It's just another down day in the Comex precious metals after a very slightly stronger CPI (due higher used car prices) sends the POSX soaring and the PMs dumping. When can we just take the rest of the year off? Can we start on Thursday?
Oy. The Old Man is running out of gas. A full year spent getting interested in a PM rally, only to have the plug pulled by some one-tick beat in the data. Last week it was a slightly better than expected BLSBS. This week, it's the CPI. Oh death, where is thy sting?
If you're interested in reading all about the CPI, then ZH always...
