A Long Week Begins

55
Mon, May 24, 2021 - 10:42am

Back on Friday, we warned you that the week ahead was going to be difficult and that even finishing unchanged would constitute a victory. So here we are on Monday with bonds up and the POSX down, yet the Comex metals keep getting smashed backward. Gee, I wonder why?

Look, if you've been around here for any length of time then I really don't need to explain this to you. It's contract and option expiration week and The Banks are playing their usual games. It's as simple as that. The Jun21 options expire at the Comex close tomorrow. The Jun21 gold contract goes off the board on...

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Key Economic Events Week of 8/2

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8/2 10:00 ET ISM Manu PMI
8/3 10:00 ET Factory Orders
8/4 8:15 ET ADP Jobs report
8/4 9:45 ET Markit Service PMI
8/4 10:00 ET ISM Service PMI
8/6 8:30 ET BLSBS

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