China Imports 163 Tons in May, Most in 2 Years

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.comHousekeeping: Good MorningFeatured Analysis: In Other News: Data on Deck: GDPMONDAY, JUNE 22* 9a FOMC Member Waller SpeaksTUESDAY, JUNE 23* 9:45a Flash Manufacturing PMI (prev 55.3 → est 54.6)* 9:45a Flash Services PMI (prev 50.9 → est 51.0)WEDNESDAY, JUNE 24* 8:30a Current Account (prev -191B → est -219B)* 10a New Home Sales (prev 622K → est 637K)THURSDAY, JUNE 25* 8:30a Core PCE Price Index m/m (prev 0.2% → est 0.3%)* 8:30a Final GDP q/q (prev 1.6% → est 1.6%)FRIDAY, JUNE 26* 10a Revised UoM Consumer Sentiment (prev 48.9 → est 50.0)* 10a Revised UoM Inflation Expectations (prev 4.6%)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern Comment:The market is beginning to price in the possibility that Washington can get its deficit problem under control. If you believe policymakers can bring down interest costs through fiscal discipline and higher real rates, then the case for gold becomes less compelling.