Commodities like wheat, natural gas, nickel, and palladium surged in various ETFs. Concerns over the global economy dropping the dollar highlighted by a Fed governor. China's increasing de-dollarization efforts and focus on gold are evident with the rise in silver and copper prices. Silver hits an 11-year high, while Shanghai silver and gold prices rise. China's silver futures rally to a new record high. Aluminum and silver prices surge in China. Copper hits all-time high, with China's gold reserves at record levels. Commodities rally continues with metals like copper, tin, and silver showing significant gains.
Silver has corrected after the release of today's hawkish Fed minutes. It's still above its $28 to $30 support zone, so Friday's breakout is still intact. This appears to be a re-test of the support for now. $SLV #silversqueeze https://t.co/8ZSNAsaZd4
Gold with the best setup in history. For the past year the $GLD ETF has seen daily outflows. Meanwhile central banks like China and India have been buying record amounts. So who got it right? BRICS or retail investors? Coinbase adding gold futures in June could bring retail back.
#Copper takes a tumble amid the realisation the rally had forgotten one key ingredient: fundamental support. While the direction from a longer term perspective is correct, the timing was awful given the current weakness in Chinese data. Still a buy on dip market imo https://t.co/sqy0SOhOv9
CHINA'S GOLD FEVER = SOARING GOLD PRICES. The People's Bank of China has added 225 TONNES to their gold reserves in 2023. That's worth around $13.2 BILLION. This GOLD FEVER will persist as long as Pres. Biden continues to WEAPONIZE the USD with sanctions. https://t.co/m1eiaMAPx8
"Who's buying gold? The Chinese have been buying gold. Bigtime." - @WeldonLIVE https://t.co/hDK5E1mISH
'Gold was approaching 5% of China's total reserves as of April—a rise from around 3% in 2022. If China allocates just 1% more of its reserves into gold, that would be equal to around 9% of total global supply last year, using current prices.' https://t.co/NHeRZXtd9g
Silver in China is still trading at a 10% premium https://t.co/THGkm5EP66
With China's gold reserves at all-time highs and gold prices at records, it's natural for the 'de-dollarization' crowd to get louder. We're not buying it 🧵 https://t.co/euI09NsHgw
Copper 🟠 positioning has picked up materially https://t.co/HAxsfPAkkp
MORNING MARKET REVIEW: Weather markets reign supreme. Corn, soy, and wheat all inch higher amid global weather turmoil. Today's commentary: https://t.co/x1O0077u4I ✅ Sign up for daily market newsletters from the Farm Futures team: https://t.co/kzR9IrUgwh https://t.co/eZggEKhltY
Profit taking hitting #copper and #silver amid overbought conditions and a rethink given copper's current weak fundamentals. Silver may dip towards resistance, now support just above $30 before potentially targeting $33.50 https://t.co/ItCp1q0IlG
Gap higher in MATIF U24 #wheat & the highest trade since Feb 2023 encouraging low volume trade overnight in HRW & SRW 🇺🇸 mkts. Momentum & trend remain friendly. 🌾 https://t.co/64QueIMspG
Bloomberg Commodity Spot Index has gained some steam, with year/year change approaching double-digit % territory https://t.co/sskme7APuh
COPPER MONTHLY #HG_F #JATSPT #NinjaTrader https://t.co/8UN43KL4zA
CRUDE WEEKLY #CRUDE #JATSPT #NinjaTrader https://t.co/lGSONRNbK7
CRUDE WEEKLY & MONTHLY #CRUDE #JATSPT #NinjaTrader https://t.co/fzL1EJOuID
As Chinese retail investors take control of the Gold Market, is gold about to embark upon a Bubble path? Here's how (and why) it might play out: https://t.co/AvMELvwFrs https://t.co/qq1RTKSObl
Technical Update from @Cramers_Corner covering #gold, #silver, #platinum and #copper https://t.co/iKtj19oF7C
Aluminum appears to be the next metal getting sent as price surges to highest level since June 2022 https://t.co/DXCcqt6HYy
Southern Copper Eyes Start of Stalled Peru Mine Project as Soon as This Year $SCCO #copper https://t.co/xe66l5aDmS
Copper prices closed at another all-time high today and are up over 30% on the year. Is this a bullish signal for stocks and the economy? The answer may surprise you... Video discussion: https://t.co/SclHrFo9Vo https://t.co/BFnizg7SsD
Corn looks like it's getting ready to make its next move higher 🌽 https://t.co/7mNNSj1yba
⚡Aluminum Oxide continues its rally on Wednesday morning. #Aluminum +1%, #zinc +0.2%. #Copper -0.6%, #nickel -0.5% and #Tin -0.4. Shanghai #silver +0.9%, #gold -0.2%. INE crude oil drops 1.4%. #OOTT #IronOre rises 2.3%, and #steel rebars are up 1.3%. #China #Commodity https://t.co/4tNhMzXp1a https://t.co/CdZS1K1XF3
Wheat continues to rally. Putting in a new high as big money keeps driving us higher, nearing $7 to our highest levels since last August. The chart looks very strong. I think this market is going to continue to rally and it’s just a matter of time before we close over $7. The…
Big money continues pouring into wheat Bull flag breakout still looks strong. Flirting with $7.00 Highest levels since last August Sitting right at the “golden” 61.8% retracement from last summers highs Implied move for bull flag still pegs us around $7.15 Not a bad spot to… https://t.co/fXz7Maia8I https://t.co/4rReYWI1j3
De-coupling. “Altogether, one estimate has calculated that [China] has sold $300 billion of US Treasurys between 2021 and mid-2023. China's selling grew to the point that markets worried about higher yields.” https://t.co/RTA1H7Xk3z
China ramps up de-dollarization efforts by dumping a record amount of US bonds https://t.co/oRDXe3kvEn
Copper $HG_F margin ⬆️ https://t.co/0n8nCTotfP
There's that push higher in wheat 😉 https://t.co/wIQ3ygUnZS https://t.co/pJNt8Q3cQk
China's US bond shifts put dollar under geopolitical spotlight https://t.co/gTjrcIe5H3 https://t.co/VrL1ThS1ou
Silver is taking a breather after Friday's breakout above the key $28 to $30 zone but is holding its gains quite well. This is healthy behavior. $SLV #silversqueeze https://t.co/zYnNssWqQx
China’s U.S. bond shifts put greenback under geopolitical spotlight https://t.co/plIH9OUB8d
"The fundamentals for this commodity, I believe, are as good as the fundamentals can be for a commodity." As copper prices keep setting new records, @FM_FCX CEO Richard Adkerson discusses both the booming demand and constrained supply he's watching. https://t.co/qo1WWDnjs2
Metals like Tin (+36% YTD), Silver (+34% YTD) and Copper (+31% YTD) have been rallying so far in May. https://t.co/ICuYTQLmBM
Copper is the most interesting story of the commodities rally: Stuart Kaiser | https://t.co/jvn7maFx44 @MorningsMaria @FoxBusiness
Commodities as an asset class have enjoyed a nice upside reversal in the last month - metals, in particular. Could this rally continue? @jaykaeppel examines current trends and the seasonality factor to provide insights. https://t.co/1luX9bx9vo
Wheat pushing higher, corn following...
#copper that I mention frequently alongside #preciousmetals or in article introductions, keeps pushing higher, and the latest upper knots aren‘t medium-term concerning in the least. The fact that we don‘t get a consolidation between $4.90 and $5, is pretty telling – and uranium… https://t.co/U0Z3yqZgJ3
#Silver trades back to unchanged after finding support for a second day around $31. Using Fibo extension targets, a break above resistance at $32.50 could see it target $33.50 next. https://t.co/ufOkf3Xk44
LME base metals little changed, #aluminium sees further cancellations https://t.co/JH2j0g3vpP
Gold/Copper Upward Path and Potential Catalysts - #Gold appears low vs. #copper if #Chinese government-bond (CGB) yields and US #stockmarket volatility are guides. At 0.22 on May 20, the metric ton of copper equivalent to an ounce of gold has been rising since the 0.06 nadir in… https://t.co/NgGPjxzNPx
China has been offloading US Treasury debt at a record pace. It is yet another sign of deepening ties with Russia, warns @philippilk 👇 https://t.co/FPR4Xew52y
Hedge Funds, 2024 Election, China and Gold Shining vs. Copper - A lesson learned from former President Donald Trump that #China bashing gets votes may fuel #gold's propensity to outshine #copper. Stretched #futures longs on the economically sensitive metal vs. sizable #ETF… https://t.co/341z2iZE9W
Weekly Copper #HG_F #Copper #JATSPT #NinjaTrader https://t.co/N07J0NwBOs
CRUDE WEEKLY so you think Bank is gonna break them weekly 1's (77.90 - 78.29) moving risk out going into holiday? Maybe one more drop & pop at Monthly 1 right there at 77.48 for good times sake? #CRUDE #JATSPT #NinjaTrader https://t.co/v6ZrWrcMTM https://t.co/M7F8LjXBmD
🇨🇳 China is selling US Treasuries and buying gold like never before. End of the 🇺🇸 USD hegemony? #Bitcoin https://t.co/ulCD23R6p5
🇨🇳 China is selling US Treasuries and buying gold like never before. What is happening? https://t.co/kWMMpu5A4p
Natural gas futures are up 42% this month while high grade copper futures are up 11.8%. Commodities are on a roll..
Commodities: Silver’s technical and momentum driven surge above $30, which helped drag gold and copper to fresh record highs, has paused with fresh dollar strength leading to profit taking. Also, a bounce in the gold-silver ratio from key support below 75 highlighting the need… https://t.co/c3GuzpNWkF
China offloads record amount of dollar assets – data Beijing has sold $53.3 billion in US securities, according to Treasury Department data https://t.co/YXw2Zq4dtR https://t.co/zaKwsQ6nXs
Speculator positions in key metals as of 15 May. #Copper looks stretched. #gold #silver #platinum https://t.co/3fq8qsOw4d
The average daily trading volume on the Shanghai Gold Exchange nearly doubled in April. China is slowly taking control of the gold price. @Frank_Giustra @LukeGromen
The average daily trading volume on the Shanghai Gold Exchange nearly doubled in April. China is slowly taking control of the gold price. @Frank_Giustra
It's not often we find the BCOM TR index in overbought territory, and it highlights the broad nature of the recent rally with MTD gains being led by precious metals (8.7%), industrial metals (7.4%), and grains (7%). #Natgas, #silver and #copper all in need of consolidation. https://t.co/5Be8JSufrG
#China’s Gold Imports Slow as Record Prices Temper Demand Limited investment options drive consumption of bullion Shanghai Gold Exchange further raises margin requirements https://t.co/ywml6GZZwz
This gold rally is made in #China https://t.co/x5x1B7taJk
This gold rally is made in China https://t.co/MH33uMqEZx
China is rapidly ditching the dollar in international trade - Besides the unsustainable debt, economic sanctions/warfare and theft of reserves, there are growing concerns about the pending US bank crisis https://t.co/K235lc1tHR
China is rapidly ditching the dollar in international trade - Besides the unsustainable debt, intensifying sanctions and theft of reserves, there are growing concerns about the pending US bank crisis https://t.co/Bvy4NypcYa
China paying +$4.71 oz premiums🔥🚒🧯 Follow @InProved_Metals HUGO for these updates #SilverSqueeze https://t.co/CeOzRPVnnS
Grains rally across the board. Wheat flirts with limit up action and a new high close. Soybeans miss a new high close by less than a penny. The funds and the algos came in and started buying grains. Starting with the wheat market led by cold weather concerns in Russia, dry…
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears https://t.co/MmJlyK28ao
⚡Spot #silver fell over 1% after rising more than 2%, now at $31.67 per ounce.
#China's #silver futures continue to rally on Tue, surging over 7% to hit new record high. https://t.co/haGgRmRP6L https://t.co/yhNRV3A5h9
Gold price in China $2,485 Silver price $36.26 Silver +6.6% close to another limit up in Shanghai
Aluminum in China up 7% Silver up 6% Supply tightness spreading or capital flight? 🤔 https://t.co/mmhUHnyFNU
⚡Most commodities futures open higher again in #China on Tuesday. Shanghai #silver rises 6.6%, #gold +0.6%. #Zinc+2.2, #copper +1.3%, #nickel +1%. #tin -0.35% and #aluminum -0.12%. #IronOre +1% and #steel rebars are up 0.3. INE crude oil +0.1%. #OOTT https://t.co/NXOVyJaDt0 https://t.co/6SQmkv3bpr
PRICE OF SILVER HAS CLIMBED TO 11-YEAR HIGH ABOVE $30—WATCH THIS KEY CHART LEVEL (MSN) Silver (SILVER) remains in focus on Monday after the metal climbed to an 11-year high above the closely watched psychological $30 mark, benefiting from its safe-haven characteristics, softness… https://t.co/GrIdR2ivRm
Here is the reality Existing mines won't be enough for the coming demand. (unless investment EXPANDS substantially) $PERU $BHP $FCX #copper 📊 @CRUGROUP https://t.co/1MypY3FCYM
Fed governor highlights de-dollarization debate as concerns of global economy dropping the dollar grow. "The role of the U.S. economy in world finance is changing." https://t.co/SD7FxqVRjv
#Commodities got the zoomies. Check these ETFs. • Wheat (WEAT) +4.8% • Natural Gas (UNG) +3.8% • Nickel (NIKL) +2.8% • Palladium (PALL) +2.7% • Uranium (URA) +1.7% • Corn (CORN) +1.3% • Soybean (SOYB) +1.0% • Silver (SLV) +0.7% • Lumber (WOOD) +0.6% • Gold (GLD)…