Loading ...In London no less. It’s still very early and there is a retail sales number coming in a couple of hours that could leave a mark, but gold up $20 is not what I expected to be sure. Silver up $.20 – still the weak sister, and $.20 can be erased in a nanosecond. Nevertheless, I’m surprised.
Dollar flat, rates down 4 ticks (might be the reason for pm strength), oil down almost 1%, Bitcoin down at the moment but that’s from $65K overnight – back to $63. The other metals are down. SM flat.
They set the bar low for retail sales, so they’ll probably beat.
Clearly, I have no idea how to predict the future, so we’ll wait and see what they give us.