Hitting A Trifecta

We've hit a bit of a trifecta today in the Comex metals and I, for one, am enjoying every moment of it. After the start of the year that we've had, any sort of green feels unexpected and particularly nice.

And what's driving Comex gold and silver today? It's actually a news trifecta:

  • About $15 off the lows yesterday on the US budget deficit data
  • About $15 overnight on fears of a wider regional war in the MENA
  • About $15 this morning on a cooler than expected PPI

Put it all together and whaddayagot?...

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Key Economic Events Week of 2/3

2/3 9:45 ET S&P Manu PMI
2/3 10:00 ET ISM Manu PMI
2/3 10:00 ET Construction Spending
2/3 11:00 ET Goon Collins
2/3 12:00 ET Goon Bostic
2/4 10:00 ET JOLTS
2/4 10:00 ET Factory Orders
2/4 11:00 ET Goon Bostic again
2/4 2:00 ET Goon Daly
2/5 8:15 ET ADP jobs report
2/5 9:00 ET Goon Barkin
2/5 9:45 ET S&P Services PMI
2/5 10:00 ET ISM Services PMI
2/5 1:00 ET Goon Ghoulsbee
2/5 3:00 ET Goon Bowman
2/6 8:30 ET Jobless claims
2/6 2:30 ET Goon Waller
2/7 8:30 ET BLSBS
2/7 9:30 ET Goon Bowman again
2/7 10:00 ET Wholesale Inventories
2/7 10:00 ET Prelim Feb UMich

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