Remarkable

It's another remarkable day for gold as price breaches the $3300 level for the first time. The rally began last evening, it accelerated in China and then extended in London before, of course, coming to a screeching halt in New York.

But, whatever. Let's not worry about that today. Instead, let's focus upon the price action overnight which again was very strong in China/Asia. Very strong. Here's a chart from last evening when price was already $40 higher in the first three hours of trading....

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Key Economic Events Week of 5/12

5/12 10:25 ET Goon Kugler
5/12 2:00 ET Monthly Treasury Stmt
5/13 8:30 ET CPI and Core CPI
5/14 9:10 ET Goon Jefferson
5/15 8:30 ET Retail Sales
5/15 8:30 ET PPI and Core PPI
5/15 8:30 ET Philly Fed
5/15 8:30 ET Empire Fed
5/15 8:40 ET Chief Goon Powell
5/15 9:15 ET Cap Ute & Ind Prod
5/15 2:05 ET Goon Barr
5/16 8:30 ET Import prices
5/16 8:30 ET Housing starts
5/16 10:00 ET Prelim UMich May
5/16 4:00 ET NYSE option expiry

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randomness