Housekeeping: Good Morning.

“Strategy is just tactics on a longer timeline”

Topics:

* Bullion Bank Hates the Gold, But Raises its Target

* Trump's Copper Tariff Hike in Context (starts 5:15)

Market Analysis:

Despite geopolitical and fiscal tailwinds, HSBC says the $3,500/oz ceiling holds unless new shocks emerge. The revised forecast underscores a behavioral paradox: higher targets, yet a lower conviction on sustained upside. Which is the signal, a raised target, or a lower outlook.

Full analysis in Premium Post: HSBC Raises Gold Price Target, Then Gets Bearish

Related Posts:

Coming Soon

Final market check

Data on Deck: FOMC Minutes

* MONDAY, JULY 7 None scheduled

* TUESDAY, JULY 8 3:00 pm Consumer credit

* WEDNESDAY, JULY 9 2:00 pm Minutes of Fed's May FOMC meeting

* THURSDAY, JULY 10 8:30 am Initial jobless claims, Fed speakers

* FRIDAY, JULY 11 2:00 pm Monthly U.S. federal budget-$66B

* Full calendar

Charts and Final Market Check

Copper jumps on Trump’s tariff threat. .Silver bounces, but remains susceptible to new selling in the form of Copper/Silver spreading… ultimately leading to another 4-5% day higher when Silver shorts realize that was a bad idea…

Meanwhile, gold largely shrugs off the potential tariff war uptick… thats not good.

Conclusion?- the goldsilver ratio may keep dropping even in a sideways choppy market for the actual metals.

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