Today's CPI was mild and bland and this has helped to spur the Comex metals slightly higher. Remember, the official "dual mandate" of the Fed includes 2% price inflation so anything below that level leads their fuzzy-headed academics to conclude that monetary conditions are too tight.

...

(For newsletter subscribers, this is a free public post.)

We've got a lot to do today so it all begins with an early start. And that's just fine because there's a lot going on.

Let's dive right in as the Comex just opened and already the digital versions of the metals are...

I had hoped that a return of Chinese markets would help to reverse the non-stop uptrend that The Pig (POSX) has sustained ever since the FOMC two weeks ago. Nope. At least not today.

We discussed this relentless bid for The Pig last week and it's actually quite curious. In a small way...

We look to end the week on an interesting note as the Comex metals bounce back while the bond market continues to rally and the "stock market" continues to back off. What will next week bring and how will a return of China affect things?

For today, things are mostly quiet as there have...

A quick scan of the homepage reveals multiple references late last week to an impending pullback. And here we are. However, the Chinese New Year holiday ends soon and multiple technical signals are providing support in the short-term so perhaps this current decline has nearly run its course....

Now that Trump's meaningless SOTU address is behind us, we can begin to focus upon much more important speeches that are coming in the hours ahead.

First, this evening brings Chief Goon Powell with a speech in Virginia at 7:00 pm EST. Tomorrow morning brings his right hand man, Goon...

It has been three weeks since we focused upon palladium...and it has been an eventful three weeks for our new friend. He's been punched lower but has crawled up off the mat each time. And now, he appears ready to make another batch of new alltime highs!

If you've been following along,...

Chinese New Year is this week and, as with Golden Week in October, you never know precisely how the Comex metals will respond to the Chinese markets being on holiday.

Already last evening, the USDCNH rose sharply...meaning a weakening versus the dollar. Whether this is some follow-...

Short on time this morning and there's no sense in discussing the CoT so just a few quick charts to start your weekend.

First of all, check the beauty of the weekly chart for CDG. We're probably due for some temporary weakness and maybe the week-long Chinese holiday will do it. We'll...

Today's BLSBS...and the 35% reduction reported for January...leaves us laughing. And it appears that many others are starting to catch on to the BLS' monthly shenanigans.

Recall that the January number of jobs was reported to be 314,000 and this "robust" number was used as cover to...

If you've been following along since late last year, then you know there is nothing about the current action, economic climate or Fed policy that is unexpected. Therefore, it's very important to note that this is still just the initial rally of 2019 . There will always be...