Good morning. Lots of research to go through. May be just throwing out the metals stuff that catches our eye. Look for multiple short posts potentially.
Timeline from last night:
Buy Season Caveats:
Positioning and Price Comment
UBS CONFIRMS OUR CTA ANALYSIS
UBS Report pdf
THE BOTTOM LINE.
Timeline from last night:
Last night Asian Bank traders out of Shanghai bought Silver and Gold. We said as much at 9:44 pm looking ahead to what the US CTAs would do.
Shanghai longs are adding. Could be good tomorrow if CTAs get motivated…
At 9 a.m. almost 12 hours later we got our answer:
