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 7/15

7/15 8:30 ET Empire Fed
7/15 12:00 ET Chief Goon Powell
7/16 8:30 ET Retail Sales
7/16 8:30 ET Import Price Index
7/16 10:00 ET Business Inventories
7/17 8:30 ET Housing Starts
7/17 9:00 ET Goon Barkin
7/17 9:15 ET Cap Ute & Ind Prod
7/17 9:35 ET Goon Waller
7/17 2:00 ET Beige Book
7/18 8:30 ET Philly Fed
7/18 10:00 ET LEIII
7/18 1:45 ET Goon Logan
7/19 10:40 ET Goon Williams
7/19 1:00 ET Goon Bostic

Forum Discussion

by argentus maximus, Jul 15, 2024 - 8:39pm
by 1980build, Jul 12, 2024 - 9:07am
by Wise-in-the-Ways-of-Science, Jul 9, 2024 - 3:57pm