Good Data, Bad Data

The remainder of the week will be dominated by news and headlines with Jerry on Capitol Hill and the latest BLSBS looming for Friday. Today brought the latest service sector PMIs and, depending upon which survey your prefer, the numbers were either better or worse than expected.

Let's start with price and open interest, however. Monday same the third consecutive gain for Comex gold and it also brought another addition of over 13,000 new contracts. This brings the 3-day total to gain of $83 or 4% with an OI jump of 56,000 contracts or 14%. Growing OI and Spec longs is the price...

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Key Economic Events Week of 5/28

5/28 9:00 ET Case-Shiller home prices
5/28 10:00 ET Goon Kash-n-kari
5/28 10:00 ET Consumer Confidence
5/28 1:00 ET Goons Cook and Daly
5/29 1:45 ET Goon Williams
5/29 2:00 ET Beige Book
5/30 8:30 ET Jobless claims
5/30 8:30 ET Q1 GDP 2nd guess
5/30 8:30 ET Wholesale inventories
5/30 10:00 ET Pending home sales
5/30 12:00 ET Goon Williams again
5/31 8:30 ET PCE and Core PCE
5/31 8:30 ET Personal Inc and Spend
5/31 9:45 ET Chicago PMI

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