Through The Grinder

This short week was certainly volatile.

Fri, Feb 22, 2019 - 10:49am

Holy cow! Does it not feel like we've been put through the Comex meat grinder this week? But, at the end of the week, here we are with green candles!

And today is working out just as we forecast it would in Thursday's podcast. Yesterday's selling had been overdone and it was likely that we'd bounce back a little overnight and on Comex....and here we are. With lasts of $1332 and $15.88, both Comex metals are now up on the week and, in the end, that's all we can hope for as we ratchet higher in 2019.

There's not much in the way of economic datapoints today but, as we've...

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turd [at] tfmetalsreport [dot] com ()

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Key Economic Events Week of 3/18

3/19 10:00 ET Factory Orders (Jan)
3/20 2:00 ET FOMC Fedlines
3/20 2:30 ET CGP presser
3/21 8:30 ET Philly Fed
3/22 9:45 ET Markit PMIs
3/22 10:00 ET Existing Home Sales
3/22 10:00 ET Wholesale Inventories (Jan)

Key Economic Events Week of 3/11

3/11 8:30 ET Retail Sales (Jan)
3/11 10:00 ET Business Inventories (Dec)
3/12 8:30 ET CPI (Feb)
3/13 8:30 ET Durable Goods (Jan)
3/13 8:30 ET PPI (Feb)
3/14 8:30 ET Import Prices (Feb)
3/14 10:00 ET New Home Sales (Jan)
3/15 8:30 ET Empire State Manu Index
3/15 9:15 ET Cap. Util. & Ind. Prod.

Key Economic Events Week of 3/4

3/5 9:45 ET Markit and ISM services PMIs
3/5 10:00 ET New home sales (Dec)
3/6 8:30 ET Trade Balance (Dec)
3/7 8:30 ET Productivity and Unit Labor Costs
3/8 8:30 ET BLSBS
3/8 8:30 ET Housing starts (Jan)

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