Inflation, the reopening trade and consumer spending – Have we seen the peak in all of them already?
Marc Chandler, Managing Partner at Bannockburn Global ForEx joins us for a broad discussion on the possibility that the peak in inflation, the reopening trade, consumer spending, and even fiscal spreading have all already peaked. We tie this concept into markets and currencies moving forward.
Click here to visit Marc’s free blog – Marc to Market.
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Emerita … again
Best week ever…
Congrats on the Emerita gains David. You’re slaying it.
Commercials decreased their short positions this past week in both silver/gold by a nice amount—we have a ways to go but these positions are the most favorable for PM supporters that we have seen in months. I would expect that the commercials will be decreasing their short positions more over the next few months.
Hi Richard… This might confirm what you just wrote. Are the CFTC finally doing their job ??? !!!
https://silverseek.com/article/cheating
Great news Doc.
CFTC do their job…? What?
Doc, I may be misunderstanding the Silver COT, it seems to me there wasn’t a net reduction overall, , but a modest net increase of 589 contracts
Weekly hammer bullish reversal for the HUI…
https://stockcharts.com/h-sc/ui?s=%24HUI&p=W&yr=2&mn=3&dy=0&id=p84553111567&a=949257852
Weekly hammer bullish reversal for the Canadian dollar…
https://stockcharts.com/h-sc/ui?s=%24CDW&p=W&yr=3&mn=0&dy=0&id=p13084160542&a=980551499
Missed a daily close above its KAMA by .01…
https://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=1&mn=0&dy=0&id=p99257447132&a=976992598
Daily bullish hammer for SILJ…
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=1&dy=0&id=p39966775745&a=982992113
Weekly hammer bullish reversal for GDX vs QQQ…
https://stockcharts.com/h-sc/ui?s=GDX%3AQQQ&p=W&yr=1&mn=5&dy=0&id=p16128523506&a=982105772
The same goes for GDX vs SPY…
https://stockcharts.com/h-sc/ui?s=GDX%3ASPY&p=W&yr=3&mn=0&dy=0&id=p35756399705&a=980522016
Weekly hammer bullish reversal for IPT…
https://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=5&mn=7&dy=0&id=p22669218198&a=737815119
The same goes for IPT vs SLV…
https://stockcharts.com/h-sc/ui?s=IPT.V%3ASLV&p=W&yr=5&mn=11&dy=0&id=p75823346925&a=947555240
Hammer Thingees Everywhere!!!!
Thanks for the great charts Matthew.
Hammer time! 🔨🔨🔨🚀🚀🚀
What is Bonzo buying? So many good choices but today he bought FFOXF@ .24
The future belongs to Finlandia.
COT commercial category (“smart money”) improved again this week but only about one-sixth as much as last week. More importantly, open interest barely changed finishing down about one-fiftieth (50th!) as much as last week.
Last Saturday:
On June 26, 2021 at 1:45 pm,
Matthew says:
COT positioning is the most bullish it has been since the top last summer (from a contrarian standpoint) and open interest just hit another new low. Such readings are not necessarily great for timing but it would have been a bad sign if they were mostly unchanged over the last two weeks.
I have a feeling that we could see a further reduction of commercial short interest after the low and into strength. Covering into strength does happen occasionally and can be very bullish. I expect open interest to turn up sharply when the low is place.
A very nice weekly bull hammer for HUI vs Gold:
https://stockcharts.com/h-sc/ui?s=%24HUI%3A%24GOLD&p=W&yr=3&mn=7&dy=0&id=p57861000205&a=982079501
Awesome ASA dipped to 50 week EMA and “61.8” Fib support before reversing and even finished the week above its 50 week simple MA…
https://stockcharts.com/h-sc/ui?s=ASA&p=W&yr=1&mn=5&dy=0&id=p95129698429&a=984955935
Big bull hammer for SILJ vs GDX has bullish implications for the whole sector.
https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=W&yr=3&mn=0&dy=0&id=p14346013263&a=984972783
I hadn’t looked at PGM in quite awhile so I just now noticed that it bottomed in early May at a support that I drew months ago. A 37% advance followed that week’s bull hammer (53% off the low).
https://stockcharts.com/h-sc/ui?s=PGM.V&p=W&yr=3&mn=3&dy=0&id=p03494348589&a=445306505
Great bull hammer for Pretium this week (another one I haven’t looked at in a long time)…
https://stockcharts.com/h-sc/ui?s=PVG&p=W&yr=3&mn=7&dy=0&id=p44009491619&a=617184890
Wait till Tuesday, when the shorts paint the hammer to another wake up call
Looks like a solid metals market going into the 4th. Enjoy everyone, contemplate the little Freedom we have left.