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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: data next week plus recap of last week

Next week's economic highlights include ISM Services on Monday, the Trade Balance and Consumer Credit on Tuesday, FOMC Minutes on Wednesday, Initial Jobless Claims on Thursday, and Wholesale Inventories on Friday.

Next week

Monday

Japan: Leading Indicator.
UK: Halifax House Price Index.
Eurozone: Sentix Indicator.
US: ISM Non-Manufacturing Index.

Tuesday

UK: Industrial Production, Manufacturing Production, NIESR GDP Est., BRC Shop Price Index.
US: Trade Balance, Consumer Credit.
Japan: Bank Lending Data, Current Account.

Wednesday

Japan: Key Machinery Orders, M2 Money Supply, Economy Watchers Survey.

Thursday

UK: BoE Rate Decision.
US: Initial Claims.

Friday

Japan: Consumer Confidence.
UK: Construction Output, Trade Balance.
US: Wholesale Inventories.

The Economy:

Report

For

Reading

Expected

Previous

Nonfarm Payrolls

June

223K

230K

254K

Unemployment Rate

June

5.3%

5.4%

5.5%

Hourly Earnings

June

0.0%

0.2%

0.2%

Average Workweek

June

34.5

34.5

34.5

Initial Claims

6/27

281K

273K

271K

Factory Orders

May

-1.0%

-0.5%

-0.7%

The BLS net birth/death adjustment added 109,000 payrolls to June's data. Private Payrolls rose 223,000.

Traders now betting Fed to wait until 2016 for first rate hike Reuters

Labor Market Runs in Place; More Jobs, Participation Lowest Since 1977 Bloomberg

All of this week's other economic reports:

Construction Spending - May

0.8% v. 2.1%

ISM Index - June

53.5 v. 52.8

ADP Employment - June

237K v. 203K

Consumer Confidence - June

101.4 v. 94.6

Chicago PMI - June

49.4 v. 46.2

Case-Shiller 20-city Index - April

4.9% v. 5.0%

Pending Home Sales - May

0.9% v. 3.4%

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