Tyb
MktFag on Silver and Gold, markets and Economic Schedule-week of May 19th
Get the week coming comments first and then to those metals that both broke out this week.
Please feel free to add constructive comments-especially in the Ag/Au portion
Ahead
Nvidia earnings on Weds (up about 200% in one year) and literally what powers the NASDAQ nao and has for many months. FED minutes light (yawn as the real notes are embargoed for 5 years so by then no one cares). Light data this week like 2 weeks ago-see below for daily activity. Likely another “record setting week” coming as the long pool still needs some occupants that are holding out on the sidelines…also triple witching OpEx end of week so some moving around first few days of week but don’t forget they still can drop this a little to reload the disappearing short bus as they use THAT plus this never ending mantra of “rally for coming rate cuts” as still the excuses you hear about on Fin TV.
Ag/Au
Breakouts in both but silver kicking the short bus’ ass as that bust over $30 welcome and good to see. As fast as it rose it can easily be smacked down by the ubiquitous arrival of several thousand contracts dumped on it out of thin air-I’ve seen it habben many times as it’s the most manipulated commodity of all time imo. Au closed over $2400 but the action in Ag as that was up 6.8% and closed at $31.48 and as quickly as it spiked it can be smacked down the same amount QUICKLY and EASILY by paper contracts on COMEX. The chair of the CFTC Rostum Benham and his all female team of ‘regulators’ are in on it. Gary Gensler closed three different manipulation investigations during his tenure as CFTC chair.Ask ANY knowledgeable person involved in this arena for many years and they will confirm it.Buy it and forget about the price once you posses it as all it takes is ONE whale to stand for delivery and this becomes unobtanium in a matter of minutes. I can’t tell you when to buy it but here are some helpful tips for you: >>20878838, >>20878819 pb Silver pricing CME contracts etc
Encourage you to search in archives for “Silver, US Mint, COMEX, CFTC, Silver Eagles, manipulation” as these keywords should give you access to the many posts on this subject
https://www.kitco.com/charts/silver
https://www.kitco.com/charts/gold
Schedule for Week of May 19, 2024
The key reports this week are April New and Existing Home Sales.(Plus the hilarious updates from Atlanta FED’s GDPNOW on Friday.
https://www.atlantafed.org/cqer/research/gdpnow
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Monday, May 20th -
10:30 AM: Speech, Fed Vice Chair Philip Jefferson, U.S. Economic Outlook and Housing Price Dynamics, At the Mortgage Bankers Association (MBA) Secondary and Capital Markets Conference, New York, N.Y. (They trot these fuggers out on almost a daily basis but the NYFED is really the only one that matters most as they are the FED and that one already said the next move is lower but he never said how see this >>20828534 pb
The how is buying short end debt that govt is addicted to so those borrowing costs are lowered ; a reverse Operation Twist-spoken about this many times
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Tuesday, May 21st -
No major economic releases scheduled.
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Wednesday, May 22nd -
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
10:00 AM: Existing Home Sales for April from the National Association of Realtors (NAR). The consensus is for 4.18 million SAAR, down from 4.19 million. Housing economist Tom Lawler expects the NAR to report sales of 4.23 million SAAR.
2:00 PM: FOMC Minutes, Minutes Meeting of April 30-May 1, 2024
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Thursday, May 23rd -
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 220 thousand initial claims, down from 222 thousand last week.
8:30 AM ET: Chicago Fed National Activity Index for April. This is a composite index of other data.
10:00 AM: New Home Sales for April from the Census Bureau. The consensus is for 680 thousand SAAR, down from 693 thousand SAAR in March.
11:00 AM: the Kansas City Fed manufacturing survey for May.
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Friday, May 24th -
Atlanta FED updates GDPNOW
Triple Witching Option Expiration
Triple Witching: Definition and Impact on Trading in Final Hour
https://www.investopedia.com/terms/t/triplewitchinghour.asp
8:30 AM: Durable Goods Orders for April from the Census Bureau. The consensus is for a 0.6% decrease in durable goods orders.
10:00 AM: University of Michigan's Consumer sentiment index (Final for May). The consensus is for a reading of 67.4.
https://www.calculatedriskblog.com/2024/05/schedule-for-week-of-may-19-2024.html
https://tradingeconomics.com/japan/currency
https://tradingeconomics.com/japan/government-bond-yield
Pay attention to the numbers in this but it’s still an OpEd and this point below should resonate as the top holder of US Treasury Bonds is Japan and they habs a real problem with muh yen and bond market….caps 4&5
>Currency is debt and sovereign bonds are currency
Inflation Is A Policy. Gold Does Not Reflect Monetary Destruction, Yet
https://www.zerohedge.com/economics/inflation-policy-gold-does-not-reflect-monetary-destruction-yet
Mkt Fag, Godzilla and Mecha-Godzilla present: The Gold Act of 1900 and the Market Crash of 1907-setting the stage for the creation of the Federal Reserve
For those interested in historical market events and also because everyone has been calling for a crash-which makes it less likely to occur in the way it is being presented everywhere-the short interest and ‘bot trading can keep it going up until the decision is made to drop it.
Scroll down to post 140771 in the address below to learn about the above. Many things written about 1929 and the subsequent ones after that but many don’t know the set up to create the Federal Reserve as it certainly wasn’t just the Jekyll Island meeting. There was a consolidation event starting in 1906 with another market crash. It is an easy to read and lighthearted take on it but the source material is included.
Thank you for your time
https://8kun.top/qrb/res/140699.html#q140771
>how are you with comm. furs
Made my living at this (about 40% of trades were commodities) at it
No longer trade so no book to talk and remain neutral.
Reading that nao
Thanks for info.
Remember that time when jivemind tried to convince people here that there were akshually new q posts on their board?
Betcha do
Phaggit
Whatever you say phaggit