Housekeeping: Good Morning. Gold’s most important Levels
QOTD: JPMorgan Says Bitcoin Halving and Ethereum Upgrade 'Are Largely Priced In'
Contents1
Current Prices
Yesterday’s Activity
Data Due
News
Markets/Metals Commentary
Attached: BOA CTA Analysis
COTD: Bitcoin Halvings and RSI levels
Yesterday’s Activity:
Comment:
Precious Metals-
Oil/NG-
US equities-
Bonds-
DX-
Crypto-
Week’s Data:
MONDAY, FEB. 26 New home salesTUESDAY, FEB. 27 Durable-goods orders
WEDNESDAY, FEB. 28 GDP (first revision)
THURSDAY, FEB. 29 PCE index 0.3% 0.2%
FRIDAY, MAR 1 S&P U.S. manufacturing PMI
Full calendar2
News:
Top MSM News Links Here
NOTABLE HEADLINES
"The U.S. Federal Trade Commission said Monday that it is suing to block the merger of Kroger and Albertsons, saying the combination of the two major grocers would result in higher prices for shoppers and lower wages for workers.
On Monday, Amazon officially becomes a member of the Dow Jones Industrial Average, replacing Walgreens
Chevron warned investors Monday that Exxon Mobil and China’s Cnooc are asserting they have a right to pre-empt the company’s bid for a stake in a prolific oil project off Guyana, an emerging dispute that could derail Chevron’s megadeal for Hess.
GEOPOLITICS
French President Macron said they think a Russian defeat is indispensable for Europe's security.
Macron also said European countries will increase sanctions on countries helping Russia to bypass European sanctions and noted that he didn't say France was not in favour of sending troops to Ukraine, while he stands by strategic ambiguity on the issue of sending troops to Ukraine.
US President Biden said he hopes a ceasefire agreement between Israel and Hamas can take effect by next Monday
US State Department said Hamas must accept the existing deal to reach a temporary truce in Gaza
Some headlines via NewSquawk or DataTrek
Markets/Metals Commentary (Charts):
Comment:
Gold- Very constructive day, consistent with Sunday Discussion
Silver- Getting slapped around by Gold buyers, the cycle is starting again
Oil- trying to decide after CTAs covered
Stocks-
BTC/ETH- Jamie Dimon: Halvening, 70% RSI, and adoptions
Bonds-
Going Out:
Model Pattie Boyd is selling letters that lift the lid on her notorious love triangle with guitarist Eric Clapton and Beatles star George Harrison. Boyd was a muse to both men in the 1960s and 70s
Premium Attached:
Also: Institutional Gold Technical Levels and HUI reversal
