Lighthouse Canton turns bullish on gold, silver as markets shift from inflation fear to growth fear - GLD News | RalliesLighthouse Canton turns bullish on gold, silver as markets shift from inflation fear to growth fear
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GLD• Lighthouse Canton turns constructive on gold and silver
- Lighthouse Canton turned constructive on COMEX gold, using it as the anchor trade, citing a shift from inflation fear to growth fear.
- COMEX gold traded near USD 4,400, up 7% on the week; a sustained close below USD 4,150 would invalidate the call.
- COMEX silver was framed as the higher-beta add-on; it traded near USD 63.5, up 9.9%, with USD 60 as the invalidation level.
- View pivots on US growth data: July nonfarm payrolls fell 23,000 versus +80,000 expected; May-June revisions totaled -103,000.
- Fed pricing shifted: Sept. 16 hike odds fell to 44% from 62% on Aug. 6, making a hold the marginal base case.
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