Housekeeping: Good Morning.
“Begun, the Mineral Wars have.”
Topics:
Digital Gold Rush
What it does for Gold
Why it’s like 1986
Epstein flip/flop/flip
Market Analysis:
BOA: What to Buy During a Digital Gold Rush
We have read and written on crypto in this space many times. Recent focus has been on stablecoins and their implication for Gold, Silver, US Treasury prices and our monetary network in general. Two examples of which are attached below.
GoldFix had focused in those prior reports on what assets would benefit form stablecoins and how that would also serve to rescue Treasuries. Now we need to look at who is causing the potential benefits to Gold and Treasuries. Enter BOA.
On July 13th Bank of America initiated coverage (which we shared with Founders upon receipt July 16th) on the parent industry of stable coins with an eye on what to invest in. Ethereum (one of 3 bank recommendations) has rallied 21% as of this morning.
The title of the report, “During a gold rush, sell shovels,” frames Bank of America’s investment thesis. The focus is not on which stablecoin will dominate, but on who enables stablecoin usage. Cited infrastructure beneficiaries include issuers, custodians, and Network providers who will benefit most.
Full Analysis in Premium’s BOA: What to Buy During a Digital Gold Rush
Related Posts:
Top News
Trump is set to open the US retirement market to crypto investments with Trump preparing an executive order to allow 401k plans to tap a broad pool of alternative assets, according to FT.
Fed Chair Powell rebutted the Trump administrations accusations that he misled Congress over a $2.5bn refurbishment of the central bank’s HQ,
The Fed’s Christopher Waller called for a quarter-point rate cut this month
China’s exports of rare-earth products jumped in June,
China trimmed its US Treasury holdings for a third straight month in May
The EU has reached an agreement on a new sanctions package against Russia
All of this will be in premium subscribers mailboxes over the next 3 days…
Data on Deck: CPI/ PPI
MONDAY, JULY 14 None scheduled
TUESDAY, JULY 15 8:30 am Consumer price index
WEDNESDAY, JULY 16 8:30 am Producer price index
THURSDAY, JULY 17 8:30 am Retail sales
FRIDAY, JULY 18 8:30 am Housing starts
Full calendar1
Charts and Final Market Check
MONDAY, JULY 14 None scheduled TUESDAY, JULY 15 8:30 am Consumer price index June 0.3% 0.1% 8:30 am CPI year over year 2.7% 2.4% 8:30 am Core CPI June 0.3% 0.1% 8:30 am Core CPI year over year 3.0% 2.8% 8:30 am Empire State manufacturing survey July -9.0 -16.0 9:15 am Fed Governor Michelle Bowman speech 12:45 pm Fed Governor Michael Barr speech 2:45 pm Boston Fed President Susan Collins speech 6:45 pm Dallas Fed President Lorie Logan speech WEDNESDAY, JULY 16 8:30 am Producer price index June 0.2% 0.1% 8:30 am Core PPI June -- 0.1% 8:30 am PPI year over year -- 2.6% 8:30 am Core PPI year over year -- 2.7% 9:15 am Industrial production June 0.1% 0.2% 9:15 am Capacity utilization June 77.4% 77.4% 10:00 am Federal Reserve Governor Michael Barr speech 2:00 pm Fed Beige Book 6:30 pm New York Fed President John Williams speech THURSDAY, JULY 17 8:30 am Initial jobless claims July 5 233,000 227,000 8:30 am U.S. retail sales June 0.2% -0.9% 8:30 am Retail sales minus autos June 0.3% -0.3% 8:30 am Import price index June 0.3% 0.0% 8:30 am Import price index minus fuel June -- 0.3% 8:30 am Philadelphia Fed manufacturing survey July -0.3 -4.0% 10:00 am Business inventories May 0.0% 0.0% 10:00 am Home builder confidence index July 33 32 10:00 am Fed Governor Adriana Kugler speech 12:45 pm San Francisco Fed President Daly speaks 1:30 pm Fed Governor Lisa Cook speech 6:30 pm Fed Governor Christopher Waller speech FRIDAY, JULY 18 8:30 am Housing starts June 1.30 million 1.26 million 8:30 am Building permits June 1.39 million 1.39 million 10:00 am Consumer sentiment (prelim) July 62.0 60.7
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