GOLD RESILIENT TO PCE

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The PCE data…

has just been released, indicating an increase in inflation across almost all indices. The gold/silver sector is maintaining its positive levels from the morning, with yields reaching the upside target of wave 3… De Mark complete… It’s a confusing phase, but I would like to focus on what I have at my disposal, namely yields and gold/silver, in order to understand and adapt accordingly.

Today’s PCE Inflation Report Summarized:

1. May PCE Inflation RISES to 4.7%, above expectations

2. May Core PCE Inflation RISES to 4.4%, above expectations

3. April PCE Inflation revised HIGHER, to 5.1%

4. April Core PCE Inflation revised HIGHER, to 4.7%

The worst part? This is the Fed’s “preferred inflation gauge.”

The Fed’s preferred inflation metric is literally rising again for the first time since 2022.

US 10 Year Yield now has DeMark Sequential sell Countdown 13 and Setup 9.

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