The world’s second-largest consumer of the precious metal, almost all of which is purchased from abroad, has asked the Finance Ministry to consider reducing the tariff to about 10% from 12.5%...
Of course there will be a huge battle here. There will be corrections along a generally trending, climbing price action. This is an environment where you can make a lot of money.
When I was younger, I was taught that if you cannot say something nice, don't say anything at all. Well, when many of you have asked why I have not written about metals in quite some time, now you know the reason.
Getting ready for a very active week. CPI on Tuesday, FOMC and Wednesday. For the CPI, looking at the breakdown because on one hand you have had the energy price crash.
Sentiment data and PPI will dictate today's action leading into next week's FOMC meeting. Volatility will get rather big over the next week and half and then die off.
