GoldFix

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/subscribeHousekeeping: MSTrader and GSTrader at bottom on equities* WHO CONTROLLED DIRECTION AND WHO INCREASED/DECREASED BETS?* WHAT DID EACH COHORT DO THIS WEEK?* WHAT DID OPEN INTEREST DO?* Personal: still range boundWHO CONTROLLED DIRECTION AND WHO INCREASED/DECREASED BETS?Some charts by Founder Randy Brown* Day 1- up day, OI up by 19.8k- Longs add* Day 2- dn day, OI dn …

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: FOMCMonday, Aug. 17* 8:30 AMEmpire State Manufacturing SurveyAug.-1215.6* 10:00 AMNAHB Housing Market IndexAug.-3334Tuesday, Aug. 18* 8:30 AMHousing StartsJul.-1.3M1.4M* 8:30 AMImport PricesJul.-0.1%0.3%* 9:15 AMIndustrial Production, M/M%Jul.-0.4%0.1%* 9:15 AMCapacity Utilization %Jul.-76.4%76.1%* 10:00 AMPending Home Sales Idx, M/M%Jul.-0%-5.4%Wednesday, Aug. 19* 2:00 PMFederal Open Market Committee meeting minutes published----Thursday, Aug. 20* 8:30 AMPhiladelphia Fed Business Outlook SurveyAug.-2541.4* 8:30 AMWeekly Jobless ClaimsAug. 15-205K209K* 10:00 AMLeading IndicatorsJul.-0%-0.2%Friday, Aug. 21* 9:45 AMUS Flash Manufacturing PMIAug.-54.353.89:45 AMUS Flash Services PMIAug.-53.853.6***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: CPIMONDAY, AUGUST 10* 9:45a Cleveland Fed Inflation Expectations (prev 3.7%)* 3p FOMC Member Hammack SpeaksTUESDAY, AUGUST 11* 10a Existing Home Sales (prev 4.09M → est 4.05M)WEDNESDAY, AUGUST 12* 8:30a Core CPI m/m (prev 0.0% → est 0.2%)* 8:30a Core CPI y/y (prev 2.6% → est 2.5%)* 8:30a CPI m/m (prev -0.4% → est 0.1%)* 8:30a CPI y/y (prev 3.5% → est 3.4%)THURSDAY, AUGUST 13* 8:15a FOMC Member Hammack Speaks* 8:30a Core PPI m/m (prev 0.2% → est 0.3%)* 8:30a PPI m/m (prev -0.3% → est 0.2%)* 8:30a Unemployment Claims (prev 199K → est 202K)* 8:40a FOMC Member Barkin Speaks* 6p FOMC Member Goolsbee SpeaksFRIDAY, AUGUST 14* 8:30a Core Retail Sales m/m (prev -0.2% → est 0.2%)* 8:30a Retail Sales m/m (prev 0.2% → est 0.1%)* 10a Prelim UoM Consumer Sentiment (prev 54.4 → est 54.7)* 10a Prelim UoM Inflation Expectations (prev 4.2%)* 10a Business Inventories m/m (prev 0.3% → est 0.2%)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: CPIMONDAY, AUGUST 10* 9:45a Cleveland Fed Inflation Expectations (prev 3.7%)* 3p FOMC Member Hammack SpeaksTUESDAY, AUGUST 11* 10a Existing Home Sales (prev 4.09M → est 4.05M)WEDNESDAY, AUGUST 12* 8:30a Core CPI m/m (prev 0.0% → est 0.2%)* 8:30a Core CPI y/y (prev 2.6% → est 2.5%)* 8:30a CPI m/m (prev -0.4% → est 0.1%)* 8:30a CPI y/y (prev 3.5% → est 3.4%)THURSDAY, AUGUST 13* 8:15a FOMC Member Hammack Speaks* 8:30a Core PPI m/m (prev 0.2% → est 0.3%)* 8:30a PPI m/m (prev -0.3% → est 0.2%)* 8:30a Unemployment Claims (prev 199K → est 202K)* 8:40a FOMC Member Barkin SpeaksFRIDAY, AUGUST 14* 8:30a Core Retail Sales m/m (prev -0.2% → est 0.2%)* 8:30a Retail Sales m/m (prev 0.2% → est 0.1%)* 10a Prelim UoM Consumer Sentiment (prev 54.4 → est 54.7)* 10a Prelim UoM Inflation Expectations (prev 4.2%)* 10a Business Inventories m/m (prev 0.3% → est 0.2%)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: CPIMONDAY, AUGUST 10* 9:45a Cleveland Fed Inflation Expectations (prev 3.7%)* 3p FOMC Member Hammack SpeaksTUESDAY, AUGUST 11* 10a Existing Home Sales (prev 4.09M → est 4.05M)WEDNESDAY, AUGUST 12* 8:30a Core CPI m/m (prev 0.0% → est 0.2%)* 8:30a Core CPI y/y (prev 2.6% → est 2.5%)* 8:30a CPI m/m (prev -0.4% → est 0.1%)* 8:30a CPI y/y (prev 3.5% → est 3.4%)THURSDAY, AUGUST 13* 8:15a FOMC Member Hammack Speaks* 8:30a Core PPI m/m (prev 0.2% → est 0.3%)* 8:30a PPI m/m (prev -0.3% → est 0.2%)* 8:30a Unemployment Claims (prev 199K → est 203K)* 8:40a FOMC Member Barkin SpeaksFRIDAY, AUGUST 14* 8:30a Core Retail Sales m/m (prev -0.2% → est 0.2%)* 8:30a Retail Sales m/m (prev 0.2% → est 0.1%)* 10a Prelim UoM Consumer Sentiment (prev 54.4 → est 54.7)* 10a Prelim UoM Inflation Expectations (prev 4.2%)* 10a Business Inventories m/m (prev 0.3% → est 0.2%)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: CPIMONDAY, AUGUST 10* 9:48a Cleveland Fed Inflation Expectations (prev 3.7%)* 3p FOMC Member Hammack SpeaksTUESDAY, AUGUST 11* 10a Existing Home Sales (prev 4.09M → est 4.05M)WEDNESDAY, AUGUST 12* 8:30a Core CPI m/m (prev 0.0% → est 0.2%)* 8:30a Core CPI y/y (prev 2.6% → est 2.5%)* 8:30a CPI m/m (prev -0.4% → est 0.1%)* 8:30a CPI y/y (prev 3.5% → est 3.4%)THURSDAY, AUGUST 13* 8:15a FOMC Member Hammack Speaks* 8:30a Core PPI m/m (prev 0.2% → est 0.3%)* 8:30a PPI m/m (prev -0.3% → est 0.2%)* 8:30a Unemployment Claims (prev 199K → est 202K)* 8:40a FOMC Member Barkin SpeaksFRIDAY, AUGUST 14* 8:30a Core Retail Sales m/m (prev -0.2% → est 0.2%)* 8:30a Retail Sales m/m (prev 0.2% → est 0.1%)* 10a Prelim UoM Consumer Sentiment (prev 54.4 → est 54.4)* 10a Prelim UoM Inflation Expectations (prev 4.2%)* 10a Business Inventories m/m (prev 0.3% → est 0.2%)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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/subscribeVideo piece covering this data:

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: CPIMONDAY, AUG. 10 None scheduled TUESDAY, AUG. 11 * 6:00 am NFIB optimism index July 97.2 97.4 * 10:00 am Existing home sales July 4.01 million 4.09 million WEDNESDAY, AUG. 12 * 8:30 am Consumer price index July 0.1% -0.4% * 8:30 am CPI year over year 3.4% 3.5% * 8:30 am Core CPI July 0.3% 0.0% * 8:30 am Core CPI year over year 2.5% 2.6% * 2:00 pm Monthly U.S. federal budget July -- -$291B THURSDAY, AUG. 13 * 8:30 am Initial jobless claims Aug. 8 203,000 199,000 * 8:30 am Producer price index July 0.2% -0.3% * 8:30 am Core PPI July 0.3% 0.1% * 8:30 am PPI year over year -- 5.5% * 8:30 am Core PPI year over year -- 5.1% FRIDAY, AUG. 14 * 8:30 am U.S. retail sales July 0.1% 0.2% * 8:30 am Retail sales minus autos July 0.2% -0.2% * 10:00 am Business inventories June 0.1% 0.3% * 10:00 am Consumer sentiment (prelim) Aug. 54.5 54.2***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: UnemploymentMONDAY, AUGUST 3* 9:45a Final Manufacturing PMI (prev 53.8 → est 53.8)* 10a ISM Manufacturing PMI (prev 53.3 → est 54.0)* 10a ISM Manufacturing Prices (prev 73.0 → est 70.0)* 10a Construction Spending m/m (prev 0.1% → est 0.2%)* 10:15a Omdia Total Vehicle Sales (prev 16.5M → est 16.3M)* 2p Loan Officer SurveyTUESDAY, AUGUST 4* 10a JOLTS Job Openings (prev 7.59M → est 7.44M)* 10a Factory Orders m/m (prev -1.3% → est 0.2%)* 10:13a RCM/TIPP Economic Optimism (prev 45.5 → est 47.5)* 8:15p FOMC Member Schmid SpeaksWEDNESDAY, AUGUST 5* 8:15a ADP Non-Farm Employment Change (prev 98K → est 68K)* 9:45a Final Services PMI (prev 53.6 → est 53.6)* 10a ISM Services PMI (prev 54.0 → est 54.5)* 4:05p FOMC Member Cook Speaks* 4:30p President Trump Speaks* 8:35p FOMC Member Daly SpeaksTHURSDAY, AUGUST 6* 5:30a Challenger Job Cuts y/y (prev -4.5%)* 8:30a Unemployment Claims (prev 197K → est 203K)* 8:30a Prelim Nonfarm Productivity q/q (prev 0.8% → est 0.6%)* 8:30a Prelim Unit Labor Costs q/q (prev 2.3% → est 2.2%)* 5:30p FOMC Member Musalem SpeaksFRIDAY, AUGUST 7* 8:30a Average Hourly Earnings m/m (prev 0.3% → est 0.3%)* 8:30a Non-Farm Employment Change (prev 57K → est 85K)* 8:30a Unemployment Rate (prev 4.2% → est 4.2%)* 10a FOMC Member Barkin Speaks* 3p Consumer Credit m/m (prev -0.2B → est 11.4B)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: UnemploymentMONDAY, AUGUST 3* 9:45a Final Manufacturing PMI (prev 53.8 → est 53.8)* 10a ISM Manufacturing PMI (prev 53.3 → est 54.0)* 10a ISM Manufacturing Prices (prev 73.0 → est 70.0)* 10a Construction Spending m/m (prev 0.1% → est 0.2%)* 10:15a Omdia Total Vehicle Sales (prev 16.5M → est 16.3M)* 2p Loan Officer SurveyTUESDAY, AUGUST 4* 10a JOLTS Job Openings (prev 7.59M → est 7.44M)* 10a Factory Orders m/m (prev -1.3% → est 0.2%)* 10:13a RCM/TIPP Economic Optimism (prev 45.5 → est 47.5)* 8:15p FOMC Member Schmid SpeaksWEDNESDAY, AUGUST 5* 8:15a ADP Non-Farm Employment Change (prev 98K → est 68K)* 9:45a Final Services PMI (prev 53.6 → est 53.6)* 10a ISM Services PMI (prev 54.0 → est 54.5)* 4:05p FOMC Member Cook Speaks* 4:30p President Trump Speaks* 8:35p FOMC Member Daly SpeaksTHURSDAY, AUGUST 6* 5:30a Challenger Job Cuts y/y (prev -4.5%)* 8:30a Unemployment Claims (prev 197K → est 203K)* 8:30a Prelim Nonfarm Productivity q/q (prev 0.8% → est 0.6%)* 8:30a Prelim Unit Labor Costs q/q (prev 2.3% → est 2.2%)* 5:30p FOMC Member Musalem SpeaksFRIDAY, AUGUST 7* 8:30a Average Hourly Earnings m/m (prev 0.3% → est 0.3%)* 8:30a Non-Farm Employment Change (prev 57K → est 85K)* 8:30a Unemployment Rate (prev 4.2% → est 4.2%)* 10a FOMC Member Barkin Speaks* 3p Consumer Credit m/m (prev -0.2B → est 11.4B)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix internRECAPYesterday was one of those fascinating sessions where almost nothing happened on the surface, yet gold delivered one of its biggest rallies in years. Stocks finished slightly lower, the dollar slipped marginally, bonds were basically unchanged, and there wasn’t a major news event to explain it. Gold, however, surged $171, or 4.2%, to around $4,248, while silver gained $2.53, also about 4.3%, to nearly $62. What’s remarkable is that gold and silver rose by almost identical percentages. Usually, silver dramatically outperforms during rallies like this, so that stood out.

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: UnemploymentMONDAY, AUGUST 3* 9:45a Final Manufacturing PMI (prev 53.8 → est 53.8)* 10a ISM Manufacturing PMI (prev 53.3 → est 54.0)* 10a ISM Manufacturing Prices (prev 73.0 → est 70.0)* 10a Construction Spending m/m (prev 0.1% → est 0.2%)* 10:15a Omdia Total Vehicle Sales (prev 16.5M → est 16.3M)* 2p Loan Officer SurveyTUESDAY, AUGUST 4* 10a JOLTS Job Openings (prev 7.59M → est 7.44M)* 10a Factory Orders m/m (prev -1.3% → est 0.2%)* 10:10a RCM/TIPP Economic Optimism (prev 45.5 → est 47.5)* 8:15p FOMC Member Schmid SpeaksWEDNESDAY, AUGUST 5* 8:15a ADP Non-Farm Employment Change (prev 98K → est 68K)* 9:45a Final Services PMI (prev 53.6 → est 53.6)* 10a ISM Services PMI (prev 54.0 → est 54.5)* 4:05p FOMC Member Cook Speaks* 8:35p FOMC Member Daly SpeaksTHURSDAY, AUGUST 6* 5:30a Challenger Job Cuts y/y (prev -4.5%)* 8:30a Unemployment Claims (prev 197K → est 203K)* 8:30a Prelim Nonfarm Productivity q/q (prev 0.8% → est 0.6%)* 8:30a Prelim Unit Labor Costs q/q (prev 2.3% → est 2.2%)* 5:30p FOMC Member Musalem SpeaksFRIDAY, AUGUST 7* 8:30a Average Hourly Earnings m/m (prev 0.3% → est 0.3%)* 8:30a Non-Farm Employment Change (prev 57K → est 85K)* 8:30a Unemployment Rate (prev 4.2% → est 4.2%)* 10a FOMC Member Barkin Speaks* 3p Consumer Credit m/m (prev -0.2B → est 11.2B)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: UnemploymentMONDAY, AUGUST 3* 9:45a Final Manufacturing PMI (prev 53.8 → est 53.8)* 10a ISM Manufacturing PMI (prev 53.3 → est 54.0)* 10a ISM Manufacturing Prices (prev 73.0 → est 70.0)* 10a Construction Spending m/m (prev 0.1% → est 0.2%)* 10:15a Omdia Total Vehicle Sales (prev 16.5M → est 16.3M)* 2:03p Loan Officer SurveyTUESDAY, AUGUST 4* 10a JOLTS Job Openings (prev 7.59M → est 7.42M)* 10a Factory Orders m/m (prev -1.3% → est 0.0%)* 10:10a RCM/TIPP Economic Optimism (prev 45.5 → est 47.5)WEDNESDAY, AUGUST 5* 8:15a ADP Non-Farm Employment Change (prev 98K → est 71K)* 9:45a Final Services PMI (prev 53.6 → est 53.6)* 10a ISM Services PMI (prev 54.0 → est 54.5)* 4:05p FOMC Member Cook Speaks* 8:35p FOMC Member Daly SpeaksTHURSDAY, AUGUST 6* 5:30a Challenger Job Cuts y/y (prev -4.5%)* 8:30a Unemployment Claims (prev 197K → est 205K)* 8:30a Prelim Nonfarm Productivity q/q (prev 0.8% → est 0.7%)* 8:30a Prelim Unit Labor Costs q/q (prev 2.3% → est 2.1%)* 5:30p FOMC Member Musalem SpeaksFRIDAY, AUGUST 7* 8:30a Average Hourly Earnings m/m (prev 0.3% → est 0.3%)* 8:30a Non-Farm Employment Change (prev 57K → est 88K)* 8:30a Unemployment Rate (prev 4.2% → est 4.2%)* 10a FOMC Member Barkin Speaks* 3p Consumer Credit m/m (prev -0.2B → est 12.1B)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: Nonfarm EmploymentMONDAY, AUGUST 3* 9:45 am S&P final U.S. manufacturing PMI July -- 53.9 * 10:00 am ISM manufacturing July 54.0% 53.3% * 10:00 am Construction spending June 0.3% 0.1% * TBA Auto sales July -- 16.5 millionTUESDAY, AUGUST 4* 8:30 am U.S. trade balance June -$73.0B -$77.6B * 10:00 am Factory orders June 0.3% -1.3% * 10:00 am Job openings June 7.5 million 7.6 million WEDNESDAY, AUGUST 5* 8:15 am ADP employment July 75,000 98,000 * 9:45 am S&P final U.S. services PMI July -- 51.2 * 10:00 am ISM services July 54.4% 54.0%* 4:05 pm Fed Governor Lisa Cook speaksTHURSDAY, AUGUST 6* 8:30 am Initial jobless claims Aug. 1 200,000 197,000 * 8:30 am U.S. productivity Q2 0.7% 0.8% * 10:00 am Wholesale inventories June -- 0.1%FRIDAY, AUGUST 7* 8:30 am U.S. employment report July 85,000 57,000 * 8:30 am U.S. unemployment rate July 4.3% 4.2% * 8:30 am U.S. hourly wages July 0.3% 0.3% * 8:30 am Hourly wages year over year -- 3.5% * 10:00 am Richmond Fed President Tom Barkin speaks * 3:00 pm Consumer credit June $12B -$0.2B***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: FOMCMONDAY, JULY 27* 8:30a Durable-goods orders (June) (prev -4.0% → est 2.1% → act 0.3%)* 8:30a Durable-goods minus transportation (June) (prev 1.8% → act 0.6%)TUESDAY, JULY 28* 8:30a Advanced retail inventories (June) (prev 0.5% → act 0.0%)* 9a S&P Case-Shiller home price index (20 cities) (May) (prev 1.2% → est 1.3% → act 1.6%)* 10a Consumer confidence (July) (prev 92.2 → est 92.0 → act 90.8)WEDNESDAY, JULY 29* 2p FOMC interest-rate decision* 2:30p Fed Chair Warsh press conferenceTHURSDAY, JULY 30* 8:30a Initial jobless claims (July 25) (prev 187,000 → est 200,000)* 8:30a GDP (Q2) (prev 2.1% → est 1.8%)* 8:30a Personal income (June) (prev 0.7% → est 0.3%)* 8:30a Personal spending (June) (prev 0.3% → est 0.3%)* 8:30a PCE index (June) (prev 0.4% → est -0.1%)* 8:30a PCE (year-over-year) (prev 4.1% → est 3.7%)* 8:30a Core PCE index (June) (prev 0.3% → est 0.2%)* 8:30a Core PCE (year-over-year) (prev 3.4% → est 3.3%)FRIDAY, JULY 31* 8:30a Employment cost index (Q2) (prev 0.9% → est 0.8%)* 9:45a Chicago Business Barometer (PMI) (July) (prev 56.7 → est 55.7)* 10a Consumer sentiment (final) (July) (prev 54.4 → est 54.0)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: FOMCMONDAY, JULY 27* 8:30a Durable-goods orders (June) (prev -4.0% → est 2.1% → act 0.3%)* 8:30a Durable-goods minus transportation (June) (prev 1.8% → act 0.6%)TUESDAY, JULY 28* 8:30a Advanced retail inventories (June) (prev 0.5% → act 0.0%)* 9a S&P Case-Shiller home price index (20 cities) (May) (prev 1.2% → est 1.3% → act 1.6%)* 10a Consumer confidence (July) (prev 92.2 → est 92.0 → act 90.8)WEDNESDAY, JULY 29* 2p FOMC interest-rate decision* 2:30p Fed Chair Warsh press conferenceTHURSDAY, JULY 30* 8:30a Initial jobless claims (July 25) (prev 187,000 → est 200,000)* 8:30a GDP (Q2) (prev 2.1% → est 1.8%)* 8:30a Personal income (June) (prev 0.7% → est 0.3%)* 8:30a Personal spending (June) (prev 0.3% → est 0.3%)* 8:30a PCE index (June) (prev 0.4% → est -0.1%)* 8:30a PCE (year-over-year) (prev 4.1% → est 3.7%)* 8:30a Core PCE index (June) (prev 0.3% → est 0.2%)* 8:30a Core PCE (year-over-year) (prev 3.4% → est 3.3%)FRIDAY, JULY 31* 8:30a Employment cost index (Q2) (prev 0.9% → est 0.8%)* 9:45a Chicago Business Barometer (PMI) (July) (prev 56.7 → est 55.7)* 10a Consumer sentiment (final) (July) (prev 54.4 → est 54.0)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: FOMCMONDAY, JULY 27* 8:30a Durable-goods orders (June) (prev -4.0% → est 2.1% → act 0.3%)* 8:30a Durable-goods minus transportation (June) (prev 1.8% → act 0.6%)TUESDAY, JULY 28* 8:30a Advanced retail inventories (June) (prev 0.6%)* 9a S&P Case-Shiller home price index (20 cities) (May) (prev 1.1% → est 1.3%)* 10a Consumer confidence (July) (prev 91.2 → est 92.0)WEDNESDAY, JULY 29* 2p FOMC interest-rate decision* 2:30p Fed Chair Warsh press conferenceTHURSDAY, JULY 30* 8:30a Initial jobless claims (July 25) (prev 187,000 → est 200,000)* 8:30a GDP (Q2) (prev 2.1% → est 1.8%)* 8:30a Personal income (June) (prev 0.7% → est 0.3%)* 8:30a Personal spending (June) (prev 0.3% → est 0.3%)* 8:30a PCE index (June) (prev 0.4% → est -0.1%)* 8:30a PCE (year-over-year) (prev 4.1% → est 3.7%)* 8:30a Core PCE index (June) (prev 0.3% → est 0.2%)* 8:30a Core PCE (year-over-year) (prev 3.4% → est 3.3%)FRIDAY, JULY 31* 8:30a Employment cost index (Q2) (prev 0.9% → est 0.8%)* 9:45a Chicago Business Barometer (PMI) (July) (prev 56.7 → est 55.7)* 10a Consumer sentiment (final) (July) (prev 54.4 → est 54.0)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: FOMCMONDAY, JULY 27* 8:30a Durable-goods orders (June) (prev -4.5% → est 2.1%)* 8:30a Durable-goods minus transportation (June) (prev 1.3%)TUESDAY, JULY 28* 8:30a Advanced retail inventories (June) (prev 0.6%)* 9a S&P Case-Shiller home price index (20 cities) (May) (prev 1.1% → est 1.3%)* 10a Consumer confidence (July) (prev 91.2 → est 92.5)WEDNESDAY, JULY 29* 2p FOMC interest-rate decision* 2:30p Fed Chair Warsh press conferenceTHURSDAY, JULY 30* 8:30a Initial jobless claims (July 25) (prev 187,000 → est 203,000)* 8:30a GDP (Q2) (prev 2.1% → est 2.1%)* 8:30a Personal income (June) (prev 0.7% → est 0.4%)* 8:30a Personal spending (June) (prev 0.3% → est 0.3%)* 8:30a PCE index (June) (prev 0.4% → est -0.1%)* 8:30a PCE (year-over-year) (prev 4.1% → est 3.7%)* 8:30a Core PCE index (June) (prev 0.3% → est 0.2%)* 8:30a Core PCE (year-over-year) (prev 3.4% → est 3.3%)FRIDAY, JULY 31* 8:30a Employment cost index (Q2) (prev 0.9% → est 0.8%)* 9:45a Chicago Business Barometer (PMI) (July) (prev 56.7 → est 55.0)* 10a Consumer sentiment (final) (July) (prev 54.4 → est 54.0)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: FOMCMONDAY, JULY 27* 8:30a Durable-goods orders (June) (prev -4.5% → est 2.1%)* 8:30a Durable-goods minus transportation (June) (prev 1.3%)TUESDAY, JULY 28* 8:30a Advanced retail inventories (June) (prev 0.6%)* 9a S&P Case-Shiller home price index (20 cities) (May) (prev 1.1% → est 1.3%)* 10a Consumer confidence (July) (prev 91.2 → est 92.5)WEDNESDAY, JULY 29* 2p FOMC interest-rate decision* 2:30p Fed Chair Warsh press conferenceTHURSDAY, JULY 30* 8:30a Initial jobless claims (July 25) (prev 187,000 → est 203,000)* 8:30a GDP (Q2) (prev 2.1% → est 2.1%)* 8:30a Personal income (June) (prev 0.7% → est 0.4%)* 8:30a Personal spending (June) (prev 0.3% → est 0.3%)* 8:30a PCE index (June) (prev 0.4% → est -0.1%)* 8:30a PCE (year-over-year) (prev 4.1% → est 3.7%)* 8:30a Core PCE index (June) (prev 0.3% → est 0.2%)* 8:30a Core PCE (year-over-year) (prev 3.4% → est 3.3%)FRIDAY, JULY 31* 8:30a Employment cost index (Q2) (prev 0.9% → est 0.8%)* 9:45a Chicago Business Barometer (PMI) (July) (prev 56.7 → est 55.0)* 10a Consumer sentiment (final) (July) (prev 54.4 → est 54.0)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.comThe following is a special presentation of the GoldFix/Competent Man Interview Joint Venture:Luke Gromen, president of Forest for the Trees, joins Tom Bodrovics to discuss the fiscal and monetary pressures facing the United States. With national debt at $39.5 trillion and rates elevated, Gromen argues policymakers may have to choose between Treasury market instability and a weaker dollar. He also examines short-term debt issuance, stablecoins, inflation, tariffs, domestic production, and the risks this policy shift poses to the dollar’s reserve status.Timestamps:00:00:00 - Introduction00:01:20 - Fed Choices on Inflation00:03:18 - Treasury Market Dysfunction Risks00:05:40 - Stablecoins Financing Deficits00:07:45 - US China Geopolitical Competition00:12:01 - Hamiltonian Economics Explained00:17:47 - Reshoring Costs and Feasibility00:23:28 - Iran Conflict Oil Impacts00:35:10 - China Strategic Benefits00:54:30 - China & Gold Trading01:02:00 - Equity Valuations01:05:20 - Bitcoin Thoughts01:09:00 - Action Items & Wrap-Up

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: InitialMONDAY, JULY 20* 10a U.S. leading economic indicators (June) (prev 0.1% → est 0.0% → act -0.2%)TUESDAY, JULY 21* No major US releasesWEDNESDAY, JULY 22* No major US releasesTHURSDAY, JULY 23* 8:30a Initial jobless claims (July 18) (prev 208,000 → est 212,000)FRIDAY, JULY 24* 9:45a S&P flash U.S. services PMI (July) (prev 51.2 → est 51.5)* 9:45a S&P flash U.S. manufacturing PMI (July) (prev 53.9 → est 54.4)* 10a New home sales (June) (prev 580,000 → est 606,000)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.comRick Rule reflects on his recent investment symposium, where seasoned gold investors viewed the 30% price decline as a buying opportunity while newer participants remained uneasy. He also noted that quality mining companies continue to attract capital, increasingly from majors and family offices rather than speculative investors.Rick also expects a surge in mining M&A as major producers seek growth after years of underinvestment, creating opportunities for investors who can identify likely takeover targets. He remains cautious on near-term gold prices due to a strong dollar and higher rates, while arguing that official inflation data understates rising living costs. Rule also stresses disciplined junior-stock selection, backing only proven management teams, and remains bullish on oil and uranium due to chronic underinvestment and tightening future supply.EnjoyTimestamps: 00:00:00 - Introduction 00:00:50 - Conference Sentiment on Metals 00:06:42 - Quality Companies Access Capital 00:09:47 - M&A Trends in Mining Sector 00:18:00 - Worthless Juniors Phenomenon 00:20:14 - Gold Acting as Risk Asset 00:24:54 - Inflation CPI and Dollar 00:26:45 - Education Versus Emotional Investing 00:31:15 - Portfolio Building Strategies 00:37:05 - Warrants & Private Placements 00:40:00 - Eggs and Basket Positioning 00:44:40 - Energy Shocks and Nuclear 00:53:35 - Battle Bank Services Explained 00:58:39 - Rule Symposium Recordings 01:04:00 - Concluding Thoughts

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: MONDAY, JULY 20* 10a U.S. leading economic indicators (June) (prev 0.1% → est 0.0%)TUESDAY, JULY 21* No major US releasesWEDNESDAY, JULY 22* No major US releasesTHURSDAY, JULY 23* 8:30a Initial jobless claims (July 18) (prev 208,000 → est 212,000)FRIDAY, JULY 24* 9:45a S&P flash U.S. services PMI (July) (prev 51.2 → est 51.1)* 9:45a S&P flash U.S. manufacturing PMI (July) (prev 53.9 → est 54.4)* 10a New home sales (June) (prev 580,000 → est 600,000)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix internComment on HK/ LAOSThe importance of this Laos/ HK agreement lies in the connection between physical gold and financial infrastructure.

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: MONDAY, JULY 20* 10a U.S. leading economic indicators (June) (prev 0.1% → est 0.0%)TUESDAY, JULY 21* No major US releasesWEDNESDAY, JULY 22* No major US releasesTHURSDAY, JULY 23* 8:30a Initial jobless claims (July 18) (prev 208,000 → est 212,000)FRIDAY, JULY 24* 9:45a S&P flash U.S. services PMI (July) (prev 51.2 → est 51.1)* 9:45a S&P flash U.S. manufacturing PMI (July) (prev 53.9 → est 54.4)* 10a New home sales (June) (prev 580,000 → est 600,000)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: CPIMONDAY, JULY 13* 5:25a Federal Reserve Vice Chair for Supervision Michelle Bowman speaks* 12:30p Federal Reserve governor Christopher Waller speaksTUESDAY, JULY 14* 8:30a Consumer price index (June) (prev 0.5% → est -0.2% → act -0.4%)* 8:30a CPI year over year (prev 4.2% → est 3.8% → act 3.5%)* 8:30a Core CPI (June) (prev 0.2% → est 0.2% → act 0.0%)* 8:30a Core CPI year over year (prev 2.9% → est 2.9% → act 2.6%)* 10a Federal Reserve Chairman Kevin Warsh testifies to Congress* 12:40p Federal Reserve governor Michael Barr speaks* 1p Chicago Fed President Austan Goolsbee speaks* 1:30p Federal Reserve governor Lisa Cook speaks* 2:55p Federal Reserve Vice Chair for Supervision Michelle Bowman speaksWEDNESDAY, JULY 15* 8:30a Producer price index (June) (prev 0.6% → est 0.0% → act -0.3%)* 8:30a Core PPI (June) (prev 0.8% → est 0.3% → act 0.1%)* 8:30a PPI year over year (prev 6.0% → act 5.5%)* 8:30a Core PPI year over year (prev 5.1% → act 5.1%)* 8:30a Empire State manufacturing survey (July) (prev 5.7 → est 8.4 → act 15.6)* 8:45a New York Fed President John Williams speaks* 10a Federal Reserve Chairman Kevin Warsh testifies to Congress* 1p Federal Reserve governor Lisa Cook speaks* 2p Fed Beige Book* 6:30p St. Louis Fed President Alberto Musalem speaksTHURSDAY, JULY 16* 8:30a U.S. retail sales (June) (prev 0.9% → est 0.2%)* 8:30a Retail sales minus autos (June) (prev 0.8% → est 0.2%)* 8:30a Initial jobless claims (July 11) (prev 215,000 → est 218.000)* 8:30a Philadelphia Fed manufacturing survey (July) (prev 10.3 → est 9.8)* 10a Pending home sales (June) (prev 3.8% → est 0.0%)* 12:30p Dallas Fed President Lorie Logan speaks* 7p Federal Reserve Vice-Chair Philip Jefferson speaksFRIDAY, JULY 17* 8:30a Import price index (June) (prev 1.9% → est -0.8%)* 8:30a Import price index minus fuel (June) (prev 0.8%)* 8:30a Housing starts (June) (prev 1.18 million → est 1.31 million)* 8:30a Building permits (June) (prev 1.41 million → est 1.41 million)* 9:15a Industrial production (June) (prev 0.1% → est 0.2%)* 9:15a Capacity utilization (June) (prev 76.2 → est 76.2%)* 10a Consumer sentiment (prelim) (July) (prev 49.5 → est 50.5)* 10a Home builder confidence index (July) (prev 35 → est 35)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: CPIMONDAY, JULY 13* 5:25a Federal Reserve Vice Chair for Supervision Michelle Bowman speaks* 12:30p Federal Reserve governor Christopher Waller speaksTUESDAY, JULY 14* 8:30a Consumer price index (June) (prev 0.5% → est -0.2% → act -0.4%)* 8:30a CPI year over year (prev 4.2% → est 3.8% → act 3.5%)* 8:30a Core CPI (June) (prev 0.2% → est 0.2% → act 0.0%)* 8:30a Core CPI year over year (prev 2.9% → est 2.9% → act 2.6%)* 10a Federal Reserve Chairman Kevin Warsh testifies to Congress* 12:40p Federal Reserve governor Michael Barr speaks* 1p Chicago Fed President Austan Goolsbee speaks* 1:30p Federal Reserve governor Lisa Cook speaks* 2:55p Federal Reserve Vice Chair for Supervision Michelle Bowman speaksWEDNESDAY, JULY 15* 8:30a Producer price index (June) (prev 1.1% → est -0.0%)* 8:30a Core PPI (June) (prev 0.8% → est 0.3%)* 8:30a PPI year over year (prev 6.5%)* 8:30a Core PPI year over year (prev 5.1%)* 8:30a Empire State manufacturing survey (July) (prev 5.7 → est 8.4)* 8:45a New York Fed President John Williams speaks* 10a Federal Reserve Chairman Kevin Warsh testifies to Congress* 1p Federal Reserve governor Lisa Cook speaks* 2p Fed Beige Book* 6:30p St. Louis Fed President Alberto Musalem speaksTHURSDAY, JULY 16* 8:30a U.S. retail sales (June) (prev 0.9% → est 0.2%)* 8:30a Retail sales minus autos (June) (prev 0.8% → est 0.2%)* 8:30a Initial jobless claims (July 11) (prev 215,000 → est 218.000)* 8:30a Philadelphia Fed manufacturing survey (July) (prev 10.3 → est 9.8)* 10a Pending home sales (June) (prev 3.8% → est 0.0%)* 12:30p Dallas Fed President Lorie Logan speaks* 7p Federal Reserve Vice-Chair Philip Jefferson speaksFRIDAY, JULY 17* 8:30a Import price index (June) (prev 1.9% → est -0.8%)* 8:30a Import price index minus fuel (June) (prev 0.8%)* 8:30a Housing starts (June) (prev 1.18 million → est 1.31 million)* 8:30a Building permits (June) (prev 1.41 million → est 1.41 million)* 9:15a Industrial production (June) (prev 0.1% → est 0.2%)* 9:15a Capacity utilization (June) (prev 76.2 → est 76.2%)* 10a Consumer sentiment (prelim) (July) (prev 49.5 → est 50.5)* 10a Home builder confidence index (July) (prev 35 → est 35)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: CPIMONDAY, JULY 13* 5:25a Federal Reserve Vice Chair for Supervision Michelle Bowman speaks* 12:30p Federal Reserve governor Christopher Waller speaksTUESDAY, JULY 14* 8:30a Consumer price index (June) (prev 0.5% → est -0.2%)* 8:30a CPI year over year (prev 4.2% → est 3.8%)* 8:30a Core CPI (June) (prev 0.2% → est 0.2%)* 8:30a Core CPI year over year (prev 2.9% → est 2.9%)* 10a Federal Reserve Chairman Kevin Warsh testifies to Congress* 12:40p Federal Reserve governor Michael Barr speaks* 1p Chicago Fed President Austan Goolsbee speaks* 1:30p Federal Reserve governor Lisa Cook speaks* 2:55p Federal Reserve Vice Chair for Supervision Michelle Bowman speaksWEDNESDAY, JULY 15* 8:30a Producer price index (June) (prev 1.1% → est -0.0%)* 8:30a Core PPI (June) (prev 0.8% → est 0.3%)* 8:30a PPI year over year (prev 6.5%)* 8:30a Core PPI year over year (prev 5.1%)* 8:30a Empire State manufacturing survey (July) (prev 5.7 → est 8.4)* 8:45a New York Fed President John Williams speaks* 10a Federal Reserve Chairman Kevin Warsh testifies to Congress* 1p Federal Reserve governor Lisa Cook speaks* 2p Fed Beige Book* 6:30p St. Louis Fed President Alberto Musalem speaksTHURSDAY, JULY 16* 8:30a U.S. retail sales (June) (prev 0.9% → est 0.2%)* 8:30a Retail sales minus autos (June) (prev 0.8% → est 0.2%)* 8:30a Initial jobless claims (July 11) (prev 215,000 → est 218.000)* 8:30a Philadelphia Fed manufacturing survey (July) (prev 10.3 → est 9.8)* 10a Pending home sales (June) (prev 3.8% → est 0.0%)* 12:30p Dallas Fed President Lorie Logan speaks* 7p Federal Reserve Vice-Chair Philip Jefferson speaksFRIDAY, JULY 17* 8:30a Import price index (June) (prev 1.9% → est -0.8%)* 8:30a Import price index minus fuel (June) (prev 0.8%)* 8:30a Housing starts (June) (prev 1.18 million → est 1.31 million)* 8:30a Building permits (June) (prev 1.41 million → est 1.41 million)* 9:15a Industrial production (June) (prev 0.1% → est 0.2%)* 9:15a Capacity utilization (June) (prev 76.2 → est 76.2%)* 10a Consumer sentiment (prelim) (July) (prev 49.5 → est 50.5)* 10a Home builder confidence index (July) (prev 35 → est 35)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: CPIMONDAY, JULY 13* 5:25a Federal Reserve Vice Chair for Supervision Michelle Bowman speaks* 12:30p Federal Reserve governor Christopher Waller speaksTUESDAY, JULY 14* 8:30a Consumer price index (June) (prev 0.5% → est -0.2%)* 8:30a CPI year over year (prev 4.2% → est 3.8%)* 8:30a Core CPI (June) (prev 0.2% → est -0.2%)* 8:30a Core CPI year over year (prev 2.9% → est 2.8%)* 10a Federal Reserve Chairman Kevin Warsh testifies to Congress* 12:40p Federal Reserve governor Michael Barr speaks* 1p Chicago Fed President Austan Goolsbee speaks* 1:30p Federal Reserve governor Lisa Cook speaks* 2:55p Federal Reserve Vice Chair for Supervision Michelle Bowman speaksWEDNESDAY, JULY 15* 8:30a Producer price index (June) (prev 1.1% → est -0.2%)* 8:30a Core PPI (June) (prev 0.8% → est 0.3%)* 8:30a PPI year over year (prev 6.5%)* 8:30a Core PPI year over year (prev 5.1%)* 8:30a Empire State manufacturing survey (July) (prev 5.7 → est 9.4)* 8:45a New York Fed President John Williams speaks* 10a Federal Reserve Chairman Kevin Warsh testifies to Congress* 1p Federal Reserve governor Lisa Cook speaks* 2p Fed Beige Book* 6:30p St. Louis Fed President Alberto Musalem speaksTHURSDAY, JULY 16* 8:30a U.S. retail sales (June) (prev 0.9% → est 0.2%)* 8:30a Retail sales minus autos (June) (prev 0.5% → est 0.0%)* 8:30a Initial jobless claims (July 11) (prev 215,000 → est 218.000)* 8:30a Philadelphia Fed manufacturing survey (July) (prev 10.3 → est 9.5)* 10a Pending home sales (June) (prev 3.8% → est -0.1%)* 12:30p Dallas Fed President Lorie Logan speaks* 7p Federal Reserve Vice-Chair Philip Jefferson speaksFRIDAY, JULY 17* 8:30a Import price index (June) (prev 1.9% → est 0.8%)* 8:30a Import price index minus fuel (June) (prev 0.8%)* 8:30a Housing starts (June) (prev 1.18 million → est 1.31 million)* 8:30a Building permits (June) (prev 1.41 million → est 1.41 million)* 9:15a Industrial production (June) (prev 0.1% → est 0.3%)* 9:15a Capacity utilization (June) (prev 76.2 → est 76.3%)* 10a Consumer sentiment (prelim) (July) (prev 49.5 → est 50.5)* 10a Home builder confidence index (July) (prev 35 → est 35)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: CPI/ PPI Warsh SpeaksMONDAY, JULY 13* 12:30p Fed Waller Speaks* 2:00 pm Monthly U.S. federal budgetTUESDAY, July 14* 8:30 am Consumer price index June* 10:00 am Federal Reserve Chairman Kevin Warsh testifies to CongressWEDNESDAY, JULY 15* 8:30a Core PPI (prev 0.4% → est 0.3%)* 8:30a PPI (prev 1.1% → est 0.0%)THURSDAY, JULY 16* 8:30a Core Retail Sales (prev 0.8% → est -0.1%)FRIDAY, JULY 17* 8:30 am Import price index June***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: FOMCMONDAY, JULY 6TUESDAY, JULY 7WEDNESDAY, JULY 8THURSDAY, JULY 9FRIDAY, JULY 10* none scheduled ***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

Housekeeping: Good MorningFeatured Analysis: In Other News: Data on Deck: FOMCMONDAY, JULY 6* No major US releasesTUESDAY, JULY 7* 9:45a S&P Global Services PMI (prev 51.3 → est 51.3)* 10a ISM Non-Manufacturing PMI (prev 54.5 → est 54.2)* 11a Fed Waller SpeaksWEDNESDAY, JULY 8* 7a FOMC Member Bowman Speaks* 8:30a Trade Balance (prev -54.60B → est -78.30B)THURSDAY, JULY 9* 2p FOMC Meeting MinutesFRIDAY, JULY 10* 8:30a Initial Jobless Claims (prev 215K → est 218K)* 9a FOMC Member Williams Speaks* 10a Existing Home Sales (prev 4.17M → est 4.20M)* 1:30p Fed Logan Speaks***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern 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

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

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: FOMCMONDAY, JULY 6* No major US releasesTUESDAY, JULY 7* 9:45a S&P Global Services PMI (prev 51.3 → est 51.3)* 10a ISM Non-Manufacturing PMI (prev 54.5 → est 54.2)* 11a Fed Waller SpeaksWEDNESDAY, JULY 8* 7a FOMC Member Bowman Speaks* 8:30a Trade Balance (prev -55.90B → est -78.30B)THURSDAY, JULY 9* 2p FOMC Meeting MinutesFRIDAY, JULY 10* 8:30a Initial Jobless Claims (prev 215K → est 218K)* 9a FOMC Member Williams Speaks* 10a Existing Home Sales (prev 4.17M → est 4.20M)* 1:30p Fed Logan Speaks***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: FOMCMONDAY, JULY 6* No major US releasesTUESDAY, JULY 7* 10a ISM Non-Manufacturing PMI (prev 54.5 → est 54.2)WEDNESDAY, JULY 8* 8:30a Trade Balance (prev -55.90B → est -78.50B)THURSDAY, JULY 9* 2p FOMC Meeting MinutesFRIDAY, JULY 10* 10a Existing Home Sales (prev 4.17M → est 4.20M)* 1:30p Fed Logan Speaks***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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: FOMCMONDAY, JULY 6* No major US releasesTUESDAY, JULY 7* 9:45a S&P Global Services PMI (prev 50.7 → est 51.3)* 10a ISM Non-Manufacturing PMI (prev 54.5)WEDNESDAY, JULY 8* 8:30a Trade Balance (prev -55.90B → est -78.80B)THURSDAY, JULY 9* 2p FOMC Meeting MinutesFRIDAY, JULY 10* 8:30a Initial Jobless Claims (prev 215K)* 10a Existing Home Sales (prev 4.17M → est 4.20M)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com

Housekeeping: Good MorningFeatured Analysis: In Other News: Data on Deck: NonfarmMONDAY, JUNE 29* 12:35p FOMC Member Barkin SpeaksTUESDAY, JUNE 30* No major US releasesWEDNESDAY, JULY 1* 9:45a Chicago PMI (prev 62.7 → est 55.7)* 10a CB Consumer Confidence (prev 90.6 → est 94.4)* 10a JOLTS Job Openings (prev 7.585M → est 7.280M)THURSDAY, JULY 2FRIDAY, JULY 3* Bank Holiday***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern 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

Housekeeping: Good MorningFeatured Analysis: In Other News: Data on Deck: NonfarmMONDAY, JUNE 29* 12:35p FOMC Member Barkin SpeaksTUESDAY, JUNE 30* No major US releasesWEDNESDAY, JULY 1* 9:45a Chicago PMI (prev 62.7 → est 55.7)* 10a CB Consumer Confidence (prev 90.6 → est 94.4)* 10a JOLTS Job Openings (prev 7.585M → est 7.280M)THURSDAY, JULY 2* 9a Fed Governor Warsh Speaks* 3:15p U.S. President Trump SpeaksFRIDAY, JULY 3* 8:30a Nonfarm Payrolls (prev 172K → est 114K)* 8:30a Unemployment Rate (prev 4.3% → est 4.3%)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern 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

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: Nonfarm PayrollsMONDAY, JUNE 29* 12:35p FOMC Member Barkin SpeaksTUESDAY, JUNE 30* No major US releasesWEDNESDAY, JULY 1* 9:45a Chicago PMI (prev 62.7 → est 55.7)THURSDAY, JULY 2* 9a Fed Governor Warsh Speaks* 9:45a S&P Global Manufacturing PMI (prev 55.1 → est 55.7)FRIDAY, JULY 3* 8:30a Nonfarm Payrolls (prev 172K → est 114K)* 8:30a Unemployment Rate (prev 4.3% → est 4.3%)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.comA GoldFix- Competent Investor Joint PresentationTom Bodrovics sat down with Jesse Felder, founder, editor, and publisher of The Felder Report, for a wide-ranging discussion on oil, market sentiment, AI, and where investors may be missing the real opportunity.The conversation focused on the sharp disconnect in today’s energy market. Jesse discussed how oil inventories have fallen toward historic lows while institutional investors remain deeply bearish on the sector. That gap between fundamentals and positioning, he argued, may be one of the most important signals in markets today.They also covered the potential impact of depleted strategic petroleum reserves, future demand for oil, and the geopolitical backdrop that could continue to pressure supply. Jesse explained why energy may still be undervalued even after a strong five-year run, especially as investor attention remains concentrated on AI and a narrow group of technology stocks.The discussion also touched on cash flow, capital discipline, and the broader risk of investors chasing the most crowded parts of the market while ignoring sectors with improving fundamentals.For viewers looking to better understand today’s market setup, Jesse brings a seasoned, contrarian perspective shaped by years in hedge funds, research, and publishing.Tom BodrovicsJesse Felder

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: NFPMONDAY, JUNE 29* 12:35p FOMC Member Barkin SpeaksTUESDAY, JUNE 30* No major US releasesWEDNESDAY, JULY 1* 9:45a Chicago PMI (prev 62.7 → est 60.0)THURSDAY, JULY 2* 8:15a ADP Nonfarm Employment Change (prev 122K → est 118K)* 9a Fed Governor Warsh Speaks* 9:45a S&P Global Manufacturing PMI (prev 55.7 → est 55.7)FRIDAY, JULY 3* 8:30a Nonfarm Payrolls (prev 172K → est 114K)* 8:30a Unemployment Rate (prev 4.3% → est 4.3%)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.comWeek Snapshot: Battle* Day 1- down… OI comes in 1.5k as longs puke* Day 2- down, OI +5k as shorts pile in* Day 3- Longs buy in AM, Shorts sell in PM. OI +7k* Day 4+ 5- shorts add more in down move +1.5k* Day 6- shorts add again 5.5k in down move* Day 7- New Longs buy into short selling- possible fish hook* Day 8- New longs buy into selling- fish hook… banks covered some as well* Failed fish hooks become bear flags* market has to rally tonight or its LIKELY another cycle lower and the news is not good so far on war front.. last time it was bullish for GoldCFTC COT FLOWS* Producers: closed shorts for profits* Endusers: Added to Longs losing* Short Banks: Opened shorts for profits* Long Banks: puked longs lost money* Long Funds: Added to losers* Short Funds: Added to winners* Macro D- Added longs and shorts* Retail: puked longsTerminology:* Closed shorts = winner; Covered shorts = loser* Got Long = Winner; puked longs = loserConclusions:* Producers and endusers are back to regular business* Banks are playing short and getting increasingly confident BUT

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: NFP/ EmploymentMONDAY, JUNE 29* 12:35p FOMC Member Barkin SpeaksTUESDAY, JUNE 30* No major US releasesWEDNESDAY, JULY 1* 9:45a Chicago PMI (prev 62.7 → est 60.0)THURSDAY, JULY 2* 9a Fed Governor Warsh Speaks* 9:45a S&P Global Manufacturing PMI (prev 55.7 → est 55.7)FRIDAY, JULY 3* 8:30a Nonfarm Payrolls (prev 172K → est 114K)* 8:30a Unemployment Rate (prev 4.3% → est 4.3%)***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix intern

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

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 internComment: What China’s Margin Hikes Really MeanThis round of margin increases by the banks is unusual.Normally, banks raise margin requirements after prices have been rising for a long time. They do it to cool speculation and control risk.But this time, margin requirements were raised after gold had already been falling for several months.That is what makes it strange.

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

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.

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 internTechnical Comments:

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: PCE/ 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 internTechnical Comments:

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: FOMCMONDAY, JUNE 15* No major US releasesTUESDAY, JUNE 16* No major US releasesWEDNESDAY, JUNE 17* 8:30a Core Retail Sales m/m (prev 0.7% → est 0.5%)* 8:30a Retail Sales m/m (prev 0.5% → est 0.5%)* 2p Federal Funds Rate (prev 3.75% → est 3.75%)* 2p FOMC Economic Projections* 2p FOMC Statement* 2:30p FOMC Press ConferenceTHURSDAY, JUNE 18* 8:30a Unemployment Claims (prev 229K → est 225K)FRIDAY, JUNE 19* 8a Bank Holiday***Please support Independent Media Buy a hat, mug, or hoodie today*** or Buy a Coffee for the GoldFix internTechnical Comments: