A Big Day For CGP

135
Thu, Mar 4, 2021 - 11:03am

Ever since that Bloomberg trial balloon back on Monday, we've been targeting today as an important day for the short-term future of Comex gold and silver. The REPO events of Tuesday and Wednesday have amped up the pressure and now we await Chief Goon Powell and his speech/Q&A at Noon ET.

The move in the 10-year note this year alone has been historic. However, consider again that at the lows last August, the 10-year traded at 0.51%. Last week it hit an intraday high of 1.61%. This move has primarily been driven by fears of impending inflation...which are justified.

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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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