Loading ...almost appears as if the inflation trade is back in vogue.
Probably what’s dragging silver stubbornly higher this am. The SM too.
Trump plays these markets like a fiddle. Supposedly this SM rally is on because he said he had “no intention of firing Powell” yesterday.
Rates down over 7 bips this am in the most important market in the world.
edit: Gold is now $45 off the lows in the overnight market of $3291. If it recovers and continues higher, I’m not sure I’ll be able to believe it.
There is just no way they are going to allow silver to pop $33, the world must implode if silver is allowed to trade freely. Craziness.