Jim Welsh: Gold's BIG September Move? Yields Tell the Story!

Jim Welsh of Macro Tides has spent forty years combining technical work with monetary policy, and he arrives with a call the market is not pricing. He thinks the Fed chair sounds more hawkish than expected on Friday, a September hike is still live, and the ten year eventually trades above five percent. On equities he counts five waves up from the March low and expects a pullback rather than a continuation. On gold he sees more upside first, then a lower low, then new all time highs over the next year or two. His views are his own. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 0:00 Introducing the macro strategist 1:01 Why the market looks weak 2:01 Counting the waves higher 2:41 Where a pullback could reach 3:19 What the ten year is signalling 4:02 Why Jackson Hole may disappoint 4:47 The case for a hike 5:27 What nine of eighteen wanted 6:10 Data softer on the surface 6:49 What the market is pricing 7:37 Why it is a close call 8:29 Where gold goes from here 9:32 A lower low before new highs 10:42 Why the dollar could surprise 12:03 Looking a hundred feet ahead #tastylive #federalreserve #gold #treasuries #macro #jacksonhole #elliottwave #dollar #trading #markets tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.