Ready For A JOLT

Today brings the latest JOLTS job openings data and this has been a number that has "jolted" the Comex PMs a few times over the past several months. Will it jolt things again today? As I begin typing, we won't have to wait long to find out.

The day began with the return of The London Monkeys after yesterday's holiday. They wasted no time in dragging gold and silver lower as the POSX rallied overnight. However, once the action shifted to NY...and once the initial COMEX selling had passed...prices recovered and both were up and green in the minutes prior to the JOLTS report....

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Key Economic Events Week of 7/22

7/23 10:00 ET Existing Home Sales
7/24 9:45 ET S&P July flash PMIs
7/24 10:00 ET New Home Sales
7/25 8:30 ET Q2 GDP first guess
7/25 8:30 ET Durable Goods
7/25 1:30 ET Comex option expiry
7/26 8:30 ET PCE and Core PCE
7/26 8:30 ET Personal Inc and Spend

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