Trump is badgering Powell relentlessly about interest rates. Aside from being great theater, the odds are near zero that the Fed will cut in June, and very small that they’ll cut in July.
Traders are increasingly bidding up silver, platinum, and palladium as they look to bridge the widening gap between gold's record-setting outperformance and the other precious metals' lag.
The market really hasn't given up very much when you look at it visually. On a short-term basis, you have a higher high and a lower low — that is not a trend.
