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 10/3

10/3 9:45 ET S&P Manu PMI
10/3 10:00 ET ISM Manu PMI
10/3 3:10 ET Goon Williams
10/4 10:00 ET JOLTS
10/4 10:00 ET Factory Orders
10/5 8:15 ET ADP jobs report
10/5 9:45 ET S&P Services PMI
10/5 10:00 ET ISM Services PMI
10/6 8:50 ET Goon Mester
10/7 8:30 ET BLSBS
10/7 10:00 ET Goon Williams
10/7 11:25 ET Goon Kashnkari

Forum Discussion

by vonburpenstein, Oct 6, 2022 - 7:32am
by 11IMIX, Oct 5, 2022 - 5:17pm
by PMtoxopholite, Oct 4, 2022 - 8:06pm
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