Silver Leads Precious Metals Higher Ahead of Warsh as Gold
In the hours before Fed Chair Warsh's Jackson Hole keynote, Gold is sitting essentially flat while Silver (+2.01%, above 70) and Platinum (+2.64%) both push higher, compressing the gold-silver ratio further to 65.14. Gold has been the most crowded long across CFTC-tracked positioning in recent weeks, and it's also the metal most directly tied to the debasement and Fed-independence trade this speech is meant to test.
CAD Survived the Tariff Shock. Can GDP and Warsh Push USD/CAD Back Below 1.3730?
USD/CAD has stabilized after absorbing the initial tariff shock, but Friday brings two catalysts operating on completely different axes — Canadian GDP tests whether the BoC can mainatin patience, while Warsh's Jackson Hole speech tests whether the Dollar deserves a smaller or larger credibility discount.
Dollar Bounce Lacks Conviction as Aussie Extends Rally Ahead of Warsh
Why Dollar's steadying looks like positioning ahead of Friday's Warsh speech, while Aussie's rally is being driven by genuinely new information
What's happening: Dollar steadied...
Bessent Put vs. Fed Independence: Two Forces Fighting Over Treasury Yields
The "Bessent put" and Fed independence are two distinct market beliefs that can push the same Treasury yield in opposite directions — one through supply and liquidity mechanics, the other through credibility and inflation expectations — and Friday's Warsh Jackson Hole speech is the next test of which force dominates.
