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 6/27

6/27 8:30 ET Durable Goods
6/27 1:25 ET Jul22 Silver option expiry
6/27 10:00 ET Pending home sales
6/28 10:00 ET Consumer Confidence
6/28 10:00 ET Richmond Fed
6/28 12:30 ET Goon Daly
6/29 8:30 ET Q1 GDP final guess
6/29 9:00 ET Chief Goon Powell
6/29 11:30 ET Goon Mester
6/29 1:00 ET Goon Bullard
6/29 1:25 ET Jul22 Silver off board
6/30 8:30 ET PCE and Core PCE
6/30 8:30 ET Pers Inc and Cons Spend
6/30 9:45 ET Chicago PMI
7/1 9:45 ET S&P Manu PMI
7/1 10:00 ET ISM Manu PMI

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