Trump's Copper Tariff in Context

Housekeeping: Good Morning. “Strategy is just tactics on a longer timeline”Topics: * Bullion Bank Hates the Gold, But Raises its Target* Trump's Copper Tariff Hike in Context (starts 5:15)Market Analysis: Despite geopolitical and fiscal tailwinds, HSBC says the $3,500/oz ceiling holds unless new shocks emerge. The revised forecast underscores a behavioral paradox: higher targets, yet a lower conviction on sustained upside. Which is the signal, a raised target, or a lower outlook.Full analysis in Premium Post: HSBC Raises Gold Price Target, Then Gets BearishRelated Posts:Coming SoonFinal market checkData on Deck: FOMC Minutes* MONDAY, JULY 7 None scheduled* TUESDAY, JULY 8 3:00 pm Consumer credit * WEDNESDAY, JULY 9 2:00 pm Minutes of Fed's May FOMC meeting* THURSDAY, JULY 10 8:30 am Initial jobless claims, Fed speakers* FRIDAY, JULY 11 2:00 pm Monthly U.S. federal budget-$66B* Full calendarCharts and Final Market CheckCopper jumps on Trump’s tariff threat. .Silver bounces, but remains susceptible to new selling in the form of Copper/Silver spreading… ultimately leading to another 4-5% day higher when Silver shorts realize that was a bad idea…Meanwhile, gold largely shrugs off the potential tariff war uptick… thats not good. Conclusion?- the goldsilver ratio may keep dropping even in a sideways choppy market for the actual metals. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit vblgoldfix.substack.com/subscribe