The Slam Cometh

The Forces of Darkness continue their evil ways.

27
Fri, Jan 18, 2019 - 10:45am

After issuing over 100,000 new Comex gold contracts in the past month and painting a pennant onto the charts, is it any surprise that CDG has been slammed $10 lower today?

Now, keep in mind that price bottomed at $1278 two weeks ago today following the latest BLSBS fiasco. And also keep in mind that this is still going to be a VERY good year for us. Regardless and even after nine years of doing this, it's still hard to watch.

So why has price stalled and failed to reach our initial goal of $1310-1330? Well, the turn in the bond market hasn't helped. However, FAR...

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Key Economic Events Week of 4/22

4/22 10:00 ET Existing Home Sales
4/23 10:00 ET New Home Sales
4/25 8:30 ET Durable Goods
4/26 8:30 ET Q1 GDP first guess

Key Economic Events Week of 4/15

4/16 9:15 ET Cap Util and Ind Prod
4/17 8:30 ET Trade Deficit (Feb)
4/17 10:00 ET Wholesale Inventories
4/18 8:30 ET Retail Sales (March)
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4/18 10:00 ET Business Inventories (Feb)
4/19 8:30 ET Housing Starts and Building Permits

Key Economic Events Week of 4/1

4/1 8:30 ET Retail Sales (Feb)
4/1 9:45 ET Markit & ISM Manu PMIs
4/1 10:00 ET Construction Spending (Feb)
4/1 10:00 ET Business Inventories (Jan)
4/2 8:30 ET Durable Goods (Feb)
4/3 9:45 ET Markit & ISM Services PMIs
4/5 8:30 ET BLSBS

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