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** Market Conditions Alert
**
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Markets are trading cautiously as
corporate earnings reports are released this month. Home Depot reported weak
earnings this morning, and other big box retailers will report their second
quarter results later this week.
Meanwhile, Jerome Powell will provide
his economic outlook later this week at the Fed's annual Jackson Hole
meeting.
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Market participants are
watching closely for any further hints the central bank will resume rate cuts in
September after almost a one-year pause.
Gold and silver trade in
range and mostly sideways as the summer nears its end.
Demand in the retail
bullion market is modest at present with a balance of buyers and sellers. Premiums
are at multi-year lows.
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Yesterday Money Metals
announced an expansion
of its popular loan service which enables folks to access cash from their gold
and silver without selling or paying capital gains taxes.
To be clear, this loan program is not
appropriate for -- or of interest to -- most precious metals holders; however it's
extremely advantageous for those investors and business owners who need
the option... and there is no other outlet that provides such advantageous terms.
Learn
more here.
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Other Great Options to
Consider
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This copyrighted material may not
be republished without express permission. Offer only available through email
promotion. Offer does not apply to previous orders and may not be combined with
any other offer or program. Special shipping rates or other restrictions may apply
to international orders. The information presented here is for general educational
purposes only. Money Metals Exchange and its staff do not act as personal
investment advisors. Nor do we advocate the purchase or sale of any regulated
security listed on any exchange for any specific individual. While our track
record is excellent, investment markets have inherent risks and there can be no
assurance of future profits. You are responsible for your investment decisions,
and they should be made in consultation with your own advisors. By purchasing from
Money Metals, you understand our company is not responsible for any losses caused
by your investment decisions, nor do we have any claim to any market gains you may
enjoy. Money Metals Exchange is not a regulated trading ???exchange??? as defined by
the CFTC and the SEC.
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