~*~Mining and Metals Du Jour~*~

[JD400]

Day In A Chart


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TRADING IN GRAPH FORM FOR THE DAY

Dovish Draghi Dominates Powell As Dollar Spike
Wreaks Global Havoc

Total chaos in FX, debt, and commodity markets and the S&P 500 ends unchanged?!!



The Dow ended the week red, S&P was manipulated perfectly to unchanged, and Trannies and Nasdaq led the surge…

From The Fed’s rate-hike, Dow and S&P are red…

It’s Quad-Witch so what else did you expect today? Standard 200 point insta-ramp in The Dow (and VIX-crusher algo to an 11 handle!)… all to get the S&P green for the week very briefly (2779) and run some stops…

The big banks ended the week – an FOMC week – red!

Treasury yields were extremely mixed with the short-end higher and long-end well bid…

10Y Yield briefly tagged 3.00% before plunging..

The yield curve collapsed to a new flattest level since Oct 2007…

In FX land, it was chaos:
Dollar Index’s best week since US Election (Nov 2016), highest weekly close since July 2017
EUR lowest weekly close since July 2017
EM FX down 9 of last 11 weeks – lowest weekly close since Nov 2016

EM FX was carnage with Rand, Lira, and Peso getting pounded…

The Argentine Peso was a total disaster…

Despite the SEC-driven bounce, Cryptos had another ugly week – worst since March – with Bitcoin’s lowest weekly close since Oct 2017…

Commodity markets were crazy…

Bloomberg Commodity Index worst week since Feb, lowest close since April
Gold lowest weekly close since Dec 2017
Silver’s worst week since April
Oil’s 4th losing week in a row – lowest weekly close since April
Copper’s worst week since Feb

WTI tumbled back to a $64 handle to close the week and RBOB plunged to 2-month lows…

Gold and Silver were both monkeyhammered on massive volume today…

Gold/Silver soared back to unchanged on the week…
and
The broad commodity complex was crushed this week…

ZH