Housekeeping: Good Morning.

“Government intervention only speeds up trend, it cannot reverse trend ”

Topic:

* More Gold Will Go to Asia Whether We Tariff or Not

Market Analysis:

We trust these near real-time pieces from the bank’s CIO office as consistently having two messages.

* The facts and risks as they see them.

* The meta-message if they are/are not reacting by changing price targets

This one also confirms what we have described as to the mechanics of LBMA/COMEX EFP and delivery smelting.

We’ve also added our own personal interpretation as they politely intimate

Full analysis in Premium Post: More Gold Will Go to Asia (if Tariffs)

Related Posts:

Coming Soon:

We’ll let you know….

Data on Deck: CPI, PPI, Retail Sales

* MONDAY, AUG. 11 None scheduled

* TUESDAY, AUG. 12 CPI, Fed Speakers, Budget

* WEDNESDAY, AUG. 13 Fed Speakers

* THURSDAY, AUG. 14 PPI

* FRIDAY, AUG. 158:30 am U.S. retail sales

Charts and Final Market Check: Macro trade closed, hangover from rally. CPI week

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