Slugging Away at $1750 and $18

Hard caps in place...for now.

Wed, May 20, 2020 - 10:51am

Both Comex Digital Metals have run into some sticky resistance over the past 24 hours. Can these levels be bested as we move toward the end of the week? Will today's FOMC minutes move things either way?

But first today we have to get through an appearances by Goons Bostic and Bullard. You never know what you're going to get with these guys but they're usually rather "accommodative". Bostic is at 10:00 ET and Bullard is at Noon.

And then we all wait for LIESman and his shiny head at 2:00 pm ET. There shouldn't be anything concerning for us in the minutes but you never...

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Key Economic Events Week of 5/3

5/3 9:45 ET Markit manu PMI
5/3 10:00 ET ISM manu PMI
5/3 10:00 ET Construction Spending
5/3 2:20 ET Chief Goon Powell
5/4 8:30 ET US Trade Deficit
5/4 8:30 ET Factory Orders
5/4 1:00 ET Goons Daly and Kashnkari
5/5 8:15 ET ADP jobs report
5/5 9:45 ET Markit service PMI
5/5 10:00 ET ISM service PMI
5/5 12:00 ET Goon Mester
5/6 8:30 ET Productivity and Labor Costs
5/6 10:00 ET Goon Kaplan
5/7 8:30 ET BLSBS

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