Loading ...Interesting start to the morning. Silver above $30 and gold bearing down on $2700 as the dollar is down against the Yen, but flat overall. More importantly, the 10 year is softer by 2 bips. Oil up a little, Bitcoin as well. PM shares are steady with GDX and GDXJ up around 1%.
None of this matters because in a little more than an hour the eco data kicks off with the CPI. PM’s will need soft numbers at best, in-line at worst. Any hot numbers will collapse everything IMHO.
Captain said he thought they’d be soft. I have no clue.
I’m pretty sure there’s another Fed meeting this month, so we have that to contend with as well.