Data-Driven Commodity Research, The Commodity Report

The Commodity Report

Data-Driven Commodity Research

A unique newsletter about commodities and macro analysis in a weekly format.

Commodities

<ul><li>Fund Managers Are Long Commodities Again Be careful if you’re heavily long commodities at the moment.</li><li>The Bank of America survey usually always works as a great contra sentiment indicator.</li><li>If fund managers are heavily long commodities - prices tend to top out.</li></ul>

Fund Managers Are Long Commodities Again Be careful if you’re heavily long commodities at the moment.The Bank of America survey usually always works as a great contra sentiment indicator.If fund managers are heavily long commodities - prices tend to top out.

<ul><li>Gold and Bitcoin prices both remain massively supported by easing financial conditions and a bunch of liquidity in the market.</li><li>While the Fed Funds Rate remains high at 5,5% - liquidity conditions in the market is what really matters for both safe haven assets.</li><li>Meanwhile, J.P. Morgan announced that gold is their number one pick in the commodities market. According to them, the price has room to rise towards $2.500.</li></ul>

Gold and Bitcoin prices both remain massively supported by easing financial conditions and a bunch of liquidity in the market.While the Fed Funds Rate remains high at 5,5% - liquidity conditions in the market is what really matters for both safe haven assets.Meanwhile, J.P. Morgan announced that gold is their number one pick in the commodities market. According to them, the price has room to rise towards $2.500.

Gold and Bitcoin Rallye & CTA Positioning Update

<ul><li>China set a growth target of “around 5%” for 2024, according to the “Government Work Report” released Tuesday as part of the opening of the National People’s Congress annual meeting.</li><li>Last year China’s economy grew by 5.2%, matching the official target of around 5%.</li><li>China set a deficit-to-GDP ratio of 3% for the year, down from a rare upward revision to 3.8% late last year from the original 3%.</li></ul>

China set a growth target of “around 5%” for 2024, according to the “Government Work Report” released Tuesday as part of the opening of the National People’s Congress annual meeting.Last year China’s economy grew by 5.2%, matching the official target of around 5%.China set a deficit-to-GDP ratio of 3% for the year, down from a rare upward revision to 3.8% late last year from the original 3%.

The Aftermath of El Nino Weather // China Re-Confirms 5% GDP Growth Target

Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

<ul><li>Gold price has rallied to new highs, but market cap of US's biggest gold ETF has shrunk</li><li>Push higher driven by quick money inflows, fundamental/ETF inflows, safe haven bid, technical drivers, FOMO</li><li>Physical demand from central banks and Chinese retail buyers has been strong, but recent rally seems driven by financial quick money inflows</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Gold price has rallied to new highs, but market cap of US's biggest gold ETF has shrunkPush higher driven by quick money inflows, fundamental/ETF inflows, safe haven bid, technical drivers, FOMOPhysical demand from central banks and Chinese retail buyers has been strong, but recent rally seems driven by financial quick money inflowsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities: Gold Rushes to Record Highs

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>The number of risk-on signals continues to grow, while risk-off signals remain virtually non-existent. We will be sure to point it out when this dynamic starts to change</li>
<li>In the meantime, we want to continue riding this bull market higher, and our bullish outlook on the S&amp;P 500, Russell 2000, and Nasdaq 100 (since early-November 2023) remains intact.</li>
<li>Gold is breaking out of a 3.5-year base to all-time closing highs -- buy. Silver is breaking out above a 3-month base at $23.50. Fueled by toppy DXY and rates</li>
</ul>


The number of risk-on signals continues to grow, while risk-off signals remain virtually non-existent. We will be sure to point it out when this dynamic starts to change
In the meantime, we want to continue riding this bull market higher, and our bullish outlook on the S&amp;P 500, Russell 2000, and Nasdaq 100 (since early-November 2023) remains intact.
Gold is breaking out of a 3.5-year base to all-time closing highs -- buy. Silver is breaking out above a 3-month base at $23.50. Fueled by toppy DXY and rates


Gold Breaking Out Above 3.5-Year Resistance as the U.S. Dollar (DXY) And Treasury Yields Roll Over

United States

Gold is a chemical element with the symbol Au (from Latin: aurum) and the atomic number 79. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable and ductile metal. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements, and is solid under standard conditions. The metal therefore occurs often in free elemental (native) form, as nuggets or grains, in rocks, in veins and in alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum) and also naturally alloyed with copper and palladium. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides).

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Gold (GOLD COMDTY)

Fund Managers Are Long Commodities Again

Fund Managers Are Long Commodities Again Be careful if you’re heavily long commodities at the moment. The Bank of America survey usually always...

The Commodity Report

Gold and Bitcoin Rallye & CTA Positioning Update

Gold and Bitcoin prices both remain massively supported by easing financial conditions and a bunch of liquidity in the market. While the Fed Funds...

The Commodity Report

The Aftermath of El Nino Weather // China Re-Confirms 5% GDP Growth Target

China set a growth target of “around 5%” for 2024, according to the “Government Work Report” released Tuesday as part of the opening of the...

The Commodity Report

Global Commodities: Gold Rushes to Record Highs

Gold prices have reached new highs, but the market capitalization of the largest US gold ETF has decreased, as investors have been selling gold...

At Any Rate

Gold Breaking Out Above 3.5-Year Resistance as the U.S. Dollar (DXY) And Treasury Yields Roll Over

Gold $GLD $GC_F Breaking Out Above 3.5-Year Resistance as $DXY and Treasury Yields Roll Over $TNX $TYX; Seeing More Risk-On Signals, Not Less....

Vermilion Research

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