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TFMR Podcast - Friday, September 13

165

Well, I sure didn't see that coming. However, I'm pretty sure that no one saw an August US deficit of $380,000,000,000 coming, either. That cold slap to face brought about a Keynesian reality check and the Comex PMs were bid all the way through the weekly close.

And what a week it was! From the Comex close last Friday to the Comex close today, CDG was up $86 and CDS was up a whopping $2.88! Not to be outdone, the shares got in the act, too, with the GDX up $3.46 on the week or about 9.5%.

Of course, next week will bring its own set of challenges and we can't be certain...

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Key Economic Events Week of 12/16

12/16 8:30 ET Empire Fed
12/16 9:45 ET S&P flash PMIs
12/17 8:30 ET Retail Sales
12/17 9:15 ET Cap Ute & Ind Prod
12/18 8:30 ET Housing Starts
12/18 2:00 ET FOMC Fedlines
12/18 2:30 ET Jerry presser
12/19 8:30 ET Jobless Claims
12/19 8:30 ET Q3 GDP final guess
12/19 8:30 ET Philly Fed
12/19 10:00 ET LEIII
12/20 8:30 ET PCE and Core PCE
12/20 8:30 ET Personal Inc & Spend
12/20 10:00 ET UMich Dec sentiment