Retail sales and industrial production fell more than expected. With a recession on the horizon, silver may fly if the Fed stops the hikes! Q4 2022 hedge fund letters, conferences and more Retail sales fell 1.1% in December, following a downwardly revised drop of 1% in November. The decline was larger than expected, and it was the biggest decrease in 12 months. The fall is really disturbing as we are talking about the holiday shopping period. However, the sales were reduced in part because of the decline in prices. Industrial production also surprised negatively, falling 0.7% in December. It f…