Housekeeping: Good Morning.
“Begun, the Mineral Wars have. Rebuild its gold supply chains, the West must.”
Topics:
BRICS Aim to Starve The West of Gold
Coming Soon: A lot
Market Analysis:
BRICS Central Banks Cut LBMA Out
This news item is a very important development. First the news item:
Central banks are increasingly bypassing international markets to purchase domestically mined gold in local currencies, a move that supports local economies, reduces costs, and protects foreign reserves. According to the World Gold Council (WGC), 19 out of 36 surveyed central banks are now sourcing gold directly from small-scale or artisanal domestic producers—up from 14 last year. An additional four banks are actively considering the approach.
The implications of this are staggering in the the manifestation of an accelerating Global War for Metals Dominance:
This type of supply chain action will put the LBMA out of business or at least cripple Western access to physical gold going forward. We will have contextual implications for LBMA, The West, and how this is part of a much bigger strategy to secure all resource supply chains in a global mineral war. What the Brics are doing in Gold, they are doing in everything. Gold is the tip of the economic spear out of BRICS nations.
Full analysis in Premium Post: BRICS Central Banks Cut LBMA Out
Related Posts:
Coming Soon
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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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