As expected, the POSX rallied further today and this applied significant additional pressure to the metals. As the index reaches toward 100 and the highs of mid-March, will it double-top or extend even higher? If it does, what will this mean for gold and silver?
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Key Economic Events Week of 4/22
4/23 9:45 ET S&P flash PMIs
4/23 10:00 ET New home sales
4/24 8:30 ET Durable Goods
4/25 8:30 ET Q1 GDP first guess
4/25 10:00 ET Pending home sales
4/26 8:30 ET PCE and Core PCE
4/26 8:30 ET Personal Inc & Spend
4/26 10:00 ET April UMich
