8.6% vs. est. of 8.3%
USD soars, pm’s crushed.
We all know that gold and silver are worthless in times of inflation, today is no different. At least they’re crushing the SM too.
8.6% vs. est. of 8.3%
USD soars, pm’s crushed.
We all know that gold and silver are worthless in times of inflation, today is no different. At least they’re crushing the SM too.
dive bombing commences before the CPI comes out.
I’d sure like to see this be capitulation…doubtful though.
Windows Bill and Arkansas Bill roads both lead to the same place. The Lolita Express. Both love underage women. So Jeffrey was silenced before he could open his little book of names, notice how that book has never been shared, even the FBI and CIA suppress this info.
Adens put out a weekly report, saying Gold above 1840 is ok/good, reduced from 1850 last week……the print ain’t even dry and the scum have gold below 1840 !!!!!
Plus ystdy’s SM sell off was blamed on a leaked CPI number for tdy ….being well higher….which only in Crazy Joe’s brain is bearish for Gold.
So why sell Gold….etc.
Although I’m not sure it will matter all that much to p.m.’s, and I’m not sure if hotter inflation helps or hurts. If it comes out lower than expected, I’d expect a selloff. If hotter, down too because it means rates are moving up.
I think what I’m trying to say we have zero chance of moving higher no matter what the CPI does.
Maybe we’ll be surprised…
So you think it’s easy to run a locomotive?
Control stand of an old Swiss ‘Crocodile’ loco.
https://railpictures.net/photo/790924/