And Now For Something Completely Different

55
Thu, May 19, 2022 - 10:40am

What's this? Bonds are up and the POSX is down?? When's the last time that happened??? And the TIP is up, too???? And the GDX is up over a full point????? Goodness me, how can that be?

OK, so maybe things haven't changed THAT much. After all, the 200-day moving average for the front month Jun22 Comex gold contract can be found today at $1840.70. But you don't really need to know that when you look at the chart below. You can probably find it, yourself......

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Key Economic Events Week of 6/27

6/27 8:30 ET Durable Goods
6/27 1:25 ET Jul22 Silver option expiry
6/27 10:00 ET Pending home sales
6/28 10:00 ET Consumer Confidence
6/28 10:00 ET Richmond Fed
6/28 12:30 ET Goon Daly
6/29 8:30 ET Q1 GDP final guess
6/29 9:00 ET Chief Goon Powell
6/29 11:30 ET Goon Mester
6/29 1:00 ET Goon Bullard
6/29 1:25 ET Jul22 Silver off board
6/30 8:30 ET PCE and Core PCE
6/30 8:30 ET Pers Inc and Cons Spend
6/30 9:45 ET Chicago PMI
7/1 9:45 ET S&P Manu PMI
7/1 10:00 ET ISM Manu PMI

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