TFMR Podcast – Tuesday September 10th

The first two days of the week are behind us and Comex gold has recovered all of its post-BLSBS losses from last week. Can it now hold and expand? Well, a lot has to do with the reaction to tomorrow’s latest update on US retail inflation…CPI.

First and with regards to the CPI, I completely forgot to mention the seven-figure consensus forecasts of all Wall Street economists. As you can see below, they generally expect around +0.2% for both headline and underlying. Anything lower than that should be good for PM, while anything higher should be bad. But this is…