Loading ...Although I thought it was all about CPI yesterday, when we got pm positive numbers.
Anyhoo, for some reason the USD is spiking and causing some discomfort in the metals across the board. All of the industrial metals are down, so silver decided to join and then lead the way.
GLD is only down $.20, but SLV is down $.40 to $22.90. I use SLV because I think silver’s line in the sand – which must hold – is $22.50. It was worse earlier with SLV down $.50
Shares are down, nothing too crazy. Rates up 1.5 bips. Oil up $.40
Nothing else of significance to report. We wait for PPI in a couple of hours.