Stocks were rallying hard up to new highs today, on a largely in-line inflation number.

Except for core inflation which came in a bit hot.

This is a bubble.It has all the hallmarks.

Do not try to get in front of it.But be mindful when the rest around you go mad.

Gold and silver bounced a little bit, even as the Dollar fell back on the prospect of interest rate cuts in September.

Have a pleasant evening. 

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