This week's interventionals worked out well with a quite profitable long silver puts trade. I left out last week an important interventional: the COMEX option expiration. Will keep that in mind going forward.
Here's my view of the week's scheduled market events (BOLD CAPs for events which the Gold Cartel traditionally uses as an excuse hit the price of gold). I expect I'll go long some kind of leveraged gold trade (either RGLD options, COMEX gold options or COMEX gold futures today around 1:30) and hold until Thursday evening.
- Mon, 8:30, Personal Income
- Mon, 10:00, ISM Manufacturing Index
- Tue, Motor Vehicle Sales
- Wed, 10:00, ISM Non-Manufacturing Index
- Thu, 8:30, Initial Jobless Claims - gets extra emphasis on non-farms payroll week.
- Thu, 8:30, Productivity And Costs
- Thu, 10:00, Pending Home Sales
- Fri, 8:30, Non-Farms Payrolls (Unemployment) - gold Cartel nearly always hits gold for this report. Next week's report should be particularly bad as the week where the numbers were taken was the blizzard week.
Leave me a comment if I'm missing something or if there are better data sources that you know of for this kind of thing.
MontyHigh, www.worldofwallstreet.us
Sources: I like Bloomberg's economic calendar (click here) and little better than yahoo's (click here) because it covers the treasury auctions. The best one I've found for international is here, but I usually don't have the time to follow it.The next options expiration date is: 3/25/2010. Here's a link to a good 2010 calendar (click here).
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