SLVO News and Press, Credit Suisse X-Links Silver Call ETN IOPV From 06/15/23

2023-06-15 23:00:00 ET Summary Gold broke trendline support (green) on Tuesday and backtested that support, now resistance, on Wednesday. Until Silver closes above 24.41, the risk remains down. The weekly chart also confirms that 24.41 is the level to break, as shown by the downtr...

2023-06-15 16:30:00 ET Summary China’s disappointing recovery following the COVID-19 reopening this spring has been the major reason for the declining commodities markets in May. The UBS Constant Maturity Commodity Index declined 5.78% and the Bloomberg Commodity Index decl...

2023-06-14 04:41:00 ET Summary Monetary policy in 2023 is akin to 2010 and 2019, two recent years, where similar policy shifts occurred. After the latest CPI inflation data that was printed on Tuesday, it appears highly unlikely that the Fed will hike the fed funds rate another 25...

2023-06-13 06:30:00 ET Summary The US recently experienced the highest price inflation in decades. Demand for physical bullion surged to record highs in response to that and the chaos in geopolitics. However, very little of that showed up in the price discovery at futures exchange...

2023-06-09 01:15:00 ET Summary We’re getting a nice pop in Gold and Silver today, but not so much in the miners. My concern is that Gold was neither extremely oversold nor positively divergent ahead of this rally. We didn’t get a positively divergent lower low ah...

2023-06-08 02:00:00 ET Summary We're not quite through the first half of 2023, but just for fun, let's take a stab at what we might expect to occur in the second half, at least as it pertains to gold and silver prices. The central premise of this year's "macrocast" is that the yea...

2023-06-07 06:30:00 ET Summary The US is currently facing a massive debt liability and a rising interest rates environment, while the nations are actually about (and already beginning) to abandon the US dollar over the coming years. Interest rates are an indication of the value th...

2023-06-06 00:08:00 ET Summary Managed Money net long positioning in gold dropped below 100k contracts, driving the price below $2000 an ounce. Despite recent price drops, gold and silver markets have not reached overbought situations, suggesting potential for future rallies. ...

2023-06-03 01:40:00 ET Summary As expected, gold has turned in a fairly strong start to the month. It’s below April but is still early in the contract. Looking ahead to July shows gold slightly ahead of the average for the same time of the month. With the roll in the cu...

2023-06-02 01:00:00 ET Summary Gold's bottom could be in, or it may experience a wave B bounce followed by a lower wave C; both scenarios ultimately lead to higher prices. Silver and GDX have similar scenarios, with the potential for positively divergent lower lows or a wave B bou...