The first chart below shows exactly what is wrong with the artifically rigged bubble economy in the US.
It has been essentially stagnant for 90% of the American people for quite a long time.
This has a deleterious effect on aggregate demand.
Everything else is commentary.
Deliveries for the September precious metals contracts have begun as shown below. JP Morgan was the heavy hitter in the delivery of gold, but with the usual suspects were takers on silver.
Non-Farm Payrolls on Friday.
Have a pleasant evening.
