Founders Friday : Metals Update

Saturday Edition

Good Morning All: GoldFix Weekly report is being written now. Expect it tomorrow morning.

Founders Sunday: we will (time permitting):

1. CoT/CTA reports ( briefly, not a big deal here, tells you we’re building towards a good “buy season” knock wood)

2. TD’s new CTA position tracker tool- see if it is any good. Copy of it at bottom for you- note: TD is trying to step up their work, beyond just presenting data now.

3. read through ZHs latest premium post on BOAs Hartnett stating Fed inflation will be moved to 3%

4. The early (not late) 1970s policy parallels if Hartnett’s correct

5. And something else worth the price of admission alone.

It’s alot. We will decide what to focus on then link at bottom

METALS?

There is no, and we mean NO good ( plenty of shitty stuff however) metals analysis now. Which means 1 thing definitely, and other things maybe.

1. Definitely: the banks see no impetus to recommend investors to buy because there is no money to buy metals available on the client side ( 99% probability)

2. Maybe: there is an accumulation in play because we are not even seeing the usual “sell gold it sucks” research like usual (10% probability)

3. Maybe: most of the longs who were weak and had to sell likely have done so, which mean end of year selling may be weaker than usual. (80%)

Also: investment funds on the institutional side wind down positions between now and thanksgiving as many close their fiscal year in November.

Finally: All of this handicapping is how to look at the markets if there are no events. obviously if Powell pivots or even pauses, these forces will be lessened in their efficacy of influencing market movement

In the meantime… Somethings for you to peruse. GS, JPM, BOA, TD, and AS