Since China is still unloading a reported $800b in bonds, I suspect a bullish stance is way too premature.
On The Verge Of An Epic Showdown: Demand For TLT Calls "Explodes" To Record As Treasury Futures Shorts Hit All Time High
BY TYLER DURDEN - SUNDAY, OCT 29, 2023 - 10:00 PM
I know this was from April but… OUTSTANDING!!!
Record demand pushes silver into new era of deficits, Silver Institute says https://www.reuters.com/markets/commodities/record-demand-pushes-silver-into-new-era-deficits-silver-institute-says-2023-04-19 $TLT
Watch that money market break the $ again before July 26th!
When to buy TLT vs SPX ?
Ugh. Immediately wish I would have went heavier on Puts lol
Thanks for the message, I don’t have PM. I’m tempted to wade in here shortly as well. It’s so insanely news driven recently it does make the trade riskier than back at $148. I think going further dated puts like you did is for sure the way to do it.
May regret it but scaling into Nov15 $138P
Thanks, I'll try to compare the chart a bit to see if they mirror each other today or if it can be random as well because gold also influences it so it can't be fully moving in tandem.
I’m honestly not one to give opinion on metals because I don’t play them.
I would assume, like Bonds, they are a safety play when equities get “toppy”...
Personally there’s a lot of indecision and consolidation in the market right now trying to decide its next big move.
TLT has unfinished tech business at the 50MA, which it didn’t close above, we need to see how it trades tomorrow on Fed direction. But maybe miners had some similar technical moves left in the chart if they lagged metals....
Just a quick question, I noticed that gold didn't really make much of a move north yesterday (Tuesday), however, the miners($GDX), had a pretty strong day even though gold was flat. So I'm just wondering, what is the correlation with TLT and GDX and I guess also silver if it has any, and why they appear to move together? Seems on a day like today when miners should have been flat, they hitched a ride on TLT's tail.
$TLT $Silver is on fire today!
Bought a few Sept13 $141c for a pop, keeping puts in place tho
Weekly Psar is about to flip bearish. It’s gonna get ugly.
Thanks bud. Once this bottom BB support fails, should see $138 range pretty quickly.
Go pull US10Y Weekly chart set up... you’ll see why there’s conviction.
Agreed. I sold my $146 9/20 puts for +80% yesterday. Trying to decide on re-entry but I definitely feel like I need to be back in by next week. Chart and hawkish fed working our favor the rest of the month I’m thinking. $Gold and TLT mostly been moving in tandem. Today is an interesting discrepancy.