...these conditions are conducive for Precious Metals (Gold & Silver) to thrive ahead.
....overnight we did not see Silver climb above $30, but given that this is a major resistance, you'd expect that there would be several attempts to successfully test it. And the confidence is there because after weakening to $29.35, it stopped and reverse course and now at $29.70. Follow through buying from China in 3 hours should likely provide another boost for another attempt.
...riding well with SS1 and MMC.
-----------
Our own growth surprises index (which uses 66 indicators) and inflation surprises index (33 indicators) are trying to tell us something.
Typically they move in synch, but so far this year they have moved in opposite directions.
Inflation surprises also saw a U-turn in early 23’ before resuming downward trend after March… but the upward surprise U-turn in early 24’ had persisted beyond March.
Will see whether it goes back down like last year. The growth surprise index currently has the lowest reading in this Fed tightening cycle. Enough said.
are BCMPUSGR index for growth surprise BCMPUSIF index for inflation surprise
