Markets: Gold Poised

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.comHousekeeping: Good Morning. Expect more activity in the Substack comments answering questions now.“Bubbles are the gallows for asset preservation” -GoldFix Premium SubscriberToday:* Gold is poised for greatness above $2088* Premium: Bitcoin, Stocks, and CTA positioningYesterday’s Activity:US equities rallied on Friday, with the Nasdaq closing at an all-time high. Gold roofed on fresh buyingMarket News: NOTABLE HEADLINES* Fed Chair Powell is expected to double down on his message that there’s no rush for the Fed to cut rates when he delivers in semi-annual testimony to the House committee and a Senate panel on Wednesday and Thursday, respectively, according to Bloomberg.* US congressional leaders released the text of a bill to fund the government through September 30th and avert a government shutdown- kicking less* Former US President Donald Trump won the Michigan Republican caucuses* Fitch affirmed the US at AA+; Outlook Stable.- POTUS* Fitch downgraded New York Community Bancorp’s (NYCB) rating* Top MSM News Links GEOPOLITICS* "Opec+ members led by Saudi Arabia and Russia have extended the latest round of voluntary cuts to oil production for another three months* US official said on Saturday that the outlines of a Gaza peace deal are in place and it depends on Hamas agreeing to release hostages, according to Reuters.* MoreSome headlines via NewSquawk or DataTrekData on Deck:* MONDAY, MARCH 4 12:00 pm Philadelphia Fed President Tom Harker* TUESDAY, MARCH 5 10:00 am ISM services Feb. * WEDNESDAY, MARCH 6 10:00 am Fed Chair testifies to Congress * THURSDAY, MARCH 7 Fed Chair Jerome Powell testifies to Congress* FRIDAY, MARCH 8 U.S. NFP unemployment rate Markets/Metals Commentary (Charts):Comment: * Gold- What we’d like to see next* Silver- 25.27 basis May Contract now according to Michael Oliver is keyA final long -term “On board!” signal will be rendered with a monthly close this month at $25.27 (that trigger adjusts down monthly). It ’s based on 36 -mo. avg. momentum. That chart was in a February 18th report. Again, that is not an initial signal to be long, recent action justifies that. But a final table pounder buy signal. Tonal change in silver upside is highly likely at that point forward.* Oil- * Stocks- * BTC/ETH- * Bonds- Premium Attached: * DB CTA Analysis* BOA raises their 2024 S/P Target* MSA excerpt