Good Morning. Today is September 2, 2023.

This is Bullion Baron, the weekly precious metals newsletter delivering more content than Santa on Christmas Morning.

Here’s what we got for you today:

1. US Economy Remains Uncertain

2. Gold Ticks Up

3. Expect Another Interest Rate Hike

The Baron's Investment Forecast

Link to forecast methodology.

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A Positive Jobs Report Leaves Unanswered Questions

Stocks responded well after the Job Openings and Labor Turnover Survey (JOLTS) showed a decline, and the lowest JOLTS reading in about 2.5 years. That story is here. 

Recently, stocks have been extremely sensitive to new data. These fluctuations lead experts to wonder whether an impending recession will impact stocks in the long run.

Smart investors continue to prepare for the worst, buying alternative commodities like precious metals.

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Gold Up on Weaker than Expected Data

Gold ticked upward after weaker than expected data was returned relating to jobs and other key indexes. That story is here. 

BB’s motto: Strategic holdings in gold make sense.

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Investors Lament Over Additional Hikes

Powell stated “…We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective." That story is here.

This story is evolving. Many real estate investors continue to worry about real estate becoming increasingly depressed which may lead to a recession.

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Do you remember when?

Here's a little 1960's nostalgia:

“We’re having Beefaroni!”

-Chef Boy-Ar-Dee

On this day in history:

1789: United States Treasury Department established.

1945: Japan formally surrenders aboard the USS Missouri ending WWII.

1963: Alabama Gov. Wallace prevents integration of Tuskegee High School using State Troopers.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research26