Housekeeping: Good Morning.

The reset is a process, not an event

Topics:

* Goldman Sachs’ Gold Primer: Conviction Flows and Market Structure

* Jackson hole cursory prep

Market Analysis:

As shown in the 1970s, conviction can propel gold far beyond conventional limits, reinforcing its role as a hedge against policy weakness and geopolitical risk.

Full analysis in Premium Post: The Ultimate Gold-Market Primer

Related Posts:

Coming Soon:

Data on Deck: Housing/ Jackson Hole

* MONDAY, AUG. 18 10:00 am Home builder confidence

* TUESDAY, AUG. 19 8:30 am Housing starts July

* WEDNESDAY, AUG. 20 2:00 pm Minutes of July FOMC meeting

* THURSDAY, AUG. 21 PMIs , Housing data

* FRIDAY,AUG. 22None scheduled

Community Chat:

Charts and Final Market Check: Moving Averages in play again

Jackson Hole. From what was read, Markets are expecting a very dovish Powell based on STIRS, and the anticipation of further revisions downward in employment. Its quite possible that the reason Gold and silver ran so hard yesterday was in part because they were lagging stocks optimism, but now are joining the fray a little.

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