plan ahead
market vibes
June 9…)
“Tip the world over on its side and everything loose will land in Los Angeles.” Frank Lloyd Wright
The Fed’s latest consumer survey of 1 year inflation expectations in white will be released at 11:00 this morning. The U Mich consumer survey of the same metric last friday is overlaid in blue.
In the news
Bloomberg highlighted the growing popularity of silver among investors. Total holdings of silver ETFs are the highest in two years and up 60 million toz since February.
More companies are talking about acquiring the coin in the name of SPVs than at any time since January 2024…. Meta planet, GME, DJT, Sharplink and others and some of them are doing it.
Swiss infaltion fell to negative 0.01%, short dated Swiss debt is negative circa 20 bps (BBG).
In the markets
July platinum is making new contract highs again. OI dipped slightly on Friday. Volume has been directionally high, indicating buyers mean business. This is the 5th day of higher highs and higher lows, offering an entry price with a stop below Friday’s low. A simple way to participate as long as prices don’t have a down rotation, meaning a trade below the low of yesterday.
July silver is making new contract highs on rising OI and rising volume.
The CFTC reported net non-commercial length is near its recent 2-year highs on Friday but well below its 5-year high.
Next up this morning: The relic is en repose’, DXY on the lows, stocks on the highs, bonds lows, bitcoin on the highs and oil in the middle. The markets are always speaking in tongues if you listen. And some thoughts on planning ahead and why… in the vibe.
