CDG Nearing $2300

Since late 2022, we've discussed the eventual breakout of Comex gold. It had been stuck in a multi-year trading range, roughly between $1700 and $2000 and we projected that once a clear breakout was achieved, the first target would be $2300. Well, here we are.

In some ways, it's later than expected. In some ways, it's earlier than expected. But we're here, nonetheless. Let's start with a snippet from the 2023 macrocast:...

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Key Economic Events Week of 4/8

4/8 1:00 ET Goon Ghoulsbee
4/10 8:30 ET CPI and Core CPI
4/10 8:45 ET Goon Bowman
4/10 12:45 ET Goon Ghoulsbee again
4/10 2:00 ET March FOMC minutes
4/11 8:30 ET PPI and Core PPI
4/11 8:45 ET Goon Bowman again
4/11 12:00 ET Goon Collins
4/11 12:45 ET Goon Ghoulsbee again
4/11 1:30 ET Goon Bostic
4/12 8:30 ET Import Prices
4/12 10:00 ET Prelim UMich
4/12 2:30 ET Goon Bostic again
4/12 3:30 ET Goon Daly

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