SLVO News and Press, Credit Suisse X-Links Silver Call ETN IOPV From 10/14/22

Summary The UBS Constant Maturity Commodity Index and other commodity index strategies slumped during September. CMCI declined by 5.5% in September but remains up 8.4% year-to-date. The Bloomberg Commodity Index declined by 8.1% in September and remains up 13.6% year-to-date. ...

Summary While we await the eventual central bank pivot back toward easing and QE, COMEX digital gold and silver have been whacked, cracked, and shellacked. There's a lot going on behind the scenes in the commodity markets. For example, crude oil demand should be falling with the g...

Summary Managed Money continues to hammer the price of gold lower as the Net Short position increased to -43k contracts. Gold: While Managed Money grows more pessimistic on the metal, the overall market continues to shrink. Managed Money has also absolutely hammered silver low...

Summary Elevated inflation, currencies, slowing global economic growth expectations, and reduced central bank liquidity remain key economic considerations. Volatility measured by the VIX spiked in September after declining in August. This wall of worry is real, but it is impor...

Summary Similar to gold and silver, platinum has seen a much higher delivery volume since the pandemic struck in 2020. While platinum and gold continue to flash warning signs, the silver market has been (seemingly) left for dead. The data from Comex continues to point to a phy...

Summary Further normalization of headline inflation and aggressive monetary tightening in other regions should keep the U.S. dollar relatively stable, which bodes well for technology companies and other growth-oriented names. The global energy crisis will likely make climate chang...

Summary The market is now oversold which could lead to a short-term bounce. Open interest is at multi-year lows, and likely only increasing slightly in recent days due to shorts entering the market. The gold miners have been very consistently leading the price of gold in both ...

Summary Gold has consistently traded below its 50-DMA over the past few months, while the 200-DMA is fairly flat. Over the past several days, it has been trending sideways right near 52-week lows. Silver rallied in the first half of September, moving back above its 50-DMA in the p...

Summary September gold has been a very strong delivery month with 8,573 contracts being delivered plus an additional 718 in open interest that will be delivered over the next week (9,219 total). Jumping ahead to October shows a slight elevation in open interest contracts relative ...

Summary Through the month of September, we've been on "Crash Watch" over concerns that a global equity market drop could lead to a liquidity-driven margin call across all asset classes. The watch continues through this week's FOMC meeting and then into October. The major drive...