Loading ...Silver bouncing back nicely, up near 2%, and above $33. Gold a little tentative, up .5%
The shares that are trading aren’t really moving much though, which begs the question, why did they get hit so hard yesterday?
SM futures down a little, oil flat, Bitcoin flat, rates down 2 bips.
Not sure I trust pm’s, especially gold, to hold these small overnight gains, simply because of the way the shares got tagged yesterday on heavy volume.
Might be up to silver to do the heavy lifting, and that’s not a good thing to rely on.
Eco data today includes the CPI. Probably will move things around. I’m not sure what pm’s want from that, soft or hot inflation.