TFMR Podcast - Thursday, December 3

90

Wow! An absolutely historic day in the bond and currency markets leads to an equity selloff. However, the precious metals and miners were actually UP a little. Is this a good sign before another BLSBS Friday?

There's a lot to talk about today and we have to start somewhere. So, we begin today's podcast by discussing the imminent departure of the CME's "executive director for metals products" and we do so in the context of the two CME Gold Stocks reports that you see below. Be sure to click the three links, as well.

And I wanted to make sure that you saw this, too. Below is a chart of year-over-year changes to factory orders in the U.S. What a booming economy we have here. Mother Fellen had better raise rates...and pronto...before things overheat!!

Check out the moves today in the POSX, the Long Bond and the S&P:

This is all very interesting but paper gold is still primarily driven by changes to the dollar-yen:

And here are your daily gold and silver charts ahead of tomorrow's pivotal action:

Have a great rest of your day but look sharp and be ready for anything at 8:30 EST.

TF

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Key Economic Events Week of 1/24

1/24 9:45 ET Markit Flash PMIs for January
1/25 9:00 ET Case-Swiller home prices
1/25 10:00 ET Consumer Confidence
1/26 2:00 ET FOMC Fedlines
1/26 2:30 ET CGP presser
1/27 8:30 ET Q4 GDP first guess
1/27 8:30 ET Durable Goods
1/28 8:30 ET Personal Income and Spending
1/28 8:30 ET Core PCE
1/28 10:00 ET UMich 5-yr Inflation Expectations

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