Key Fed Inflation Measure Rises at Slowest Pace Since 2021

• Core US consumer-price growhttps://www.bloomberg.com/news/live-blog/2023-11-14/us-cpi-report-for-octoberth is cooler than expected
• Easing pressures likely to take December Fed hike off table
• Shelter's contribution to upward inflation pressure slows
• US stock futures soar, while bond yields plunge

https://www.bloomberg.com/news/live-blog/2023-11-14/us-cpi-report-for-october

Markets in general are euophorius this morning, metals and mining especially.  But be careful to note that markets in general are seriously overbought and long overdue for a severe correction.  Metals and mining may escape that.  If not, they will suffer the least, but they will also be the first of market segments to recover if they are affected.  That's what history tells us.  Aside from these observations, boom times are soon ahead for metals and mining.

I am reminded of the late 70s when even the dogs of the sector rose 5-7 times over about three years.  Just note that financing mining programs is not what it was then, so if we have a boom, it will likely be a more complicated story for explorers this time around. 

...just my opinion.  What's yours?