Wash, Rinse, Repeat

The new day dawns with the same price action that we've seen over the past two weeks. With all momentum and sentiment drained once again from Comex, prices continue to fall regardless of the daily moves in the bond market or the POSX.

What an extraordinarily difficult month this has been. The November FOMC began one month ago today and concluded on Wednesday, November 3. Once CGP announced that the QE taper would begin immediately in November, the Comex Digital Metals tanked with CDG trading down to $1761 and CDS hitting a low of $23.04. And where are they now, one month later...

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Key Economic Events Week of 8/8

8/8 11:00 ET NY Fed Inflation Exp.
8/9 8:30 ET Unit Labor Costs
8/10 8:30 ET CPI
8/11 8:30 ET PPI
8/12 8:30 ET Import Price Index
8/13 10:00 ET UMich Consumer Sentiment
8/13 10:00 ET UMich Inflation Exp.

Forum Discussion

by Solsson, Aug 10, 2022 - 8:05am
by Abraham Bernanke, Aug 7, 2022 - 8:15am
by SteveW, Aug 6, 2022 - 2:13pm
by DeGraives, Aug 6, 2022 - 1:45pm
by vernon, Jul 29, 2022 - 8:22pm