JOLTed Higher

Prices for Comex precious metal futures were already higher this morning on a slightly weaker POSX. But then came the latest JOLTS job openings report and it finally showed that weakness in the jobs market that many of us have been expecting.

And why is this important? Because The Fed has relied upon "the robust jobs market" as the final leg of the stool on which they sit. Once the US employment picture inevitably weakens, the recession will be clear for all to see and rate cuts will follow.

You've no doubt heard Jerry mention the job openings number on countless...

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Key Economic Events Week of 9/25

9/26 8:30 ET New Home Sales
9/26 9:00 ET Case-Shiller home prices
9/26 10:00 ET Consumer Confidence
9/26 1:30 ET Goon Bowman
9/27 8:30 ET Durable Goods
9/28 8:30 ET Q2 GDP final guess
9/28 1:00 ET Goon Cook
9/28 4:00 ET Chief Goon Powell
9/29 8:30 ET PCE and Core PCE
9/29 8:30 ET Personal Inc and Spend
9/29 10:00 ET UMich sentiment

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