Advisor Metals Precious Metals Market Update for August 1, 2025
What a week! What a week!
First off, silver did reverse to the mean being down 3.73% this week and is holding the 50-day moving average and is way above the 200-day moving average.
Gold reversed to the upside after the “pause” that we described last week and was up 1.92% on the week and is also holding the 50-day moving average and is way above the 200-day moving average.
The Dow Jones Industrial Average (DJIA) was down 2.92% on the week and is holding its 50-day moving average and is above the 200-day average which has begun to flatten. However, it was down every day this week and it has not done that since the third week of April this year. The Dow Jones Transportation Average (DJT) was down 7.7% on the week, below its 50-day and 200-day moving averages, and was down four out of five days. The Dow Theory coming to fruition???
A lot of economic news this week. On Wednesday, the second quarter Gross Domestic Product (GDP) came in at +3% for the quarter and the GDP Price Deflator came in at +2.1% and the analysts were shocked! shocked! that the numbers were so great.
Also on Wednesday, Jerome Powell and the Federal Open Market Committee (FOMC) kept the benchmark interest rate unchanged.
On Thursday the FED’s favorite inflation gauge the core Personal Consumption Price Index (PCE) number came in at +.3% for June and +2.8% year-over-year which was a touch high though okay.
Then on Friday, the employment number for July was released and “only” 73,000 jobs were created and the May and June numbers were adjusted down significantly while the unemployment rate inched up .1% to 4.2%.
Stay the course and hold metals for their hedging of stock market and US dollar declines, and global uncertainty.
Until next time…