Wednesday Wake

Market closures make for a dull day.

With the public funeral for president George HW Bush today, most of the major US markets are closed. This means no stock market and no bond market. However, Comex is trading so let's take a look and see where we are.

For Comex gold, it has been a rangebound day with an overnight low of $1239 followed by a recent high of $1244. I now have a last of $1242. Obviously, not much has changed today but the trend is clearly in our favor. I'm still unable to discern whether or not there will be a BLSBS on Friday as scheduled. If anyone reading this can find a link of explanation, please...

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Key Economic Events Week of 8/15

8/15 8:30 ET Empire Fed Manu Idx
8/15 10:50 ET Goon Waller
8/16 8:30 ET Housing Starts
8/16 9:15 ET Cap Ute and Ind Prod
8/17 8:30 ET Retail Sales
8/17 9:30 ET Goon Bowman
8/17 2:00 ET July FOMC minutes
8/18 8:30 ET Philly Fed Manu Idx
8/18 10:00 ET LEIII
8/18 1:20 ET Goon George
8/18 1:45 ET Goon Kashnkari
8/19 9:00 ET Goon Barkin

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