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Scottsdale Mint — Oil’s Sidelined Bid

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News & Analysis:

Data on Deck: CPI

MONDAY, JUNE 8

* No major US releases

TUESDAY, JUNE 9

* 10a Existing Home Sales (prev 4.02M → est 4.07M)

WEDNESDAY, JUNE 10

* 8:30a Core CPI m/m (prev 0.4% → est 0.3%)

* 8:30a Core CPI y/y (prev 2.8% → est 2.9%)

* 8:30a CPI m/m (prev 0.6% → est 0.5%)

* 8:30a CPI y/y (prev 3.8% → est 4.2%)

THURSDAY, JUNE 11

* 8:30a Core PPI m/m (prev 1.0% → est 0.5%)

* 8:30a PPI m/m (prev 1.4% → est 0.7%)

* 8:30a Unemployment Claims (prev 225K → est 220K)

FRIDAY, JUNE 12

* 10a Prelim UoM Consumer Sentiment (prev 48.2 → est 46.1)

* 10a Prelim UoM Inflation Expectations (prev 4.5%)

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Charts and Final Market Check:

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Scottsdale Mint —

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News & Analysis:

Data on Deck: CPI

MONDAY, JUNE 8

* No major US releases

TUESDAY, JUNE 9

* 10a Existing Home Sales (prev 4.02M → est 4.07M)

WEDNESDAY, JUNE 10

* 8:30a Core CPI m/m (prev 0.4% → est 0.3%)

* 8:30a Core CPI y/y (prev 2.8% → est 2.9%)

* 8:30a CPI m/m (prev 0.6% → est 0.5%)

* 8:30a CPI y/y (prev 3.8% → est 4.2%)

THURSDAY, JUNE 11

* 8:30a Core PPI m/m (prev 1.0% → est 0.5%)

* 8:30a PPI m/m (prev 1.4% → est 0.7%)

* 8:30a Unemployment Claims (prev 225K → est 220K)

FRIDAY, JUNE 12

* 10a Prelim UoM Consumer Sentiment (prev 48.2 → est 46.1)

* 10a Prelim UoM Inflation Expectations (prev 4.5%)

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Charts and Final Market Check:

Continues Below…

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Scottsdale Mint — China’s 19-Month Gold Streak

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News & Analysis:

Data on Deck: CPI

MONDAY, JUNE 8

* No major US releases

TUESDAY, JUNE 9

* 10a Existing Home Sales (prev 4.02M → est 4.07M)

WEDNESDAY, JUNE 10

* 8:30a Core CPI m/m (prev 0.4% → est 0.3%)

* 8:30a Core CPI y/y (prev 2.8% → est 2.9%)

* 8:30a CPI m/m (prev 0.6% → est 0.5%)

* 8:30a CPI y/y (prev 3.8% → est 4.2%)

THURSDAY, JUNE 11

* 8:30a Core PPI m/m (prev 1.0% → est 0.5%)

* 8:30a PPI m/m (prev 1.4% → est 0.7%)

* 8:30a Unemployment Claims (prev 225K → est 220K)

FRIDAY, JUNE 12

* 10a Prelim UoM Consumer Sentiment (prev 48.2 → est 46.1)

* 10a Prelim UoM Inflation Expectations (prev 4.5%)

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Charts and Final Market Check:

Housekeeping: Support Independent Media

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Scottsdale Mint — China’s 19-Month Gold Streak

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Data on Deck: CPI/ PPI

* Monday, Jun. 8 No events scheduled

* Tuesday, Jun. 9 Existing Home Sales

* Wednesday, Jun. 10 CPI

* Thursday, Jun. 11 PPI

* Friday, Jun. 12 Michigan Prelim Consumer Survey Jun.-45.548.2

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Charts and Final Market Check:

Full Week:

MONDAY, JUNE 8

* No major US releases

TUESDAY, JUNE 9

* 6a NFIB Small Business Index (prev 95.9 → est 96.0)

* 8:15a ADP Weekly Employment Change (prev 35.8K)

* 8:30a Trade Balance (prev -60.3B → est -56.4B)

* 10a Existing Home Sales (prev 4.02M → est 4.06M)

* 10a Final Wholesale Inventories m/m (prev 0.5% → est 0.6%)

* 4:30p API Weekly Statistical Bulletin

WEDNESDAY, JUNE 10

* 8:30a Core CPI m/m (prev 0.4% → est 0.5%)

* 8:30a Core CPI y/y (prev 2.8% → est 2.9%)

* 8:30a CPI m/m (prev 0.6% → est 0.3%)

* 8:30a CPI y/y (prev 3.8% → est 4.2%)

* 10:30a Crude Oil Inventories (prev -8.0M)

* 1:01p 10-y Bond Auction (prev 4.47|2.4)

* 2p Federal Budget Balance (prev 215.0B → est -276.4B)

THURSDAY, JUNE 11

* 8:30a Core PPI m/m (prev 1.0% → est 0.5%)

* 8:30a PPI m/m (prev 1.4% → est 0.7%)

* 8:30a Unemployment Claims (prev 225K → est 219K)

* 10:30a Natural Gas Storage (prev 95B)

* 1:01p 30-y Bond Auction (prev 5.05|2.3)

FRIDAY, JUNE 12

* 10a Prelim UoM Consumer Sentiment (prev 48.2 → est 46.1)

* 10a Prelim UoM Inflation Expectations (prev 4.5%)

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Scottsdale Mint — Copper: Goldman Raises Price Targets on US Stockpiling

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News & Analysis:

Data on Deck: CPI/ PPI

* Monday, Jun. 8 No events scheduled

* Tuesday, Jun. 9 Existing Home Sales

* Wednesday, Jun. 10 CPI

* Thursday, Jun. 11 PPI

* Friday, Jun. 12 Michigan Prelim Consumer Survey Jun.-45.548.2

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Charts and Final Market Check:

Matthew Piepenburg: Weathering the Storm of Forced Gold Selling and Rising Yields

In the latest installment of the GoldFix-Competent Investor Interview Series, Matthew Piepenburg, Partner at Von Greyerz Gold Switzerland, joined Tom Bodrovics to discuss the medium-term outlook for gold. Piepenburg acknowledged near-term headwinds, including forced gold selling by nations seeking liquidity and rising sovereign bond yields, but argued both ultimately strengthen gold’s long-term case. He contends that gold’s appreciation since 2000 reflects the steady debasement of fiat currencies rather than a traditional bull market. Record central bank buying, accelerating de-dollarization efforts, and growing distrust of sovereign debt are increasing gold’s role as a global settlement asset, while retail investors remain largely underallocated to what he views as the premier vehicle for long-term wealth preservation.

Timestamps

00:00:00 – Introduction00:00:55 – Headwinds: Forced Gold Selling00:04:14 – Rising Yields and Their Impact on Gold00:05:31 – Central Banks Continue Accumulating Gold00:10:11 – Retail vs. Central Bank Demand00:16:14 – Gold Swaps and Repatriation00:21:48 – Geopolitics and Currency Wars00:28:25 – UAE Exits OPEC and the Petro-Dollar Question00:33:22 – Concerns Over Stock Market Valuations00:42:20 – Federal Reserve Liquidity and Inflation00:47:44 – Energy Costs as an Inflation Driver00:51:40 – Concluding Thoughts

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Scottsdale Mint — Copper: Goldman Raises Price Targets on US Stockpiling

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Coming Soon

Data on Deck: Jobs

* MONDAY, JUNE 1 ISM

* TUESDAY, JUNE 2 Job openings April 6.9 million

* WEDNESDAY, JUNE 3 8:15 am ADP employment

* THURSDAY, JUNE 4 8:30 am Initial jobless claims

* FRIDAY, JUNE 5 U.S. employment report

JPMorgan sees 75k jobs being added, versus the Street’s estimate of 85k and 115k jobs in the prior print. For the unemployment rate (U.3) it sees 4.3% vs. 4.3% prior. For Average Hourly Earnings, +0.3% MoM and +3.4% YoY.

The market should be muted in its reaction given the iran war news headline dominance

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Charts and Final Market Check:

Housekeeping: Support Independent Media

Featured Posts on News Sites :

Scottsdale Mint — Copper: Goldman Raises Price Targets on US Stockpiling

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News & Analysis:

Coming Soon

Data on Deck: Jobs

* MONDAY, JUNE 1 ISM

* TUESDAY, JUNE 2 Job openings April 6.9 million

* WEDNESDAY, JUNE 3 8:15 am ADP employment

* THURSDAY, JUNE 4 8:30 am Initial jobless claims

* FRIDAY, JUNE 5 U.S. employment report

* SATURDAY, JUNE 6 Federal Reserve governor Michael Barr speech

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Charts and Final Market Check:

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Scottsdale Mint — Higher in Steps: UBS Sees Copper Marching Toward $15,500

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Coming Soon

Data on Deck: Jobs

* MONDAY, JUNE 1 ISM

* TUESDAY, JUNE 2 Job openings April 6.9 million

* WEDNESDAY, JUNE 3 8:15 am ADP employment

* THURSDAY, JUNE 4 8:30 am Initial jobless claims

* FRIDAY, JUNE 5 U.S. employment report

* SATURDAY, JUNE 6 Federal Reserve governor Michael Barr speech

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Charts and Final Market Check:

Housekeeping: Support Independent Media

Featured Posts on News Sites :

Scottsdale Mint — Higher in Steps: UBS Sees Copper Marching Toward $15,500

Featured Analysis:

News & Analysis:

Coming Soon

Data on Deck: Jobs

* MONDAY, JUNE 1 ISM

* TUESDAY, JUNE 2 Job openings April 6.9 million

* WEDNESDAY, JUNE 3 8:15 am ADP employment

* THURSDAY, JUNE 4 8:30 am Initial jobless claims

* FRIDAY, JUNE 5 U.S. employment report

* SATURDAY, JUNE 6 Federal Reserve governor Michael Barr speech

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Charts and Final Market Check:

* MONDAY, JUNE 110:00 amISM manufacturingMay52.7%10:00 amConstruction spendingApril0.6%11:50 pmMinneapolis Fed President Neel Kashkari speech in South KoreaTBAAuto salesMay15.9 million

* TUESDAY, JUNE 28:55 amCleveland Fed President Beth Hammack speech10:00 amJob openingsApril6.9 million

* WEDNESDAY, JUNE 38:15 amADP employmentMay109,0009:00 amFederal Reserve governor Michael Barr speech10:00 amFactory ordersApril1.5%10:00 amISM servicesMay53.6%2:00 pmFed Beige Book

* THURSDAY, JUNE 48:30 amInitial jobless claimsMay 308:30 amU.S. productivityQ10.8%8:30 amRichmond Fed President Tom Barkin speech

* FRIDAY, JUNE 58:30 amU.S. employment reportMay115,0008:30 amU.S. unemployment rateMay4.3%8:30 amU.S. hourly wagesMay0.2%8:30 amHourly wages year over year3.6%3:00 pmConsumer creditApril$24.8B

* SATURDAY, JUNE 612:00 pmFederal Reserve governor Michael Barr speech