GoldFix

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: on most Sundays Founders attend a zoom discussion to discuss the markets from several angles in context of context of that week’s CFTC Report. Most topics are fair game. That recoording is then shared with Premium Subscribers. Note: This week’s two hour+ session enjoyed a very active discussion with...

Housekeeping: Good Morning. “黄金重置是一个过程，而不是一个事件” 与金砖国家的冷战：对黄金和油价意味着什么 标题部分于 4:09 时间开始 文字已转录 FINAL MARKET CHECK Premium: This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit vblgoldfix.substack.com/subscribe

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good Morning. “The Gold reset is a process, not an event” Today: * Discussion: Cold War 2.0 * Analysis: New Silver Bulls Discussion: Cold War 2.0 Premium Analysis: Equity Recap: US equities rallied on Friday after the September jobs report beat expectations. Large caps lagged small caps: S&P 500 (+0...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good afternoon. Hartnett’s Weekly report is presented 3 ways: 1) Video walk-through with commentary 2) Hartnett’s main points broken out below, 3) and original format at bottom. Enjoy.

“黄金的 重估是一个过程，而不是一个事件” “Can silver mine supply meet increasing industrial demand?” [all emphasis and comments added] The silver market is experiencing its fourth consecutive year of structural deficit, driven primarily by increasing industrial demand. This deficit is expected to persist and so notably deplete above ground stocks. A critical question now facing the market is whethe...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good Morning. “The Gold reset is a process, not an event” Today: * Analysis: Silver Supply * Premium Discussion: Silver Charts Premium Analysis: Only Above Ground Stocks Can Save Silver Supply Now Video is intented to be companion piece to this post Charts: News Analysis: Equity Recap: US equities r...

“黄金的 重估是一个过程，而不是一个事件” 讨论的话题 11月以来稳步上升 中国在全球黄金市场中的新兴角色 接下来的 500 美元——可能会更高 美国基金加入涨势 过去两天的市场格局 买家共同关注的焦点：美国大选和美联储降息 500 美元的潜力和 100 美元的风险 关键水平和市场情绪 这对白银和矿工意味着什么 大局观：选举和黄金管制 最后的想法：为不稳定的旅程做好准备 谢谢 Subtitles: * Steady Rise Since November * China’s Emerg...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good Morning. “The Gold reset is a process, not an event” Today: * Analysis: The Next $500 and The Next $100 * Premium Discussion: The Next $3.3Billion of In flows Premium Analysis: The Next $500 and The Next $100 (Transcription attached at Bottom) News Analysis: Equity Recap: US equities closed mos...

石油处于非常危险的境地 The risk to Oil to go higher in price is not just from Israel/Iran risk, but from likely initial compliance by junior OPEC+ members to the recent Saudi warning. This also reflects max pain to short CTAs. Event risk warns of $5 moves either way if war escalates or alternatively if OPEC+ frays more. First the Facts: * Prices are near the lows of their range for the past 3 year...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good Morning. “The Gold reset is a process, not an event” Today: * Analysis: Oil’s Current Situation * Premium Discussion: Oil Deep-Dive Geopol, Flow, Premium Analysis: Oil’s Current Situation The risk to Oil is higher not just from Israel/Iran risk, but from likely initial compliance by junior OPEC...

Housekeeping: Good Morning. “The Gold reset is a process, not an event” Today: * Premium Analysis: Goldman’s Report in Buy-Season context * Discussion: "The ‘secret’ buyer has elevated prices and reset the [Gold] relationship" Premium Analysis: * Goldman raises target from $2700 to $2900 * Goldman Identifies “Secret” Buyer * The Gold Reset is Announced * Goldman Reveals New Gold-Model Fundamentals...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good Morning. Today: * Premium Analysis: Why The UBS Target Raise is Important * Discussion: Why The UBS Target Raise is Important Premium Analysis: Why The UBS Target Raise is important Targets: * •2,750 by end-2024 from 2,600) * •2,850 by mid-2025 (from 2,700) * •2,900 by end-3Q25 (from 2,750) Fro...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good afternoon. Hartnett’s Weekly report is presented 3 ways: 1) Video walk-through with light comments 2) Hartnett’s main points broken out below, 3) and original format at bottom. Enjoy. The Flow Show’s Flow * Between Fed easing and China stimulus inflation will continue taking commods, Gold with...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good Morning. We will be doing a breakdown on Swap dealer risk and roles tomorrow on this program Today: * Premium Analysis: Citi analysis * Discussion: Swap Dealers are Unhedged Bookies Now Premium Analysis: Swap Dealers are Unhedged Bookies Now Quick note: Gold and Silver margins were raised by Co...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good Morning. We will be doing a breakdown on Swap dealer risk and roles tomorrow on this program Today: * Premium Analysis: Bank Commodity Flow Analysis * News: Bretton Woods 3 in Russia? Premium Analysis: Bank Commodity Flow Analysis The Fed delivered a 50 bps cut and highlighted its ‘dual mandate...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good Morning. Today: * Premium Analysis: Spooky Parallels to the 1970s * News: China’s Bazooka Fires Silver Bullets Premium Analysis: Spooky Parallels Between the 1970’s and Now Arthur F. Burns, was Chairman of the Board of Governors of the Federal Reserve System from 1970 to 1978. The paper referen...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good Morning. The Free version is significantly shorter than usual today. Today: * Premium Analysis: Silver Bullet * News: China Bazooka Premium Analysis: Silver Bullet In a report Goldman Sachs published for institutional clients yesterday they said: Prior to the September Federal Reserve meeting,...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: This is long. You’ve been warned Some quotes: Highers Lows in Oi and Price with shorter cycle duration= Event Hoarding.. And they’re baaaaaack..banks must be shitting a brick now as FOMC, bullish as it was, triggered profit-taking but funds starting buying it back up 2 days later. That is predictive...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good morning. Hartnett’s Weekly report is presented 3 ways: 1) Video walk-through with light comments 2) Hartnett’s main points broken out below, 3) and original format at bottom. Enjoy. Main Flow Show Points: * Powell cut was to rescue small biz and prevent them from too many layoffs; no other reas...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good Morning. **Please excuse the false starts today** Today: * Premium Analysis: Powell Killed His Credibility This Week * News: Gold and Silver Charts Premium Analysis: Powell Killed His Credibility This Week Yesterday, in Powell's 50bps Cut is Contradictory we summarized Michael Every’s post Fed...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good Morning. **ONLY OTHER EMAIL TODAY WILL BE PM POST** Today: * Premium Analysis: He Chose inflation **Special Comment: Gold Block Trades** * News: Rundown and recap Premium Analysis: He Chose Inflation Inflation is NOT dead…. it is the lesser evil for Powell now, whether he sees something he does...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good Morning. Today: * Premium Analysis: Fed to Announce Cut at 2p.m. * **Bonus: Goldman’s New Gold Model** * News: Israel Detonates Hezbollah Pagers Premium Analysis: Fed to Announce Cut at 2p.m. * The discussion is over whether the Fed will cut 25 bps or 50 bps. * The rhetoric behind Democrat sena...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good Morning. Today: * Premium Analysis: UBS Maintains * News: G7 mBridge answer, Russian gold, Tax abolition Premium Analysis: UBS Maintains UBS updated its view on Gold on September 12th. In a 2 page note from its CIO it reiterated to clients its current position on Gold post the rally. * UBS main...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com Housekeeping: Good Morning. Today: * Premium Analysis: Short Gold Swap Stress * News: ZH Breaks down a GS silver commen t. Premium Analysis: Excerpted from the Sunday CoT Discussion Sideways/higher week with significant fund churning with long and short funds adding small… But Short swap dealers covered aggressiv...

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com “At least one of them, as was said before, probably more/most of them now. And those that aren't in trouble will frontrun other banks. They're not friends right now. It's an every-man-for-himself situation that's growing. CFTC CoT Report Slide Deck Sideways/higher week with significant fund churning and long/shor...