The Backdraft Risks Coming For AI Trades
SBSW for Palladium & Platinum As Inflation Hedge Depends on Oil!
I was asked this morning if Palladium/Platinum would make for a good inflation hedge - to which I pulled up Client Jose's research on SBSW (as they mine both gold & palladium/platinum) which he shared last month on SBSW. The answer depends a lot on the price of oil - as its impact on the auto and mining sector matters.
Full report is included below with permission, plus my live trading room review I did also showing the big view monthly charts of Palladium & Platinum, which are undergoing digestion since January's parabolic rise in precious metals.
Speaking Of Gold…
Gundlach weighs in on gold in a recent Bloomberg interview - at the end after talking about his worries on the Private Credit market which he sees as getting worse with June 13th as "Ides of Redemption" part 2. My point: he says strongly he is a buyer with “ both hands at 3500” and “first shot right around $41/4200”.
As clients know, that so happens to be exactly where I see continuous contract gold going
The Backdraft Risks Coming For AI Trades
No, I’m not writing about my SPX 7425 call and how we are nearly 100 pts above and once back below it’s time to short. I did that already…
I’m more focused on the dollar, yen… oil, yields…
