by Adam Hewison The question many investors are asking themselves today is, just what happened to the price of gold? Did the world change? Did the problems in Europe go away? Did all the states manage to find funding to cover their deficits? No, none of that happened, but gold still dropped $100. It’s all about market perception and timing, two things we’ve talked about many times Read more...
Key Events: Friday, March 5, 2010
March 5, 2010 By Leave a Comment
Friday, March 5, 2010 8:30 AM ET. Feb Employment Report Non-Farm Payrolls (expected -75K; previous -20K) Unemployment Rate (expected 9.8%; previous 9.7%) Average Hourly Earnings (previous 18.89) Average Hourly Earnings Net Change (previous +0.05) Manufacturing Payrolls (previous +11K) Overall Workweek (previous 33.3) Overall Workweek Net Change (previous +0.1) Service Producing Read more...
Key Events: Thursday, March 4, 2010
March 4, 2010 By Leave a Comment
Thursday, March 4, 2010 8:30 AM ET. 4 Quarter Productivity & Costs, revised Non-Farm Productivity (expected +6.4%; previous +6.2%) Unit Labor Costs (expected -4.6%; previous -4.4%) 8:30 AM ET. Feb 27 Jobless Claims Weekly Jobless Claims (expected 475K; previous 496K) Weekly Jobless Claims Net Change (previous +22K) Cont Jobless Claims (prior week) (previous 4617000) Cont Jobless Claims Read more...
Key Events: Tuesday, March 2, 2010
March 2, 2010 By Leave a Comment
Tuesday, March 2, 2010 7:45 AM ET. Feb 27 ICSC/Goldman Sachs Chain Store Sales Chain Store Sales Index – WoW (previous +2.3%) Chain Store Sales Index – YoY (previous +0.9%) 8:55 AM ET. Feb 27 Redbook Index MoM % Change (previous +1.6%) 12MonChgPct (previous +1.9%) 52WkChgPct (previous +1.9%) 4:30 PM ET. Feb 26 API Oil Industry Report Crude Stocks (Net Change) (previous Read more...
Key Events: Monday, March 1, 2010
March 1, 2010 By Leave a Comment
Monday March 1, 2010 8:30 AM ET. Jan PERSONAL INCOME (previous 0.4%) Spending (previous 0.2%) 10:00 AM ET. Jan CONSTRUCTION SPENDING (previous -1.2%) 10:00 AM ET. Feb ISM MANUFACTURING SURVEY 11:00 AM ET. Treasury 4-WK BILL ANNOUNCEMENT Offering Amount (previous $31.0B) 1:00 PM ET. TRSY 13-& 26-WK BILL AUCTION Discount Rate (13-wk) (previous 0.100%) Discount Rate (26-wk) (previous Read more...
Key Events to Watch For: Thursday, February 25, 2010
February 25, 2010 By Leave a Comment
Thursday, February 25, 2010 8:30 AM ET. Feb 20 Jobless Claims Weekly Jobless Claims (previous 473K) Weekly Jobless Claims Net Change (previous +31K) Cont Jobless Claims (prior week) (previous 4563000) Cont Jobless Claims Net Chg (prior week) (previous 0) 8:30 AM ET. Jan Durable Goods Total Orders (previous +1%) Orders, Ex-Defense (previous +0.3%) Orders, Ex-Transportation (previous Read more...
Key Events to Watch for: Wednesday, February 24, 2010
February 24, 2010 By Leave a Comment
Wednesday, February 24, 2010 7:00 AM ET. Feb 19 Mortgage Applications Market Composite Index (previous 600.5) Market Composite Index Cur Chg (previous -2.1%) Purchase Index (S.A.) (previous 212.3) Purchase Index (S.A.) Cur Chg (previous -4%) Refinance Index (previous 2860.1) Refinance Index Cur Chg (previous -1.2%) 10:00 AM ET. Jan New Home Sales Overall Sales (previous 342K) Percent Read more...
Gold, Silver, Platinum…W.T.F.?
January 12, 2010 By Leave a Comment
I’m sure many of you read that title and your mind went in the gutter, but today I’m going to show you a whole new meaning for this acronym and how it applies to gold, silver, and platinum. These three markets have a lot of volume, government implications, and technicals lining up for potentially great trades. Gold makes a record high, then pulls back. Silver is inching towards an all-time Read more...