Housekeeping: Good Morning.
“Stategy is just tactics on a longer timeline”
Topic:
About Last Nights Bear-Attack
Market Analysis: Tactical Comments
A little play by play this morning as our personal concern is if this growing confidence in shortsselling is a permanent swoon in the works or will it morph into massive opportunity to buy. The Conclusion is: A Bear atttack is starting. China is still buying. The game started last night.
Goldman: How to Play the Gold Dip
On Friday we posted our coverage of a report sent by Goldman to their institutional players advising them to be careful of a selloff in the immediate future. They advised buying some puts now to protect against short term drops and keep them positioned for the run to $3700 they expect by year end and $4,000 by H1 2026. This analysis is must read for anyone who seeks a peak of how the banks advise their biggest clients tactically
Deep Dive: Under $3270, CTAs Will Sell. Who Will Buy?
Having seen some data we concluded the following in a Deep Dive to premium subscribers Gold faces near-term pressure as CTA-driven selling is expected to accelerate early next week. The key question now isn’t whether selling will happen—it’s who will step in to absorb it.
Finally: Sunday Night came and a special message was sent to subscribers saying:
Sellers are back. The conclusion is, while American hours may not be friendly and Chinese speculators are vulnerable the fundamental buying underpinning this market is still there. They may be more patient, but they are by no means done buying Trade-war ceasefire or not. China buying reemerged last night on the lows at the same time Platinum was bid up
- Source
Full analysis in the three posts linked above
Related Posts:
Coming Soon:
Final market check
Data on Deck:
MONDAY, JUNE 30 9:45 am Chicago Business Barometer
TUESDAY, JULY 1 9:45 am S&P final U.S. manufacturing PMI
WEDNESDAY, JULY 2 8:15 am ADP employment
THURSDAY, JULY 3 8:30 am U.S. unemployment rate
FRIDAY, JULY 4 None scheduled, July 4 holiday
Full calendar1
Charts and Final Market Check
MONDAY, JUNE 309:45 amChicago Business Barometer (PMI)June43.040.5
TUESDAY, JULY 19:45 amS&P final U.S. manufacturing PMIJune--52.010:00 amConstruction spendingMay-0.1%-0.4%10:00 amJob openingsMay7.3 million7.4 million10:00 amISM manufacturingJune48.648.5%TBAAuto salesJune--15.6 million
WEDNESDAY, JULY 28:15 amADP employmentJune120,00037,000
THURSDAY, JULY 38:30 amInitial jobless claimsJune 28240,000236,0008:30 amU.S. employment reportJune115,000139,0008:30 amU.S. unemployment rateJune4.3%4.2%8:30 amU.S. hourly wagesJune0.3%0.4%8:30 amHourly wages year over year3.9%3.9%8:30 amU.S. trade deficitMay-$61.6B9:45 amS&P final U.S. services PMIJune--53.710:00 amFactory ordersMay8.2%-3.7%10:00 amISM servicesJune50.5%49.9%
FRIDAY, JULY 4None scheduled, July 4 holiday
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