Gold Is Screaming “Help!” While the Fed Fiddles and the Economy Cracks

The Fed Is Out of Ammo—and Out of Touch

The week started off looking like business as usual. The U.S. GDP came in at 3% for Q2, which sounds great—until you remember that number is pumped up by volatile trade figures. It’s like saying your truck runs great… downhill.

Then the Fed held rates steady and Powell came out, as usual, with a word salad that meant nothing. “We have made no decisions about September,” he mumbled. Translation? The Fed has no clue what’s coming next—and they're hoping you don’t notice.

But then Friday hit like a hammer.

The July jobs report was a disaster. Only 73,000 jobs were added. Worse, the past two months were revised down so badly that we now know just 14,000 jobs were created in June and 19,000 in May. That’s not a slowdown—that’s a stall.

Suddenly, Powell’s “no decision” feels about as relevant as a Blockbuster card.

This kind of weakness in the labor market is the Fed’s nightmare. Their whole “we won’t cut rates” act depends on the illusion of a “strong” job market. That illusion just popped like a cheap tire.

Wall Street Is Finally Catching Up

I’ve said it before: gold doesn’t need permission to rise—it just needs an excuse. And this week, it got one.

Every single analyst in the latest Kitco gold survey turned bullish. Not one bear in sight. That's rare. Wall Street’s starting to wake up to what many of us working-class folks have known for years—this economy is a house of cards built on debt and denial.

And it’s not just the jobs numbers. The technical picture is lining up, too. Daily momentum indicators have cooled off, giving gold room to run. As one analyst put it, there’s “plenty of scope for upside momentum.”

In plain English: the rubber band is stretched, and gold’s about to snap higher.

Tariffs: Fuel on the Fire

Let’s talk about trade. President Trump just ramped up tariffs again—15% more on Europe and Japan, and even steeper hikes for countries like Canada (35%), India (25%), South Africa (30%), and Switzerland (39%).

You don’t need a PhD in economics to know what this means: less global trade and less demand for U.S. dollars.

And when countries ditch the dollar, where do they turn? Gold. Always has, always will. As Chris Vecchio put it, “nations will do fewer trades with U.S. dollars, so I would expect gold to continue doing well.”

Exactly. The world’s moving toward sound money—and away from fiat debt traps like the U.S. dollar. Gold is reclaiming its role as a global monetary asset, not just a shiny metal.

Safe-Haven Season Has Begun

Every time there's geopolitical drama—whether it’s tariffs, rate cuts, or another bank quietly going belly up—gold gets a boost. And right now, there’s no shortage of uncertainty.

The December gold contract just entered a new uptrend. That's not just trader talk—it's a signal. A signal that smart money is moving into gold before the next shoe drops.

Some analysts are eyeing $3,440 as the next stop. I think that’s conservative.

With inflation still eating away at your paycheck and the Fed boxed into a corner, gold isn’t just an investment—it’s a lifeline.

Here’s What You Need to Do—Now

Look, I’m not here to scare you for fun. I’ve been around long enough to know when the warning signs are real—and they’re screaming right now.

If you’ve been sitting on the sidelines, hoping this madness will fix itself, I’ve got bad news: it won’t. The government’s not coming to save your savings. The banks sure as hell aren’t. And the Fed is too busy playing word games.

You have to act.

Download Bill Brocius’ free eBook, “Seven Steps to Protect Yourself from Bank Failure”, and get your plan together: Click here to get the eBook

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We’ve seen this play out before—fiat currencies fail, governments scramble, and gold comes out on top. Every. Single. Time.

Don’t wait for the collapse to start taking action.

Gold’s not just rallying—it’s warning us. Listen while you still can.