IGWT Precious Metals Recap, week of June 12
Incrementum Active Aurum Signal: Defensive ๐ก๏ธ
W/W change:
๐ฅ Gold (USD): 4,218.77 | -2.54%
๐ฅ Silver (USD): 67.98 | 0.24%
โ๏ธ G/S Ratio: 62.06 | -1.77
โ๏ธ GDX (USD): 80.03 | 1.51%
โ๏ธ SIL (USD): 81.68 | 3.03%
Two inflation prints in two days: CPI at 4.2%, PPI at 6.5% - largest since November 2022. Miners and silver held while gold pulled back. This is positioning ahead of Warsh's first FOMC on June 16-17. The fundamentals haven't moved.