Ian Reynolds
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Overnight
Economic Indicators Released Overnight
Bond markets were shut yesterday and the US Govt still closed. Despite that Gold and Silver rallied hard with Bitcoin and Equities staging a recovery,
China's strong export and import numbers surprised, and investment bank Jeffries was forced to announce it wasn't in trouble, and Bank Julius Baer seems to have got itself into real estate difficulties.
US Equities
Breaking
Trump Urges World Leaders to Seize Momentum for Gaza Peace [Bloomberg]
Bitcoin
Pretty quiet in crypto as the dust settles on Friday’s carnage and traders watch Gold and Silver. Read more
Commodities
Considering all the interest in Silver, Gold had an amazingly positive day, aided by queues at bullion dealers and shortages all around. Read more
GOLD/USD Daily
Foreign Exchange
Not much happening in currencies and price triangle suggests a break one way or the other. Maybe it’s a small bull flag (pennant). Read more
Equities
Decent price rallies in US stock markets yesterday but momentum is fading. The spike down only took price to $6,550 before bouncing. As the breakdown hasn’t confirmed yet, a further rally would just push price back into the uptrend. Read more
More on Substack
Economic Indicators Today
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