Peter's Blog

The once-red-hot U.S. labor market is cooling at the edges. The Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS), released July 29, shows total openings falling to 7.4 million in June—a 4.4 percent openings rate. Hiring was flat at 5.2 million, while total separations came in slightly lower at 5.1 million. […]

Consumers may be breathing a small sigh of relief, but they’re hardly celebrating. The University of Michigan’s latest “Current versus Pre-Pandemic Long-Run Inflation Expectations” update, released Friday, shows the median expectation for inflation over the next 5 years dipping to 4.0 % in June after topping out at 4.4 % in April. While that is […]

Please note: the CoTs report was published 6/27/2025 for the period ending 6/24/2025. “Managed Money” and “Hedge Funds” are used interchangeably. The Commitment of Traders report is a weekly publication that shows the breakdown of ownership in the Futures market. For every contract, there is a long and a short, so the net positioning will […]

Last night, Peter took to YouTube for a special livestream on gold’s recent price action and a few headlines from early this week. He argues the mainstream media and retail investors seem to have lost sight of the metal’s explosive potential. While everyone else is busy hyping Bitcoin, the smart money is piling into gold, […]

Last week Peter joined Oliver Renick on his show, “Market on Close,” on the Schwab Network. They discuss gold’s stellar year in 2024 and where the metal is heading, and Peter also comments on the price of crude oil, treasury yields, and the Fed’s recent rate cut. 

This analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. It is meant as an analysis on potential price direction in the very short-term (a few weeks to 1-2 months).