HIgher Lows

With today's CPI coming in below even the most dovish of expectations, Comex precious metal prices are rallying as future rate hike expectations fall. As we wrote yesterday, these higher prices are allowing higher lows to be painted onto the charts in the the typical bull market pattern.

Again, it's not that complicated. A bull market is revealed by a series of higher highs and higher lows on the chart. We discussed this again yesterday and I wrote about it for Sprott Money, too. Here's the link if you want to read it, though it's mainly a restatement of your Tuesday morning post...

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Key Economic Events Week of 12/11

12/12 8:30 ET CPI and Core CPI
12/12 2:00 ET US federal budget
12/13 8:30 ET PPI and Core PPI
12/13 2:00 ET FOMC Fedlines
12/13 2:30 ET Jerry's presser
12/14 8:30 ET Retail Sales
12/14 10:00 ET Business Inventories
12/15 8:30 ET Empire Fed
12/15 9:15 ET Cap Ute and Ind Prod

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