PMs Take A Breather

It has been quite a pair of days in the midweek. Both PPI and CPI loomed and any fresh surge of inflation had the potential to knock back Comex PM prices. Instead, we got strong rallies and healthy gains.

Which leads us to today...and a breather. We need a day to consolidate those gains and digest all of the news and the new price levels. Can we hold here and extend or will The Banks be able to paint double tops versus a month ago? The price action tomorrow and into the weekly close will go a long way toward answering those questions.

And there's not much scheduled news...

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Key Economic Events Week of 6/10

6/12 8:30 ET CPI and Core CPI
6/12 2:00 ET FOMC Fedlines
6/12 2:30 ET Jerry's presser
6/13 8:30 ET PPI and Core PPI
6/14 8:00 ET Some Random Goon
6/14 10:00 ET Prelim UMich

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