Please Follow us on Gab, Minds, Telegram, Rumble, GETTR, Truth Social, Twitter
Gold and silver both dipped in price earlier this week (did you buy the dip?) and then resumed their upward momentum as the week progressed.
The significant economic report this morning was the August Employment Report. It showed less than expected hiring and the last two months had downward revisions.
Earlier this week the manufacturing index for August was released and continues to be below the reading of 50 which means a contracting economy. Can you say recession?
On September 18th the FED will have the their FOMC (Federal Open Market Committee) meeting announcement. Will there be a 25 basis point rate cut or a 50 basis point rate cut? Cut too much and possibly create more inflation. Cut not enough and the economy slows down more. By a show of hands who wants to be Jerome Powell?
Until next time…
Subscribe to our evening newsletter to stay informed during these challenging times!!
