Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (187796)

5/20/2022 9:07:43 AM

From: Pogeu Mahone

Read Replies (1) | Respond to of 217906

Gold’s luster continues to fade as hedge funds liquidate bullish bets for fourth straight week

Neils Christensen Monday May 16, 2022 16:14

Kitco News

Share this article:

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Hedge Funds continue to liquidate their bullish gold bets; however, the latest trade data from the Commodity Futures Trading Commission shows they are also hesitant to make any significant bearish bets.

"Sentiment is poor in precious metals, and elevated positioning analytics still argue for potential additional pain for gold bugs," said analysts at TD Securities.

According to some analysts, the data shows that bullish momentum in the U.S. dollar, coupled with the bond market selloff, is creating a challenging environment for the precious metal. At the same time, growing volatility in equity markets supports gold as a safe-haven asset.

For many analysts, the critical unknown factor for gold remains inflation. Market analysts have said that if inflation pressures have peaked, real yields, which just recently turned positive, could push higher, which will create some competition for gold.

"Ultimately, real interest rates will go higher, which is bad news for gold," he said. "I think it's only a matter of time before gold is trading comfortably below $1,800 an ounce. I expect that by year-end, gold prices could be below $1,700," said Chris Vecchio, senior market strategist at DailyFX.com, in a recent interview with Kitco News.

The CFTC disaggregated Commitments of Traders report for the week ending May 10 showed money managers lowered their speculative gross long positions in Comex gold futures by 4,897 contracts to 123,931. At the same time, short positions rose by 958 contracts to 61,939.

Gold's net length now stands at 67,847 contracts, down 8.6% from the previous week. Gold's net length fell to a fresh three-month low as it has seen four straight weeks of declines. During the survey period, gold prices dropped below $1,850 an ounce.

Ole Hansen, head of commodity strategy at Saxo Bank, noted that bullish positioning has dropped more than 58% from its March peak.

"Gold remains technically challenged with a break above its 200-day moving average at $1838 needed for that to change," he said in a note.

Gold faces new competition as real yields turn positive - USBWM

The silver market continues to suffer from significantly bearish positioning.

The disaggregated report showed that money-managed speculative gross long positions in Comex silver futures fell by 830 contracts to 39,862. At the same time, short positions rose by 12,514 contracts to 38,016.

Silver's net length stands at 1,846 contracts, nearly 88% compared to the previous week. Silver has seen its bullish positioning drop 95% in the last month.

Silver prices saw continuous selling pressure through the survey period as prices dropped below $21.50 an ounce.

Analysts have said that silver continues to underperform gold as it gets hit as a monetary metal and an industrial metal.

Copper has seen a significant rise in bearish positioning due to concerns about a slowing global economy.

"While talk of Chinese stimulus kept the market somewhat supported, it was ultimately not enough to offset the growing demand woes in the Middle Kingdom. Indeed, lockdowns act as a major constraint on potential stimulus," said commodity analysts at TD Securities.

Copper's disaggregated report showed money-managed speculative gross long positions in Comex high-grade copper futures fell by 8,439 contracts to 45,247. At the same time, short positions rose by 434 contracts to 64,194.

The copper market turned net negative for the first time in two years the previous week and its net short positioning has nearly doubled since then. During the survey period, the copper price dropped below $4.20 a pound.

By Neils ChristensenFor Kitco News

nchristensen@kitco.com
www.kitco.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

To: TobagoJack who wrote (187796)	5/20/2022 10:55:37 AM
From: ggersh	2 Recommendations Recommended By alanrs SirWalterRalegh Respond to of 217906

only in america is it called an evacuation, to the rest of the world it's called surrendering

To: TobagoJack who wrote (187796)	5/21/2022 9:31:31 AM
From: Pogeu Mahone	1 Recommendation Recommended By marcher Read Replies (2) \| Respond to of 217906

To America’s Virtue Signaling Elite, Ukraine Is The New ‘Black Lives Matter’ BY: SHAWN FLEETWOOD MARCH 25, 2022 5 MIN READ IMAGE CREDIT SCREENSHOT/BILL PASCRELL, JR./TWITTER For America’s ruling class, the conflict in Ukraine doesn’t represent a tragedy, but an opportunity for self-aggrandizement. SHAWN FLEETWOOD Since Russia’s invasion of Ukraine began several weeks ago, America’s ruling elites have wasted no time in letting you know how much they so deeply care about the conflict. Embark on a journey to your favorite social media network or news outlet, and you’ll find some of the country’s biggest corporations, media figures, and celebrities wrapping themselves in the blue and gold of Ukraine’s flag. While companies like Google and Skype employ their ubiquitous presence to encourage users to support relief efforts in Ukraine, American politicians have taken virtue signaling to a whole new level. Skype is allowing its users to make free calls to Ukraine As a callback to the viral clip of Ukrainian soldiers telling a Russian warship to “go f-ck yourself,” for instance, Nebraska Sen. Ben Sasse has not only etched the infamous statement in his Twitter bio, but has written it in Russian. Since the outset of the invasion, the Republican senator’s personal Twitter feed has been filled with tweets and retweets pertaining to the conflict, including a reposting of a tweet falsely claiming that the Ukrainians who told off the Russian warship “held their ground” and “were killed.” Screenshot of a Google ad encouraging users to support Ukraine relief efforts Democrats have also been just as unbearable in flaunting their self-righteousness on the issue, with House Speaker Nancy Pelosi reading a poem written by U2 frontman Bono on St. Patrick’s Day last week that pays tribute to Ukraine and the country’s president, Volodymyr Zelensky. “Oh St. Patrick, he drove out the snakes with his prayers, but that’s not all it takes. With the smoke symbolizes an evil that arises and hides in your heart as it breaks,” Pelosi said. “And the evil risen from the darkness that lives in some men, but in sorrow and fear, that’s when saints can appear. You drive out those old snakes once again, and they struggle for us to be free from the psycho in this human family. Ireland’s sorrow and pain is now the Ukraine and St. Patrick’s name is now Zelensky.” The bizarre moment quickly prompted comical reactions from major conservative figures, including a tweet from Federalist publisher Ben Domenech that questioned whether the performance was “a prank.” “Did someone pretend to be Bono and sent her this?” Domenech asked. While not uncommon for America’s elite to attach themselves to the latest cause that pops up on their Twitter feed, the overwhelming and collective rush to voice support for Ukraine is unlike anything the country has witnessed since the death of George Floyd in May 2020. Within days of Floyd’s death, Black Lives Matter (BLM) became a universally recognized group and phrase, with nearly every major well-known business and public figure announcing their commitment to the Marxist group’s mission. Companies like Nike were quick to pledge their financial support to BLM’s cause, which included $40 million directed towards “organizations that put social justice, education and addressing racial inequality in America at the center of their work.” Major entertainment platforms also joined in on the frenzy, with Netflix tweeting that “To be silent is to be complicit. Black lives matter” and Hulu proclaiming they “support Black lives.” “Today, and every day. You are seen. You are heard. And we are with you,” Hulu’s official Twitter account tweeted. Then-California Sen. Kamala Harris decided to take her support for the BLM movement a step further, saying that “All Black Lives Matter—that includes Black trans women.” Ukraine Has Become Black Lives Matter 2.0While it’s one thing to genuinely care about the plights of Ukrainians suffering from a Russian military onslaught, it’s another to utilize the ongoing invasion to project one’s own moral superiority. Americans need to realize that for elitists like Utah Sen. Mitt Romney, who previously marched with Black Lives Matter and now seemingly worried more about Ukraine’s borders than America’s, the conflict in Ukraine doesn’t represent a tragedy, but an opportunity for self-aggrandizement. Much like publicly backing Black Lives Matter, repeatedly pronouncing support for Ukraine has become the latest form of virtue signaling that permits America’s ruling class to place themselves on a moral pedestal and demonstrate to the country how “tolerant” and “accepting” they are, without doing anything actually useful to their neighbors. Whether it’s posting a black square on their Instagram or slapping a Ukrainian flag emoji in their Twitter bio, the goal is always the same: to elevate their own social status. Moreover, as part of their attempt to exemplify how truly committed they are to the cause, these same individuals will vilify anyone who dares question their narrative. Oppose Black Lives Matter? You’re a racist. Prioritize your own country’s needs above Ukraine’s? You’re a puppet of Putin. Whatever the subject, the tactics never change. And just as America’s elites ignored the increase in black Americans killed in homicides after the BLM riots and defunding of police in major American cities, expect them to ignore the suffering endured by millions of Ukrainians after the fighting in their country has ceased. While those displaced by the war are left to pick up the remains of their fractured lives, America’s elites will move on with theirs, all the while patting themselves on the back for either doing nothing or making the situation worse. Shawn Fleetwood is an intern at The Federalist and a graduate of the University of Mary Washington. He also serves as a state content writer for Convention of States Action and his work has been featured in numerous outlets, including RealClearPolitics, RealClearHealth, and Conservative Review. Follow him on Twitter @ShawnFleetwood AMERICA'S ELITES BEN SASSE BLACK LIVES MATTER ELITES GOOGLE MITT ROMNEY MORAL SUPERIORITY MORALITY NANCY PELOSI RUSSIA UKRAINE UKRAINE WAR VIRTUE SIGNALING