Wow, what a day! As usual, the metals were slammed after the BLSBS...BUT...in something that I don't think I've ever seen...gold and silver both rallied sharply on the after-hours Globex...on NO NEWS. It's impossible to say what, exactly, caused the late-day rally but it certainly gave us a lot to talk about and leaves us wondering just what might be in store for the "markets" next week.
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Key Economic Events Week of 5/20
5/20 7:00 pm ET CGP speech
5/21 10:00 ET Existing Home Sales
5/22 2:00 ET FOMC minutes
5/23 9:45 ET Markit PMIs
5/24 8:30 ET Durable Goods
Key Economic Events Week of 5/13
TWELVE Goon speeches through the week
5/14 8:30 ET Import Price Index
5/15 8:30 ET Retail Sales and Empire State Manu. Idx.
5/15 9:15 ET Cap. Ute. and Ind. Prod.
5/15 10:00 ET Business Inventories
5/16 10:00 ET Housing Starts and Philly Fed
5/17 10:00 ET Consumer Sentiment
Key Economic Events Week of 5/6
5/9 8:30 ET US Trade Deficit
5/9 8:30 ET Producer Price Index (PPI)
5/9 10:00 ET Wholesale Inventories
5/10 8:30 ET Consumer Price Index (CPI)