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TFMR Podcast - Tuesday, August 8


It was another dreary and dreadful "dog day" as Comex silver was slammed again and is now down nearly 9% for August...and it's only the 8th day of the month! I figured the least I could do to cheer you up would be this KWN-style feature photo.

So the POSX rallied again today and the Comex PMs were pounded lower. Sounds a lot like every other day from the past three weeks or so. The Banks have used the occasion to flush out most of the hot Spec cash that came rushing in a few weeks back when silver rallied nearly $2 in five days as the POSX fell. We discuss this in some detail...

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Key Economic Events Week of 7/8

7/8 3:00 ET Consumer Credit
7/9 10:00 ET Jerry Hump-Hawk Day 1
7/9 1:30 ET Goon Bowman
7/10 10:00 ET Wholesale Inventories
7/10 10:00 ET Jerry Hump-Hawk Day 2
7/11 8:30 ET CPI and Core CPI
7/11 10:30 ET Goon Bostic
7/11 1:00 ET Goon Musalem
7/11 2:00 ET Federal budget deficit
7/12 8:30 ET PPI and Core PPI
7/12 10:00 ET Prelim UMich

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