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Gold sold like a bond this morning. Yields ripped overnight with no US data, and metal dumped into the air pocket.
Gold $4,108. 10-year 5.31. Silver under $60.
Into the 10Y auction and minutes: buying ounces here, or waiting?
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Gold flushed to about $4,108 overnight, ripped toward $4,180, then faded. The 10-year eased a few bp off Monday.
Gold $4,163. 10-year 5.26. Silver still lagging near $61.
Minutes tomorrow: did you buy the flush, or are you waiting for the print?
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Services Prices Paid just printed 74 this morning. Hot versus the estimate, and it lands after Friday's soft payrolls eased the path.
Services employment held above 50. The PMI itself is near flat at 54.9. Soft labor and sticky services prices are fighting into Wednesday's Fed minutes.
Gold $4,146. 10-year 5.31. Soft-path story or sticky-prices story: which one are you buying ounces for into the minutes?
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The Sunday open is in. Gold is flat at $4,140, right where Friday left it. Silver is up about 0.6% to $60.52.
Silver led the selling Friday, giving back 2.8% from the jobs pop high while gold gave back 2.1%. Tonight silver is the one bouncing. The 10-year closed Friday at 5.28 and Treasury futures are quiet.
Fed minutes land Wednesday. If you sat out two red weeks waiting for a better price, are you adding silver tonight or waiting on the minutes?
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Lots of talk out there. LISTEN - advice from a real stacker who does exactly what he advocates for.
Honestly, what do you think will happen to gold, and maybe even bitcoin, as the destruction of all global fiat currencies accelerates and there’s no where else to hide?
And when gold explodes, what will happen to silver which is multiple times more scarce than gold.
When you understand what Samsung is doing with solid state silver batteries, you’ll quickly realize Silver is truly too valuable to use as currency.
The future belongs to the silver stackers. It will rewrite history and will restore the middle class.
I’m selling my gold to build the New Earth, but I’m holding tight to my silver.
Stack silver and wait. That’s the game
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Inflation slowed. Gold and silver sold off.
Feb. 13, 2024:
• Inflation: 3.1% vs. 2.9% expected
• Gold: −1.4%*
• Silver: −2.9%*
Rate-cut hopes faded. Yields and the dollar rose.
Trust the data or not, investors use it to price the Fed’s next move. The miss was tied to the expectations.
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Gold just closed a second red week even after soft jobs midweek. Soft data won the path argument. Yields still won the metal.
Payrolls missed hard, gold popped, then faded into Friday. The 10-year held near multi-year highs and kept the bid from sticking.
Gold is at $4,138. The 10-year is 5.28. If you are stacking into the weekend, you are buying a second red week, not the soft-jobs bounce.
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Trump just told TIME certain levels of inflation will also pay off the debt "very rapidly." That is the government treating cheaper dollars as a debt tool.
Weaker dollars make fixed debt lighter because repayment money buys less. That same purchasing-power haircut is why ounces matter.
Gold is at $4,137. The 10-year is 5.28. If you are buying ounces, you are pricing that haircut into the metal.
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100% agree with the post from @baldguymoney Structured dicipline using tools like autoinvest from @Summit_Metals can be a long term game changer
It’s wild that dollar cost averaging into the S&P 500 has been so normalized - but doing the same with metals (simultaneously) has not.
Good behavior leads to good results.
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Gold and silver are dropping again, and harder than the yield move. Silver is leading the give-back after the soft-jobs bid.
The 10-year only firmed about 3 bp. That disconnect is a risk flush, not a rates-only crush on ounces.
Gold is at $4,131. The 10-year is 5.27. If you are buying ounces into this flush, you still clear that yield.
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Soft jobs just put more pressure on the remaining hawk camp. December or none is the live question.
Goldman already left October for December after soft PCE. BofA still wants Oct plus Dec. This print makes that second-hike path harder to hold.
Gold is at $4,191. The 10-year eased to 5.19. If you are buying ounces this morning, you clear that softer yield.
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Jobs print lands tomorrow at 6:30 AM MT. Street wants about +90,000 payrolls and a 4.1% unemployment rate.
Gold is soft at $4,178 under the 200-day. The 10-year is still 5.24. After cooler PCE, payrolls are the next path test.
If you are buying ounces into that print, you still clear this yield.
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Goldman just left the October second-hike camp. Soft PCE pulled them to December.
They still allow one more 25bp and say there is a strong chance no more 2026 hikes. Modal Street still wants December. BofA stays Oct plus Dec.
Gold is soft at $4,177 under the 200-day. The 10-year is still 5.24. If you are buying ounces today, you still clear that yield.
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This payment rose 99% in dollars, but fell 15% in gold and 18% in silver. What happens when you price housing in ounces? Based on 2021 average vs. Sept. 30, 2026 spot prices.
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