April CPI and Core CPI numbers both came in higher than expected this morning. The core month-over-month numbers are very troubling, says Bob Iaccino. The crude oil futures (/CL) range is compressing down to a 7% range, explains Bob. Bob and Ben discuss sanctions on crude. Gold has not been a great inflation hedge, but it has been a great inflation expectation hedge, Bob says. Lastly, they discuss bitcoin futures (/BTC) and Bob says a drop in stable coins results in the selling of bitcoin. Tune in for the full discussion.