BRENT action and precious metals watch
Interesting to see $BRENT holding relatively firm around 76.08 despite broader market jitters. The range today (75.31–77.47) suggests some underlying support, perhaps anticipating renewed demand or sustained supply discipline. This resilience in energy often signals a different kind of inflationary pressure than what the Fed is tackling, and it's making me keep a closer eye on precious metals as a potential hedge.
While $GLD is down slightly at 376.07999 and $SLV at 53.875 today, both have seen decent intraday moves. The 373.7 low for $GLD and 53.235 for $SLV earlier might be testing lower bounds. If crude maintains this level and central bank narratives remain hawkish on inflation, I'm watching these for a potential bounce or consolidation above their recent lows as a safe-haven play.
Definitely an interesting divergence with Brent holding up. I'm curious if you're seeing any specific metals look more attractive than others, or if it's a general basket you're considering for that inflation hedge.