Sunday Reading: Headed into Next Week

GSTrader, MS, ML, TD

Housekeeping: Founders Meeting at 2p.m. is good to go

Good afternoon.

We would note the GS trading desk ( below) is looking at shorting the CNY. This is on top of buying slightly weakening in Gold (TD and BOA comments and reports below) and the Yuan strength slowing last week. These are all some things that may cause a pause in the market rally next week.

Also: NatWest Full 2024 piece and Merrill Macro below

BOA on GOLD CTA ACTIVITY

Gold and Oil price trend continues to decline. Our model’s long Oil position gradually declined this week and looks to get to neutral or even short next week as price trend continues its decline.