[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Erik Bregar [@ErikBregar](/creator/twitter/ErikBregar) on x 1611 followers Created: 2025-07-18 13:47:38 UTC AM Update 7/18/2025 #SilverGoldBull #XAUUSD +0.45% #XAGUSD +0.50% #XAU $XAU #XAG $XAG Indeed a continued leak lower for the gold/silver ratio overnight, thanks to Fed Waller laying out his case for a 25bp rate cut in July. This got risk-on USD sales going out of the gates in Asia, and gold didn't really join the party to the upside until stocks took a breather at the European open. This overnight precious metal advance honestly feels a bit out of place given that July rate cut odds haven't moved at all from the sub X% region, and I don't think I've ever seen the Fed surprise markets by making a rate move that wasn't at least XX% priced in...and so I think some consolidation of these overnight moves would now not be surprising. This morning's much stronger-than-expected June US Housing Starts & Building Permits data was largely a non-event; if anything some start-of-hour algo selling at 9amET had a bigger impact. Silver is now underperforming as palladium and platinum fall XXXX% & XXX% off session highs. Up next are the July Michigan numbers at 10amET. Today is also the last day we can have Fed-speak ahead of the blackout period in advance of the July XX FOMC meeting.  XXX engagements  **Related Topics** [xauusd](/topic/xauusd) [stocks](/topic/stocks) [united states dollar](/topic/united-states-dollar) [fed rate](/topic/fed-rate) [fed](/topic/fed) [$xag](/topic/$xag) [$xau](/topic/$xau) [Post Link](https://x.com/ErikBregar/status/1946205222096802001)
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Erik Bregar @ErikBregar on x 1611 followers
Created: 2025-07-18 13:47:38 UTC
AM Update 7/18/2025 #SilverGoldBull
#XAUUSD +0.45% #XAGUSD +0.50% #XAU $XAU #XAG $XAG
Indeed a continued leak lower for the gold/silver ratio overnight, thanks to Fed Waller laying out his case for a 25bp rate cut in July. This got risk-on USD sales going out of the gates in Asia, and gold didn't really join the party to the upside until stocks took a breather at the European open. This overnight precious metal advance honestly feels a bit out of place given that July rate cut odds haven't moved at all from the sub X% region, and I don't think I've ever seen the Fed surprise markets by making a rate move that wasn't at least XX% priced in...and so I think some consolidation of these overnight moves would now not be surprising. This morning's much stronger-than-expected June US Housing Starts & Building Permits data was largely a non-event; if anything some start-of-hour algo selling at 9amET had a bigger impact. Silver is now underperforming as palladium and platinum fall XXXX% & XXX% off session highs. Up next are the July Michigan numbers at 10amET. Today is also the last day we can have Fed-speak ahead of the blackout period in advance of the July XX FOMC meeting.
XXX engagements
Related Topics xauusd stocks united states dollar fed rate fed $xag $xau