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TFMR Podcast - Tuesday, July 9

27

After another attempted smash during Jerry's visit to Capitol Hill today, both Comex precious metals were able to bounce back and, ultimately, reclaim some of their losses from yesterday. Tomorrow promises more of the same, however, so don't expect much relief from the AlgoHell and direct Bank interventions.

However, there are reasons to be a little optimistic for later this week and next before we head into late July and August which, as we discussed yesterday, are typically strong weeks for the metals. We discuss that again today.

We start, though, with these two links...

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Key Economic Events Week of 7/22

7/23 9:45 ET July Flash PMIs
7/23 10:00 ET Existing Home Sales
7/24 10:00 ET New Home Sales
7/25 8:30 ET Q2 GDP first guess
7/25 8:30 ET Durable Goods
7/25 1:30 ET Comex option expiry
7/26 8:30 ET PCE and Core PCE
7/26 8:30 ET Personal Inc and Spend

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