Keynesian Demise

It was yours truly who, just last Friday, was concerned that we had a tough and challenging week ahead....and it sort of started out that way. But whether it's war fears, the ECB rate cuts, a newly-possible 50 basis points from the FOMC next week or the blowout August deficit numbers, the Comex Digital Precious Metals have charged forward over the past 48 hours and are set to finish the week with some very pretty candles for the weekly chart.

Whatever it is, the tide has shifted again in POSX and this is leading to most of the follow-through you're seeing today. As I type, the...

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Key Economic Events Week of 10/7

10/7 1:00 ET Goon Bowman leads off
10/7 1:50 ET Goon Kash-n-kari
10/7 3:00 ET Consumer Credit
10/8 8:30 ET US trade deficit
10/8 12:45 ET Goon Bostic
10/9 9:15 ET Goon Logan
10/9 10:00 ET Wholesale Inventories
10/9 12:30 ET Goon Jefferson
10/9 12:45 ET Goon Bostic again
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET CPI and Core CPI
10/10 9:15 ET Goon Cook
10/10 10:30 ET Goon Barkin
10/10 11:00 ET Goon Williams
10/11 8:30 ET PPI and Core PPI
10/11 10:00 ET Prelim UMich
10/11 10:45 ET Goon Logan
10/11 1:10 ET Goon Bowman wraps up

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