As highlighted in my earlier report, the US dollar was looking bearish given that it was not responding in the way you'd expect it to, following the release of stronger-than-expected CPI report on Tuesday. The US dollar ‘should’ be finding support, but it isn't. This is suggesting that the market is expecting the Fed to cut interest rates anyway in June and potentially a few more times before the year is out. For this reason and the fact that there’s optimism about Chinese demand recovery, we have seen metal prices like copper and silver break out today, with the former rising above $4.00 and the latter nearing $25 ... (full story)