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Housekeeping: Founders Early Look. This recording will be released to Premium Subscribers later in the week. The report discussed is here

Read, listen, or follow along as requested by 2 Founders who drive more than they’d like to and cannot read.

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Find attached:

* A dry read through of Goldman’s latest Metals report focusing on Copper and Gold with substantive implications for Silver.

* Exhibits.

* GoldFix comments where appropriate, are isolated at the end of each section to minimize flow interruption.

Thank you.

Topic Timestamps:

0:00- A turn in the industrial cycle.

2:16- China’s green policy put.

4:53- Europe’s price stimulus.

6:52- Copper’s supply shock progresses.

10:40- Gold’s bullish reawakening.

* 13:30 - Extended translation/ Gold comment.

21:18- Aluminium’s China import surge.

24:30- Iron ore’s sobering sell-off.

27:26- Final word on this report’s implications.

Exhibits 1 through 19: