Today's Soaring POSX

There's a reason why we watch the dollar index so closely and try to guess/predict which direction it will move next...and you're seeing why today.

And this is no fun at all. For the past two weeks, nearly every podcast has discussed the possibility/likelihood of the POSX breaking its downtrend and moving toward 105 and then, if that we to happen:

  • Comex silver, having broken its 50-day MA, might go to $21
  • Comex gold, following silver's lead, breaking its own 50-day and the heading to $1840
  • and now here we are

Again, this is no...

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Key Economic Events Week of 2/26

2/26 10:00 ET New home sales
2/27 8:30 ET Durable Goods
2/27 9:00 ET Case-Shiller home prices
2/27 10:00 ET Consumer Confidence
2/28 8:30 ET Q4 GDP 2nd guess
2/28 12:00 ET Goon Bostic
2/29 8:30 ET PCE and Core PCE
2/29 9:45 ET Chicago PMI
2/29 10:00 ET Pending home sales
2/29 10:50 ET Goon Bostic again
2/29 11:00 ET Goon Ghoulsbee
2/29 1:15 ET Goon Mester
3/1 9:45 ET S&P Manu PMI
3/1 10:00 ET ISM Manu PMI
3/1 10:00 ET Construction spending
3/1 10:15 ET Goon Logan
3/1 10:15 Goon Waller
3/1 12:15 ET Goon Bostic AGAIN
3/1 1:30 ET Goon Daly

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