Loading ...Yes, the $ will fall only because of the 2 & 5 ‘s specs driving the rates down – so it will be fast.
The sequencing and timing are very similar to the year 2000.
We got a sloppy bottom in PM’s in November, and by April the good mid-tier producers we up 400%.
I expect something like this to happen again.
Cheers mate
That’s a lot of shorts. You’re right, if the Fed goes full stop or pulls back, the specs are going to have a big problem. Usually in a down SM we’ll see bonds rally on the long end, so maybe that will continue. The should be bullish for pm’s, bearish USD.
Recession is here. People are broke, when the Nasdaq finally crumbles, they’ll get real broke.
I’m just afraid we’re seeing the same old, banks building massive pm shorts so that they don’t benefit no matter what happens.
Hopefully not.
Might think about Biden with a gun. If he managed not to shoot someone before the fight started when they yell shoot he might turn the wrong way.
If you think the PM COTS are something, take a gander at the 2 and 5 year Notes pictured here and here respectively.
Just wait until the Fed says something wrong and the specs have to cover.
I would think this is going to occur very soon considering both the 10 and 30 year bonds, pictured here and here respectively, have already started the process.
This suggests the yield curve should start steepening aggressively soon, which is a recession signal and friendly to PMs.
I don’t know if this comes from the Fed Meeting this week or a stock market crash, or both, but one thing is for sure, both gold and silver, pictured here and here respectively, have further to run on a COT related basis.
Anything goes wrong in Gaza over the weekend, and we could have an interesting open on Monday.
It’s important to note that the ES COT (Mini S&P) currently has a possible crash signature, pictured here, where the specs remain increasingly bullish as prices fall.
What could possibly go wrong?
Cheers