Another day of Jul22 silver liquidations dragged prices lower once again. Tomorrow brings what is alleged to be "The Fed's favorite indicator", the PCE. Maybe the latter part of the week will be better than the first three days? We'll see...
For today, just a general discussion of the day's events, the CoT structure and the current forecast of rate CUTS beginning as soon as Q1 2023.
After that, these screenshots and charts:...
