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…