Stocks And Precious Metals Chart - Wash And Rinse
Stocks delivered an express wash and rinse, as a slightly better-than-expected CPI number triggered a rocket rally.
This was the shenanigan that I had been expecting, although it happened more quickly than the usual CPI head-fake wash and rinse.
I thought the rinse cycle would be coming with the FOMC tomorrow.
But we had a change of pace. The wise guys have no shame or fear of consequences.
Gold and silver also rocketed higher and both managed to hold on to some of those gains, short of a real breakout.
The Dollar dumped.
More opportunities for hijinks in the rest of the week.
The oligarchy is audacious.
Have a pleasant evening.
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Disclaimer: These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from ...
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