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 11/28

11/28 12:00 ET Goon Bullard
11/28 12:00 ET Goon Williams
11/29 9:00 ET Case-Shiller home prices
11/29 10:00 ET Consumer Confidence
11/30 8:15 ET ADP jobs report
11/30 8:30 ET Q3 GDP 2nd guess
11/30 9:45 ET Chicago PMI
11/30 10:00 ET JOLTS
11/30 1:30 ET Chief Goon Powell
12/1 8:30 ET PCE and Core PCE
12/1 8:30 ET Consumer Inc and Spend
12/1 9:30 ET Goon Bowman
12/1 9:45 ET S&P Manu PMI
12/1 10:00 ET ISM Manu PMI
12/2 8:30 ET BLSBS

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