Gold is fighting a battle at the 18 month average. More people are in the camp now that inflation is not transitory. I don't think labor costs are going to be transitory.
Copper makes the headlines, but GYX has been bullish all along; gold awaits its time as the message from metals land is bullish, risk ‘on’ and cyclical
The debt ceiling is saved – at least until December. Evergrande is over – well probably not. An energy crunch is coming – quite likely. The U.S. job numbers are showing a weakening economy – certainly appears that way.
For permabears who have waited patiently for a fitting climax to the most most insane bull market of them all, it would be like finding a WaWa Market at the top of a Himalayan peak they'd almost died scaling.
