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 6/12

6/13 8:30 ET CPI
6/14 8:30 ET PPI
6/14 2:00 ET FOMC Fedlines
6/14 2:30 ET Jerry presser
6/15 8:30 ET Retail Sales
6/15 8:30 ET Import Prices
6/15 8:30 ET Empire Fed Manu Idx
6/15 8:30 ET Philly Fed Manu Idx
6/15 9:15 ET Cap Ute & Ind Prod
6/15 10:00 ET Business Inventories
6/16 10:00 ET Consumer Sentiment

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