Out On A Limb

Turd's Limb has been a pretty lonely place. (Much like it was back in college.) Last month, it seemed that nearly every blogosphere "analyst" was predicting a break to new lows in the metals. It got particularly lonely last week but we held firm to our convictions. Now we are being rewarded with a January move UP, not down. Can it continue?

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Key Economic Events Week of 4/22

4/23 9:45 ET S&P flash PMIs
4/23 10:00 ET New home sales
4/24 8:30 ET Durable Goods
4/25 8:30 ET Q1 GDP first guess
4/25 10:00 ET Pending home sales
4/26 8:30 ET PCE and Core PCE
4/26 8:30 ET Personal Inc & Spend
4/26 10:00 ET April UMich

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