...Commodities on a tear but Gold made a second false start move.
...As I have said, brace for a strong upside over the coming 5-6 weeks.
This week's panic-buying has reduced the drawdown from record highs (for the S&P) to just 1.5%...
The dollar fell for the 3rd straight day today and suffered the broke a 5-week winning streak. The dollar has traded in a tight range for the last 3 weeks though...
Source: Bloomberg
Crypto soared higher, rising for 3rd straight week, led by Bitcoin...
Source: Bloomberg
With Bitcoin back above $60k for the first time since April (and in fact reached almost $62k today)...
Source: Bloomberg
Commodities all made gains this week (CRB all comms hit an all-time record high) but copper was the dramatic outperformed while gold lagged...
Source: Bloomberg
Copper soared this week (its best week since Nov 2016 and 2nd best week since Oct 2011), back near the May highs, as global inventories plunge...
Source: Bloomberg
Gold tagged $1800 but was unable to hold it...
