#platinum up 50% 😜

A few weeks ago, some guy told me: “Bro, no one can make money in #silver, never has, never will” Well it’s up 32% if you were patient but ok…

Anyone who’s bullish #copper is a retard coz of China they said… Guess what, it’s up 32% vs last year 🤡

Your humble servent in Saint Tropez

Last days in #Saint-Tropez Lunch at (new) #Coyabeach

Apero at #Byblos #Saint-Tropez

TA guys are all telling you it’s “lights off” in #Silver and #Gold coz the USD strength is back with a vengeance. Yeah right, the debt bubble is still there and getting worse. Nothing has changed. Buying some silver here

With the concerning jobs data we got today it seems more than likely that the Fed rate cut will take place in Sep and with that, the usd will resume its inexorable down trend. No need for me to explain what will then happen to PM’s and commods in general

Purely looking at price action, I like #WTI ard here ie as close as possible to dollar 65 where it has been clearly basing for a while. So it’s make or break. I bot some…

U.S. tariffs on large gold bars (1 kg & 100 oz) could spark new interest for #silver even though this will proly NOT affect global #Gold demand

#Silver is constantly making higher lows fn but it has failed to make a higher high so far. Let it go thru the doll 40 resistance and expect a brutal ascent. #Gold is still consolidating, gather strength for the next leg up but silver will probably lead

It is reasonable to assume that the US mkts have already priced in the next IR cut so what do you think will happen in September when the Fed will announce their widely anticipated cut?

#Gold has gone nowhere since are mid April but in the meanwhile #GVZ ie gold volatility is getting dirt cheap below 15. Expect gold to bite back very soon

After its period of consolidation, #Silver is now ready to ride this on its own (doesn’t need Gold to help) and well on its way to break its doll 40 resistance

#Silver is now 1.155% the price of gold. Let it go above 1.16 and silver will quickly gain over gold and is likely to slowly make its way to min 2%

Looking back at 2000, we all thought, after the facts, how in hell did we get there and yet…

So sep #SILVER futures first notice day (FND) is aug 27th. The sep longs are now forced to roll it to dec. interestingly, contrary to previous months, the front end (sep) isn’t feeling weaker than the back end ie dec. in fact hear spot physical now trading at an inverse to Sep

Saudi Central Bank (SAMA) has reportedly bot #silver, notably through a significant stake SLV ETF. This move is considered unprecedented for a CB which traditionally focuses on gold and foreign currencies.

In recent months/yrs, every time the roll took place (traders rolling front end to back end), the #Silver mkt inevitably took it on the chin like it did, initially, today. Now however, while the bulk of the roll took place (24.000 OI left on Sep), the mkt is unched! Impressive

So #NVDA said yday they expect decelerating growth and yet the mkt is chasing their stock which is trading at a P/E ratio of almost 58. As a simple commodity trader I just can’t understand that. Can anyone explain the rationale behind this?