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Monday Market Open
Good afternoon chaps,
I hope you had an absolute cracker of a weekend, and that you’re ready for the week ahead.
Let’s go get that fucking bread.
Market Indices & Commodities
| Gold | $2,610.53 | -4.03% |
| Copper | $4.05 | -0.48% |
| Silver | $30.11 | -4.21% |
| NASDAQ | $19,054.84 | +0.27% |
| S&P 500 | $5,987.37 | +0.30% |
| TSX | $25,410.35 | -0.13% |
| CSE Comp | $138.56 | +0.38% |
News
The Recap
Some of the biggest stories from last week:
Israel and Hezbollah nearing a ceasefire ✌️
Putin warns US and UK after new missile hits Russia 🔫
Commodity prices slide ⛏️
Trump pledges 25% tariff on Canada and Mexico 💸
Graph of the Day
Most Valuable Restaurants
News
This week
Another shite week of earnings. Tuesday is big day for earnings, but all the other days are uneventful as fuck.
Monday - Zoom ($ZM) earnings.
Tuesday - Abercrombie & Fitch ($ANF), Kohl’s ($KSS), Best Buy ($BBY), Dell ($DELL) and HP ($HPQ).
Wednesday - Fuck all…
Thursday - Fuck all…
Friday - Japanese CPI and unemployment rates. Canadian GDP too.
Now You Know
Why Are Commodities Down?
1. Higher Interest Rates
Central banks, especially the U.S. Federal Reserve, have maintained elevated interest rates to combat inflation. This reduces the appeal of precious metals, which do not yield interest, compared to fixed-income assets like bonds.
2. Strengthening U.S. Dollar
Precious metals are typically priced in U.S. dollars. A stronger dollar makes gold and silver more expensive for buyers using other currencies, reducing global demand.
3. Improved Economic Conditions
Softer inflation and stabilizing global supply chains have reduced the need for "safe-haven" assets like gold. Investors are reallocating to riskier assets, further dampening demand for precious metals.
4. Geopolitical Stability
While geopolitical tensions can spur demand for gold, recent periods of relative calm (despite some risks in the Middle East) have not led to significant safe-haven buying.
5. Reduced Industrial Demand
For silver and platinum, which have industrial applications, slower growth in industrial production (especially in China) has also weighed on prices.
Recent Trends
Despite the general downtrend, gold saw periodic spikes driven by short-term volatility, such as concerns over geopolitical risks. Silver and platinum have experienced more consistent declines due to weaker industrial demand and high inventories.
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Thank You
That’s all Folks
Hey, thank you for checking out Monday Market Open. I hope you enjoyed it, learned something new, and are feeling ready to attack the week. Keep an eye on your inbox for more Alpha coming your way this week.
Cheers,