A Trip To PoundTown

The Banks haven't taken us to PoundTown for a while so maybe we were due. Of course, the fact that it's getting later in the month and that the usual expirations are pending certainly has something to do with it, too. But, either way, price was driven off a cliff right at the Comex open today and the pressure remains as I type.

So at least, if anything, I'm relieved that I blared so many warning sirens over the weekend and again yesterday. There was so much optimism and excitement... much of it justified! ...that you knew things would actually go the other way. After all, the...

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Key Economic Events Week of 2/19

2/20 10:00 ET LEIII
2/21 8:00 ET Goon Bostic
2/21 1:00 ET Goon Bowman
2/21 2:00 ET January FOMC minutes
2/22 9:45 ET S&P flash PMIs February
2/22 10:00 ET Home sales
2/22 10:00 ET Goon Jefferson
2/22 3:15 ET Goon Harker