Banks Still In Charge

Are you suprised?

Thu, May 21, 2020 - 11:04am

For anyone actually questioning whether or not The Banks are still in charge, the last 48 hours of capping and smashing should leave little doubt. While this does not mean that a complete crash in price is imminent, is should indicate to you that the fight for fair pricing is far from over.

No doubt there was some hope for a while back in April. Spreads versus spot had exploded, EFPs had virtually ceased and Comex "delivery" demands reached record levels. But that potential crisis appears to have passed...for now...and you can check two things for confirmation. The spread and the...

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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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