POSX Up Again, CDS Down Again

As the POSX soars again today, apparently on its way to that 104.50 level, Comex silver is getting pounded again. It's now under its 100-day MA and looking to test the levels we discussed again in yesterday's podcast.

Let's start with that POSX. Why is it up today? Well, rates are slightly higher on a continuation of the same "higher for longer" stuff that has been plaguing us again for the past couple of weeks. But it's also up because of this: https://www....

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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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