SLVO News and Press, Credit Suisse X-Links Silver Call ETN IOPV From 05/16/23

2023-05-16 01:05:00 ET Summary April showed a slight downturn for commodities. The gains of the agriculture and livestock sectors were not enough to offset industrial metals, the weakest sector. Lingering economic growth concerns triggered by the March regional banking crisis and ...

2023-05-12 03:10:00 ET Summary The level of bullishness in gold and silver recently matched or exceeded that at the previous peak on April 13. It was therefore no surprise that they both dropped on May 11. Expect short-term reversals at extremes, but until we get a break of major ...

2023-05-05 18:00:00 ET Summary In 5 days, the COMEX has seen 4,190 contracts open and stand for immediate delivery. Net new contracts are contracts that open after the delivery month begins and stand for immediate delivery. The gold price is taking a breather after a strong we...

2023-05-03 02:45:00 ET Summary The latest JOLTS report, issued on May 2, continued the trend of declining and tightening labor market conditions. The impact of this report on COMEX gold and silver prices was immediate. Prior to the report, Jun23 COMEX gold was trading near $1995. ...

2023-05-02 03:30:00 ET Summary For the first quarter, gold rose 8.2% and silver was basically flat for the quarter but rose 15.6% in March. The mining stocks, generically using the GDX ETF as a proxy, rose 12.2%. As the world shifts away from using the dollar as a reserve currency...

2023-05-01 06:30:00 ET Summary Gold is facing a healthy consolidation after a strong rally during March and early April. The market has gone very quiet over the last 3 weeks with little movement from any of the parties. Net positioning in silver has rebounded but not as much a...

2023-04-30 05:25:00 ET Summary Silver has seen a relatively weak delivery to start the action in May. While this could be considered disappointing to some who were looking for fireworks, a look beneath the surface shows that all is not well. May silver is a minor month, but it loo...

2023-04-26 22:15:00 ET Summary Crescat is a global macro asset management firm. Our mission is to grow and protect wealth over the long term. The ongoing deficit spending and debt monetization since the 2008 crisis have created a trifecta of macro imbalances. Forward-thinking ...

2023-04-25 21:58:00 ET Summary Gold deliveries of 23.7K in April exceeded the last two major months of December and February. May is the upcoming delivery month in gold and is looking very average at the moment. Silver delivery from the COMEX was low in April, but there is mor...

2023-04-22 11:09:00 ET Summary We got the long-awaited pullback and nailed the lows at ~1980 and ~24.75. Much of it depends on bond yields and the DXY in the short term, but the May 3 FOMC meeting will be the true determinant. Although a test of the record high of $2089 in Aug...