Housekeeping: Good Morning.
Gold Revaluation is a process not an event.
Today:
Premium: Gold and Silver Breakout Implications
Commentary: Indian Gold Demand
Equity Recap:
US equities advanced on Monday amid a continued rotation into small caps.
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Indian Gold Demand
What does this chart tell you about Indian Gold Demand
Gold and Silver Breakout Implications
Continues in Premium
Market News:
"Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates... Source: CNBC
"Goldman Sachs posted a 21% increase in investment-banking revenue in the second quarter from a year ago, joining a slew of other big banks with double-digit gains as dealmaking on Wall Street accelerated.Source: WSJ
"Donald Trump tapped JD Vance as his running mate Source: Bloomberg
"The price of bit coin rose more than 10 per cent to $63,595, its highest level in two weeks, after Trump was injured in the ear during an assassination attempt by a gunman at a campaign rally at the weekend.Source: FT
"China’s twin-track economy is generating doom-and-gloom headlines about domestic woes one moment and growing fears around the world about the dominance of its manufacturers the next. Source: Bloomberg
"Investors are creating a “barbell effect” in fixed income markets by opting for low-cost exchange traded funds and alternative assets rather than traditional bond funds, Source: FT
"Shares in Burberry plunged 16% on Monday after a disappointing fiscal first-quarter performance led it to issue a profit warning, replace its CEO and axe its dividend. Source: CNBC
Geopolitics:
North Korea warned that South Korea will face devastating consequences over anti-North Korea leaflets, according to KCNA.
Some headlines via NewSquawk or DataTrek
Data on Deck: RNC Convention 15th-18th
MONDAY, JULY 15 12:00 pm Fed Chairman Powell speaks
TUESDAY, JULY 16 8:30 am U.S. retail sales June -0.2% 0.1%
WEDNESDAY, JULY 17 8:30 am Housing starts June 1.30 million 1.28 million
THURSDAY, JULY 18 U.S. leading economic indicators June -0.3% -0.5%
FRIDAY, JULY 19 10:40 am New York Fed President Williams speaks 1
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