Waiting For CGP

Another day, another FOMC circus.

30
Wed, May 1, 2019 - 10:38am

Chief Goon Powell takes center stage today with his latest fedlines at 2:00 pm EDT, followed by a presser at 2:30. In the meantime, here are a few items to consider.

So far today, not much is happening. Bonds are mostly flat while the POSX is actually down about 15¢. However, NONE of this matters to Comex silver. Price continues to be leaned upon by the Large Specs in their attempt to make a profit. Thus, every move toward $15 is immediately thwarted. Hmmm. Let's see what happens this afternoon......

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Key Economic Events Week of 7/26

7/27 8:30 ET Durable Goods
7/27 9:00 ET Case-Shiller home prices
7/27 10:00 ET Consumer Confidence
7/28 2:00 ET FOMC Fedlines
7/28 2:30 ET CGP presser
7/29 8:30 ET Q2 GDP first guess
7/30 8:30 ET Personal Income and Spending
7/30 8:30 ET Core Inflation
7/30 9:45 ET Chicago PMI
7/30 10:00 ET UMich Consumer Sentiment

randomness