I already posted about today’s CPI release and how the Biden administration is likely to repeat the “horseshit” manipulation of the numbers, like they did last week with the jobs report. What to look for and how to play it. If they are going to manipulate the number they are probably going to go big, like last week. You gain nothing if you only shave a little, but you loose ALL credibility if you go big with a much lower number than reality would suggest. If they downsize the number substantially and the immediate reaction in the pits is to monkey hammer gold and silver, “BACK UP THE TRUCK” on both. It won’t last long and will probably be higher by the end of the day. Here is a tell to look for. If the number is modestly higher or flat and the metals DON’T get smashed, it means I was correct last Friday when I said that the Mother of All Reversals(which has played out, so far) was the banks covering their naked shorts and we are going higher. If the metals don’t have a sharp down leg, it means the banks are no longer short and gold and silver will fly. Maybe slowly at first, like they have been doing all week or maybe an explosive upside leg. Either way we are going higher from here.