👷‍♀️ Greetings Contrarian!

🚨 WARNING: Instead of the usual wrap-up with less-than-amazing news for a typical Friday, we’ve decided to give you a quick run of what happened with gold, and show you some of the content extracted from the WNA Symposium, as the world leaders in nuclear gather.

📝 Here are the highlights

🧐 Gold — Watching Like a Hawk

📅 WNA WEEK THREAD

📌 Daily Commodity Prices

🧐 Gold — Watching Like a Hawk

Gold miners’ rally faces a key test as August US jobs data looms. July’s weak labor report and Donald Trump’s pressure on the Fed have strengthened expectations for a rate cut this month, sparking $531 million in inflows into the VanEck Gold Miners ETF — its largest since November 2023. The fund, up 90% this year, had seen steady outflows until July as investors feared US growth would derail gold’s rise.

Gold thrives as a hedge against economic weakness, dollar declines, and inflation — all risks if rates fall and tariffs bite. Mining stocks have surged even more than bullion: Barrick is up 75%, Agnico Eagle 90%, and Discovery Silver nearly 500%. Analysts at JPMorgan and Scotiabank see further upside, citing central bank demand and potential Fed vulnerability to political pressure.

Still, risks remain: a stronger jobs report could temper rate-cut bets, while mining shares are more volatile than gold itself. Investors, however, are doubling down on both bullion and miners as safe-haven demand accelerates.

📅 WNA WEEK THREAD:

Happy Speculating!

The Editor

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