Please Follow us on Gab, Minds, Telegram, Rumble, GETTR, Truth Social, Twitter   

You can’t keep a good market down. My mantra is that nothing goes up or down in a straight line. The physical precious metals this week showed that. As of this writing, gold is up .67% for the week and silver is up .50% while the Dow Jones Industrial Average (DJIA) is up .005% for the week. The metals doing what they do best. Hedging the downside while providing a potential upside. Silver remains above its 50-day moving average and gold is a about four dollars an ounce below its 50-day moving average and looks to close above it today.

Two significant economic reports were released this week. On Thursday, the final first quarter 2024 GDP revision showed a 1.4% gain in line with expectations yet down significantly from the fourth quarter of 2023 GDP of 3.3%. On Friday, The Personal Consumption Expenditures (PCE) number for May was up.1% from May and the core (less food and energy) was up 2.6% from a year ago. This is the FED’s favorite inflation gauge. The slowing economy has lowered interest rates which reduces the carrying cost of metals and supporting prices. Buy the dip!

CONTACT ADVISOR METALS HERE TO GET YOUR FREE GUIDE TO INVESTING IN PRECIOUS METALS!

‘NO AD’ subscription for CDM!  Sign up here and support real investigative journalism and help save the republic!‘  

• European Parliamentary Elections See Dramatic Shift To The Right
• Scandal And Chaos: Romanian Elections Plagued By Corruption And Violence
• Orban Says EU Parliamentary Elections Are A Chance To Stop The War Before It Escalates To World War III