It’s the weekly commodity edition of What the FICC?
Since I’ve been under the weather this week, I wanted to share three of my favorite charts from the entire FICC space heading into the weekend.
Check it out!
Expert technical analysis of financial markets by JC Parets
by Ian Culley
It’s the weekly commodity edition of What the FICC?
Since I’ve been under the weather this week, I wanted to share three of my favorite charts from the entire FICC space heading into the weekend.
Check it out!
by Ian Culley
From the Desk of Ian Culley @IanCulley
Forget about what Powell said or whatever you heard on the street.
We’re still looking for risk assets to buy.
That includes stocks and commodities. Despite the dollar applying downside pressure to risk assets this morning, I want to share one commodity that looks ready to rip…
by JC
The Natural Gas ETF saw its highest volume of all time on Wednesday – by a long shot.
I mean, it wasn’t even close.
When I see something like that, I think “Capitulation”.
There’s something going on here and I want to take a closer look.
So here’s that look.
You can see the $UNG Natural Gas ETF back down to those 2020 levels.
This ETF rallied over 300% last time it was down here: [Read more…]
by Ian Culley
It’s the weekly Gold Rush!
While Gold futures digest overhead supply, strength broadens across the metals space.
Check it out… [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
Plenty of gold bugs have Krugerrands buried in their backyard or basement – if not secured in a safety deposit box at their local bank.
It’s no wonder gold falls under the “end-of-the-world” category of assets.
Regardless, gold prices can also rise with risk assets.
I raise this point not only as an important reminder but because it’s pivotal to understanding our bullish thesis for precious metals.
It’s a metals story…. [Read more…]
by Ian Culley
It’s the weekly commodity edition of What the FICC?
I have to imagine Uranium stocks catch a bid if copper and gold are ripping higher.
Check it out!
by Ian Culley
From the Desk of Ian Culley @IanCulley
Commodity prices remain elevated despite easing inflationary pressures.
It’s evident in the two overarching themes across the commodity space – resilience at the index level and relative strength from metals.
I’ve been vocal about both, urging readers not to fight DR. Copper while teasing the possibility of Gold reaching 5K. I’m serious about both!
Strength likely spills over into the periphery if we’re in an environment where gold and copper print fresh highs.
That brings us to my favorite chart this week…
by Ian Culley
It’s the weekly commodity edition of What the FICC?
Every day we have the choice to either follow the news or follow trends. I choose the latter…
Check it out!