Lower Number Than Expected.

arriba-Nov-14-2023-08-30-50-4057-PM


Lower Number Than Expected.

Dear investor.

 

A welcomed CPI number was released earlier today; 3.2% is good for the dovish camp...this should allow interest rates to stay put. 

 

While on the subject of rates, the last bond auction was horrible. If you evaluate the U.S. debt situation, a growing mountain of debt, then it´s understandable why other investment options may be attractive.

 

Don´t forget, by FRIDAY the circus in Washington needs to resolve the debt ceiling...good luck.

 

On Wednesday Biden and Xi will be meeting in California in the hopes of improving relationships between both countries. 

 

This is also an opportunity to address those of you who ask why the markets are not much higher while the conflict in the Middle East rages on? It´s cynical, but very real, the intense fighting means absolutely nothing new to the markets. However, a fresh player entering the arena, well, that´s a different game altogether. This is how it works.

 

By the way, do you guys know that the war between Russia and Ukraine are still going on...sad...but it´s just human nature.

 

From a technical standpoint, certain long-term studies suggest strong potential for higher pricing over the next couple of months. 

 

With so much possibly happening either from the economic side of the equation, or any major escalation on two war fronts...investors should be very active.

 

Additional economic data is expected this week.


Short-term: Headlines are your buying opportunities.

 

Long-term: Fundamentals are your guide.

 

Much success to all.  

 

Depository relations:

London - Singapore - United States

Canada - Australia - China - Switzerland

Brinks - IDS - Loomis - The Perth Mint

info@intlmetals.com

 

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