2020 Foresight

A look ahead to a volatile but profitable year.

41
Mon, Jan 6, 2020 - 11:35am

The year 2019 unfolded just about as predicted in our annual look-ahead post entitled "2010+9". And that's nice. But it's all for naught if we fail to correctly forecast where we go from here. With that in mind, here's a first look at what to expect in 2020.

These annual forecasts are risky business. Get it wrong and you create a paper trail for trolls to poach for years to come. Get it right and you get a few backslaps while being told that anyone could have foreseen the predicted events so get over yourself. Which leads me to wonder why I started making these forecasts in the first place...but here we go again.

First a recap...

  • As 2017 began, we were told that the election of Trump would crash gold prices due to a soaring dollar, a surging U.S. economy and a bursting of the bond bubble. This narrative seemed ridiculous at the time and we were right...it was. And we wrote about it on January 17, 2017: https://www.tfmetalsreport.com/blog/8103/questioning-generally-accepted-...
  • The following year, even more supposed experts were calling for triple-digit gold prices and a resumption of the bear market. They were proven wrong. At TFMR, we expected prices to be steady and rising instead as three themes would support prices. This was posted on January 4, 2018: https://www.tfmetalsreport.com/blog/8755/three-themes-2018
  • And last year at this time, all of the 8-figure Wall Street economists were insisting that gold would crash as the Fed hiked rates as many as four times in 2019. These same clowns expected the yield on the US 10-year note to rise to 5%! This was utterly ridiculous for reasons we've discussed here for the past decade. So instead, we figured that 2019 would play out a lot like 2010 and forecasted "the best annual gains since 2010" in this post dated January 14, 2019: https://www.tfmetalsreport.com/blog/9151/2010-9

OK, so what are all of the mainstream "experts" forecasting for 2020? It's as if they never learn! The consensus is again for stable to higher interest rates, a rising dollar, a growing US economy and flat-to-falling precious metal prices. As you might expect, I disagree.

Let's start with that interest rate forecast. Back in December, Chief Goon Powell attempted to convince everyone that The Fed's preemptive easing cycle had run its course and that interest rates would remain unchanged for the balance of 2020. He also claimed that the REPO crisis was under control and that his current debt monetization scheme of $60B/month in T-bill purchases was "definitely not QE". All of this is simple garbage and SPIN.

Instead, the year 2020 will see a continued slowing of the U.S. and global economies and the new geo-political worries will only worsen the decline. The Fed will be forced to resume their fed funds rate cut policy and, as the U.S. must fund a minimum budget deficit of $1.2T, they will also begin monetizing longer-term treasury notes. In case you missed it, the FOMC openly admitted this in the minutes of their December meeting. See below: https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20191211.pdf

It's not just the REPO & Liquidity Crisis that will cause the rate cuts and expansion of QE, it's the faltering US economy, too. Led by the manufacturing sector, the US economy is stumbling into contraction and recession, just as it did in 2010-2011. See this Reuters link: https://www.reuters.com/article/us-usa-economy-pmi/december-us-factory-a...

From that summary, check this excerpt:

So, will these PMIs drop to near 40 in the months ahead? Check this DeutscheBank chart from last October. Given how accurate this has been in the 90 days since, I'd say the chances are pretty high.

So the global economy is faltering and the central banks will soon be forced into more rate cuts and debt monetization. The only other piece of the puzzle is the forex market, specifically the U.S. dollar. While not a direct correlation to dollar gold prices, a rising or falling dollar can provide either a head or tail wind. Check the chart below. With the dollar index breaking down along with a bearish "death cross" of its key moving averages, does it appear that those dollar winds will be in our face or at our back in 2020?

So there's your macro forecast for 2020...a slowing economy and surging fiscal deficit leads to more QE, lower interest rates, negative real (inflation-adjusted) rates and a falling dollar.

But let's get to the heart of the matter...the prospects in 2020 for gold, silver and the mining shares.

At this critical time, no forecast of PM prices should begin without first noting the extreme, all-time high levels of contract open interest on the Comex. In desperate protection of their established (and now deeply underwater) short positions, The Banks in 2019 increased the total supply of Comex gold contracts by 329,806 contracts or about 73%.

(As an example of the criminally-fraudulent nature of this exchange, be sure to note that 329,806 contracts is the equivalent of 32,980,600 pretend gold ounces and that year-end total open interest was 786,166 contracts for 78,616,600 pretend ounces. For reference, total global mine supply for 2019 will likely be around 90,000,000 actual, physical ounces.)

Prices rallied regardless but the change in Bank/Commercial positioning is significant. On the CFTC-issued Commitment of Traders report, the "Commercials" began 2019 with a NET short position of 92,700 gold contracts. As of the most recent report, these same "Commercials" now hold a new alltime high NET short position of 366,500 contracts. Specific to The Banks, the CFTC also issues a monthly Bank Participation Report. As 2019 began, The Banks reported a NET short position of 88,265 contracts. Here in early January 2020, it's now 225,111 contracts. So, again, any guesses as to the prospects for additional gains in Comex gold prices must be tempered due to the extreme positioning of these market-dominating Banks.

However, this does NOT mean that prices can't go higher in 2020. Given the macroeconomic forces discussed earlier in this post, they almost certainly will. However, it's not going to be easy and The Banks will fight against every uptick. The old alltime high for Comex gold open interest was seen in 2016 near 660,000 contracts. We're now near 800,000 and The Banks will not hesitate to take it to 900,000 or even 1,000,000 in 2020. This continued dilution will impact price, you can be certain of that.

Regardless, I expect higher gold prices in 2020. How high? The first key level to watch will be a weekly close above $1550. Last Friday, January 3, saw our first close above that level but that was primarily due to the current geo-political concerns. What will be needed is a sustained move above this key level. And why is $1550 so important? For nearly 19 months...following the price peak in September of 2011...the area around $1550 held as important support. Now on the way back up, this area acts as significant resistance.

I think the breakout above $1550 comes in Q1 of this year and, once that's accomplished, the next target is near $1650. If we finished the year there, Comex gold would register an annual gain of about 8.5%. While nothing to sneeze at, that seems a little light given all that we've laid out above. So an aggressive target for 2020 is actually $1800 or so. That would be a 25% gain on the year. Can we get there? Again, given the already-bloated OI and CoT positioning, it's not going to be easy but it's certainly possible.

Turning to Comex silver...it, too, has seen its open interest and Bank positioning increase greatly in 2019, but not nearly to the extreme as Comex gold. Therefore, the fight for gains will be challenging but not insurmountable.

In our 2010+9 forecast last year, I thought Comex silver could reach all the way to $20 and maybe even $22. As you know, it reached $19.75 in early September before sliding backward to finish the year at $17.90. For 2020, eclipsing $18.50 on a weekly closing basis will be the first step, followed a trip to $20. Once above there, the clear and obvious target is $22.

Just getting to $22 would signify a 23% gain and that would seem to be an appropriate expectation. However, IF things can really get rolling, then the all-important and critical resistance of $26 will come into view. Can we get there in 2020? We'll just have to see how bad the macro picture gets. In the meantime, even a move to $22 will be sufficient to spark the mining shares even higher.

And let's conclude with the mining shares because, if you want to make some old-fashioned fiat currency trading profits in 2020, this will be where the action is.

Why? As Grant Williams and Rick Rule have noted, total global asset allocation to the entire precious metal sector remains below 1%. The highest it has ever been was in 1980 when it reach 8% while the long-term median is closer to 2.5%.

So let's just say that all of the macro factors listed above come to pass. Let's also assume that precious metals prices continue with just a gradual incline this year. Taken together, these two factors will have a significant impact on the viability and profitability of the mining companies and large institutions...think hedge, mutual and pension funds...will take notice.

With gold prices remaining above $1500, the Q4 2019 earnings reports for the major producers (due in late January and early February) will again show 3-5X growth over Q4 of 2018. As metal prices continue higher, the reports for Q1 2020 will be even better. This WILL get the attention of global money managers seeking "alpha" and precious metal exposure.

So what happens if that global asset allocation percentage moves back to the long-term median of 2.5%. Where will that cash go? Sector exposure will be sought and demand for precious metal IN ALL ITS FORMS will grow. This means that a huge flow of funds will be looking for a home...but there are VERY limited opportunities! Thus a "crowding in" of investment dollars will very likely spark out-sized gains for the mining shares in 2020. Just how out-sized?

At present, the GDX is moving up toward significant resistance at $31-32. This area is important because it is the gap on the chart from the April 2013 smash AND the peak from the rally in 2016. The flow of institutional funds will really kick in once price is above this level and, once it does, the target becomes $40 and then $50. A move from the current $29 to the expected $50 would be a gain of 72%. That certainly qualifies as "out-sized".

However, IF Comex gold can stretch toward $1800 and/or IF Comex silver can stretch above $22, then the gains in the juniors and explorers will be even better. At present, the GDXJ ETF is trading near $42. Once above $55, first $70 and then even $100/share come into view.

In summary, you should expect a continuation of this renewed bull market in 2020 as the macroeconomic forces that drive demand for precious metal in 2019 extend and worsen in 2020. However and as always, these gains will not come easy as The Banks will fight us every step of the way.

In dollar terms, precious metal prices will see another year of strong gains so prepare and stack accordingly. However, if you can withstand the volatility and you want to have some fun, there will be sizable fiat profits to be booked from the mining shares and this sector will likely receive some additional focus here at TFMR in 2020.

Thus now is the time to join us at TFMR. Not only do you receive daily analysis and podcasts, you'll gain access to the greatest and most knowledgeable community of investors on the internet...and all for just 40¢/day. You can learn more about a monthly or annual subscription here: www.tfmetalsreport.com/subscribe

Let's make it a great 2020!

TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  41 Comments

  Refresh
ivars
Jan 9, 2020 - 6:57am

Cup and holder

Was there such a chart pattern?

umunhumgold way p
Jan 7, 2020 - 10:51am

The Secret of the Seals - Completely Off Topic

The Book of Revelation and its 7 Seals is a Metaphor for the Spine and its 7 Chakras

In chapter one of The Book of Revelation Jesus tells his disciple John to look at him and write down what you see

And he saw 7 Candlesticks glowing within the Son of Man (REV 1 12)

These are the 7 Chakras or Seals

Opening up the 7 Seals frees you from physical existence which is why The Kingdom of Heaven opened up for Jesus after he opened the 7 Seals

And so your first question should be How do I open these 7 Seals?

First you must understand what you are experiencing

In the Parable of Adam and Eve there were two Trees growing in the Garden of Eden just as there are two ways Energy can flow through your Nervous System

The Tree of Knowledge connects you to the mind and 5 senses or the external world

The Tree of Life connects you back to GOD or the internal world (The Kingdom of Heaven is Within You)

This is also represented by Hermes Caduceus as Hermes was the original Alchemist

The Two Snakes that cross each other as they go up the pole and face each other near the top, represent your Sympathetic Nervous Systems which are called the Two Witnesses in The Book of Revelation as they record everything in your nervous system

The Pole in the middle with wings on the top is your Central Nervous System

When the energy is flowing through the sympathetic nervous systems, individual consciousness is presented to the Soul by the Mind

When the energy is flowing up the central nervous system, it clears the blockages (Karma) and eventually opens up the Seals bringing about Christ Consciousness as you become an Angel (wings) and are freed from physical existence

And so the next question should be How do I get the energy to flow up the central nervous system

You Follow Jesus and Take Up Your Cross which balances the sympathetic and Parasympathetic Nervous Systems

As written in The Gospel of Philip:

What is the resurrection?
Image must rise again through image.
The bridegroom and image enter through image into truth, which is restoration.

It is right that those who don’t have it take on the name of the father and son and the holy spirit.
But they have not done so on their own.
If you do not take on the names for yourself, the name “Christian” will be taken from you.
You receive them in the oil of the chrism, the aromatic unction of the power of the cross.
The messengers called this power “the right and left.”
You are no longer a Christian but Christ.

Here is another passage from The Gospel of Philip:

The chrism is superior to baptism.
From the word chrism we have been called Christians, and surely not from the word baptism.
And because of the chrism Christ has his name.
The father anointed the son, and the son anointed the messengers, and the messengers anointed us.
Who has been anointed possesses everything:
resurrection, light, cross, holy spirit.
The father gave him this in the bridal chamber.
He merely accepted the gift.
The father was in the son and the son in the father.
This is the kingdom of heaven.

So GOD gives the son everything in The Bridal Chamber

What is The Bridal Chamber?

It is what Moses called The Ark of the Covenant and Noah called it an Ark

It is your Nasal Pharynx

It is where GOD divides into Male and Female Components to Manifest

Once again the word Spirit literally means to Breathe

And that is why controlling and directing the energy contained within your breath (Holy Spirit) is how you experience your Spiritual Birth

How do you control your Breath?

As Jesus taught in Matthew 7 13:

13 Enter ye in at the strait gate: for wide is the gate, and broad is the way, that leadeth to destruction, and many there be which go in thereat:

14 Because strait is the gate, and narrow is the way, which leadeth unto life, and few there be that find it.

This passage is describing Khechari Mudra - Which leads to LIFE (tree of Life):

khechari mudra -demo / кхечари мудра - демонстрация

When your tongue is in the wide gate (mouth) you cannot control your breath and so the energy within the body flows through the sympathetic nervous systems and you experience individual consciousness

When you raise your tongue into the nasal pharynx, you can take up your cross or practice Alternate Nostril Breathing which balances the two poles of energy flowing through your body and makes the energy flow up the Central Nervous System clearing the blockages and opening up the Seals and you become a Christ

There is a passageway in your Nasal Pharynx above your right nostril that leads directly to your Pineal Gland

There is a passageway in your Nasal Pharynx above your left nostril that leads directly to your Pituitary Gland

When you stimulate these glands with energy coming from the tongue, they start producing hormones that Moses referred to as The Milk and Honey

The absorption of these hormones with the tongue put you into a deep meditation called Samadhi or Union with GOD as both the Heart and Breath stop completely, the body goes into a stasis, and you are freed from physical existence

Everyone knows that the Pineal Gland produces a hormone called Melatonin that puts you into a Deep State of sleep called REM Sleep

When stimulated by energy from the tongue, the Pineal Gland can make a much stronger hormone called DMT which disconnects the Soul from the Mind

As Jesus taught the only way to the Father is Through Me

You must become a Christ just like Jesus by opening up the 7 Seals and your True Nature will be Revealed to you

Moses had to Part the Red Sea with the Rod of GOD (raise his tongue into Khechari Mudra) so he could go up to the land of Milk and Honey (Absorb the Hormones the Pituitary and Pineal Glands Make)

Moses was Never a Slave in the physical sense, he was a Slave to his Mind (The Pharaoh) just like you are

Moses destroyed the Pharaoh's army (Desires of his Mind) by raising his tongue and connecting it to the top of his nasal pharynx

Most people cannot meditate because their mind is too active

Desires to do anything but meditate come about when they try

Everybody has felt a buzz right before they sneeze at the point between their eyebrows

When you part your mouth with your tongue (Rod of GOD) and connect it to the top of the nasal septum, there is a bundle of nerves there and you actually complete a circuit in the body and start awakening a dormant part of your Brain

Pressing upon these nerves creates a buzz and placates the mind giving it something to focus on

The Mind (Brainstem or Medulla Oblongata and Pons) utilizes the right and left hemispheres of the brain separately and is located at the top of the Spine

The Optic Thalamus is located at the center of the brain and gives you abilities that the mind does not have (Christ Consciousness)

This is why Jesus said that you are of this world, I am not of this world

Khechari Mudra shows up in many passages in The Bible

For example Ezekiel 3 26 GOD tells Ezekiel to Meditate and I am going to make your tongue cleave to the roof of your mouth, I will teach you things and I want you to go out and teach other people what you have learned

Which is why I am responding to you because the same thing happened to me

Joshua strangled the 5 Kings (Senses) that were Hiding in a Cave (Nasal Pharynx) by placing his boot on their neck (pressing upon the nerves where the sensory perception flows into the mind with the tongue)

Most people live their entire life never recognizing that their breath flow is alternating nostrils every hour that brings polarity into their body trapping them into physical existence

This is the reason that a Dragon was waiting for the pregnant woman to give birth so it could devour her baby as soon as it was born in Chapter 10 of Revelation

As soon as a baby is born it starts breathing, the breath comes into the body imbalanced, powers up the mind and sympathetic nervous systems which start storing experiences which make up the illusion of individuality
The Dragon (Mind) gives power to the Beast (Physical Body)

In The Book of Revelation the Number of the Beast is 666 because you must inhabit a Carbon based Life form to interact with the physical world

Carbon has 6 Protons, 6 Neutrons and 6 Electrons

It will be the End of Time and Space (The two beasts that die) when you open the 6th Seal because the breath can no longer enter the body imbalanced after you open the 6th Seal

You have Always been and will Always be GOD which is the Force that Powers up the physical body

As Jesus taught "Ye are GODS" (John 10 34)

GOD is the Infinite Unmanifested Potentiality

The Infinite (GOD) can only have a finite experience through an illusion

Individuality is that illusion that is created by allowing the breath to enter the body imbalanced

GOD Breathed the Breath of Life into Adam and he became a living Soul

This is also explained in the first few sentences of The Book of John:

3 All things were made by him; and without him was not any thing made that was made.

4 In him was life; and the life was the light of men.

5 And the light shineth in darkness; and the darkness comprehended it not.

GOD is what gives life to man

Individuality (Darkness) is a Covering that has come over you and obscures your true nature

This passage is from The Gospel of Thomas:

(22) Jesus saw infants being suckled. He said to his disciples, "These infants being suckled are like those who enter the kingdom."
They said to him, "Shall we then, as children, enter the kingdom?"
Jesus said to them, "When you make the two one, and when you make the inside like the outside and the outside like the inside, and the above like the below, and when you make the male and the female one and the same, so that the male not be male nor the female female; and when you fashion eyes in the place of an eye, and a hand in place of a hand, and a foot in place of a foot, and a likeness in place of a likeness; then will you enter the kingdom."

This is a summation of everything I wrote above

The infants suckling references raising your tongue and absorbing the Milk and Honey that the Pituitary and Pineal Glands make

Make the two one Is balancing the breath flow so the energy within the body flows up the central column instead of the sympathetic systems

Making the inside like the outside above and below is balancing the Polarity within the body

Making the male and female one and the same refers to Khecari Mudra

Physically you are either a male or female but Spiritually you are complete

You have both a Phallus (your tongue) and a Yoni (Your Nasal Pharynx)

You focus on your Third Eye or Fashion your eyes in the place of an eye (Shambhavi Mudra)

And finally you do this seated in Full Lotus Posture (hand in hand, foot in foot)

Sitting in this posture makes the blood pool at the base of the spine so you can magnetize the energy within you and raise it up your Spine

Ozymandias
Jan 6, 2020 - 7:56pm

Delete

deleted

gold way p
Jan 6, 2020 - 6:56pm

NW VIEW

I know the bible story in revelations, the confusion is umunhum wrote how the human can release some energy that he referred to As a seal, which could be in the mind or maybe the fallen nature so that we are set free, I think that is double talk for the holy spirit, but he made it sound very occult or hidden mystery which confused me about how a human opens the seal for their own redemption.

NW VIEWgold way p
Jan 6, 2020 - 5:58pm

A secret, nope: The Treasure is in standing:

Revelation 6:12-17 New American Standard Bible (NASB)

The Sixth Seal—Terror

12 I looked when He broke the sixth seal, and there was a great earthquake; and the sun became black as sackcloth made of hair, and the whole moon became like blood; 13 and the stars of the sky fell to the earth, as a fig tree casts its unripe figs when shaken by a great wind. 14 The sky was split apart like a scroll when it is rolled up, and every mountain and island were moved out of their places. 15 Then the kings of the earth and the great men and the [a]commanders and the rich and the strong and every slave and free man hid themselves in the caves and among the rocks of the mountains; 16 and they *said to the mountains and to the rocks, “Fall on us and hide us from the [b]presence of Him who sits on the throne, and from the wrath of the Lamb; 17 for the great day of their wrath has come, and who is able to stand?”

allenbNoteriety
Jan 6, 2020 - 5:57pm

Propaganda

Noteriety.

I'll say it for you.

The tweet is bullshit. You can not travel backwards in time. The energy frequencies would be in reverse. Matter would become anti matter, pasta would become anti pasta and you would end up getting the wrong food at the Italian resteraunt .

Huntlee55Angry Chef
Jan 6, 2020 - 5:54pm

The axis of resistance

Because Soleimani cooperated with us doesn't mean he was a good guy. In WW1 we were allied with the Soviets. When the Soviets were in Afghanistan we cooperated with Bin Laden.

You ask who benefits? If Trump is telling the truth that he prevented Soleimani plans to target the US we do. Because we only know what we hear second hand form others we may never really know.

gold way p
Jan 6, 2020 - 5:43pm

Umunhum

Please let me know the secret of the seals, if they were from the book of revelation or just somewhere else. I thought the seventh seal was the end of the age, whatever that means.

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

Joseph Warren
Jan 6, 2020 - 5:22pm

How Long Till Collapse ?

Hmmmm . . . just ‘Doom & Gloom’ fear porn. or is it Reality ?

http://alt-market.com/index.php/articles/4049-how-long-will-it-take-for-...

silverseeker
Jan 6, 2020 - 5:08pm

Leverage in the Casino and counter-party risk going into 2020

The calculus of risk vs reward is changing.

I'm increasing my allocation to physical stacking so long as Silver remains <$25/ounce this year and Gold:Silver remains >80:1.

  • The perceived leverage of Futures Contracts, Mining shares, metals ETFs, etc is highly distorted due to the decades long scheme of increasing open interest in ever more paper derivatives vehicles masking the ever larger ratio of promises / real metal available on demand. Record high paper promises, backed by soveign scale manipulation, all payable in potentially worthless fiat scrip.
  • Risk of 'winning bigly' in paper shares, but not getting out in time to covert into physical metals is increasing; as the probability of an instantaneous market dislocation increases.
  • Inumerable catalysts are now in play that could vaporize the Futures Markets game constructed over the last 50 years. Normacy Bias discounts the possibility that Paper Trading via Technical Analysis could become as worthless as wooden nickels.
  • If the leverage at present had to flee, where can that collapsing multiples of leverage land? Each ounce of physical will reflect some fraction of the present leverage built into the paper Casino, transferring those multiples into the physical asset itself.

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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

Key Economic Events Week of 7/13

7/13 11:30 ET Goon Williams speech
7/13 1:00 ET Goon Kaplan speech
7/14 8:30 ET CPI for June
7/14 2:30 ET Goon Bullard speech
7/15 8:30 ET Empire State and Import Price Idx
7/15 9:15 ET Cap Ute and Ind Prod
7/16 8:30 ET Retail Sales and Philly Fed
7/16 11:00 ET Goon Williams again
7/17 8:30 ET Housing Starts and Permits

Key Economic Events Week of 7/6

7/6 9:45 ET Markit Service PMI
7/6 10:00 ET ISM Service PMI
7/7 10:00 ET Job openings
7/9 8:30 ET Initial jobless claims
7/9 10:00 ET Wholesale inventories
7/10 8:30 ET PPI for June

Key Economic Events Week of 6/29

6/30 9:00 ET Case-Shiller home prices
6/30 9:45 ET Chicago PMI
6/30 10:00 ET Consumer Confidence
6/30 12:30 ET CGP and SSHW to Capitol Hill
7/1 8:15 ET ADP Employment
7/1 9:45 ET Markit Manu PMI
7/1 10:00 ET ISM Manu PMI
7/1 2:00 ET June FOMC minutes
7/2 8:30 ET BLSBS
7/2 10:00 ET Factory Orders

Key Economic Events Week of 6/22

6/22 8:30 ET Chicago Fed
6/22 10:00 ET Existing home sales
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET New home sales
6/25 8:30 ET Q1 GDP final guess
6/25 8:30 ET Durable Goods
6/26 8:30 ET Pers Inc and Spending
6/26 8:30 ET Core inflation

Key Economic Events Week of 6/15

6/16 8:30 ET Retail Sales
6/16 8:30 ET Cap Ute and Ind Prod
6/16 10:00 ET Chief Goon Powell US Senate
6/16 4:00 pm ET Goon Chlamydia speech
6/17 8:30 ET Housing Starts
6/17 12:00 ET Chief Goon Powell US House
6/18 8:30 ET Initial Jobless Claims
6/18 8:30 ET Philly Fed
6/19 8:30 ET Current Account Deficit
6/19 1:00 pm ET CGP and Mester conference

Key Economic Events Week of 6/8

6/9 10:00 ET Job openings
6/9 10:00 ET Wholesale inventories
6/10 8:30 ET CPI for May
6/10 2:00 ET FOMC Fedlines
6/10 2:30 ET CGP presser
6/11 8:30 ET Initial jobless claims
6/11 8:30 ET PPI for May
6/12 8:30 ET Import price index
6/12 10:00 ET Consumer sentiment