Iron Vitals - Tuesday 17th February 2026
Controlled pressure not fracture going into Europe open
Iron Vitals tracks conditions, not outcomes. RPI exists to identify when rules are about to matter more than opinions.
What This Means
Gold and miners are undergoing a sharp cooling move, suggesting positioning unwind rather than systemic stress. Yields are easing but not collapsing. Credit remains firm. The dollar is mixed, not disorderly.
This is controlled pressure, not fracture.
System status: Cooling without break.
Iron Vitals — because markets lie, structure doesn’t.
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