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
    Mr. Fix
    Sep 2, 2013 - 10:12pm

    Ron Paul Asks.........Does It Matter?

    Ron Paul Asks "Will Congress Endorse Obama's War Plans? And, Does It Matter?"

    Submitted by Tyler Durden on 09/02/2013 - 19:57

    President Obama announced this weekend that he has decided to use military force against Syria and would seek authorization from Congress when it returned from its August break. Every Member ought to vote against this reckless and immoral use of the US military. But even if every single Member and Senator votes for another war, it will not make this terrible idea any better because some sort of nod is given to the Constitution along the way. Besides, the president made it clear that Congressional authorization is superfluous, asserting falsely that he has the authority to act on his own with or without Congress. That Congress allows itself to be treated as window dressing by the imperial president is just astonishing... We are rapidly headed for the same collapse as the Roman Empire if we continue down the president's war path.

    silver66
    Sep 2, 2013 - 10:07pm

    GSR-Murphy

    I was thinking around 45, I have added a lot of silver in the mid 50's GSR with the mindset that I was getting gold at a discount.

    Silver66

    BagOfGoldcpnscarlet
    Sep 2, 2013 - 9:56pm

    Cpnscarlet...

    Miles to go (before I sleep) - Celine Dion HQ
    Stopping By Woods On A Snowy Evening

    By Robert Frost

    Whose woods these are I think I know.
    His house is in the village though;
    He will not see me stopping here
    To watch his woods fill up with snow.

    My little horse must think it queer
    To stop without a farmhouse near
    Between the woods and frozen lake
    The darkest evening of the year.

    He gives his harness bells a shake
    To ask if there is some mistake.
    The only other sound's the sweep
    Of easy wind and downy flake.

    The woods are lovely, dark and deep.
    But I have promises to keep,
    And miles to go before I sleep,
    And miles to go before I sleep.

    Stayed tuned for the next update!!!...

    Bag Of Gold

    DeaconBenjamin
    Sep 2, 2013 - 9:52pm

    Chinese jade more precious than gold

    By Wang Jie (Shanghai Daily) 08:12, September 02, 2013
    One of Wang Junyi’s highly praised works is this butterfly shaped from a piece of jadeite that gradually “changes” colors. (Shanghai Daily)

    Many wealthy Chinese today drape themselves in European luxury-brand jewelry made of gold, platinum, diamonds and other glittering gemstones.

    By contrast, ancient Chinese of means and taste often preferred creamy white hard jade that did not advertise wealth but symbolized beauty, purity, nobility, perfection, constancy, durability, power and immortality.

    Jade was the ultimate understated symbol of luxury.

    It is said by Chinese that "gold has value but jade is invaluable."

    The medals at the 2008 Beijing Olympics were set in white jade mined in the Kunlun Mountains of Qinghai Province.

    Hard jade (jadeite) is difficult to carve and chisel and must be worn away by abrasion, a laborious process. Thus, it was the symbol of power. Jade ornaments and items were used and worn by royalty and nobility.

    The history of jade is as long as Chinese civilization; archeologists have found jade objects from the early Neolithic Period (around 5000 BC).

    Jade was carved into sacrificial vessels, ornaments, utensils, tools and many other objects. Also a symbol of immortality, jade was buried with the dead and believed to hasten the passage to the next world.

    Many funerary objects have been unearthed, including a royal jade burial suit composed of 2,498 pieces of jade, sewn together with gold thread. It encased the body of Liu Seng, ruler of Zhongshan State (113 BC) in the Western Han Dynasty (206 BC-AD 24).

    Jade flutes and jade chimes were said to make especially heavenly music.

    Confucius (551-479 BC) said jade has 11 virtues. "Its shine and brilliance represent purity and its perfect compactness and extreme hardness represent the sureness of intelligence."

    Because jade stands for beauty, grace and purity, it has been used in many Chinese idioms, such as bing qing yu jie (pure and noble 冰清玉洁) and ting ting yu li (fair, slim and graceful 亭亭玉立). The Chinese character for jade (yu 玉) is often used in women's names.

    Jade was said to have health benefits, such as balancing yin and yang energies and curing disease.

    It is generally classified into hard jade or jadeite ying yu (硬玉) and soft jade or nephrite ruan yu (软玉).

    https://english.peopledaily.com.cn/90782/8385310.html

    murphy
    Sep 2, 2013 - 9:47pm

    BOG

    Absolutely! Saw him right away. Mouse is on my right as well.

    @66- Need the ratio to get to under 40 to 1 for me.

    cpnscarlet
    Sep 2, 2013 - 9:47pm

    BOG...

    Love the Phaser-goat and Giger's Alien playing with his hand-held.

    (no place for cap'n?)

    Gramp
    Sep 2, 2013 - 9:28pm

    China's manufacturing activity at 16-month high

    Full article here: https://www.bbc.co.uk/news/business-23894483

    "There have been concerns that its growth rate may slow further in the coming months, not least because of a slowdown in demand for Chinese exports from key markets such as the US and Europe.

    That has hurt China's manufacturing and export sectors, which are key drivers of its economic growth.

    Prompted by the slowdown in external demand, Beijing has been trying to boost domestic consumption in an attempt to rebalance the economy and sustain high levels of growth.

    Last month the government suspended value-added tax and turnover tax for small businesses with monthly sales of less than 20,000 yuan ($3,257; £2,125).

    The decision is expected to benefit more than six million small companies and boost employment."

    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    (Gramp)

    What a concept!

    SilverSurfers
    Sep 2, 2013 - 9:27pm

    Heads Up

    from Zeal, gold production declining. JPM may know something.

    https://www.zealllc.com/2013/golddec.htm

    Gold’s precipitous decline in the first half of 2013 sent shockwaves throughout the entire mining industry. Its scary panic-induced 28% plunge over just six months has forced the miners to revisit their development plans. And this will no doubt have an adverse impact on global mine production in the years to come.

    is under your tail? Wad, ....

    Sam Kinison Under My Thumb
    silver66BagOfGold
    Sep 2, 2013 - 9:26pm

    Sweet baby Jesus !!!

    I've made it as a tattoo on a wrestler , I am at peace now

    If I am not mistaken MF is in there twice?

    Silver66

    P.S. anyone thinking of trading some silver for gold if the ratio keeps improving?

    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 10/19

    10/19 11:45 ET Goon Chlamydia
    10/20 8:30 ET Housing Starts
    10/20 1:00 pm ET Goon Evans
    10/21 10:00 ET Goon Mester
    10/21 2:00 pm ET Fed Beige Book
    10/22 8:30 ET Initial Jobless Claims
    10/23 9:45 ET Markit Oct flash PMIs

    Key Economic Events Week of 10/12

    10/13 8:30 ET CPI and Core CPI
    10/14 8:30 ET PPI
    10/14 9:00 ET Goon Chlamydia
    10/15 8:30 ET Philly Fed
    10/15 8:30 ET Empire State Idx
    10/15 8:30 ET Import Price Idx
    10/16 8:30 ET Retail Sales
    10/16 9:15 ET Cap Ute & Ind Prod
    10/16 10:00 ET Business Inv

    Key Economic Events Week of 10/5

    10/5 9:45 ET Markit Svc PMI
    10/5 10:00 ET ISM Svc PMI
    10/5 10:45 ET Goon Evans
    10/6 8:30 ET Trade Deficit
    10/6 10:00 ET JOLTS job openings
    10/6 10:45 ET Chief Goon Powell
    10/7 2:00 ET Sept FOMC minutes
    10/7 3:00 ET Goon Williams
    10/8 8:30 ET Initial jobless claims
    10/9 10:00 ET Wholesale Inventories
    10/9 12:10 ET Goon Rosengren

    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

    Recent Comments

    Forum Discussion

    by Pete, 39 min 16 sec ago
    by Green Lantern, 5 hours 59 min ago
    by 11IMIX, 7 hours 5 sec ago
    randomness