Twas the week before Christmas
Here's the economic calendar this week:
We have CPI and retail sales data for Canada tomorrow; On Wednesday we have CPI, manufacturing and capacity utilization numbers for the US, followed by housing data on Thursday.
With five days till Christmas expect market volumes to decline as investors and traders start to take their Christmas holidays. What's in store for the new year? Well the Bush era tax cuts have been extended for virtually every American household in addition to a one year cut in payroll taxes, a thirteen month extension of unemployment benefits, temporary business tax relief, along with other assorted measures. Throw in $600 billion of quantitative easing and I think you've got a few more chapters for the precious metals story.
GB
We have CPI and retail sales data for Canada tomorrow; On Wednesday we have CPI, manufacturing and capacity utilization numbers for the US, followed by housing data on Thursday.
With five days till Christmas expect market volumes to decline as investors and traders start to take their Christmas holidays. What's in store for the new year? Well the Bush era tax cuts have been extended for virtually every American household in addition to a one year cut in payroll taxes, a thirteen month extension of unemployment benefits, temporary business tax relief, along with other assorted measures. Throw in $600 billion of quantitative easing and I think you've got a few more chapters for the precious metals story.
GB
posted by Gordon Bell at
7:10 AM
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