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Keep an Eye on the Dollar for Next Move in Gold & Silver

Yesterday was the big CPI report. We have a two-step dance here. Left foot in -- that's the CPI -- right foot out, that's gonna be the big boy, that's gonna be the FOMC -- what they do. Then the hop skitch in the center is gonna be the PPI. When we take a look at the gold market, the battleground is crystal clear: it's the 18-day average. Right now, you're under it, but I don't know where the week is going to end up. You're down for the week right now almost 1%.

 

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