Gold & Silver Commitments of Traders

Gold and Silver CoT data continue moderately improving Gold saw large Specs and Commercials basically in a wash, with a common theme a reduction in open interest. Of positive note, the little guy puked some long positions. Never a bad thing. Silver also saw a reduction in open interest by Specs and Commercials, but curiously saw short covering by the little guy. All in all … Continue reading Gold & Silver Commitments of Traders

The news of big Tech’s death has been greatly exaggerated

Big Tech is alive and well See? MSFT (I hold it) GOOGL (I don’t hold it) AMD (I hold it) AAPL (I hold it) And so on… Nobody knows the future, but as of today these Tech captains are fine. And it’s not just them. The Healthcare sectors are okay too. The market has recently rotated from the reflationary stuff to the steadier stuff that … Continue reading The news of big Tech’s death has been greatly exaggerated

NFTRH; the Inflationary Reflation Theme Updated

Take the below as a ‘what if?’ exercise, as in what if long-term yields reverse in a brief deflationary turn? Before yesterday I was prepared to raise cash further in non-precious metals positions (PMs have been in correction for half a year and are hedged) until I saw the 10 and 30 year yields begin to break out of daily chart bull flags (see 2nd … Continue reading NFTRH; the Inflationary Reflation Theme Updated