Another Challenging Day

Thu, Nov 19, 2020 - 10:34am

It is another challenging day in a recent string of many. And we also got our latest bit of vaccine news today, too. So we will weather this day and see where we close before making any assumptions of where price may head from here.

As you know, we've been watching the area between $1850 and $1860 act as important support for the past seven weeks. At this point, it is important that you understand that any one arbitrary line or price it not what I'm watching. Instead, the focus is whether or not Comex gold makes a new closing low and/or closes below what had been 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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