5-9 August Economic Calendar: Mortgage and Money Supply
Monday Aug 5 Tuesday Aug 6 Wednesday Aug 7 Thursday Aug 8 Friday Aug 9
5 August Gallup US Consumer Spending Measure 8:30 AM ET, ISM Non-Mfg Index 10:00 AM ET, 4-Week Bill Announcement, 11:00 AM ET, 3-Month Bill Auction, 6-Month Bill Auction 11:30 AM ET, Richard Fisher Speaks 11:45 AM ET, TD Ameritrade IMX 12:30 PM ET
6 August ICSC-Goldman Store Sales 7:45 AM ET. Gallup US ECI 8:30 AM ET, International Trade
8:30 AM ET, Redbook 8:55 AM ET, Charles Evans Speaks 9:30 AM ET, JOLTS 10:00 AM ET, 4-Week Bill Auction 11:30 AM ET, 3-Yr Note Auction 1:00 PM ET, Treasury STRIPS 3:00 PM ET, Bank Reserve Settlement
7 August MBA Purchase Applications 7:00 AM ET, Gallup U.S. Job Creation Index, 8:30 AM ET, EIA Petroleum Status Report 10:30 AM ET, Charles Plosser Speaks 12:30 PM ET, 10-Yr Note Auction 1:00 PM ET, Sandra Pianalto Speaks 1:40 PM ET, Consumer Credit 3:00 PM ET
8 August Weekly Bill Settlement, Chain Store Sales, Jobless Claims, 8:30 AM ET, Bloomberg Consumer Comfort Index, 9:45 AM ET, EIA Natural Gas Report 10:30 AM ET, 3-Month Bill Announcement 11:00 AM ET,
6-Month Bill Announcement, 11:00 AM ET 30-Yr Bond Auction 1:00 PM ET, Fed Balance Sheet 4:30 PM ET
Money Supply 4:30 PM ET,
Jobless claims for those without a McJob in a jobless recovery in a nation of hamburger flippers. But as long as the government believes in self delusion, that this is a "recovery", the talk of brakes being applied to money printing continues to weigh on silver and gold's back. There's an overnight bounce 3/4% to the upside, but it flies into the wind where "good" economic reports is "bad", and the tape is painted by the administration into thinking "bad" is "good".
Plosser announcing more "taper" talk while mortgage apps await and job creation masks 70% McJobs at $15/hour) bodes poorly for all markets, specie included. Does anybody REALLY think the Fed is purposely trying to put the brakes on the stock market rally of 12-18% this past six months?
If silver and gold were premature in their inflationary pop, how deep will the selloff continue to be--??it's already cut the value of silver in HALF.
With McJobs instead of high paying technical work, I don't see it for the next five to seven years.
Excitement in the housing "recovery" puts a damper on QE enthusiasts and specie frowns on deflationary tendencies. Another groin wound for SLV/SLW. Like a kid with ADD, the market isn't swooning, it's weary of drivel, but seems to be addicted to it as the world quiets down, for now.
It's a rough light week, as jobs claimed were 70% 15/hour McJobs, and that doesn't support a recovery or inflationary trends, half of silver's value. Worse, it doesn't support manufacturing volume, industry part of silver valuation. This isn't good. Silver remains volatile which helps daytraders and option players, but long term? You're looking at VERY long term.