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.
Today's CPI report is like getting a big FOMC report. It's either going to give validity to the idea that the Fed is going to skip -- they won't pause -- the new word is skip: to stop and take a look at the things around them.
To refresh your memory, the red line is the Fed’s 2% inflation target to be achieved by effectively strangling the economy via interest rate increases. Are we there yet? No.
This is going to be a huge week for gold between the CPI numbers and the Fed decision. Pause, Skip, Hike: it's one of the three that the Fed are going to do.
There are many reasons to own lots of gold and silver (and mining stocks). De-dollarization, stagflation, empire transition, rampant debt, etc. The list is substantial.
