Phil Streible
Gold futures trading back above $5,000/oz after soft US inflation data lifted hopes for further interest rate cuts, erasing Thursday's losses.
Phil Streible
Best performers were Russell 2000 and gold market, reaffirming with lower bond yields that a stagflationary type event is playing out.
Phil Streible
Traders watching ADP payroll data Tuesday and Fed minutes Wednesday for fresh read on economy.
Phil Streible
Gold up 17% YTD with ETF flows positive; silver ETF flows negative YTD, unable to eclipse 2025 peak.
Phil Streible
Silver rangebound between 70-80 level with 82.67 key resistance.
Phil Streible
Interest rate cut expectations: 7.8% for March, 29% for April, 65.8% for June, ~100% priced in for July.
Phil Streible
10-year Treasury yields down at 4.05%, declining significantly.
Phil Streible
Keep eye on energy (6% of CPI) at $62.88 up 13 ticks.