How Bullion Banks Will Be Your Friend One Day
Zen Moment: amusement ride operator from h*ll
Today:
Market Rundown
Trader’s Comment
Zen Moment
1- Market Rundown
Good Morning.
The dollar is up 5 ticks. Bond yields are slightly higher. Us Stocks are net lower. The Nasdaq is down 75 bps (120 pts), The S&P is down 8 handles. The Dow is up 3 points. Gold is up $5.00 and Silver is up 3 cents. Copper is strong up 1.70%. Crude is up 34 cents at 75.62. Nat Gas is up 3%. Grains are all down between 25 and 75 bps. Bitcoin and Ethereum re up 1.5% on average.
DATA FOR THURSDAY, JULY 20
8:30 am Initial jobless claims July 15 231K 237K
8:30 am Philadelphia Fed manufacturing survey June -10.2 -13.7
10:00 am Existing home sales June 4.24 million 4.3 million
10:00 am U.S. leading economic indicators June -0.6% -0.7%
2- Gold is Sideways and Choppy….
There was a time not too long ago when sideways and choppy would almost always resolve lower in Gold. The reason was simple.