Weekly: BRICS Summit, Jackson Hole, China Meltdown
Doug Casey, Peter Grandich and more
Housekeeping: Due to volume of original content prep this week there were posts that didn’t make it to the front page. Find below some pieces we read this week on topic included with that original content
Featured Premium Excerpts:
Grants Interest Rate Observer- summer compendium
Hartnett’s Flow Show- we will be doing a podcast on that today
Small Business Construction Boom- Fiscal dominance manifests
TD CoT Report- No more Silver longs.. still some Gold ones
Quick Comment on 4 things at bottom as well
BRICS is this week.
Gold Open interest is less long than usual, and shorts are now piling in
Jackson Hole and possible termination of rate hikes is this week.
Markets are increasingly focused on China for some legit and sensational reasons
Enjoy.
Event Schedule
MONDAY, AUG.21
None scheduled
***TUESDAY, AUG.22 BRICS SUMMIT OPENS
10:00 am Existing home sales July 4.2 million.
WEDNESDAY, AUG.23
9:45 am S&P flash U.S. services PMI Aug. 52.3%
9:45 am S&P flash U.S. manufacturing PMI Aug. 49.0%
10:00 am New home sales July 697,000
***THURSDAY, AUG.24 JACKSON HOLE STARTS
8:30 am Durable-goods orders July 4.6%
8:30 am Durable-goods minus transportation July 0.6%
10:00 am Fed officials interviews from Jackson Hole summit
8:30 am Initial jobless claims Aug. 19
FRIDAY, AUG.25
10:00 am U Mich consumer sentiment, final Aug. 71.2%
10:05 am Powell gives opening speech at Jackson Hole summit
COMMENT
BRICS is this week.
Gold Open interest is less long than usual, and shorts are now piling in
Jackson Hole and possible ermination of rate hikes is this week.
Markets are increasingly focused on China for some legit and some sensational reasons
Taken together it means: