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Why silver outpaced gold in the second quarter, and what’s next for the white metal

admin by admin
July 1, 2024
in Business
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Why silver outpaced gold in the second quarter, and what’s next for the white metal
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Silver marked an impressive gain for the first half of the year, outpacing the rise for gold, copper and other major financial assets just over a month after prices for the metal touched their highest level on record.



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kobeissiletter The Kobeissi Letter @kobeissiletter ·
19h

The Fed's worst nightmare is officially here:

Today's data confirms ALL 3 inflation metrics are back on the rise.

For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the SAME time.

Did the Fed spark a new wave of inflation?

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kobeissiletter The Kobeissi Letter @kobeissiletter ·
18h

BREAKING: Canada is considering retaliatory tariffs on items from the US after Donald Trump announced he would impose a 25% tariff.

Trump said the tariffs on Canada and Mexico will be due to open borders, drugs, and illegal aliens.

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kobeissiletter The Kobeissi Letter @kobeissiletter ·
19h

The Fed's worst nightmare is officially here:

Today's data confirms ALL 3 inflation metrics are back on the rise.

For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the SAME time.

Did the Fed spark a new wave of inflation?

(a thread)

Reply on Twitter 1861858357440651714 Retweet on Twitter 1861858357440651714 699 Like on Twitter 1861858357440651714 3370 Twitter 1861858357440651714
kobeissiletter The Kobeissi Letter @kobeissiletter ·
20h

BREAKING: Net long positioning in S&P 500 futures by institutional investors is now at ~240,000 contracts, the most on record.

Bullish positions by asset managers, leveraged funds, and other investors have QUADRUPLED in just 18 months.

The number of held contracts is TWICE as…

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