China Buys Gold, Too

Lots of hubbub the past few months about renewed and vigorous central bank gold purchases. News today that China has officially added to their reported reserves has drawn even more attention to this important trend.

Of course, the important word here is " reported ". No one outside of Xi and the CCP knows for certain just how many metric tonnes the Chinese actually have. Friggin Koos made a name for himself by closely examining the issue and he concluded long ago that the Chicoms are sitting on at least 20,000 metric tonnes and that they will only unveil the...

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Key Economic Events Week of 1/30

1/31 8:30 ET Employment Costs
1/31 9:00 ET Case-Shiller Home Prices
1/31 10:00 ET Consumer Confidence
2/1 8:15 ET ADP jobs report
2/1 9:45 ET S&P Manu PMI
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2/1 2:30 ET Chief Goon Powell
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2/2 8:30 ET Productivity & Labor Costs
2/2 10:00 ET Factory Orders
2/3 8:30 ET BLSBS
2/3 9:45 ET S&P Services PMI
2/3 10:00 ET ISM Services PMI

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