Machine Shed

The bounceback in the POSX continues this morning and The Machines are again taking us to the woodshed with Comex Digital Silver now down a full dollar, or nearly 5%, on the week.

And this is what can happen in August. We've been warning about this type of BS and here we are. The POSX has spiked back above its 50-day and The Machine have responded by driving CDS back below its 50-day. It's ridiculous. It's bullshit. And it's what counts as "price discovery" for physical metal in 2022....

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Key Economic Events Week of 12/2

12/2 9:45 ET S&P Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/3 10:00 ET JOLTS
12/4 8:15 ET ADP jobs report
12/4 9:45 ET S&P Services PMI
12/4 10:00 ET ISM Services PMI
12/4 10:00 ET Factory Orders
12/4 2:00 ET Beige Book
12/5 8:30 ET Jobless Claims
12/6 8:30 ET BLSBS
12/6 10:00 ET Dec Prelim UMich
12/6 10:30 ET Goon Ghoulsbee

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