More Evidence That JPM Has Cornered Comex Gold

468
Sat, Aug 31, 2013 - 11:36am

If I can bring all of this together, it will go a long way toward proving correct Ted Butler's theory on JPM's current corner of the Comex gold futures market.

So, let's start with Uncle Ted and his assertions. Recall that Ted is a first-rate analyst who has been trading commodities for about 40 years. He has paid particular interest to the silver manipulation for the past 20. He writes an excellent newsletter to which you can subscribe by clicking here: https://www.butlerresearch.com

Using the CFTC-issued weekly and monthly data (Commitment of Traders & Bank Participation Report), Ted has followed along over the past eight months of position changes and, over that time, the changes have been dramatic. As you know, The Bullion Banks were caught heavily short at the initiation of QE∞ last autumn. I contend that this entire manufactured correction scheme was initiated by The Bullion Banks to give them an opportunity to get out from under their naked short positions and move net long. Ted has concluded that it's not the Bullion Banks per se. Instead, the scheme was initiated by JPM solely for the benefit of JPMand, from a net short gold position in excess of 50,000 contracts last December, JPM has now transitioned into a net long gold position of more than 65,000 contracts. IF THIS IS TRUE, there can be absolutely no doubt as to:

  • The motive behind the counter-intuitive price correction AND
  • The certainty of a very large and significant UP move for gold in the very near future.
  • I did not set out to prove or disprove Ted's assertions. After following the Comex gold and silver deliveries these past 60 days, simple curiosity led me to do some research on recent delivery patterns. What I found not only piqued my interest, I think it proves Ted correct. And again, IF TED IS CORRECT, then there is most certainly a very big move coming in gold.

    So, let's start here: After taking into their house account (again, this means stopping the metal to themselves, into their own, proprietary account) 280 of 3,922 Dec12 silver deliveries, 970 of 2,526 March13 silver deliveries, a big fat zero of 3,416 May13 silver deliveries, JPM stopped to themselves 2,824 of the 3,444 July13 silver deliveries. That's 82%. For obvious reasons, this anomaly got my attention.

    As I've been chronicling here all month, this trend continued into the August13 gold delivery period. Last Thursday alone, the final day of August deliveries, the JPM house account took down 154 of the 164 Aug13 gold deliveries. This brings their monthly total to 3,151 of the 4,075 contracts delivered. That's 77.3%! What's more, after the initial surge of 1,962 deliveries on the 1st and 2nd of the month, the JPM house account claimed for itself 1,945 of the 2,113 remaining deliveries. That's 92%!

    With this as inspiration, I went back and reviewed the previous delivery months for gold on The Comex. These delivery months in 2013 have been February, April, June and now August. What I found is startling.

    Let's start with February. Before we begin, recall that for every buyer, there is a seller...and...for every person or entity taking delivery, there is an issuer from whose vaults that metal will flow. Further, keep this in mind...If you have been naked shorting paper contracts all month, you stand the risk that the entity on the other side of your trade will stand for delivery. So, it follows that, when we see one firm taking consistently taking delivery and another firm consistently issuing the metal, we can deduce who has been shorting all along and who has been buying. Does that make sense? I hope so. If it doesn't. then please re-read that info before proceeding. It is critical that you understand this.

    OK, back to February. During that month, the Feb13 contract was in its delivery period. What initially caught everyone by surprise was the sheer volume of deliveries. After just 3,253 in Dec12, a month which is usually one of the biggest delivery months of the year, the delivery total for February surged to 13,070. Of that total, the DeutscheBank house account took 5,917 and the HSBC house account took 4,879. Between the two of them, they accounted for 82% of all Feb deliveries. And just whom was issuing this metal? JPMorgan. For the month, JPM issued 7,854 of the 13,070 delivery requests. That's 60%. Also getting in on the act was Scotia. They got clipped for the issuance of 3,644 contracts. That's 28%. So, the DB and HSBC house accounts took 82% of the deliveries while the JPM (house and customer) and Scotia house accounts supplied 88%. And don't forget, this was a lot of metal! Thirteen thousand and seventy Comex contracts is 1,307,000 troy ounces, which equates to 40.6 metric tonnes.

    Suddenly, the deliveries for March surged, too. Instead of the moribund 500 or so settlements that we typically see in this "non-delivery" month, March13 saw an incredible 4,229 made...more than last December! I'm quite certain that that has never happened before. So what happened? Why was the March total about 3,000 to 3,500 more than typical and expected? Keep reading...

    After getting clipped for 3,644 deliveries in February, Scotia immediately went on to warpath to get that gold back. For the month of March, the Scotia house account took in 3,383 deliveries while at the same time issuing 179. All totaled, Scotia net deliveries were 3,204 of the 4,229 deliveries for March. That's 76% and, if you take that away, you're left with just the typical 1,025 March deliveries. (Actually, it's not that typical. The Barclays customer account took 834 of the 1,025.) Oh, you're probably wondering which firm provided the metal for all those deliveries? JPM. For March, JPM issued 1,813 out of their house account and 2,209 out of their customer account. That's a total of 4,022 or 95% of all March deliveries.

    The next month is April and, once again, it's a delivery month. The surge in total deliveries continued as 11,632 contracts were delivered to eager buyers. Of those, HSBC was again the big winner with 3,954 deliveries into their house account. Scotia took 3,292 and Barclays got in on the act with 1,276. Between the three of them, these proprietary house accounts combined for 73% of all April13 gold deliveries. And who got stuck with the bill? DB paid out 992 and Scotia paid out 595. This left the balance with none other than JPM and they issued 9,690 contracts or 83%. 5,990 came out of JPM house and 3,700 came out of their customer accounts. Again and just for fun, 9,690 Comex settlements means that JPM had to ship out another 969,000 troy ounces or 30.1 metric tonnes.

    So now it's May and, remarkably, the trend of deliveries in traditional non-delivery months continues and, whaddayaknow, it's a near-repeat of March. Of the 3,050 total deliveries in May, the Scotia house account took 1,746 or 57%. And guess who provided the metal...again? JPM. This time they got stuck providing 97% of the metal or 2,948 of the 3,050 deliveries. What's more, they issued the vast majority of this out of their customer account, which was raided for 2,781 of the 2,948 contracts. Again, "customer" gold is metal held on deposit for JPM customers. This is registered and eligible gold and, as we've seen for years, JPM is able to shift it around wherever they see fit. (And who are JPM's "customers"? Well, wouldn't you like to know?...)

    Finally, this trend repeated one more time during the delivery month of June. For the month, 9,869 contracts were delivered. Once again, HSBC grabbed the lion's share, moving 4,935 (almost exactly half) of the deliveries directly into their house account. The Barclays house account took 2,000 and, for the first time since last December, the JPM house account claimed 547 or 5.5%. Issuing? You guessed it. JPM issued 7,425 or 75% while Barclays and DB added about 1,400.

    So, through adding all of this together we get this. For the 3 delivery months of Feb, Apr and June plus the traditional non-delivery months of March and May:

    HSBC House Account: 13,768 deliveries. Total issuance: One. Yes, you read that right. One.

    Scotia House Account: 8,932 deliveries. Total issuance: 4,259

    DeutscheBank House Account: 5,918 deliveries. Total issuance: 1,746

    Barclays House and Customer: 5,384 deliveries. Total issuance: 908

    JPM Customer: 1,444 deliveries. Total issuance: 16,758

    JPM House: 547 deliveries. Total issuance: 15,181

    OK, now before we go any further, I want you to take a second and review this excellent piece by Mark McHugh from back in April. Not only had he spotted this trend, he also goes on to explain how and why the deliveries out of the "customer" account should almost always match. There should not be a significant disparity. https://acrossthestreetnet.wordpress.com/2013/04/26/jamie-dimon-has-issu...

    Can you see what has transpired here?

    Desperate to cover and eliminate their 50,000 contract short position but not wanting to do so through the actual buying of futures contracts for fear of disrupting the building price collapse, JPM decided to eliminate most of the position by settling and closing the short contracts in physical metal, instead. They likely made this decision in the expectation of re-acquiring the metal in the near future at lower prices. So confident were they in this eventuality, they even used customer gold to settle more than half of these obligations.

    The month of June marked the bottom for the manufactured "correction" with price beginning the month at $1390 before trading down to a low of $1179 and closing out the month at $1224. Price has since continued to recover to a last of $1375.

    Not coincidentally, June was also when Uncle Ted first noticed the change of position for JPM and he reported it in early July after reviewing the Bank Participation Report changes from June. Ted got me all worked up so I did some of my own research and wrote about it here. (https://www.tfmetalsreport.com/blog/4824/amazing-cot-and-bpr-gold) The gist of it is this: After years of being net short, the U.S bullion banks were net long, so much so that on the July BPR, they were suddenly net long almost 45,000 Comex gold contracts! This trend then continued onto the August BPR (https://www.tfmetalsreport.com/blog/4929/reconciliation) which showed the four largest U.S. banks to be net long an astounding 59,473 contracts.

    It's important to note here that the BPR does not provide specifics. It simply aggregates the positions of the four largest U.S. bullion banks and the 20 largest non-U.S. bullion banks. So, it's impossible to say with certainty how the 59,473 contract net long position is divided. But consider this:

    On the BPR dated 2/5/13, the 4 U.S. banks had a combined net short position of 69,300 contracts. After five months of deliveries and a $500 price drop, the 4 banks had flipped to 59,473 contracts net long. Now, go back up and reconsider all of the delivery totals listed above. Can you connect the dots??? If not, I'll do it for you.

    JPMorgan decided late last year to rig the gold market lower in order to create the ideal conditions under which they could flip a 50,000 net short position to a sizeable net long position. Price, delivery notices and the CFTC-supplied reports document that they accomplished this feat by covering and delivering shorts while at the same time initiating and buying longs. They have no doubt been on the buy side of the record-setting Large Spec selling: https://www.zerohedge.com/news/2013-05-22/they-better-pray-there-no-short-squeeze.

    And here is where it begins to come together...

    If this is the case, and JPM is now net long a massive amount of gold futures, we should expect a complete change in the recent delivery pattern on The Comex. Instead of JPM being the primary issuer, they should be the primary stopper. Additionally, instead of the other banks being the stoppers, they should now be the issuers, particularly the non-U.S. banks as the August BPR showed them to have a net short position in excess of 22,000 contracts.

    And what has happened this month? Exactly that! As stated above, of the 4,075 total contracts deliveries in August, and noting the huge dropoff from the volume of the three previous delivery months, 3,414 were stopped by JPM with 3,151 specifically designated for the JPM house account. And which firms have been issuing? Deutsche issued 1,116, Barclays has done 447 and Scotia accounted for 463. That's a total of 2026 or 49.7%. Note that all three are non-U.S. banks!

    To me, this proves that Ted is correct. Not only is JPM net long the entire 59,473 shown on the August BPR, their position is likely even higher, offset in the net total by a net short position held by the other three U.S. banks included in the report.

    And now...finally...here's the rub. The Big Kahuna. The Grand Finale. JPM is likely going to want back most, if not all, of the 3,193,900 ounces of gold that they delivered earlier this year. (16,758 customer + 15,181 house = 31,939 contracts = 3,193,900 troy ounces = 99.341 metric tonnes of gold) But the other banks aren't budging...at least not yet. There were only 4,075 total deliveries in August! And note that HSBC has taken delivery of 13,768 contracts so far in 2013 while delivering just ONE. And who is HSBC??? Yes, they're an English company but what do the "H" and "S" stand for? Do you really think that they are going to be in any hurry to return this 1,376,700 ounces of gold to The Comex and JPMorgan??? I'd say that this is pretty unlikely. Think about it. If HSBC would have simply played ball and handed back to JPM the 4,935 contracts that it settled to itself in June, total deliveries for August would have been at 9,000 not 4,000, a pace that would have matched February, April and June. Instead, total delivery volume came in at just 4,075 and JPM was left grasping to deliver any contract it can get its grubby little hands on as the final two delivery days saw JPM House stop 395 of the 419 remaining deliveries (19 out of every 20).

    So, most importantly, what happens next?

    Right now, the total open interest for the typically slow delivery month of October is just 23,758. Of that total, how many do you think are held long by JPM? 5,000? I'll guess we'll see when the deliveries begin next month. More significantly, the total open interest of the December contract stands at 229,838 (that's 60% of the entire Comex gold complex) and this is where JPM likely holds the majority of its net long position. If that's correct...and it most likely is...what the heck is going to happen in December? Is JPM going to simply roll into the Feb14 and the Apr14 OR are they going to stand for delivery AND, if they stand for delivery, are they going to attempt to extract 20,000 contracts or more worth of gold from the other BBs? And if the other BBs get wind of this, are they just going to sit idly by and wait to deliver or will they begin to move net long before it even gets that far? And then you're only left with Spec Shorts who don't have the capability to deliver 2,000,000 ounces of gold because they don't have it. They're just short the paper!

    All of this could and should set off a buying frenzy/short-covering spree like no one has ever seen. Not only could and should price move higher in the weeks and months ahead, it should move dramatically higher, catching nearly everyone (except the readers of this site) by complete surprise.

    Of course, all sorts of unforeseen events could come along and derail this plan so caution is always warranted. War could erupt in the MENA. Another Financial Collapse could materialize. Maybe India really will dump 200 metric tonnes onto the market. Any of these things could happen and nullify this forecast. However, I firmly believe that it is highly likely that this plays out almost exactly as I've described above.

    I hope you're ready. Prepare accordingly.

    TF


    About the Author

    Founder
    tfmetalsreport [at] gmail [dot] com ()

      468 Comments

      Refresh
    SilverSurfers
    Sep 3, 2013 - 7:31am

    cont.

    cont.

    SEXUAL ORIENTATION, FEDERAL RESERVE SYSTEM, PAPER MONEY, MORAL HAZARD, WORLD RESERVE CURRENCY, NATION BUILDING, NANNY-GRANNY STATE, MARKET MANIPULATION, ZIRP, QE, TWIST, TARP

    Floyd1
    Sep 3, 2013 - 7:16am

    (No subject)

    Frank Zappa OUTTAKES You Are What You Is (unissued different versions)
    Orange
    Sep 3, 2013 - 6:36am

    Why no warning? Idiots!

    Israel claims joint US missile launch in Mediterranean for 'target practice'

    https://rt.com/news/ballistic-launch-eastern-mediterranean-343/

    Motley Fool
    Sep 3, 2013 - 6:20am

    Bagofcrazy

    -Yawn-

    The repeated subtle homophobic referencing doesn't bother me in the slightest.

    Having previously taken note that you seem to think the world should take cognizance of your fantasies and act accordingly, I decided to ignore you.

    Perhaps that did not come across clearly enough in my not responding to your crazy at any point, and so I state it plainly.

    Female brand behavioral modification techniques only work when the male in question defers to the female moral judgment in some regard.

    I am not easily influenced, even by such subtle techniques.

    Green Lantern
    Sep 3, 2013 - 6:07am

    Re: Jade

    Big fan of it as I've mentioned before. Well, I'm sort of a rock hound. Anything from the lowly herkimeier diamond to almost extinct stones like ajoite quartz which has almost all been mined.

    But Jade is in a class by itself. Extreme wealth does diversify their none dollar investments and the saying in China is let them have our gold but they can't take our jade. There are historic reasons for this due to some of it's intrinsic proprieties.

    In recent years, Jade has gone off the map as an investment. My investment Jade has almost tripled since 2007. And I ain't selling because there is a real supply/demand issue.

    It's a very difficult market and unless you know what you are doing you can get screwed. Alot of dyed pieces of Jade.

    I'm all for a diversified "NON-DOLLAR" portfolio. And if I had the gelt, I'd be buying tons of Jade, art, numismatics, spanish treasure etc... But as a regular joe, I'll stick with mostly gold and silver but NO questions asked, if I had a windfall of fiat, I'd be buying investment quality jade. Yup, it won't be money, but it might be better.

    Over the weekend, I went to the movies to see a Chinese made movie "The Grandmaster" If you like kung fu movies, this one is outstanding! Zhang Za Yi is extraordinary. Amazing cinematography, great acting, and actually a moral to the story. It's the story of IP Man, Bruce Lee's teacher during WW2 and the Japanese Invasion of China. Some of the actress's in the movie are wearing exquisite jade necklaces. One of the themes of the movie is how power loses control, sour grapes ends in defeat.

    Watcher
    Sep 3, 2013 - 5:30am

    Conspiracies and politics indeed

    C.S. Lewis was once a great atheist until he decided to study the claims of the Bible and Christ. He concluded that there are only three things a person can believe about Christ: He is either a Liar, a Lunatic or what He claims to be, The Lord. Lewis decided after his research that Christ was indeed Who He claimed to be and bowed to Him as the LORD and wrote two books describing it: "Mere Christianity" and "Surprised by Joy".

    Jesus taught there are only two ways, the broad way and the narrow way and that they result in only two destinations: destruction or eternal life.

    Everyone is either lost or saved, a wheat or a tare, a sheep or a goat. Everyone either builds their life on giving (love) or taking (greed which is idolatry). There is no middle ground. There can only be one reality and one truth that describes that reality. There is only way the universe came to be the way it us and only one way humans came to be on this planet. That is reality and truth is what explains that reality. There is either a God or there isn't. Truth can either be known or it can't. Either His cross is God's way of forgiveness or it isn't. Either Jesus is the Savior of the world or He isn't. Either He is the Way, the Truth and the Life or He isn't.

    It's not about whether you're right or left, republican or democrat, liberal or conservative. It's not about politics. He said His kingdom is not of this world, period. You're either in the kingdom of light or the kingdom of darkness, either living under the power of His Spirit or held captive to the power of darkness. And when He returns as He said He would you either will go on into eternal life or you will perish.

    Living in this world we are called to be light and salt. We are called to work for its good and betterment as we are able:

    Jeremiah 29:5 "Build houses and dwell in them; plant gardens and eat their fruit. 6 Take wives and beget sons and daughters; and take wives for your sons and give your daughters to husbands, so that they may bear sons and daughters—that you may be increased there, and not diminished. 7 And seek the peace of the country where I have caused you to live, and pray to the Lord for it; for in its peace you will have peace."

    Psalm 2 lays it out perfectly. Men are conspiring to rule the world but they imagine a vain thing. And we all sit and try to figure out the conspiracies but sit confused because there are many conspiracies. So who will win? The bankster capitalist pigs or the communist totalitarians? Or will it be the Pope or the Muslim nation? Maybe secular humanism and science will prevail. Maybe aliens will come to Earth and save us or maybe we'll just evolve into a better world.

    He who sits in the Heavens laughs at the conspiring and the conspiracy theories. They break off all restraints to God, His Word and His Son to their own peril. God has spoken:

    PSALM 2

    1 Why do the nations rage,
    And the people plot a vain thing?
    2 The kings of the earth set themselves,
    And the rulers take counsel together,
    Against the Lord and against His Anointed, saying,
    3 “Let us break Their bonds in pieces
    And cast away Their cords from us.”

    4 He who sits in the heavens shall laugh;
    The Lord shall hold them in derision.
    5 Then He shall speak to them in His wrath,
    And distress them in His deep displeasure:
    6 “Yet I have set My King
    On My holy hill of Zion.”

    7 “I will declare the decree:
    The Lord has said to Me,
    ‘You are My Son,
    Today I have begotten You.
    8 Ask of Me, and I will give You
    The nations for Your inheritance,
    And the ends of the earth for Your possession.
    9 You shall break them with a rod of iron;
    You shall dash them to pieces like a potter’s vessel.’”

    10 Now therefore, be wise, O kings;
    Be instructed, you rulers of the earth.
    11 Serve the Lord with fear,
    And rejoice with trembling.
    12 Kiss the Son, lest He be angry,
    And you perish in the way,
    When His wrath is kindled but a little.
    Blessed are all those who put their trust in Him.

    Christian rant off/

    Orange
    Sep 3, 2013 - 5:27am

    and reuters responds

    BREAKING NEWS: Israeli military ‘not aware’ of any missile launch in eastern Mediterranean: spokesperson

    https://www.reuters.com/

    it's all ok honey, it was lightning

    Bollocks
    Sep 3, 2013 - 5:23am

    But it's ok when there's money to be made...

    British firms recently sold Syria chemicals which can be used to make nerve gas - the agent allegedly used during last month's deadly attack near Damascus. It's been revealed that London granted export licences last January, when Syria was already ravaged by civil war.

    License to Kill? UK approved sale of nerve gas chemicals to Syria
    Orange
    Sep 3, 2013 - 5:10am

    Thanks achmachat

    https://rt.com/news/ballistic-launch-eastern-mediterranean-343/

    Russia’s early warning radars have detected the launch of two ballistic rockets in the eastern Mediterranean, Russia’s Defense Ministry stated. The launch reportedly took place at 06:16 GMT Tuesday.

    Sep 3, 2013 - 5:10am

    limited government is different from no government

    And even in the anarcho-capitalist scenario given, if one didn't obey a summons, one became an outcast who could be raped or murdered? Is this not a form of coercion? To have to accept a court system or be shunned? What if that system had become corrupt?

    Mr Fix mentioned private systems that were not government. Any system that governs the choices you can make is government. Defending a border, and selecting the people who come in? Who is to do the selecting? A council of elders?

    Saying that violence is immoral except in self-defense is your personal belief. Who is to defend that belief? A utopian guard who only considers your rights? What about your buddy's rights? Who will draw the line between them?

    Yes I could read more about the foundations of anarcho-capitalism, but it answers these questions by substituting private for public, and assuming a degree of cooperation that needs rules to achieve. And some way of enforcing those rules. Shunning is an abhorrent practice to my mind, and so we once again bump into opinion about how to run things. Hence compromise and a set of rules.

    But I am glad to see we have moved from no government to some government. Progress indeed.

    Subscribe or login to read all comments.

    Contribute

    Donate Shop

    Get Your Subscriber Benefits

    Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

    Key Economic Events Week of 9/28

    9/29 8:30 ET Advance trade in goods
    9/29 9:00 ET Case-Shiller home prices
    9/29 10:00 ET Consumer Confidence
    9/30 8:15 ET ADP employment report
    9/30 9:45 ET Chicago PMI
    10/1 8:30 ET Personal Income and Spending
    10/1 8:30 ET Core Inflation
    10/1 9:45 ET Markit Manu PMI
    10/1 10:00 ET ISM Manu PMI
    10/2 8:30 ET BLSBS
    10/2 10:00 ET Factory Orders

    Key Economic Events Week of 9/21

    9/21 8:00 ET Goon Kaplan
    9/21 10:00 ET Goon Evans
    9/21 Noon ET Goon Brainard
    9/21 6:00 pm ET Goon Williams & Goon Bostic
    9/22 10:30 ET Chief Goon Powell on Capitol Hill
    9/22 Noon ET Goon Barkin
    9/22 3:00 pm ET Goon Bostic again
    9/23 9:00 ET Goon Mester
    9/23 9:45 ET Markit flash PMIs for September
    9/23 10:00 ET Chief Goon Powell on Capitol Hill
    9/23 11:00 ET Goon Evans again
    9/23 Noon ET Goon Rosengren
    9/24 1:00 pm ET Goon Bostic #3
    9/24 2:00 pm ET Goon Quarles
    9/24 10:00 ET Chief Goon Powell on Capitol Hill
    9/24 Noon ET Goon Bullard
    9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
    9/24 2:00 pm ET Goon Bostic #4
    9/25 8:30 ET Durable Goods
    9/25 11:00 ET Goon Evans #4
    9/25 3:00 pm ET Goon Williams again

    Key Economic Events Week of 9/14

    9/15 8:30 ET Empire State and Import Price Idx
    9/15 9:15 ET Cap Ute and Ind Prod
    9/16 8:30 ET Retail Sales
    9/16 10:00 ET Business Inventories
    9/16 2:00 ET FOMC Fedlines
    9/16 2:30 ET Powell Presser
    9/17 8:30 ET Philly Fed
    9/18 8:30 ET Current Acct Deficit

    Key Economic Events Week of 9/7

    9/9 10:00 ET JOLTS job openings
    9/10 8:30 ET Initial jobless claims
    9/10 8:30 ET PPI
    9/10 10:00 ET Wholesale Inventories
    9/11 8:30 ET CPI
    9/11 9:45 ET Core CPI

    Key Economic Events Week of 8/31

    9/1 9:45 ET Markit Manu Index
    9/1 10:00 ET ISM Manu Index
    9/1 10:00 ET Construction Spending
    9/2 8:15 ET ADP employment
    9/2 10:00 ET Goon Williams
    9/2 10:00 ET Factory Orders
    9/3 8:30 ET Initial jobless claims
    9/3 8:30 ET Trade Deficit
    9/3 12:30 ET Goon Evans
    9/4 8:30 ET BLSBS

    Key Economic Events Week of 8/24

    8/24 8:30 ET Chicago Fed Idx
    8/25 10:00 ET Consumer Confidence
    8/26 8:30 ET Durable Goods
    8/27 8:30 ET Q2 GDP 2nd guess
    8/27 9:10 ET Chief Goon Powell Jackson Hole
    8/28 8:30 ET Pers Inc and Consumer Spend
    8/28 8:30 ET Core Inflation
    8/28 9:45 ET Chicago PMI

    Key Economic Events Week of 8/17

    8/17 8:30 ET Empire State Manu Idx
    8/17 Noon ET Goon Bostic
    8/18 8:30 ET Housing Starts
    8/19 2:00 pm ET July FOMC minutes
    8/20 8:30 ET Jobless claims
    8/20 8:30 ET Philly Fed
    8/20 10:00 ET LEIII
    8/21 9:45 ET Markit flash PMIs July

    Key Economic Events Week of 8/10

    8/10 10:00 ET Job openings
    8/11 8:30 ET Producer Price Idx
    8/12 8:30 ET Consumer Price Idx
    8/13 8:30 ET Initial jobless claims
    8/13 8:30 ET Import Price Idx
    8/14 8:30 ET Retail Sales
    8/14 8:30 ET Productivity & Unit Labor Costs
    8/14 8:30 ET Cap Ute and Ind Prod
    8/14 10:00 ET Business Inventories

    Key Economic Events Week of 8/3

    8/3 9:45 ET Markit Manu PMI July
    8/3 10:00 ET ISM Manu PMI July
    8/3 10:00 ET Construction Spending
    8/4 10:00 ET Factory Orders
    8/5 8:15 ET ADP employment July
    8/5 9:45 ET Markit Service PMI
    8/5 10:00 ET ISM Service PMI
    8/6 8:30 ET Initial jobless claims
    8/7 8:30 ET BLSBS for July
    8/7 10:00 ET Wholesale Inventories

    Key Economic Events Week of 7/27

    7/27 8:30 ET Durable Goods
    7/28 9:00 ET Case-Shiller home prices
    7/29 8:30 ET Advance trade in goods
    7/29 2:00 ET FOMC Fedlines
    7/29 2:30 ET CGP presser
    7/30 8:30 ET Q2 GDP first guess
    7/31 8:30 ET Personal Income and Spending
    7/31 8:30 ET Core inflation
    7/31 9:45 ET Chicago PMI

    Recent Comments

    by Double Bogey, 5 min 42 sec ago
    by HistoryStudent, 7 min 14 sec ago
    by blue, 13 min 40 sec ago
    by RickshawETF, 16 min 40 sec ago
    by Libero, 18 min 15 sec ago
    randomness