Size Matters

125
Mon, Jul 28, 2014 - 11:49pm

Are you well endowed with a large stack?

As a young ignorant professor, I accepted a position at a college that offered me a job as an "endowed chair of mass communication." They made verbal promises that the endowment would be funded. Well you know what happened… they never endowed it. The “benefactor” had not made the large donation promised and the contract specified it would not be made until she passed away. I had lunch with her one day. She was not that old and in fine health. I should have called CALawyer for advice at that point.

But that small branch of a larger university really wanted to be noticed, so they set up the position anyway. I used to ask for money each year. I told my department chair, “I have this professorship, but I am not well-endowed. He chuckled and then said, “Yes, but in this case, size matters.”

Size also matters with getting ready for the future. This past weekend Gamble put the question to everyone, “How much physical is enough? I thought I was good until I saw a picture of someone's stack, I think there was over a hundred ounces!

First of all, it is never good to compare your metal endowment to pictures others. It can be depressing and guys shouldn’t do that. When I was in college my roommate was a body-builder and he would look at pictures of the muscle-bound hunks flexing their tanned oiled bodies, and it inspired him to work out more. Well in his case, that inspiration was effective because he had a body type that responded to weight-lifting. He was born with it! In my case, no matter how much I worked out (and I did lift with him every day after class), my biceps remained “unimpressive,” as the girls termed it. But I did get strong. Some guys just have a body that will bulk up, and some do not. As for stacking silver, no matter how much I gaze at piles of the shiny metals in my monthly subscription to Stacker magazine, I am unable to get more fiat into my budget to enable a trip down to the LCS without some work or a sensible business deal.

Fortunately, our metals endowments that we are building for ourselves and our families depend not on our body type or someone else’s gift, but on our own desire, needs, and ingenuity in earning the fiat to make the endowment grow.

But a couple of members provided some concrete answers for Gamble:

Erewenguy offered a formula for old guys: “Personally, I am about 65% paper, 25% pm, 10% cash, but then, I'm an "old" guy. At this point in my life living expenses are pretty modest and most new free cash goes into metals for savings rather than for insurance.” I’ll second that formula. My budget is about the same 55% in real estate, 40% in PMs and 5% cash & prep. If the cash grows, it will be allocated appropriately

Icarus also provided a sensible formula for anyone: “your stack times 5 (the estimated appreciation in purchasing power) should be enough to cover all your expenses with a 4% withdrawal rate, assuming that all your government pensions go away.” Simply figure in how many years you’ll need to be supported by that stack and work it in the formula.

Many of us are on a budget and building up a nice stack is not easy. At least it is cheaper these days. A few months after I began in late 2010 I was lamenting that I couldn’t get any silver for under per ounce, that I would have bought much more at if I had only known. When I go to the LCS, I want to be a big player, talk about silver prices and seem important to them. I want to feel the heft of the larger bars, or inspect the gold coins. But as soon as I drift to the cull box of old Morgans or look at the odd generic rounds, they turn remind me to hurry up and make my selection.

But is having the largest stack possible always the best? My wife is far less concerned with the size of my endowment than other factors. She wants to pay off the house and store away enough food and other necessary goods so that we do not struggle to survive. She would rather stock up on toilet paper, toothpaste, her special feminine cabinet in the bathroom, cleaning supplies, an extra broom, detergent, bleach and other such stuff. But my vain heart would much rather go to the coin or gun shop to get things I may need, rather than Wal-mart to get things I will need.

Dr Jerome: Hey honey, how about tonight we go out to dinner, a movie, and then, you know, the kids will be at their friend’s apartment, and we can, you know …

Mrs Jerome: Well, Romeo, we could do that if you hadn’t spent all our money on silver, cutting short our “personal pharmaceutical” budget, you know… with the next one, you get to nurse and change all the diapers.

So clearly we need to prepare in other ways to augment our stacks of metals. The prices of some goods will inflate as the dollar declines, but the prices of other goods may remain somewhat stable or even deflate. As a part time real estate investor, I am expecting the price of homes to continue to languish and perhaps even fall. I will be waiting with my modest stack when they hit bottom again. The family is growing. My son has a serious girlfriend. And while I may refuse to answer the door in our new economy when certain in-laws come knocking, I won’t turn away my kids and their new families. But more people under the roof will require more beds and at least a little more room. So I value diversity in investing—metals are good, but not neglecting everything else we need to feel civilized and care for those we love.

Even though I already said that size matters, it might be best to diversify rather than having the biggest stack possible, because size isn’t everything. Lately, I have had more time than fiat, so we are continuing to prepare our home, building a small storage area off the back porch, still working on my solar system. The materials can be found on Craigslist or at a used building supply near the home, making the projects very affordable. But If I drop my extra fiat for the month on metal, my tools sit idle and the home remains unfinished.

The problem of metal storage seems to be taken seriously here. In response to Gamble’s query, hindsight101 asked, “One issue for me is safe storage. Banks aren't safe. Is one's home safe? How well can it be hidden? How likely are you to reveal the hiding place with a gun to your head?

Those are good questions for all of us to think about. We have all heard the stories about home invasions. As I get older, I am not so sure I want to challenge a gang of thugs who kick down my door, even with a self-protective gear. I have been wondering if a “faux stack” (imported from China perhaps) in a poorly hidden safe would satisfy a burglar while my real stack is hidden elsewhere.

Silver stacks are heavy. Getting it off the bottom of my pond is a real chore, requiring me to dive down, feel around in the mud until I find it, come back up for another breath, go back down, tie on a rope, then get my son in a second boat to help me haul it up. The silver I hid up in the tree is easier to get down, but took me all day to get it up there. My next project is creating a watertight container that I can lower down into my septic tank. Maybe I should just install a “dummy” double switchbox labeled “security lights” by the back door and keep my gold coins in it.

My best protection is secrecy. I don’t want to call attention to my home or let anyone know I am storing anything of value in my pond, tree, or septic tank.

So we are trying to find that balance between accumulating sufficient metal of an unknown quantity that will ease our transition into the new economy. We had some wise advice posted in the thread the other night that I hope will be reiterated here. How much of stack you should have depends on several factors

  • Silver or gold? Silver has more upside potential. Gold is more stable.
  • How old are you?
  • How many people will be depending on you and how old are they?
  • Do you believe the collapse will be fast, total and disastrous? Or will it be slower, partial, and simply force us into a lower standard of living?
  • Will current debt be written off? Will you get off the hook for your mortgage, or will a bank come take your home after the new economy begins?
  • Will bankruptcy laws still apply? Better not count on it.
  • What do you want your standard of living to be?

Personally, I am working to settle my debts before a collapse. The last thing I want are banksters hounding me after a new economy begins—especially if they suspect I am holding out a stack somewhere based on my IP address and participation here. We have no guarantees that your bank loans will be forgiven or written down. If my mortgage company collapses, the note will be purchased nad the new holder will seek repayment—perhaps in revaluated currency. We should expect that the banks will survive and will still have government lapdogs to help them squeeze their debtors. And if you don’t like our government now, just wait until they improve it (for your own good) after the next collapse.

I am stacking and prepping in stages. We initially stacked with all we could (at high prices, I might add) and then started prepping. Later, after the price fell, we switched to stacking more. These days we are back to prepping for the lifestyle we want, with the perspective of our age and trajectory of our children’s lives.

As for metals trading, I have been trading JDST (short 3x ETF) and JNUG (long 3x ETF) with some success, taking profits when I call it right, holding on for the ride when I am wrong. So far so good. I just can’t seem to get trading out of my blood. It keeps me engaged in the site and the metals world more than just simply stacking. Besides, what else will I do with my employer IRA? BTATFH?* I suspect the fund will be MyRA’d* someday no matter what I do with it.

Well, I have asked more questions than I have answered here, but the answers are different for all of us.

As for stacking, yes, bigger is better. You will be thankful for every ounce you were able to add to your endowment. But do not neglect the toilet paper and a roof over your head.

Hey honey, about that date?

* Buy the all time f---ing high.

* the act of government herding of all IRAs into T-bills someday

About the Author

  125 Comments

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Spartacus Rex
Jul 30, 2014 - 1:59am

@Karankawa

Ever considered relocating up to Hill (Heaven on Earth) Country?

Cheers, S. Rex

Karankawa
Jul 30, 2014 - 1:48am

@ Spartacus Rex

"BTW, are you using Solar w/ your incubator? Cheers, S. Rex"

Not currently Spartacus. Though it would be simple to implement.

My A/C went down because of a relay failure a couple of years ago on a Saturday in August. I troubleshot the problem as wasn't going to pay the FRN's for a weekend service call. So I spent two nights in S. Texas in a house that was still livable but unable to sleep in.

I 'fixed' that problem by buying and installing a quality hammock outside in an appropriate spot.

I treated the entire episode as a learning experience of what I would do. That said, I can't currently produce enough high protien food to sustain my quail on my lot anyway for any length of time .... months if that.

If I were younger, I would exit. But neighbors are now listening to me as I've been dropping seeds for a long time. They wouldn't listen to a 20-30 yo here even if they gave them fresh veggies.

I've recently NOT OFFERED anything from my garden. And my dog sleeps on the upper deck and barks when anything comes into her view.

This is all real and people are waking up to it.

I have all of the pics Spartacus, but haven't found time to upload them with any comments. We have many growing seasons in S. Tex and I've started seedlings for Fall Tomatoes and Peppers, I'll be starting seedlings for lettuc and greens in a few weeks. You can direct seed them in the ground here anytime, but it's too hot for them to germinate. I had to wait until Dec last year to get fresh lettuce, because the seeds I planted early September didn't germinate until then because the soil temp was TOO HOT and they didn't come up for a couple of months.

I have a bunch of food stored and thought it was enough to keep me going until the seeds I've stored would provide food. HA! You learn SO MUCH the first year you try.

BTW, I'm not doing this out of destperation, it's really a lot of FUN to be real. I'm having a blast.

RockerBoxerMountainMan
Jul 30, 2014 - 1:47am

MM... sell the rhino.

ZZ Top - I Gotsta Get Paid

MM...

sell the rhino.

RockerBoxer
Jul 30, 2014 - 1:39am

Plenty of San Fran

Plenty of San Fran prospectors hanging around here, think I'll head north of the 49....

MrSteve72
Jul 30, 2014 - 12:52am

How much?

I remember reading somewhere ( could have even been here amongst the turdites ) , that your percentage of metals should be relative to your age.

For example: 30 years old 30% Pm's, 40 years old 40% and so on...

Spartacus Rex
Jul 30, 2014 - 12:40am

@ Dan

I get to an answer for you in a couple of minutes. Cheers, S. Rex

Spartacus Rex
Jul 30, 2014 - 12:38am

@ Karankawa

BTW, are you using Solar w/ your incubator? Cheers, S. Rex

Karankawa
Jul 30, 2014 - 12:17am

@ Mountain Man

"Take Profits Now"

I don't think most people that frequent this site do so for trading in and out of physical metals.

Most here are building their lives and activities to live through a collapse of a corrupt banking system. I know I am. How long will it take? It doesn't matter to me, the longer the better.

My garden gets better every year, as well as the rest of my back yard food production. Trading Real Things with neighbors is fun and community building.

And the real advantage is to look forward EVERY DAY to something I've put into motion take shape and grow/hatch/compost/ferment ... etc.

The wars of the Central Banks are lost when people exit their system.

Nobody can do it all at once. But the MOVEMENT has begun. Hence the Swat teams on people selling food locally.

Won't work today. Too many people 'Get It'.

Michigan DNR quietly stepping on property and privacy rights June 2014
DayStar
Jul 29, 2014 - 11:03pm

Harvey's Up! (TFMR)

Harvey's Up! https://www.tfmetalsreport.com/comment/620984#comment-620984

  • Mark O'Byrne (GoldCore): Geopolitical tension in Europe and in the Middle East is supporting gold. Israel's military pounded targets in the Gaza Strip on Tuesday after Prime Minister Benjamin Netanyahu said his country should prepare for a long conflict in the Palestinian enclave, squashing any hopes of a swift end to 22 days of fighting. Gaza residents reported heavy Israeli bombing in Gaza City. Israeli aircraft fired a missile at the house of a Hamas Gaza leader and flattened it before dawn. An Israeli military spokeswoman said 70 targets were struck in Gaza through the night. At least 30 people were killed in the assaults from air, land and sea, residents said, after a night of the most widespread attacks so far in the tiny enclave.
  • Harvey: Even though options expired on the Comex yesterday, we still have options on the OTC market (between banks and hedge funds off the Comex). Today gold was flying in the Asian time zone hitting its zenith at $1312.00. However our banker friends showed up at their usual and customary time, at the first London fix and whacked gold down to $1305. Then gold rose again to $1310, and then we had two huge flash crashes: 1) which brought gold down to $1301 ii) the second, down to $1295.00, upon which gold then slowly resumed its northerly direction to finish at $1298 at the Comex closing and $1300.00 close on the access. This is nothing but manipulation to the highest degree. The bankers want to profit from all of options underwritten against gold. In paper stories, Israel knocked out Gaza's TV stations as well as it's electrical grid. It now looks like Portugal's second largest bank BES may seek the bankruptcy route. It suspended its shareholder meeting today admitting huge irregularities. It also looks like Argentina will default by tomorrow.
  • Chris Powell: Acknowledging that the usefulness of technical analysis is increasingly doubted as market manipulation intensifies, newsletter writer and technical analyst Tim W. Wood notes today that manipulation is as old as markets themselves and quotes various authorities to the effect that manipulation cannot long defeat any market's "primary trend." But Wood's authorities all precede the seizure of absolute economic power by the U.S. government, implemented by the Federal Reserve and Treasury Department and Treasury's Exchange Stabilization Fund -- the power to create infinite amounts of money and to trade secretly in any market, power that even former central bankers now acknowledge as "financial repression." Wood argues that "the very basis of technical analysis is that everything is discounted into price." Really? So on April 11, 2013, did technical analysis forecast the coordinated and overwhelming attack on the gold market by central banks that would begin on the following day? Does the foresight of technical analysis today really extend into government chancellories as policies are decided privately and then implemented by intermediaries through various instruments and mechanisms, from derivatives to high-frequency trading?
  • Harvey: We had an extremely important commentary from James Turk from late yesterday, in which he states that the bankers will continue to raid gold and silver up to first day notice. The reason is we also have OTC options on gold and silver (off Comex) and they expire on the 31st of July. These in numbers are greater than the Comex and as such are easy pickings for our criminal bankers. James Turk: The central planners are likely to throw everything they can at gold this week, but there seem to be plenty of buyers around $1,300.
  • Nicholas Larkin: The banks that conduct the century-old gold fixing and the London Bullion Market Association will seek proposals next month for a new administrator to run a revamped process for the benchmark by year-end. The London Gold Market Fixing Ltd., which manages the procedure, and the LBMA will open a market consultation in late August and plan to announce a third-party administrator by the end of September, the association said in a statement today. The process will be open and not restricted to firms who pitched to run a mechanism that will replace the silver fixing on Aug. 15.
  • Tyler Durden: With the NY Fed already warning of "significant operational risk," and former Fed officials proclaiming Deutsche Bank is "horribly under-capitalized," along with Barclays 'dark pool' and gold manipulations, it is perhaps not a total surprise that, as WSJ reports, New York's banking regulator is pushing to install government monitors inside the U.S. offices of Deutsche Bank and Barclays as part of an intensifying investigation into possible manipulation in the foreign-exchange market. These two banks were selected because they had the 'greatest potential problems' based on a preliminary investigation.
  • Zero Hedge: Having $50 billion of assets under potential seizure is enough to make anyone wince. However, despite a quickly worded statement on the Yukos award, Vladimir Putin seems less than anxious to find a resolution. We think we know why, and it's very concerning. As The FT reports confirming our earlier comments: The award is a landmark not just for its size – 20 times the previous record for an arbitration ruling. The tribunal also found definitively that Russia’s pursuit of Yukos and its independently-minded main shareholder, Mikhail Khodorkovsky, a decade ago was politically motivated. But perhaps this explains why Putin is not coming out swinging, as The FT concludes, "One person close to Mr Putin said the Yukos ruling was insignificant in light of the bigger geopolitical stand-off over Ukraine. 'There is a war coming in Europe,' he said. 'Do you really think this matters?'"
  • Reuters: In another sign of deteriorating relations between the United States and Russia, the U.S. government said on Monday that Moscow had violated the Intermediate Range Nuclear Forces treaty, and urged immediate bilateral talks on the issue. "This is a very serious matter which we have attempted to address with Russia for some time now," an administration official said in a statement. "The United States will, of course, consult with allies on this matter to take into account the impact of this Russian violation on our collective security if Russia does not return to compliance," the official said. AP adds: An administration official says the United States has notified Russia of its determination that it broke the agreement by testing a new ground-launched cruise missile. The official spoke on the condition of anonymity to discuss sensitive information. The issue has simmered for a few years, but until Monday the United States had not made the accusation public. Russian officials say they have looked into the allegations and consider the matter closed. For the moment, President Barack Obama's administration has provided only limited intelligence to Ukraine and has avoiding supplying weapons to Kiev. But the moment is about to end.
  • Tyler Durden: Operation Protective Edge entered its 22nd day on Tuesday, as Israeli ground forces continued their incursion into Gaza following the government rejection of a cease-fire draft proposed by U.S. Secretary of State John Kerry over the weekend. Earlier in the evening, Haaretz reports the Israeli Air Force struck Hamas chief Ismail Haniyeh's home in Gaza and then Reuters notes that Hamas said that its broadcast outlets, Al-Aqsa TV and Al-Aqsa Radio were also targeted. The television station continued to broadcast, but the radio station went silent.
  • Zero Hedge: The Bank of Portugal reassured everyone last night...Banco Esperito Santo is able to raise capital. Bank of Portugal says BES solvency is assured. But now this...Banco Esperito Santo says shareholder meeting was cancelled. BES says meeting cancelled due to "unexpected facts". BES says "unexpected facts" include ESFG filing for protection. BES says ESFG and Credit Agricole withdrew proposals. And the result: Banco Esperito Santo falls more than 13% in Lisbon trading, and this could go global. Harvey: By tomorrow we may see BES go into bankruptcy protection. Then we will see what happens to all of those credit default swaps.
  • Tyler Durden: With hours to go until Argentina's grace period runs out and default occurs, investors are less than frantically selling Argentine bonds and pesos. They are lower butdo not appear in full panic mode as we presume investors cling to hope that Argentina folds and pays off the holdouts (though there has been no sign of that so far). ARG 2033 bonds are down 3 points to 81 and the black-market peso is modestly weaker at 13.0 (near its record lows). Argentine CDS tightened modestly (as BofA warns the facts surrounding Argentina’s bond payments continue to be unique and deciding if CDS are triggered could take longer than expected) but 1Y CDS are holding at 4600bps (equivalent) - a 52% probability of default. Paul singer continues to defend himself (and the holdouts) from claims they are "dangerous fundamentalists" hell-bent on making it impossible for foreign sovereigns to restructure their debts. Determining whether Argentina’s failure to reach a settlement with holdout creditors tomorrow will trigger a default on bonds and credit-default swaps isn’t clear cut, according to Bank of America Corp.
  • Eric Sprott: If you only listened to the mainstream media, you would be led to believe that the bull market in gold is over. Pack up your bags and head home. The price can only go down from here! Many investors in the Western world have fallen for the MOPE. They believe the propaganda and see gold as a barbarous relic and nothing more. Unfortunately, they are sorely mislead. The East, however, sees gold in a different light. They know that the United States continues to print fiat dollars into oblivion. They see the end game, a return to an asset-backed currency and honest money. Previously, I reported on how China continues to buy vast quantities of gold from the United States. Last year alone, the United States exported a massive 215 metric tonnes of the yellow metal to Hong Kong. A trend that has continued into this year. It appears that the US is not the only ones acting in a foolish manner and dishoarding one of its most valuable assets. According to the latest figures by the Swiss Customs Administration, Switzerland has exported a staggering 600 tonnes of gold to Asia in the first half of this year alone!
  • James Turk: This buying of physical metal explains why gold and silver bounced up off their support so quickly, Eric. The central planners can only push the short side so far, and their agents in the select bullion banks that trade for them know when to cover. These guys all know their limits, but we will continue to get the anti-gold propaganda. For example, the media was quick to tell everyone last week that Goldman Sachs is keeping their year-end gold price target at $1,050. That ‘news’ - coming as it did right after last week’s price slam - probably scared some people and kept them from buying physical metal at those good prices when gold and silver were testing support. Putting aside the propaganda, we have to remember that these attacks on gold and silver don’t always work. And some - like this last one - are short lived. So if you had money on the sidelines waiting to buy and blinked, you missed the low. It’s another reason why I always recommend accumulating gold on a regular basis rather than trying to trade it.
  • Pam Martens and Russ Martens (WSJ): In 2012, Wall Street Journal reporter, Scott Patterson, released his 354-page prescient overview of U.S. market structure titled, Dark Pools: High Speed Traders, A.I. Bandits, and the Threat to the Global Financial System. Patterson comes to an epiphany on page 339 of his book, writing in the notes section: “The title of this book doesn’t entirely refer to what is technically known in the financial industry as a ‘dark pool.’ Narrowly defined, dark pool refers to a trading venue that masks buy and sell orders from the public market. Rather, I argue in this book that the entire United States stock market has become one vast dark pool. Orders are hidden in every part of the market. And the complex algorithm AI-based trading systems that control the ebb and flow of the market are cloaked in secrecy. Investors – and our esteemed regulators – are entirely in the dark because the market is dark.” We totally agree with Patterson that U.S. markets are the darkest they have ever been in history – the lights have gone out. And as each light has flickered and dimmed, public confidence has drained from the system, leaving it today as the unsafe battlefield of hedge funds, high frequency traders and dark pool operators.

All this and more on...

The Harvey Report!

https://www.tfmetalsreport.com/comment/620984#comment-620984

DayStar

Hammer
Jul 29, 2014 - 11:01pm

RUT 150MA anyone ?

RUT 150MA anyone ?

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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

Key Economic Events Week of 7/20

7/21 8:30 ET Chicago Fed
7/21 2:00 ET Senate vote on Judy Shelton
7/22 10:00 ET Existing home sales
7/23 8:30 ET Jobless claims
7/23 10:00 ET Leading Economic Indicators
7/24 9:45 ET Markit flash PMIs for July

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