As expected, the week has begun downward. Let's just hope it doesn't turn into Red Week.
So here we go. Much angst and chagrin over the weekend at how bad things might get across all markets in the week ahead. It's still hard to believe it was just three weeks ago today that CDG was $...
The Comex precious metals have continued higher this morning following the rally of late Wednesday. Powell's press conference comments, combined with some additional stagflationary data, have even allowed the continued rally in the face of bouncing POSX. OK, I'll take it.
OK, here we go. The fun begins at 2:00 pm ET with the Fedlines and is quickly followed up by Chief Goon Powell and his "press conference" at 2:30 pm. It should be quite entertaining to watch so you know what that means....Hat Contest!!
Oh, gosh. I actually hate this stuff. Back in the...
The fateful May FOMC meeting begins today with the usual behind-closed-doors chortling and back-slapping. There will be nothing new until tomorrow's Fedlines and Powell presser but that won't stop the endless speculation regarding the details.
What a lousy way to start the week. After the Globex shellacking we took on Friday, the selling continued overnight as London was closed for May Day. And then of course, once Comex opened, here came a massive wall of selling.
First of all, Happy Monday. It's MrsF's birthday today so I'...
It's just another day in the barrel as none of the gold-positive news matters after price rallies through the London session, only to get thrashed once that action moves to New York.
I must admit that sometimes I find this BS more frustrating than others, though I'm sure this level is...
Lions and tigers and bears, indeed. Wow, is there ever a lot going on today and the implications are significant. Let's try to make some sense of it all.
Let's start with the yen and the POSX, if only since this has been a daily topic of discussion lately. The BoJ massively interceded...
In Tuesday's podcast, we discussed the likelihood that the selling in CDG was not yet complete and that an attempt would soon be made to get price back to $1880. So far today, two deliberate attempts have been made to do just that.
The good news is that, so far, both attempts have...
Concerns that the global markets are on the verge of some sort of meltdown continue today. For once, at least, the Comex PMs are a little higher but we'll have to see if they can maintain as the day progresses.
As we discussed in yesterday's podcast, my hope was that the S&P would...
