Some Positive Footing.

arriba-May-30-2023-11-44-49-9563-PM

Some Positive Footing.


Dear Investor.

 

The Producer Price Index number came in hotter than expected at 0.5% based on month-to-month...market estimate was at 0.3%.

 

We are seeing stubborn and persistent inflation; however, last month´s figure was revised to lower; the adjustment paints a confusing picture.

 

Of course, the argument regarding how many cuts is still alive and well.

Isreal is building up troops, which suggests a possible large-scale attack is in the making. This has raised tensions with allies and has escalation fears once again on the front burner. 

 

Russia is gaining territory as Ukraine lacks the resources to protect against a more powerful enemy. What will happen in these two conflicts? Any significant show of force will most certainly motivate prices.

 

Technically, the gold market is stuck in the middle, with some positive footing for the bulls, but if a breakout fails to materialize soon, the bears will retake control.

 

Short-term: Headlines are your buying opportunities.

 

Long-term: Fundamentals are your guide.

 

Much success to all.  

 

Depository relations:

London - Singapore - United States

Canada - Australia - China - Switzerland

Brinks - IDS - Loomis - The Perth Mint

info@intlmetals.com

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