Things About To Get Real-ly Interesting

Tue, Apr 13, 2021 - 10:42am

Today's CPI and, more importantly, the bond market reaction to it, are setting off a strong rally in the digital precious metals today. Why? Real interest rates.

I'll begin with a reminder of what we've discussed and mentioned for months....that inflation-adjusted or "real" interest rates are the #1 most-correlated fundamental for gold prices. Yes, even the fraudulently-discovered Comex digital gold price. It was sharply falling real interest rates that drove CDG from $1300 to $2100 between June 2019 and August 2020. Conversely, it was rising real rates that drove prices...

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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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