The Comex PMs…and just about everything else…were set soaring this morning after the latest CPI report came in tamer than expected. The idea of muted inflation sent rates plummeting and the likelihood of any more fed funds rate hikes fell to near zero.
This, of course, does NOT mean that it’s going to be nothing but sunshine and lollipops for us going forward. We still have all of the Dec23 expirations to deal with later this month. However, the potential exists for a decent year end rally that will should continue in Q1 2024.
For today, this brief video from Chris…
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