Comments from Fed chairman Jay Powell and a host of other current and former central bank policymakers this week suggest a rate cut could come in September.
The federal government spent $140.2 billion paying interest on the national debt in June. That is just over 30 percent of the month's total tax receipts.
We know change is coming. The question is how it will happen. The debt crisis will bring some very tough choices, but they may be only part of a longer list.
Gold consolidated above the psychologically important $2,400 level, on the back of markets starting to price in a interest rate cut in the US for September.
We can debate whether or not price inflation is really dead, however, this CPI report creates the impression that it's time to start performing last rights.
Given supply-demand dynamics and historical prices, Maharrey suggests platinum as a speculative addition to gold and silver. Rising demand and supply deficits may boost returns soon.
It's notable that markets only react to the initial numbers. You never see a gold rally because the BLS erased a bunch of jobs from the economy with a few clicks of its calculator.
