Tuesday PM Posts
PM Posts |
Housekeeping: This is the PM GoldFix post combining AM emails with additional intraday posts.
Market Recap:
Stocks did well given the last few days. Likely some short covering before NVDA reports. Frankly it’s the most important equity in the world right now.
The business concerns for the company were about the new chip setups, called Blackwell. There are reports/concerns of overheating.
Judging by today’s behavior that fear has subsided. Nvda was up 4.9%
Gold had a strong day. Silver started well but lost momentum while copper caught a small bid.
The dollar started strong with gold indicating this was definitely Russia fears. As the dollar backed off, so did gold at first as people stopped worrying for the moment. As the dollar slid.. gold picked up its bid again.
Bitcoin continues to rally and an obsession with why MSTR is so high is beginning to take hold of stock players.
