Silver as an investment

Category Archives: Futures Contract

Geopolitical “Powder Keg” Supports Gold’s Resurgence

Despite the second slam in as many days into the London Fix…   Gold is trading near the highest in five months, and, as Bloomberg notes, at least one measure suggests the rally is gaining momentum. Open interest, a tally of outstanding contracts in Comex futures, this week climbed to the highest since January as global […]

European Stocks, Futures Rebound As Stronger Dollar Eases Haven Demand

European stocks rebounded after the biggest one-day drop since November, alongside S&P futures, while Asian equities posted modest declines after yesterday’s weak US close. Gold and yen slid, while the dollar gained on the latest Mnuchin comments to the FT according to which Trump was “absolutely not” trying to talk down the dollar. European equities […]

Gold Surges, USDJPY, Yields Slide As Markets Finally Respond To Latest Set Of Economic, Geopolitical Shocks

With markets shut on Good Friday, even as the one-two knockout punch of the worst monthly core CPI print in 7 years hit… … coupled with a miss in March retail sales, which suffered their biggest two month drop in 2 years…   … on Sunday night traders were desperate to catch up, or rather […]

Bond Bears Battered To 5-Month Lows But Rate-Hike Bets Top $3.2 Trillion

Since their peak 'shortedness' in mid-January, US Treasury bond bears have covered 500,000 10-year-equivalent contracts, reducing the net speculative short to its lowest since before Thanksgiving 2016. At the same time, however, Eurodollar shorts (bets on Fed rate hikes) have soared to a new record high (over $3.2 trillion notional).   However, both the absolute […]

Commodity Carnage Crushes Trumpflation Hopes: “Everyone’s Nervous The Bottom Is Falling Out”

Another night of ugliness in Asia as the 'froth' is blasted out of the exuberant hot-money-chased commodity markets. Chinese steel and iron ore futures tumbled on Wednesday to the lowest prices in months as market sentiment turned bearish on the demand outlook. As Reuters reports, China's producer price inflation cooled for the first time in […]

“Hard” Economic Data Slides To One Year Lows

With 2017 EPS expectations at 2017 lows, 2017 GDP expectations at 2017 lows… And real bond yields at 2017 lows, it should hardly be surprising that 'hard' economic data has collapsed to its lowest level in over a year.   What should be surprising is the equity market's desperate clinging to 'soft' survey data's high […]

Confusion In Bond World, As Eurodollar Shorts Hit New Record High Over $3 Trillion

One week after we observed the biggest monthly short squeeze in 10Y TSYs in history, it was a relatively calm week in the longer-end of the Treasury curve. According to the latest CFTC data, spec net shorts in aggregate Treasury futures was little changed from the previous week at 612K contracts in TY equivalents. While, […]

Citi: Central Banks “Took Over” Markets In 2009; In December The “Unwind” Begins

Citigroup’s crack trio of credit analysts, Matt King, Stephen Antczak, and Hans Lorenzen, best known for their relentless, Austrian, at times “Zero Hedge-esque” attacks on the Fed, and persistent accusations central banks distort markets, all summarized best in the following Citi chart… … have come out of hibernation, to dicuss what comes next for various […]

US Futures Rebound Sharply, Erase All Syrian Airstrike Losses

After initially tumbling in the aftermath of the U.S. missile attack on Syria which jolted financial markets, boosting haven assets and temporarily shifting investor focus from today’s jobs data , S&P futures have managed to recoup all losses (the Nikkei closed up 0.4% after sliding earlier in the session), with Europe also just fractionally lower […]

The Best And Worst Performing Assets Of The First Quarter

Welcome to a new financial quarter. As part of the usual review of last month and Q1 asset performance, it is worth nothing one surprising element of Q1 we showed over the weekend, namely that the VIX index had its lowest average quarter since Q4 2006. According to Jim Reid, who is perplex by this […]