CPI REACHES 9.1%

 

The annual inflation rate rose to 9.1%, surpassing the 8.8% estimate.

 

The odds for a 1.00% hike on July 27th have risen to 48.7% from 9.4% yesterday.

 

-GDX- Miners are forming a bullish engulfing candle after closing the gap at $26.00. It’s still early, but a close above $27.00 would be encouraging.