The Inevitable Cometh

It's usually a sign that we have reached the end of a rally when rates and the POSX both fall yet CDG does nothing. That's what happened on Friday and now we are seeing today what always comes next.

Again and as always, price rallies in Comex gold unfold in a manner of two steps forward and one step back. It's never straight up for weeks on end. Never. So we watch the daily charts and weekly CoT reports for clues. The pattern is almost always the same...

  • Price stalls and is capped at or near some major resistance level
  • The Banks add significantly to
  • ...

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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
randomness