Today's Economic Data Docket - Inventories, JOLTS, Budget And 10 Year Bond

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Wed, 08/10/2011 - 08:02 | 1545617 Sudden Debt
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the July budget deficit declined slightly from the same month last year. However, the improvement largely reflects shifts in the timing of payments.


Wed, 08/10/2011 - 08:09 | 1545632 smore
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OT,  coming soon to the streets of America!

It was the "Economic Uncertainty" that made him do it!


Wed, 08/10/2011 - 08:10 | 1545638 DavosSherman
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One more:  The barbourous metal just moved into the exponential phase.

Wed, 08/10/2011 - 08:13 | 1545641 snowball777
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a) the standard was barbarous, not the metal

b) a line is not a parabola

Wed, 08/10/2011 - 08:30 | 1545667 Smiddywesson
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I am not afraid of parabolic prices in PMs.  The rule of thumb not to trade parobolic prices applies to speculation, not the situation we have here.  Gold is not rising because of speculation.

PMs will eventually go vertical and stay vertical for as long as the currency suffers this debasement.


Wed, 08/10/2011 - 08:31 | 1545674 Cdad
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There is an obvious and deliberate effort underway in the premarket to turn the banks upward.  So as for indicators today, having the FAS up on your screens will be critical in terms of determining if the bounce back continues.

While I hate the banks and would not own one, a continuation of the market bounce will likely come from this group...if it materializes.  And if it does, it should have an equal and opposite reaction in the PMs.  Of course, the half life of this move will be the equivalent of a Mayfly.

Prepare for blood to come from your ears as one criminal syndicate Wall Street banker after another recommends the financials to the sheeple, describing their valuation as "historically cheap."

If a bounce in financials fails, so too will the broader market bounce fail, I suspect.

Thank your for this wasteland, Mr. infinity ZIRP Bernanke.

Wed, 08/10/2011 - 10:08 | 1546089 Grand Supercycle
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My long term indicators still warn of USD rally and EURUSD weakness.

Wed, 09/14/2011 - 05:25 | 1667611 chinawholesaler
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