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Happy Wednesday, everyone. We just got our latest economic data, and it is very bull-friendly: ice cold (zero, in fact) PPI data and better-than-expected retail data.
 

In spite of this, equity futures are down about half a percent or so, whereas gold and silver continue to absolutely barnstorm the planet, each of them at (as usual) new lifetime highs.

As I’ve mentioned, the /NQ seems to desperately want to explode based that red line I’ve drawn but, five times in a row, has absolutely failed in doing so. This morning, even with the aforementioned bull-friendly data, the /NQ isn’t even bothering to try. As I’m typing this, it’s down over 160 points.
 

Silver, on the other hand, is nearly 7% (!!!) higher. The notion of $100 silver was as silly and laughable a year ago as $1 million bitcoin, and yet it seems completely plausible we’ll cross that level before the week is out!
 

I’ve got myself in 24 different equity shorts and 7 different long put positions. My one idiotic position was shorting GDX (which closed nicely profitable yesterday but will get blown to smithereens at the opening bell). Honestly, getting in front of this precious metals locomotive is just lunacy.

Good luck out there, and let’s see if this SCOTUS thing happens or not!

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