Metal Misery

Thu, Jan 6, 2022 - 10:36am

Yesterday at this time, prices had fully recovered from Monday's beatings and it appeared that we might be able to escape the week. But then here came the doctored FOMC minutes and now we are right back into misery with our captors still holding us hostage.

On mornings like this, when I know that the metals are going to get pounded overnight, I often play a game with myself where I try to guess what price I'll see the first time I check. Today, as I stumbled around and made my first cup of coffee, I couldn't quite decide. My first thought was $1794 but the more I considered it,...

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Key Economic Events Week of 1/24

1/24 9:45 ET Markit Flash PMIs for January
1/25 9:00 ET Case-Swiller home prices
1/25 10:00 ET Consumer Confidence
1/26 2:00 ET FOMC Fedlines
1/26 2:30 ET CGP presser
1/27 8:30 ET Q4 GDP first guess
1/27 8:30 ET Durable Goods
1/28 8:30 ET Personal Income and Spending
1/28 8:30 ET Core PCE
1/28 10:00 ET UMich 5-yr Inflation Expectations

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