Long Day Ahead

As discussed in yesterday's podcast, yours truly faces a long day of traveling due to the ongoing fiasco at Southwest Airlines. Therefore, this may or may not be your only post today. Good thing there's just the usual shenanigans to discuss.

Let's start with what happened yesterday morning and then follow along to where we are now. As stated yesterday, the $30 pop in Comex gold was very likely just an algo-generated spike, caused by a drop in the POSX and the technical bullish cross in Comex silver. Consistent selling eventually rerouted the price action and then ate away at the...

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Key Economic Events Week of 5/20

5/20 9:00 ET Goon Waller
5/20 10:30 ET Goon Jefferson
5/21 9:00 ET Goon Waller again
5/21 11:45 ET Vice Goon Barr
5/22 10:00 ET Existing home sales
5/22 2:00 ET May FOMC minutes
5/23 8:30 ET Jobless claims
5/23 9:45 ET Flash PMIs for May
5/23 10:00 ET New home sales
5/23 3:00 ET Goon Bostic
5/24 8:30 ET Durable Goods
5/24 9:35 ET Goon Waller again
5/24 10:00 ET Umich final

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