Advisor Metals Precious Metals Market Update for September 5, 2025
The FED’s academic PhD’s are wrong again. As I have written previously, they use antiquated academic economic models. This morning’s employment report for August showed that only 22,000 jobs were created last month and the unemployment rate inched up .1% to 4.3%. On the positive side, 84% of the 500,000 new jobs created since the start of this Trump Administration have been in the private sector.
The only reason that I can see, besides politics, as to why Powell has not lowered interest rates is the Core Personal Consumption Expenditures Price Index (PCE) being above the Fed’s 2% inflation target. Although it is less than 1% above the FED’s target at a 2.9% annual rate. Unlike in the Biden Administration when it went over 7%! My thought is that the PCE will moderate.
Getting to the charts. Gold was up 3.52% on the week, silver +1.87%, and the Dow Jones Industrial Average (DJIA) was down .32%. The 50-day and 200-day moving averages for gold and silver continue to be upsloping. Both gold and silver have gotten ahead of their shorter period 50-day moving averages and a pullback to their 50-day moving averages may be in the offing. An opportunity to purchase more! The DJIA has also gotten ahead of its 50-day moving average and may be in for even more of a pullback. I say that since its 200-day moving average, that the big players look at, has been flat for many weeks.
Until next time…