2025 Lunatic Fringe - Market and Trade Chat

[Voodoo]

I think the smart speculation has it more likely nailed than the MSM. For those saying that this is China selling bonds the facts don't seem to support that idea. What does, is likely the Basis Trade and Hedge Funds/Banks that used it are suffering badly. That and some Japanese carry trade suffering as well.

 

[dpong]

Tom Luongo thinks it was Europe selling the treasuries, upsetting the basis trade.

[A very short clip.]

 

[Cigarlover]

I think the smart speculation has it more likely nailed than the MSM. For those saying that this is China selling bonds the facts don't seem to support that idea. What does, is likely the Basis Trade and Hedge Funds/Banks that used it are suffering badly. That and some Japanese carry trade suffering as well.

I heard it was the basis trade as well but many concerns if China does decide to dump.

 

[pmbug]

 

[Voodoo]

Well that's a Giant Head and Shoulders top pattern.

 

[Goldhedge]

Well that's a Giant Head and Shoulders top pattern.

That should make a BIG dead cat bounce!

 

[Voodoo]

Yep, it's not real clean due to that previous break through and bounce back but portends weakness IMO. That projects a price to ~$175. I would be soooo sad were that to happen.

 

[pmbug]

Silver up slightly and gold up bigly from yesterday's close in overnight trading in China. SFE silver vault reports an inflow for the first time in over a week.

SGE finally released their weekly report for last week's silver vault activity and surprisingly they reported a moderate outflow. Given the very strong outflows the SFE silver vaults had been reporting daily, I was expecting the SGE to report a inflow (expecting SFE out ~> SGE in). There must be very strong demand for silver in China as SGE silver demand was greater than the SFE outflow.

 

[pmbug]

 

[pmbug]

Posted yesterday:



COMEX + LBMA are closed for Good Friday.

 

[pmbug]

 

[pmbug]

Gold prices are soaring as investors flock to safe-haven assets amid escalating global trade tensions. In South Korea, where the gold rush has reached a fever pitch, daily trading volume has quadrupled, according to market data.
...
Although local prices have eased slightly from a February peak — when gold briefly neared 170,000 won per gram — investor appetite remains strong. The Korea Exchange data showed that average daily trading volume in the local market has reached 50.9 billion won this year, a 342 percent jump from the 2024 average.
...

Gold trading in Korea quadruples amid relentless global rally

Gold prices are soaring as investors flock to safe-haven assets amid escalating global trade tensions. In South Korea, where the gold rush has reached a fever pitch, daily trading volume has quadrupled, according to market data. Spot gold surged to a record $3,357 per ounce on global markets on...

www.koreaherald.com

I'm guessing their political instability with the martial law drama and eventual impeachment of their President might also be a factor.

 

[pmbug]

FOMO rising in Asia:

As gold prices continue their upward trajectory, more Malaysians are turning to the precious metal as a hedge against inflation and a tool for wealth preservation.
...

M’sians turn to gold for wealth security as prices soar

The precious metal is one of few investments that reward fairly and one does not need course to get started, says investor

thesun.my

 

[Goldhedge]

this is what I see gonna happen for the duration... bounce between support and resistance for a while...

 

[Viking]

 

[Voodoo]

Someone lit a fire under Gold and Bitcoin tonight.

 

[pmbug]

Dollar (DXY) crashing a bit helps gold. Not sure why BTC found a bid.