Wed, Jul 23, 2014, 9:40 PM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

Silver Wheaton Corp. Message Board

  • yourdeadmeat69 yourdeadmeat69 Feb 25, 2013 6:20 AM Flag

    25 Feb-1 Mar '13 Economic Calendar: Economy Dawdles, Sequester Festers

    In the wake of public wrangling over when to get out of the financial meddling business, the Fed suffocated the ongoing pop in the general markets by just CONSIDERING pulling the plug on bond buying, let alone pin in the bubble called artificially low interest rates. One esoteric issue cost the market two percent, in two days, and they want joesixpac back in the market? Can you say fuggeddaboudit boys and girls.

    Which perversely means the dragging out for the pop heard round the world. Gold flagged, and silver has to rest on its industrial use, not its currency use. The drop last week is being converted to a pop this morning half way back.

    Housing may be recovering if you twist the past into the future and point to moving averages to avoid the sickening thud that popped 30 year rates means to the market. Nuriel Rubaloobie says don't worry, any pops in the irates will not exceet 1/4 point every six weeks, mirroring the change on the way down, with a path on the way up. That's 2.5% in about a year, so that isn't junk--but he's wrong. It probably will be about once every other meeting--otherwise, the market will discount the entire trek back to 5.75% in the first quarter. We've been down this path of discussion before.

    In the meantime, the market must recover and pierce the old high to keep moving, and frankly it's getting harder to see it. I would suggest that it is about 7% from the drop last week for the new high to roll over.
    But the sequester is coming for sure, the parties as gridlocked as they were before the reelection of Oblammer. That is the bomb waiting at the end of the week. The market will actually think this is a good thing, but the reality is, you don't take blood away from the patient, no matter what the condition of the blood bank. Now's not the time. But the market has it wrong, and that is in investor favor.

    My guess is just that. I think we have another seven percent in the Russell. Seeing is believing, so--Good luck to all.

    Feb 26 9:00 AM Case-Shiller 20-city Index Dec - 6.0% 6.5% 5.5% -
    Feb 26 9:00 AM FHFA Housing Price Index Dec - NA NA 0.6% -
    Feb 26 10:00 AM New Home Sales Jan - 375K 385K 369K -
    Feb 26 10:00 AM Consumer Confidence Feb - 62.5 62.0 58.6 -
    Feb 27 7:00 AM MBA Mortgage Index 02/23 - NA NA -1.7% -
    Feb 27 8:30 AM Durable Orders Jan - -5.0% -4.0% 4.3% 4.6%
    Feb 27 8:30 AM Durable Goods -ex transportation Jan - -0.5% 0.2% 1.0% 1.3%
    Feb 27 10:00 AM Pending Home Sales Jan - 1.0% 1.0% -4.3% -
    Feb 27 10:30 AM Crude Inventories 02/23 - NA NA 4.143M -
    Feb 28 8:30 AM Initial Claims 02/23 - 365K 360K 362K -
    Feb 28 8:30 AM Continuing Claims 02/16 - 3150K 3150K 3148K -
    Feb 28 8:30 AM GDP - Second Estimate Q4 - 0.1% 0.5% -0.1% -
    Feb 28 8:30 AM GDP Deflator - Second Estimate Q4 - 0.6% 0.6% 0.6% -
    Feb 28 9:45 AM Chicago PMI Feb - 54.0 54.0 55.6 -
    Feb 28 10:30 AM Natural Gas Inventories 02/23 - NA NA -127 bcf -
    Mar 1 8:30 AM Personal Income Jan - -2.4% -2.4% 2.6% -
    Mar 1 8:30 AM Personal Spending Jan - 0.1% 0.2% 0.2% -
    Mar 1 8:30 AM PCE Prices - Core Jan - 0.2% 0.2% 0.0% -
    Mar 1 9:55 AM Michigan Sentiment - Final Feb - 75.0 76.3 76.3 -
    Mar 1 10:00 AM ISM Index Feb - 52.0 52.4 53.1 -
    Mar 1 10:00 AM Construction Spending Jan - 0.2% 0.5% 0.9% -
    Mar 1 2:00 PM Auto Sales Feb - NA NA 5.6M -
    Mar 1 2:00 PM Truck Sales Feb - NA NA 6.5M -

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
SLW
26.43-0.06(-0.23%)Jul 23 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Gilead Sciences Inc.
NasdaqGSWed, Jul 23, 2014 3:59 PM EDT