Independent thinking for complex markets and current events
Investors are cashing-in massive profits from the oil trade: The United States Oil ETF, $USO, has posted -$900 million in outflows so far in April, on track for its largest monthly withdrawal since the 2009 record of -$1.2 billion. Still, the ETF is up +2% month-to-date, after rising as much as +100% from January to …
Especially if there are tariffs or export bans on key metals or value chain products like with rare earth elements. There will not be as many free markers where the US and China are in a technology arms race or Cold War 2.0 over 5 or 6 key technologies… pic.twitter.com/7RjXIdKo5z — Jason Burack (@JasonEBurack) September …
$DXY has now plunged more than 8% year-to-date, its worst start to the year since 1995. Got silver? Got gold? byu/Boo_Randy_II inWallstreetsilver
Copper prices surge to an unprecedented high of $5.08 per pound, marking a staggering 30% increase year-to-date and fueling concerns of rampant inflation. This new record surpasses the previous peak observed in March 2022, coinciding with the fastest inflation rate in 40 years. Over the past three months alone, copper prices have skyrocketed by 35%, …
Global crypto funds just recorded 3 consecutive weeks of outflows for the first time ever. Over the last 3weeks, total crypto fund outflows were $767 million. Last week alone, ~$435 million of crypto assets were removed from these funds, the most since late March. The majority… pic.twitter.com/ltVY6gce2K — The Kobeissi Letter (@KobeissiLetter) April 29, 2024 …