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.