No FOMO Like Precious Metals FOMO

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.comHousekeeping: Good Morning. Remember the Toilet paper panic during Covid? Now imagine that for Gold…Today:* Commentary: No FOMO Like Precious Metals FOMO* Premium: ING on CommoditiesEquity Recap: US equities rallied on Monday for an eighth consecutive trading session. Large caps lagged small caps: S&P 500 (+0.97%) vs. Russell 2000 (+1.19%). MSCI Emerging Markets (EEM) and MSCI EAFE (EFA) added 0.97% and 1.22% respectively.Premium Markets: No FOMO Like Precious Metals FOMOAs the price of gold goes up.. physical people want more of it due to the increasing utility of it. (shrinking space needed to store wealth) A million dollars now can be stored in a space smaller than 1mm cash and weighs comparably the same.The Commodities Feed: Ceasefire hopesING Bank Notes Oil prices have come under renewed pressure following progress towards a ceasefire between Israel and Hamas. However, while Israel has accepted a ceasefire, the market is still waiting to see whether Hamas is onboard.Full analysis in premium at bottom…Market News: "For the first time ever, a bar of gold is worth one million dollars. Bloomberg"Vice President Kamala Harris is calling for raising the corporate tax rate to 28% CNBC"GM is laying off more than 1,000 salaried employees globally in its software and services division following a review to streamline the unit's operations. CNBC"Carl Icahn and his company agreed to pay $2 million to settle civil charges from the Securities and Exchange Commission Source: WSJPolitics/Geopolitics: * US President Biden says Hamas is 'backing down' from Gaza deal, according to AFP cited by Sky News Arabia.* "[Israel-Hamas ceasefire] Negotiations scheduled in Cairo are expected to be postponed until the end of the week due to lack of progress in contacts"* Israeli PM Netanyahu accepted the updated proposal that includes some of his new demands because he knew that Hamas would reject itSome headlines via NewSquawk or DataTrekData on Deck: Jackson Hole* MONDAY, Aug. 19 9:15 am Fed Governor Christopher Waller welcoming remarks 10:00 am U.S. leading economic indicators July -0.4% 0.2% TUESDAY, Aug. 20 1:35 pm Atlanta Fed President Raphael Bostic speech 2:45 pm Fed Vice Chair for Supervision Michael Barr speech * WEDNESDAY, Aug. 21 2:00 pm Minutes of Fed's July FOMC meeting* THURSDAY, Aug. 22 S&P flash U.S. services PMI Aug. 10:00 am Existing home sales July 3.95 million 3.89 million * FRIDAY, Aug. 23 10:00 am Fed Chair Jerome Powell speech at Jackson Hole retreat 10:00 am Final Market Check…Premium: ***DO NOT SHARE THIS***