Why Gold is a Long, Long Way From a Top

Housekeeping: Good Morning. “25%Yellow Gold, 25% Black Gold, and 25% White Gold”Topics: * Why Gold is a Long, Long Way From a Top When to Sell Gold* Post Pandemic Student Loan Delinquency is BadMarket Analysis: Student debt accounts for 9 percent of total household liabilities, disproportionately affecting 30 to 59-year-olds. This cohort drives consumption. Credit deterioration here means weakening demand economy-wide.Apollo calls it a persistent drag. We call it a permanent headwind. There are 59 year olds who are still marked as "delinquent". That money is lost along with college town who need students to attend college and spend money locally.Full analysis in Premium Post: Post Pandemic Student Loan Delinquency is BadRelated Posts:Data 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 Check 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