#  @Ole_S_Hansen Ole S Hansen Ole S Hansen posts on X about forex, stocks, futures, silver the most. They currently have [------] followers and [----] posts still getting attention that total [------] engagements in the last [--] hours. ### Engagements: [------] [#](/creator/twitter::334571039/interactions)  - [--] Week [-------] -64% - [--] Month [---------] +88% - [--] Months [---------] -92% - [--] Year [----------] +1,204% ### Mentions: [--] [#](/creator/twitter::334571039/posts_active)  - [--] Week [--] -44% - [--] Month [---] +33% - [--] Months [---] +100% - [--] Year [---] -0.14% ### Followers: [------] [#](/creator/twitter::334571039/followers)  - [--] Week [------] +0.34% - [--] Month [------] +5.60% - [--] Months [------] +14% - [--] Year [------] +18% ### CreatorRank: [-------] [#](/creator/twitter::334571039/influencer_rank)  ### Social Influence **Social category influence** [finance](/list/finance) [currencies](/list/currencies) #3593 [countries](/list/countries) [travel destinations](/list/travel-destinations) [stocks](/list/stocks) [technology brands](/list/technology-brands) [cryptocurrencies](/list/cryptocurrencies) [us election](/list/us-election) [automotive brands](/list/automotive-brands) [exchanges](/list/exchanges) **Social topic influence** [forex](/topic/forex), [stocks](/topic/stocks) #3232, [futures](/topic/futures), [silver](/topic/silver) #2853, [gold](/topic/gold) #4492, [china](/topic/china), [fomc](/topic/fomc), [inflation](/topic/inflation), [commodities](/topic/commodities) #49, [bloomberg](/topic/bloomberg) **Top accounts mentioned or mentioned by** [@saxobank](/creator/undefined) [@business](/creator/undefined) [@johnjhardy](/creator/undefined) [@petergarnry](/creator/undefined) [@unfao](/creator/undefined) [@ft](/creator/undefined) [@markets](/creator/undefined) [@iea](/creator/undefined) [@rlinaaaaaaaa](/creator/undefined) [@oleshansen](/creator/undefined) [@dasvee](/creator/undefined) [@cmegroup](/creator/undefined) [@chananacharu](/creator/undefined) [@globalprotrader](/creator/undefined) [@chigrl](/creator/undefined) [@wsj](/creator/undefined) [@andreassteno](/creator/undefined) [@chriskruse](/creator/undefined) [@neils_c](/creator/undefined) [@aeberman12](/creator/undefined) **Top assets mentioned** [Rally (RLY)](/topic/rally) [April (APRIL)](/topic/april) [NVIDIA Corp. (NVDA)](/topic/$nvda) [SPX6900 (SPX)](/topic/$spx) [Bitcoin (BTC)](/topic/bitcoin) [Gains (GAINS)](/topic/gains) [Tesla, Inc. (TSLA)](/topic/$tsla) [TradersCoin (TRDC)](/topic/traders) ### Top Social Posts Top posts by engagements in the last [--] hours "Nine Central Bank meetings in the next two weeks will likely deliver rate cuts from the FOMC ECB BOC and SNB" [X Link](https://x.com/Ole_S_Hansen/status/1866037502588371084) 2024-12-09T08:29Z 78K followers, 14.2K engagements "A major #gold driver: Chinas four-year property slump showed no sign of easing with home prices falling more sharply in September despite fresh stimulus efforts by major cities to stabilise the market. The prolonged real estate weakness continues to sap confidence and is one of the key factors underpinning golds remarkable rally as investors look for alternative stores of value amid persistent economic uncertainty" [X Link](https://x.com/Ole_S_Hansen/status/1980143130553786663) 2025-10-20T05:24Z 77.7K followers, 18.5K engagements "Non-commercial IMM positions versus the dollar with data up until [--] October hence the small flatline on each charts while we wait for the CFTC to catch up probably not until late January. #forex #fx #USD" [X Link](https://x.com/Ole_S_Hansen/status/1995077544035660038) 2025-11-30T10:28Z 77.2K followers, [----] engagements "Crude oils uneasy path toward [----] and the opportunities it presents via @saxobank #oott #crudeoil https://social.saxo/biieh6i https://social.saxo/biieh6i" [X Link](https://x.com/Ole_S_Hansen/status/1998373505361195486) 2025-12-09T12:45Z 77.8K followers, 15.2K engagements "An explosive start to the year has lifted the Bloomberg Commodity Total Return Index by 5% taking it to just below its [----] record on a weekly closing basis set when energy and grain prices briefly spiked following Russias invasion of Ukraine. Strength in early [----] has been broad-based across energy excluding natural gas and especially across metals where fresh record highs are being printed in gold silver and copper. https://twitter.com/i/web/status/2011332359551864981 https://twitter.com/i/web/status/2011332359551864981" [X Link](https://x.com/Ole_S_Hansen/status/2011332359551864981) 2026-01-14T06:59Z 77.2K followers, [----] engagements "COT on #crudeoil: The 7% Iran-focused price spike in the week to [--] January triggered a notable bout of short covering alongside fresh buying from money managers across the three major futures contracts. As a result the combined net long position almost doubled rising by 106k contracts to 217k the highest level in four months. Brent the global benchmark accounted for the bulk of the buying with its net long jumping by 85.5k contracts to 208.5k. https://twitter.com/i/web/status/2012530092975464482 https://twitter.com/i/web/status/2012530092975464482" [X Link](https://x.com/Ole_S_Hansen/status/2012530092975464482) 2026-01-17T14:18Z 77K followers, [----] engagements "While bonds equities and the dollar struggle #commodities are posting strong and broad gains this month with the Bloomberg Commodity TR Index up 5.3%. As last year performance is being driven primarily by precious metals and industrial metals. The energy sector has yet to contribute meaningfully but is likely to do so later in the year while agriculture markets still carry the potential for weather-related surprises. https://twitter.com/i/web/status/2013516276472095198 https://twitter.com/i/web/status/2013516276472095198" [X Link](https://x.com/Ole_S_Hansen/status/2013516276472095198) 2026-01-20T07:37Z 77.2K followers, [----] engagements "For a fifth day the gold-silver ratio continues to find support near [--] potentially signalling a rotation back to gold as silver's record-run challenges industrial demand which after all accounts for close to 60% of overall demand in a normal year. #XAU #XAG #XAUXAG" [X Link](https://x.com/Ole_S_Hansen/status/2013623350010990937) 2026-01-20T14:43Z 77.7K followers, 13.3K engagements "#Commodities #Gold and #platinum hit fresh record highs with gold reaching USD [----] and platinum USD [----] while #silver holds near its own record peak albeit with some signs of rotation from silver back into gold. The move is being supported by unease over Trumps tariff threats and a recent meltdown in Japanese government bonds. In addition central-bank demand a key anchor for gold since [----] remains firm with the Bank of Poland approving plans to purchase [---] tonnes. Industrial metals also benefited from the surge in gold as traders and investors continue to seek hard assets as a hedge" [X Link](https://x.com/Ole_S_Hansen/status/2013863361692254471) 2026-01-21T06:36Z 77.9K followers, [----] engagements "#Commodities #Golds safe-haven credentials were only briefly challenged after Trump together with NATO announced a framework deal on Greenland marginally lowering the geopolitical temperature. However Trumps speech in Davos left little doubt that the global landscape has changed continuing to support demand for hard assets. Gold has so far retraced just USD [--] of a nearly USD [---] rally since Friday while Goldman Sachs raised its year-end forecast to USD [----]. #Silver has seen a slightly deeper pullback but losses have been capped by ongoing reports of strong retail demand in Turkey India and" [X Link](https://x.com/Ole_S_Hansen/status/2014230966315729163) 2026-01-22T06:57Z 78.1K followers, 15.1K engagements "Central and eastern parts of the U.S. remain locked in a deep freeze while production in the southern states is increasingly at risk of freeze-offs where water solidifies inside pipelines and disrupts flows. The result is a supply squeeze hitting just as heating demand peaks helping to explain the unprecedented 70% price surge this week which has lifted the front-month #NG_f contract to its highest level since [----]. https://twitter.com/i/web/status/2014244221515968879 https://twitter.com/i/web/status/2014244221515968879" [X Link](https://x.com/Ole_S_Hansen/status/2014244221515968879) 2026-01-22T07:50Z 78.1K followers, [----] engagements "It looks the BoJ has entered the market doing some #JPY intervention" [X Link](https://x.com/Ole_S_Hansen/status/2014605518040391851) 2026-01-23T07:45Z 78.2K followers, 24.2K engagements "COT on #Forex covering the week to [--] January: The aggregate #USD position versus eight IMM futures ended the reporting week essentially flat after speculators responded to the USD-EU standoff over Greenland by selling 21k euro contracts equivalent to USD [---] billion. Later in the week Trumps TACO saw the euro recover strongly before the attention turned to Fridays sharp move in the yen. The yen strengthened markedly after both the Bank of Japan and later in the day the Federal Reserve contacted bank trading desks requesting prices a development that in the past has been viewed as a potential" [X Link](https://x.com/Ole_S_Hansen/status/2015395342649589983) 2026-01-25T12:04Z 78.1K followers, [----] engagements "Chinese demand remains a major driver. How they will behave ahead of their long Lunar New Year holiday next month will be key to watch " [X Link](https://x.com/Ole_S_Hansen/status/2015690942640959816) 2026-01-26T07:39Z 77K followers, 10.9K engagements "#Platinum continues to trade historically cheap relative to #silver and while the #goldplatinum ratio has fallen to around [----] from above [--] last year it remains well above its long-term average. This relative undervaluation helps explain platinums continued support as demand for hard assets with tight supply persists. Chart from Bloomberg https://twitter.com/i/web/status/2015766003334918413 https://twitter.com/i/web/status/2015766003334918413" [X Link](https://x.com/Ole_S_Hansen/status/2015766003334918413) 2026-01-26T12:37Z 77.8K followers, 14.1K engagements "#Silver positioning on COMEX: As highlighted in recent updates the greatest short-covering risk in COMEX silver futures has not come from banks which typically hold offsetting long positions against their shorts but from producers. Surging prices and volatility have forced producers to reduce hedge positions amid increasingly punitive margin calls. In week to [--] January the breakdown was as follows: Producer/Merchants: +5762 to [------] contracts Swap Dealers: +2716 to [------] Managed Money and Other Reportables: [-----] to +24615" [X Link](https://x.com/Ole_S_Hansen/status/2015782393337053533) 2026-01-26T13:42Z 77.3K followers, 27.7K engagements "#Commodities - European morning update Gold and silver rebounded strongly after a late bout of selling on Monday saw silver tumble by more than USD [--] after hitting a fresh record high near USD [---] earlier in the session. Gold meanwhile found solid support at USD [----] before bouncing back toward USD [----]. With silver now trading at its strongest level relative to gold since [----] volatility has surged to levels that are increasingly untradeable for both bulls and bears highlighting rally fatigue while raising the risk of a correction. Attention is turning toward Chinese speculative positioning" [X Link](https://x.com/Ole_S_Hansen/status/2016036564464189812) 2026-01-27T06:32Z 77K followers, 13.3K engagements "More of these stories keep emerging. The best cure for a high price is a high price: it eventually curbs industrial demand (around 60% of total consumption) while encouraging additional supplynot from mining but from the release of stored silver and increased scrap flows. Sold all my paper silver and went to sell some physical for the first time. Could go higher but honestly have only ever used this stuff as a make shift hammer. Dealer offered $90 and noted lots of people selling. Good luck. 🫡 https://t.co/2wELyg1fnQ Sold all my paper silver and went to sell some physical for the first time." [X Link](https://x.com/Ole_S_Hansen/status/2016055119167517115) 2026-01-27T07:46Z 77.8K followers, 26.6K engagements "AI EV and most certainly AC the three key drivers of rising power demand in the coming years Everyone in energy talks about AI. But two other letters perhaps more mundane will be as important: AC. For the next [--] years ten air conditioning units will be sold **every single second**. (From ADNOC CEO Sultan Al Jaber speech at #IndiaEnergyWeek) https://t.co/rkpaCKZ16J Everyone in energy talks about AI. But two other letters perhaps more mundane will be as important: AC. For the next [--] years ten air conditioning units will be sold **every single second**. (From ADNOC CEO Sultan Al Jaber speech" [X Link](https://x.com/Ole_S_Hansen/status/2016065529966969048) 2026-01-27T08:27Z 77.2K followers, [----] engagements "Just finishing a #gold and #silver update that will be published tomorrow. My conclusion: While silver may remain too attractive for some investors to ignore in the near term particularly those with a tactical or momentum-driven approach the risk-reward profile has deteriorated materially. Volatility rather than direction has become the defining feature of the market. For investors seeking strategic exposure to hard assets we continue to see gold as the more robust choice. While near-term consolidation risks are rising after the rapid move to USD [----] underlying central-bank demand persistent" [X Link](https://x.com/Ole_S_Hansen/status/2016175092552659421) 2026-01-27T15:42Z 77.9K followers, 41.5K engagements "Kiss of death" [X Link](https://x.com/Ole_S_Hansen/status/2016252838838497284) 2026-01-27T20:51Z 78.1K followers, 30K engagements "Precious metals having another great day as BlackRocks Rick Rieder who fancies big rate cuts moves closer to the Fed 🪑 while Trump talks down the dollar. Both supporting the debasement trade" [X Link](https://x.com/Ole_S_Hansen/status/2016264279628939354) 2026-01-27T21:37Z 77.2K followers, [----] engagements "Golds orderly rally meets silvers chaos as the dollar comes under pressure #XAU #XAG #USD https://open.substack.com/pub/oleshansen/p/golds-orderly-rally-meets-silversr=zuj1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true https://open.substack.com/pub/oleshansen/p/golds-orderly-rally-meets-silversr=zuj1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true" [X Link](https://x.com/Ole_S_Hansen/status/2016471515299021146) 2026-01-28T11:20Z 77.3K followers, [----] engagements "@Jimmy____D True the tug of war between active traders both buyers and sellers and both getting wrong footed regularly adds to the current volatility. Besides this battle there is still a great deal of FOMO flow" [X Link](https://x.com/Ole_S_Hansen/status/2016842740110119398) 2026-01-29T11:55Z 77.9K followers, [----] engagements "Gold trades down 8% from yesterday's top with support at $ [----] and $4935 Silver has dropped 12.5% with support at $102 and $96 The continued surge across metals especially #gold and #silver is entering a dangerous phase in my opinion. In my many years following markets I have seen this dynamic play out several times across commoditiesand occasionally in other asset classes as well. The problem is The continued surge across metals especially #gold and #silver is entering a dangerous phase in my opinion. In my many years following markets I have seen this dynamic play out several times across" [X Link](https://x.com/Ole_S_Hansen/status/2017153495401370052) 2026-01-30T08:30Z 78.2K followers, 28.6K engagements "🤯🤯🤯 When silver rallies its the good guys buying physical entirely backed by fundamentals while ignoring the possible risk industrial demand destruction. When silver tanks its the bad guys trying to manipulate prices through the "paper" market. Thank God its Friday" [X Link](https://x.com/Ole_S_Hansen/status/2017179312105869744) 2026-01-30T10:13Z 78.1K followers, [----] engagements "or perhaps the demise of cryptos has driven some of the crypto crowd into metals. No matter what not healthy when markets get highjacked by momentum chasing traders who have no idea about or interest in underlying fundamentals. A healthy correction within a continued uptrend is my take. https://twitter.com/i/web/status/2017181288604541285 https://twitter.com/i/web/status/2017181288604541285" [X Link](https://x.com/Ole_S_Hansen/status/2017181288604541285) 2026-01-30T10:21Z 78K followers, [---] engagements "fully agree on copper. The only problem with commodities relative to equities is the spot nature of these. An expected shortfall next year or later should not impact the price until it is realised. Silver is different story as higher prices will raise demand concerns while adding supply from scrap. https://twitter.com/i/web/status/2017184116211396830 https://twitter.com/i/web/status/2017184116211396830" [X Link](https://x.com/Ole_S_Hansen/status/2017184116211396830) 2026-01-30T10:32Z 78K followers, [---] engagements "🤯🤯🤯 When silver rallies its the good guys buying physical entirely backed by fundamentals while ignoring the possible risk of industrial demand destruction and increased scrap supply. When silver tanks its the bad guys trying to manipulate prices through the "paper" market. Thank God its Friday" [X Link](https://x.com/Ole_S_Hansen/status/2017187762672152947) 2026-01-30T10:46Z 77.2K followers, 19.1K engagements "#Commodities weekly: Metals pull back after a volatile record-setting month for commodities https://open.substack.com/pub/oleshansen/p/commodities-weekly-metals-pull-backr=zuj1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true https://open.substack.com/pub/oleshansen/p/commodities-weekly-metals-pull-backr=zuj1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true" [X Link](https://x.com/Ole_S_Hansen/status/2017209823482311104) 2026-01-30T12:14Z 78.2K followers, [----] engagements "The XAUXAG ratio has seen a major turnaround today from below [--] to above [--] potentially signalling a low after the ratio moved well below its 35-year average near 70" [X Link](https://x.com/Ole_S_Hansen/status/2017281906283368790) 2026-01-30T17:01Z 77.9K followers, [----] engagements "@dasvee This is not scrap. That will only hit the market in the coming months due to bottlenecks. Todays drop is merely a reaction to an unsustainable rally and a lot of trigger happy fresh longs getting out" [X Link](https://x.com/Ole_S_Hansen/status/2017306442022244614) 2026-01-30T18:38Z 78.2K followers, [----] engagements "@goldiloxq @JanGold_ None at all. It will hit the market over the coming months. An overextend rally based on conspiracy and hype" [X Link](https://x.com/Ole_S_Hansen/status/2017332134864728525) 2026-01-30T20:20Z 78.1K followers, [---] engagements "@dasvee It will eventually considering how silver buyers around the world have been inundated with people wanting to sell. A major price move always trigger a reaction which tends to be forgotten. A supply deficit today can turn into a surplus tomorrow. Nothing is static" [X Link](https://x.com/Ole_S_Hansen/status/2017348285715878272) 2026-01-30T21:24Z 78.1K followers, [---] engagements "Following five weeks of solid $USD buying speculators made a U-turn during the week Oct. [--]. The long against ten IMM #forex futures was cut by 28% to $15.2 billion a six-week low" [X Link](https://x.com/Ole_S_Hansen/status/1188424023782449158) 2019-10-27T11:55Z 78.6K followers, [--] engagements "Biggest ever one-week drop in cost of shipping a container from Shanghai to New York. Since hitting a July peak below $6000 pr 40ft box the Drewy global #container #shipping index has seen a sharp reversal slumping 13% this past week alone to $4168 slowing the YTD advance to 36% while the YOY remains elevated at 167%. The latest weakness driven by steep declines on the Shanghai to Rotterdam (-17%) and NY (-21%) routes the latter being the largest one-week drop on record" [X Link](https://x.com/anyuser/status/1834178843805905159) 2024-09-12T10:34Z 79K followers, 1.3M engagements "#Silver finally succumbed to a long-overdue correction on Friday though the 6% drop merely erased two days of gains with XAG still holding above USD [--]. The move lifted the XAUXAG ratio to near [--] up from a low of [--] earlier in the week. Market focus now turns to the upcoming Section [---] announcement which could either ease or further intensify the squeeze in London. After a 40% surge since the late-August breakout initial Fibonacci support is found around USD [----]. Worth noting silver is roughly nine times less liquid than gold meaning wherever gold goes silver goes only faster" [X Link](https://x.com/anyuser/status/1979845769348956257) 2025-10-19T09:43Z 79K followers, 47K engagements "LME #copper trades at a record high above $11100/t supported by the powerful combination of a U.S.China deal boosting growth expectations and ongoing supply disruptions at major mines. Prices remain underpinned by signs of emerging physical tightness and a robust demand outlook driven by surging power needs and coppers critical role as the primary conductor for AI data centers cooling and the global energy transition" [X Link](https://x.com/Ole_S_Hansen/status/1983448274972422525) 2025-10-29T08:18Z 78.8K followers, [----] engagements "What kind of drop is needed before this starts to look messy. The six major #Bitcoin ETFs have a combined market cap of $122bn. Watch the Nasdaq and how XBT behaves around USD [-----] SERIOUSLY WHO KEEPS ON SELLING #BITCOIN https://t.co/EVm96oxi2m SERIOUSLY WHO KEEPS ON SELLING #BITCOIN https://t.co/EVm96oxi2m" [X Link](https://x.com/Ole_S_Hansen/status/1989292300066017568) 2025-11-14T11:20Z 78.8K followers, [----] engagements "Ive activated my Substack account which at some point may become my main delivery point for comments notes and posts. I hope to see you there. https://oleshansen.substack.com https://oleshansen.substack.com" [X Link](https://x.com/Ole_S_Hansen/status/2010694165089132726) 2026-01-12T12:43Z 78.7K followers, 29.6K engagements "Is Japans bond shock signalling the end of global liquiditys safety valve If markets have not been watching Japan now is the moment. The relentless surge in long-dated JGB yields signals that one of the worlds most reliable liquidity backstops is fading with consequences that extend well beyond Tokyo. For decades ultra-low Japanese yields have acted as a global liquidity anchor encouraging capital to flow abroad in search of return and underpinning risk appetite across global bonds equities and credit. That anchor is now shifting with Japans bond market seeing a sharp repricing with 30-year" [X Link](https://x.com/Ole_S_Hansen/status/2013512784428908722) 2026-01-20T07:23Z 78.8K followers, 254.2K engagements "#Commodities The Bloomberg Commodity Total Return Index is heading for another record weekly close up 4% and marking its strongest three-week run in almost four years. While precious metals continue to do most of the heavy lifting the energy sector also posted solid gains this week driven primarily by a surge in U.S. natural gas prices amid an incoming and potentially disruptive winter storm. The laggards were concentrated in the softs sector led by cocoa (-12%) followed by coffee (-2.1%) and cotton. In #gold and #silver the big round numbers of USD [----] and USD [---] are now within reach after" [X Link](https://x.com/Ole_S_Hansen/status/2014592387088015464) 2026-01-23T06:53Z 78.8K followers, 11K engagements "#Copper: Exchange-monitored stockpiles continue to surge exceeding the [----] peak this week to reach [---] kt with strong inflows across all three major exchanges in London Shanghai and New York. Manufacturers are increasingly baulking at current high prices and the combination of softer demand and rising availability has flipped Londons nearby structure from a USD 120/t backwardation to a USD 82/t contango signalling a shift from tight to looser spot conditions. By exchange LME inventories rose by [----] kt to [-----] kt Shanghai stocks increased by [----] kt to [---] kt while COMEX holdings climbed 15" [X Link](https://x.com/Ole_S_Hansen/status/2014638711628091596) 2026-01-23T09:57Z 78.8K followers, 80K engagements "#Silver's parabolic surge towards USD [---] has not been driven by either ETF investors (in the West) or speculators on COMEX with holdings and positions in both still falling" [X Link](https://x.com/Ole_S_Hansen/status/2015687988454343026) 2026-01-26T07:27Z 78.5K followers, 56.9K engagements "#Silver has traded in a USD [--] range today making conditions increasingly untradeable for both bulls and bears and raising the risk of a corrective move. Some attention is turning to Chinese speculative positioning and the risk of positions being reduced ahead of the Lunar New Year when local markets will remain shut for more than a week. https://twitter.com/i/web/status/2015873769298899391 https://twitter.com/i/web/status/2015873769298899391" [X Link](https://x.com/Ole_S_Hansen/status/2015873769298899391) 2026-01-26T19:45Z 78.7K followers, 87K engagements "From Gemini: A central goal of the "Mar-a-Lago Accord"an economic framework proposed by advisors within the Trump administrationis to deliberately weaken the U.S. dollar. The plan is named in reference to the [----] Plaza Accord where major world powers agreed to devalue the dollar to reduce the U.S. trade deficit. Proponents of the new Mar-a-Lago version including figures like Robert Lighthizer and Stephen Miran (Council of Economic Advisers) argue that an "overvalued" dollar makes American exports too expensive and foreign imports too cheap ultimately hollowing out U.S. manufacturing. Core" [X Link](https://x.com/Ole_S_Hansen/status/2016256141819290043) 2026-01-27T21:04Z 78.7K followers, 22.1K engagements "#Commodities Gold and silver extended their strong rally with the debasement trade back in sharp focus after Trump was seen talking down the dollar which slipped to a four-year low. Adding to the narrative BlackRocks Rick Rieder who favours aggressive rate cuts is now seen as a leading candidate for the next Fed chair. Gold reached USD [----] (up 17.3% YTD) and silver USD [-----] (up 59% YTD) during the Asian session. Extreme volatility in silver especially on Monday has prompted the CME to raise initial margins on silver futures from 9% to 11%. Markets now turn their attention to the dollar" [X Link](https://x.com/Ole_S_Hansen/status/2016402110380659043) 2026-01-28T06:45Z 78.7K followers, 18.3K engagements "The $PSLV ETF which has been mentioned as the safest ETF bets on #silver - as it invest in fully allocated physical silver has struggled in recent session versus $SLV and #XAG" [X Link](https://x.com/Ole_S_Hansen/status/2016426811979190653) 2026-01-28T08:23Z 78.8K followers, [----] engagements "PSLV is often viewed as a "buy and hold" vehicle for long-term physical enthusiasts. In a fast-moving volatile market traders often ditch "slower" trusts for high-liquidity ETFs leading to temporary selling pressure that blows out the discount" [X Link](https://x.com/Ole_S_Hansen/status/2016426960528749051) 2026-01-28T08:23Z 78.8K followers, [----] engagements "Bearish #crudeoil calls continue to get squeezed after Brent yesterday broke through previous resistance to reach a four-month high. The move has been supported by dollar weakness and persistent supply-side disruption risks with traders closely monitoring Trumps renewed threats against Iran. Reflecting tightening prompt conditions the front-month Brent time spread between March and April has widened to around USD [--] per barrel the strongest backwardation in six months after a brief period of contango last October. https://twitter.com/i/web/status/2016496352931266955" [X Link](https://x.com/Ole_S_Hansen/status/2016496352931266955) 2026-01-28T12:59Z 78.8K followers, [----] engagements "Meanwhile speculators (Managed money & Other Reportables) in the three major ICE and CME traded WTI and Brent contracts held a combined net long of just 144k contracts in the latest reporting week to [--] January. Up from an October record low at 24k but below the one-year average at 204k. https://twitter.com/i/web/status/2016496356328722933 https://twitter.com/i/web/status/2016496356328722933" [X Link](https://x.com/Ole_S_Hansen/status/2016496356328722933) 2026-01-28T12:59Z 78.8K followers, [----] engagements "#Copper joined the broader metals rally trading near USD [--] per pound in New York despite warnings from Goldman Sachs that the recent surge across industrial metals risks undermining demand particularly in China the worlds largest consumer. The caution is echoed by a widening contango in London and a rise in exchange-monitored inventories to multi-year highs. https://twitter.com/i/web/status/2016496956290261445 https://twitter.com/i/web/status/2016496956290261445" [X Link](https://x.com/Ole_S_Hansen/status/2016496956290261445) 2026-01-28T13:01Z 78.8K followers, 15.8K engagements "#Commodities An explosive rally across major commodities extended into Thursdays Asian session. Copper surged 7% to fresh record highs; gold traded well above USD [----] after first clearing USD [----] on Monday while silver hovered near USD [---]. Crude oil continued to advance at a more measured pace with Brent above USD [--] a four-month high as Trump ramps up threats against Iran. Overall the rush into hard assetsled by precious metals and coppercontinues to dominate headlines. The move is being fuelled by strong momentum tight supply market makers being reluctant to take and hold positions" [X Link](https://x.com/Ole_S_Hansen/status/2016768477453808128) 2026-01-29T07:00Z 78.8K followers, 11.4K engagements "The story that will not go away. Greenland is one thing but Trumps belittling of the sacrifices made by Danish soldiers in support of U.S. security has touched a raw nerve on this side of the Atlantic. The U.S. Embassy in Denmark removed [--] Danish flags honoring Danish soldiers killed in Afghanistan outside the building drawing outrage from the countrys veterans amid heightened tensions between Copenhagen and Washington. https://t.co/u649W4c7O9 The U.S. Embassy in Denmark removed [--] Danish flags honoring Danish soldiers killed in Afghanistan outside the building drawing outrage from the" [X Link](https://x.com/Ole_S_Hansen/status/2016770423027875862) 2026-01-29T07:08Z 78.8K followers, 17.1K engagements "The continued surge across metals especially #gold and #silver is entering a dangerous phase in my opinion. In my many years following markets I have seen this dynamic play out several times across commoditiesand occasionally in other asset classes as well. The problem is volatility feeding on itself. As price swings intensify liquidity thins. Banks and market makers struggle to warehouse risk especially as their lifelinethe basis between physical and futuresbecomes increasingly erratic. When their willingness to quote prices in size fades liquidity deteriorates and volatility blows out. Does" [X Link](https://x.com/Ole_S_Hansen/status/2016825611180720171) 2026-01-29T10:47Z 78.8K followers, 117.3K engagements "What could possibly go wrong In China the UBS SDIC Silver Futures Fund trades at a 42.6% premium over Shanghai Futures Exchange silver contracts. This premium is unsustainable and investors could face significant losses if the market suddenly turns UBS SDIC Fund Management Co. said in its latest notice to investors. Trading was halted briefly on Wednesday morning. Chinas Precious Metals Frenzy Sparks Protest as Risks Grow Worth the read to understand the leverage being employed with the metals. https://t.co/JyWMITZjec Chinas Precious Metals Frenzy Sparks Protest as Risks Grow Worth the read" [X Link](https://x.com/Ole_S_Hansen/status/2016868623218815330) 2026-01-29T13:38Z 78.8K followers, 12.6K engagements "Copper jumps 10% to a fresh record high and while the macro conditions remain in place (rate cuts demand for hard assets new demand themes) most of the micro drivers are not supporting this move. A couple of examples: a) The spot-3s contango on LME trades at an 11-month high b) Exchange-monitored stockpiles has reached a multi-year high c) The Yangshan premium over LME trades at an 18-month low Conclusion: careful about getting sucked into an unsustainable rally. https://twitter.com/i/web/status/2016890910802346456 https://twitter.com/i/web/status/2016890910802346456" [X Link](https://x.com/Ole_S_Hansen/status/2016890910802346456) 2026-01-29T15:07Z 78.5K followers, 39K engagements "A similar albeit unlikely slump in #silver could see it retrace back towards USD 85" [X Link](https://x.com/Ole_S_Hansen/status/2017173306026197469) 2026-01-30T09:49Z 78.3K followers, [----] engagements "Supported in part by golds superior liquidity and a smaller pool of speculative froth being forced out the XAUXAG ratio staged a sharp rebound today jumping from below [--] to above [--]. The move potentially signals a near-term low after the ratio fell well below its 35-year average around [--]. https://twitter.com/i/web/status/2017282796947943898 https://twitter.com/i/web/status/2017282796947943898" [X Link](https://x.com/Ole_S_Hansen/status/2017282796947943898) 2026-01-30T17:04Z 78.4K followers, 15.9K engagements "COT on #Silver: Hedge Funds rattled by worsening trading conditions and surging volatility cut their net long by one-third in the week to last Tuesday" [X Link](https://x.com/Ole_S_Hansen/status/2017336969294971044) 2026-01-30T20:39Z 78.4K followers, [----] engagements "In the week to last Tuesday ahead of #Silver's slump the bulk of the open interest in the COMEX futures contract was split the following way: Buy-side speculators (Managed money and Other Reportables): [----] contracts to +24000 a 2-year low Producer/Merchant/Processor: [-----] contracts to [------] Swap Dealers (banks): +3148 to [------] a 1-year high https://twitter.com/i/web/status/2017562794103550297 https://twitter.com/i/web/status/2017562794103550297" [X Link](https://x.com/Ole_S_Hansen/status/2017562794103550297) 2026-01-31T11:37Z 78.4K followers, 13.3K engagements "The COT report on #FX covering the week to [--] January highlights a significant bout of US dollar selling after the greenback slumped around 2.5% to a four-year low. Across the eight IMM currency futures tracked the combined dollar short position jumped from near flat to USD [--] billion. The move was primarily driven by strong demand for the euro (USD 3.1bn) Canadian dollar (USD 1.9bn) and Australian dollar (USD 1.5bn) with the latter flipping to a net long for the first time in [--] months. https://twitter.com/i/web/status/2017570711477330028 https://twitter.com/i/web/status/2017570711477330028" [X Link](https://x.com/Ole_S_Hansen/status/2017570711477330028) 2026-01-31T12:08Z 78.4K followers, [----] engagements "@variance_swap @profitsplusid Absolutely correct as long the market continues to rally. What do you think they are forced to do when the market suddenly tanks and they hold a very elevated long position You sell whatever liquidity you can find futures or SLV" [X Link](https://x.com/Ole_S_Hansen/status/2018041769494007951) 2026-02-01T19:20Z 78.4K followers, [----] engagements "#Commodities A historic rally across #gold and #silver turned into an equally historic rout on Friday extending into Mondays session as traders continued to unwind what had become an extremely crowded one-sided trade. Silver in particular had for months drawn in investors professionals and retail participants alike before the move turned parabolic and increasingly unhinged. That dynamic ultimately set the stage for a sharp correction as the exit doors proved too narrow to absorb a sudden wave of forced selling. While the initial trigger was the nomination of Kevin Warsh which helped spark a" [X Link](https://x.com/Ole_S_Hansen/status/2018216711749595343) 2026-02-02T06:55Z 78.6K followers, 26.2K engagements "Before anyone uses this chart to say China will come to the rescue given its huge premium over London a friendly reminder that SGE's silver price has been limit down and not traded all day" [X Link](https://x.com/Ole_S_Hansen/status/2018218576532914288) 2026-02-02T07:02Z 78.7K followers, 33.9K engagements "Silver: When a record rally turns into a record rout #XAG #XAU #silver #gold via @saxobank https://social.saxo/z6vskbt https://social.saxo/z6vskbt" [X Link](https://x.com/Ole_S_Hansen/status/2018264209021170143) 2026-02-02T10:04Z 78.5K followers, [----] engagements "#Commodities #Gold and #silver staged a strong rebound during the Asian session following Fridays historic collapse which extended into Monday before prices finally stabilised. In China silver prices fell again narrowing the premium over London to just 9% as bruised local speculators continued to retrench while Chinas only pure-silver fund traded limit-down for a second consecutive day. Gold has now cleared its first retracement hurdle at USD [----] shifting focus toward USD [----] the 50% retracement of the latest slump. For silver the equivalent levels sit higher at USD [-----] and USD 96.52" [X Link](https://x.com/Ole_S_Hansen/status/2018580658461757925) 2026-02-03T07:01Z 78.7K followers, 12.6K engagements "CORRECTION: The mentioned observation is inaccurate as the fund has not traded since [--] January. It was suspended on Friday and since then it has twice been marked down by the daily limit of 10%. At this rate it may take another few days of limit down before it trades again. The SHFE Silver futures hit its daily down limit again today before staging a small comeback. It is currently down 34% from last week's peak in the process narrowing the premium to London to less than 9%. Chinas only pure-play silver fund UBS SDIC Silver Futures Fund with a CNY [----] billion market cap reopened after a" [X Link](https://x.com/Ole_S_Hansen/status/2018582849918554557) 2026-02-03T07:10Z 78.7K followers, 11.4K engagements "The slump in global #container #freight rates continues ahead of the Lunar New Year lull which typically lasts until early March when Chinese factories and exporters are fully back online. This past week the Drewry Composite recorded its steepest decline since September falling 7% to USD [----] per 40-foot container. The sharpest drops were seen on ChinaEU routes partly reflecting a gradual return of shipping traffic to the Red Sea via the Suez Canal which shortens voyage times and lowers transport costs. https://twitter.com/i/web/status/2019383109016293564" [X Link](https://x.com/Ole_S_Hansen/status/2019383109016293564) 2026-02-05T12:10Z 78.8K followers, [----] engagements "US Weekly Jobless Claims at 201k vs exp 225k and continuing claims at 662k vs exp 1692k. Another set of data showing the strong US labour market the result being a fresh move higher in yields with 2's at 5.19% and 10's at 4.48% while the Dec23 to Dec24 SOFR rate cut expectation drops to [--] bps https://twitter.com/i/web/status/1704837151475580954 https://twitter.com/i/web/status/1704837151475580954" [X Link](https://x.com/Ole_S_Hansen/status/1704837151475580954) 2023-09-21T12:37Z 78.9K followers, [----] engagements "The BCOM TR Index tracked among others by the $CMOD ETF trades near a four-month high. It surged 130% between [----] and [----] before retracing around [---] and has now traded sideways for a year. Although not yet confirmed that sideways behaviour show signs of ending #commodities" [X Link](https://x.com/Ole_S_Hansen/status/1775521680799969720) 2024-04-03T13:52Z 78.8K followers, [----] engagements "The Norwegian Krone continues to break higher trading near a nine-month high against euro up 4% in [----] and not far behind the Swedish Krona which has gained 5.75%" [X Link](https://x.com/Ole_S_Hansen/status/1904541959261225228) 2025-03-25T14:32Z 79K followers, [----] engagements "In the "Open Interest" series on Top Traders Unplugged I recently joined my friend Philip and @moritzseibert to take a deep dive into the world of commodities with focus on @CalculoCapital a short-term quantitative hedge fund based in Denmark https://www.toptradersunplugged.com/podcast/navigating-the-commodity-markets-with-calculo-capital-ft-ole-hansen-philip-carlsson/ https://www.toptradersunplugged.com/podcast/navigating-the-commodity-markets-with-calculo-capital-ft-ole-hansen-philip-carlsson/" [X Link](https://x.com/Ole_S_Hansen/status/1915319992351928423) 2025-04-24T08:20Z 79K followers, [----] engagements "$Strategy what strategy if I may ask" [X Link](https://x.com/Ole_S_Hansen/status/1989071133380080032) 2025-11-13T20:41Z 79K followers, 36.5K engagements "The #silver conspiracists are having a field day claiming the @CMEGroup worried about a thin order book shut down its entire platform to prevent a breakout. Needless to say thats complete nonsense. And before the comment area lights up like a Christmas tree do note I have been bullish on silver since [----] and expect prices to climb further in the coming months. On a more serious note it has been a long while since weve seen an outage of this duration. Thankfully it arrived on a relatively quiet trading day with many US participants enjoying a long Thanksgiving break" [X Link](https://x.com/Ole_S_Hansen/status/1994332353338962361) 2025-11-28T09:07Z 79K followers, 96.3K engagements "EURNOK on the move breaking technical support to trade at a three-month low. While the Norges Bank is expected to keep rates unchanged at 4% the NOK has also been supported by the latest runup in gas prices which has seen the TTF contract jump 40% in the past two weeks" [X Link](https://x.com/Ole_S_Hansen/status/2014255375520796935) 2026-01-22T08:34Z 78.8K followers, [----] engagements "Commodities weekly Hard assets hard weather: metals lead gas shocks cocoa cracks. The Bloomberg Commodity Total Return Index is heading for yet another record weekly close up more than 4% and marking its strongest three-week run in almost four years. The index has gained 8.3%% this month and 19.5% over the past year broadly in line with the MSCI All World Index while still comfortably outperforming the major U.S. stock indices. https://open.substack.com/pub/oleshansen/p/commodities-weekly-hard-assets-hardr=zuj1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true" [X Link](https://x.com/Ole_S_Hansen/status/2014692788118364334) 2026-01-23T13:32Z 78.8K followers, [----] engagements "#Silver: In order to better gauge the true spread between spot silver prices on the Shanghai Gold Exchange and London it is necessary to adjust for Chinas 13% VAT which applies to physical delivery. Once this tax component is stripped out the SGE premium peaked yesterday at just over 5% before easing back today towards 1%. The VAT itself is not new the current 13% rate has been in place since [----] but because it is proportional to price it has mechanically inflated the headline Shanghai-over-London spread as silver has surged to much higher price levels." [X Link](https://x.com/Ole_S_Hansen/status/2016113164841111928) 2026-01-27T11:36Z 79K followers, 204.8K engagements "When metals and energy perform in tandem the commodities sector tends to roar. The Bloomberg Commodity Total Return Index has already gained +12% this month and unlike last yearwhen gold and silver did most of the heavy lifting2026 has so far delivered a much broader-based advance with agriculture the notable absentee. https://twitter.com/i/web/status/2016429850395857022 https://twitter.com/i/web/status/2016429850395857022" [X Link](https://x.com/Ole_S_Hansen/status/2016429850395857022) 2026-01-28T08:35Z 78.9K followers, 17.6K engagements "One for the record books. The Bloomberg Commodity Total Return Index is heading for its strongest monthly gain in decades up 15% and eclipsing several double-digit months seen between [----] and [----] when China entered the global stage and accumulated raw materials at a breakneck pace. While precious metals are doing much of the heavy lifting the breadth of the rally across the commodity complex is notable. #commodities https://twitter.com/i/web/status/2016774864992903320 https://twitter.com/i/web/status/2016774864992903320" [X Link](https://x.com/Ole_S_Hansen/status/2016774864992903320) 2026-01-29T07:26Z 78.9K followers, 11.3K engagements "#Copper extending its slump following yesterday's 11% surge a move that was purely short covering and speculative in nature with current fundamentals not supporting a move of this magnitude at this point. Exchange-monitored warehouse stocks show a 14th consecutive weekly rise of [---] kt to 929kt with increases being led by Shanghai (+7 kt) and COMEX (11.4 kt). Copper jumps 10% to a fresh record high and while the macro conditions remain in place (rate cuts demand for hard assets new demand themes) most of the micro drivers are not supporting this move. A couple of examples: a) The spot-3s" [X Link](https://x.com/Ole_S_Hansen/status/2017177652616946093) 2026-01-30T10:06Z 78.9K followers, 28.5K engagements "A classic example of how a price shock can kill demand. #Cocoa has slumped to around USD [----] per ton for the first time since [----] as consumers cut back and chocolate makers reduce cocoa content in some products. Bloomberg reports that cocoa processors in Europe the worlds largest consuming region saw bean grindings in Q4 fall to the lowest level in data going back to [----]. With demand weakening forecasts are now pointing to supply surpluses in the coming years adding further downward pressure on prices and renewed challenges for farmers in West Africa." [X Link](https://x.com/Ole_S_Hansen/status/2017219385266516001) 2026-01-30T12:52Z 79K followers, 20.8K engagements "Short selling by market makers is a direct consequence of hedging the long delta accumulated from a record amount of call options bought by retail investors. As these options were aggressively promoted on social media like X and Reddit with unrealistic profit expectations dealers were forced to sell futures to remain delta-neutral. These short hedges are not directional bets and will be unwound gradually as options decay are closed or expire. https://twitter.com/i/web/status/2018026058159632779 https://twitter.com/i/web/status/2018026058159632779" [X Link](https://x.com/Ole_S_Hansen/status/2018026058159632779) 2026-02-01T18:18Z 79K followers, 28.7K engagements "Chinas only pure-play silver fund UBS SDIC Silver Futures Fund with a CNY [----] billion market cap reopened after a Friday's suspension only to see its premium surge toward 60%despite repeated risk warnings from the company highlighting an unusual disconnect from the underlying silver price. This move is probably less about silver itself and more about what it says regarding investor anxiety. Chinese investors appear increasingly willing to pay almost any price for perceived capital protection amid ongoing concerns around growth property-market fragility low deposit rates and limited" [X Link](https://x.com/Ole_S_Hansen/status/2018333300872400918) 2026-02-02T14:38Z 78.9K followers, 51.3K engagements "#Silver has staged a strong rebound today but it is still too early to conclude whether this move represents more than a classic dead-cat bounce. From a technical perspective as shown in the chart the recovery remains tentative unless prices reclaim USD [-----] and preferably USD [-----]. Until the market plumbing is fixed with volatility easing and liquidity improving erratic trading in both directions is likely to persist. https://twitter.com/i/web/status/2018693327428649440 https://twitter.com/i/web/status/2018693327428649440" [X Link](https://x.com/Ole_S_Hansen/status/2018693327428649440) 2026-02-03T14:29Z 79K followers, 63.8K engagements "#Silver suffered a sharp reversal during the Asian session wiping out two days of gains. Heavy selling emerged in the Chinese futures market and on the CME after failing to break resistance at USD [-----] the 38.2% retracement of the recent slump. Weaker Chinese demand ahead of Lunar New Year combined with reports of a large short position by a Chinese investor further soured sentiment. At the same time the Shanghai spot premium over London slid to a three-week low. Chinas only pure silver fund which closed at a 60% premium to NAV last Thursday remains limit down leaving investors unable to" [X Link](https://x.com/Ole_S_Hansen/status/2019298969046651149) 2026-02-05T06:36Z 79K followers, 53.1K engagements "Before anyone keels over with excitement over this discovery it is worth quietly noting that aggregate daily volume in the SHFE silver contract over the past two months has averaged around [----] million contracts. Todays total turnover of [---] million contracts while elevated - which can be expected considering the wide trading range - has been exceeded on several occasions during that period. But I suppose facts don't matter if they don't fit the narrative This is the most incredible thing I believe ever happened in the history of commodity markets in Asia. ⚠👇 [-------] contracts traded at the" [X Link](https://x.com/Ole_S_Hansen/status/2019386575784727018) 2026-02-05T12:24Z 79K followers, 48.6K engagements "Another CME margin hike makes sense given the ongoing turmoil and extreme price swings. The ATR on #SI_f is currently at a record USD 14.17/oz or 19.3% meaning the latest increase has merely brought margin requirements in line with daily price volatility. Yesterdays slump in cryptocurrencies triggered broader deleveraging with heavy liquidations in tokenised silver products feeding through into selling pressure across COMEX futures ETFs and swaps. CME MARGIN HIKE ALERT ON Gold and Silver A third MARGIN increase within [--] days. Maintenance increases A 11% increase for gold futures A 20%" [X Link](https://x.com/Ole_S_Hansen/status/2019700109051625928) 2026-02-06T09:10Z 78.8K followers, 19.3K engagements "While $SLV turnover has started to normalise interest in call options has continued to build as prices fell further suggesting many traders still view the move as an opportunity. In effect any sharp rebound carries the risk of a repeat as option sellers would be covering their negative gamma though the buying of ETFs or futures. https://twitter.com/i/web/status/2019705935816478847 https://twitter.com/i/web/status/2019705935816478847" [X Link](https://x.com/Ole_S_Hansen/status/2019705935816478847) 2026-02-06T09:33Z 79K followers, 19.7K engagements "#Copper: Ahead of the Lunar New Year demand lull exchange-monitored inventory stocks continue to surge higher up [----] kt to a fresh multi-year high at [---] kt. All three exchanges seeing stockpiles build led by Shanghai (+15.9 kt) LME (+8.3 kt) and Comex (7.9 kt)" [X Link](https://x.com/Ole_S_Hansen/status/2019718031933690273) 2026-02-06T10:21Z 79K followers, 19.4K engagements "Commodities weekly - A violent correction in precious metals combined with equity and crypto weakness triggered broad deleveraging and a shift toward defensive positioning across #commodities https://substack.com/@oleshansen/note/p-187089389utm_source=notes-share-action&r=zuj1 https://substack.com/@oleshansen/note/p-187089389utm_source=notes-share-action&r=zuj1" [X Link](https://x.com/Ole_S_Hansen/status/2019775081807831231) 2026-02-06T14:07Z 78.8K followers, [----] engagements "COT on #forex covering the week to [--] February showed a speculative positioning heavily skewed toward US dollar selling despite a modest rebound in the greenback that week. As a result the gross short across the eight IMM currency futures more than doubled to a six-month high of USD [----] billion. https://twitter.com/i/web/status/2020439232834142237 https://twitter.com/i/web/status/2020439232834142237" [X Link](https://x.com/Ole_S_Hansen/status/2020439232834142237) 2026-02-08T10:07Z 78.8K followers, [----] engagements "Net buying was seen in all but one of the eight currencies led by a 24% increase in the euro net long to [------] contracts equivalent to USD [---] billion. Additional net long increases of around USD [---] billion were recorded in JPY CAD and AUD. Euro and Canadian dollar longs are now the largest since August [----] while the Australian dollar net long reached its highest level since December [----]. https://twitter.com/i/web/status/2020439236466331978 https://twitter.com/i/web/status/2020439236466331978" [X Link](https://x.com/Ole_S_Hansen/status/2020439236466331978) 2026-02-08T10:07Z 78.8K followers, [----] engagements "The weekly COT update covering managed-money positioning across [--] major commodity futures markets captured the historic price reversals in metals. In the reporting week to last Tuesday (3 Feb) #gold fell 3.6% #silver slumped 21.4% and #platinum dropped 12.9%. Faced with increasingly challenging trading conditions managed-money accountswhich for several weeks had been selling into the rally amid rising volatility higher exchange margins and growing VAR constraintsaccelerated their deleveraging. Gold net longs were cut by 23% to [-----] contracts the lowest since October; silver net longs fell" [X Link](https://x.com/Ole_S_Hansen/status/2020448630562340924) 2026-02-08T10:44Z 78.9K followers, 16.7K engagements "Market Quick Take - [--] February [----] via @saxobank https://social.saxo/viroeba https://social.saxo/viroeba" [X Link](https://x.com/Ole_S_Hansen/status/2021128546995859721) 2026-02-10T07:46Z 79K followers, [----] engagements "BOOM Total exchange-monitored #copper stocks have exceeded [--] million tons after a 19th consecutive weekly build rising by [----] kt to [----] kt. All three major exchanges recorded increases led by Shanghai (+23.6 kt to [-----] kt) and London (+20.6 kt to [-----] kt). Activity typically slows ahead of Chinas Lunar New Year holiday before picking up again in early March this time with ample supply available. A sustained inventory overhang may weigh on nearby spreads and limit upside momentum in the absence of fresh macro or supply disruptions. https://twitter.com/i/web/status/2022309104962658657" [X Link](https://x.com/Ole_S_Hansen/status/2022309104962658657) 2026-02-13T13:57Z 79K followers, 27.6K engagements "The euro net long rose to 180k contracts ($27 bn equivalent) the highest since May [----] and just 31k contracts below the [----] record peak. Almost uninterrupted net buying of CAD since November has flipped positioning from a 160k net short to a 13.3k net long the most bullish stance since [----]. Meanwhile the AUD another resource-linked currency climbed to 33.2k contracts just [---] contracts shy of the [----] peak and the highest level since [----]. An unfolding political and economic crisis in the UK provided the only notable support for the dollar with the GBP net short jumping 86% to 26k" [X Link](https://x.com/Ole_S_Hansen/status/2022984955777683478) 2026-02-15T10:42Z 79K followers, [----] engagements "HG #Copper has clawed its way back to challenge the first key level of resistance at $3.68/lb while LME copper already trades above having broken $8086/t earlier in the session" [X Link](https://x.com/Ole_S_Hansen/status/1557646851687546880) 2022-08-11T08:35Z 79K followers, [--] engagements "COT on #commodities in wk to June [--] when the BCOM slumped 5% and the dollar and yields rose saw hedge funds turning sellers of all sectors especially energy and grains with just a handful of contracts mostly softs seeing net buying. Overall the net long across [--] major contracts was cut in half to 422k lots. - The crude oil comb. long slumped to 198k a 6-mth low led by a 69% drop in the Brent long to a ten-year low at 46k. - Small reductions in metals left them all exposed to the end of week price slump. - Grains short selling resumed led by soybeans and corn - In softs the sugar short" [X Link](https://x.com/anyuser/status/1799770791455686689) 2024-06-09T11:49Z 79K followers, 32.9K engagements "COT on #commodities #forex and #bonds covering speculators behaviour in the week to July [--]. https://social.saxo/7gt0o1xuuid=HDNaUoU https://social.saxo/7gt0o1xuuid=HDNaUoU" [X Link](https://x.com/anyuser/status/1820444118721421736) 2024-08-05T12:57Z 79K followers, [----] engagements "COT on #Forex: Still six weeks behind real-time updates following the US government shutdown the CFTC has so far released data up to [--] October. In that reporting week when the DXY reached [--] continuing its rebound from a mid-September low near [--] the speculative gross #USD positions versus eight IMM futures flipped back to a small net long for the first time in six months. Besides a small amount of EUR long liquidation the main driver since September was a halving of the JPY long" [X Link](https://x.com/Ole_S_Hansen/status/1995077540411543989) 2025-11-30T10:28Z 79K followers, [----] engagements "The less liquid metals lead the way during today's rout with #platinum giving back half of the doubling in price since November" [X Link](https://x.com/Ole_S_Hansen/status/2017173302335209690) 2026-01-30T09:49Z 79K followers, 13.7K engagements "Silver will rebound but todays collapse shows why gold will continue to be the ultimate safe haven. A semi industrious metal can rally but only for so long without eventually killing demand and causing a rush of supply from scrap sellers" [X Link](https://x.com/Ole_S_Hansen/status/2017304418220216585) 2026-01-30T18:30Z 79K followers, 84.4K engagements "$MSTR - Bitcoin briefly falls below Microstrategys breakeven price at $76037" [X Link](https://x.com/Ole_S_Hansen/status/2017676583817904153) 2026-01-31T19:09Z 79K followers, 18.1K engagements "#Platinum with its inferior liquidity went through a 34% top to bottom correction retracing 50% of the rally from last year's April low. Just like gold and silver it is now finding a fresh bid supported by its once again relative cheapness to gold after the ratio jumped from a three-year low at [----] to [----] currently. From a technical perspective the first area of resistance can be found ahead of $2295 followed by $2415 https://twitter.com/i/web/status/2018597410604187758 https://twitter.com/i/web/status/2018597410604187758" [X Link](https://x.com/Ole_S_Hansen/status/2018597410604187758) 2026-02-03T08:08Z 79K followers, 12.5K engagements "Shanghai leading today's slump with premiums narrowing" [X Link](https://x.com/Ole_S_Hansen/status/2019298972406591715) 2026-02-05T06:36Z 79K followers, 12.7K engagements "The UBS SDIC Silver Futures Fund China's only pure-silver fund has not traded since Thursday when it closed at a 60% premium to NAV. Suspended on Friday only to suffer four consecutive days being down by the daily limit of 10%" [X Link](https://x.com/Ole_S_Hansen/status/2019298976294715492) 2026-02-05T06:36Z 79K followers, 34.1K engagements "Pandora A/S has warned of slowing sales growth this year citing among other factors its exposure to highly volatile #silver prices. In response the Danish jeweller has accelerated efforts to diversify its metal mix with plans to shift around half of its product range toward #platinum-plated jewellery. The relative valuation backdrop underscores the logic: a decade ago one ounce of platinum bought more than [--] ounces of silver. That ratio has since collapsed to a record low below [--] highlighting just how dramatically silver has outperformed platinum over the period. Chart source: Bloomberg" [X Link](https://x.com/Ole_S_Hansen/status/2019393159751479503) 2026-02-05T12:50Z 79K followers, [----] engagements "Beyond metals the reporting week to [--] February saw broad-based buying across crude oil and refined products with the combined crude oil net long rising by 65.4k contracts to 341.3k a six-month high and a marked rebound from near-flat positioning at the start of the year. The grains sector recorded net buying across all three major crops while soft commodities remained under pressure led by heavy net selling in sugar and coffee. Livestock continues to stand out as the most favoured agricultural sector with speculators holding a net long in the three contracts valued at USD [--] billion. More in" [X Link](https://x.com/Ole_S_Hansen/status/2020451649932628214) 2026-02-08T10:56Z 79K followers, 10.5K engagements "#Silver: In China the deflation of the speculative bubblefollowing exchange measures to curb excessive trading and ahead of the Lunar New Year holidaycontinues to sap interest with both traded volumes and notably open interest on the Shanghai Futures Exchange declining" [X Link](https://x.com/Ole_S_Hansen/status/2020783129909182757) 2026-02-09T08:53Z 79K followers, 13.4K engagements "A further normalisation between Shanghai and the West is reflected in the premium paid for physical bars in Shanghai over London" [X Link](https://x.com/Ole_S_Hansen/status/2020783133017207217) 2026-02-09T08:53Z 79K followers, [----] engagements "Finally some relief for investors in Chinas only pure silver fund the UBS SDIC Silver Fund which reopened today after being limit down since [--] January. The 41% decline over that period however could have been significantly worse were it not for investors continued willingness to pay a substantial premium to net asset value. https://twitter.com/i/web/status/2020783136766861586 https://twitter.com/i/web/status/2020783136766861586" [X Link](https://x.com/Ole_S_Hansen/status/2020783136766861586) 2026-02-09T08:53Z 79K followers, [----] engagements "#Commodities #CrudeOil trades steady after a two-day advance with the Iran-related risk premium continuing to ebb and flow. Brent however is struggling to break convincingly above USD [--] amid speculation that the risk of higher oil pricesand the impact of rising fuel costscould ultimately push President Trump toward a negotiated settlement with Iran. Such an outcome would reduce the risk of conflict and by extension the threat of a major supply disruption from the Middle East. #Gold holds above USD [----] following a two-day gain supported in part by reports that Chinese regulators have advised" [X Link](https://x.com/Ole_S_Hansen/status/2021129853995553213) 2026-02-10T07:51Z 79K followers, 11.8K engagements "#Commodities #Gold holds above USD [----] after weak US retail sales reinforced expectations of Fed rate cuts pushing the dollar and US Treasury yields lower ahead of todays delayed January payrolls report. Technical resistance is seen near USD [----] and a break above could open for a move toward USD [----] the 61.8% retracement of the recent correction. Meanwhile #silver volatility continues to ease with more orderly price action also emerging in Shanghai ahead of the extended Lunar New Year holiday. #CrudeOil trades firmer with Brent back above USD [--] as Middle East tensions sustain a modest" [X Link](https://x.com/Ole_S_Hansen/status/2021489680257105986) 2026-02-11T07:41Z 79K followers, 10.2K engagements "Key observations from EIA's weekly update: #Crudeoil stocks rose by [---] million barrels the largest weekly increase in a year driven by strong import flows into the Gulf Coast and a [---] mb/d rebound in production to [----] mb/d. #Gasoline inventories climbed to their highest level since April [----] reflecting a recent winter-related slowdown in mobility. Overall however implied gasoline demand remains broadly unchanged compared with the previous two years. https://twitter.com/i/web/status/2021847164930982286 https://twitter.com/i/web/status/2021847164930982286" [X Link](https://x.com/Ole_S_Hansen/status/2021847164930982286) 2026-02-12T07:21Z 79K followers, [----] engagements "#Commodities #Sugar futures slid to a five-year low at [----] cents/lb and have now more than halved since the November [----] peak above [--] cents/lb pressured by prospects of a bumper Brazilian crop that is set to widen the global surplus while the risk of producer hedging may add further downside pressure. The downturn has also been reinforced by a sharper-than-expected slowdown in sugar consumption across the US and other developed economiespartly linked to the growing uptake of GLP-1 weight-loss drugs which curb appetite for the sweetener. #Gold eased back from above USD [----] and #silver from" [X Link](https://x.com/Ole_S_Hansen/status/2021852179456229861) 2026-02-12T07:41Z 79K followers, [---] engagements "In #silver those pinning their 'hopes' on another squeeze are currently focusing on COMEX registered stocks versus open interest in the March contract which reaches first notice day on [--] February. The narrative is that potential deliveries could exceed available stocks. Several reasons why this is unlikely to become a constraint: a) Open interest typically falls sharply ahead of the notice (delivery) period as positions are rolled forward or closed. b) Delivery unfolds across the whole delivery month until [--] March and only shorts can initiate delivery by issuing notices after which the" [X Link](https://x.com/Ole_S_Hansen/status/2021881545640837233) 2026-02-12T09:38Z 79K followers, 40.6K engagements "AI-drivenearnings concerns triggered renewed equity volatility and crosssector selling as markets attempt to price in the disruptive reach of AI. Commodities got caught in the AI cross winds but continue to outperform supported by geopolitical risk supply challenges and resilient demand. https://open.substack.com/pub/oleshansen/p/commodities-weekly-ai-disruptionr=zuj1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true https://open.substack.com/pub/oleshansen/p/commodities-weekly-ai-disruptionr=zuj1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true" [X Link](https://x.com/Ole_S_Hansen/status/2022303577708941752) 2026-02-13T13:35Z 79K followers, [----] engagements "U.S. core and headline CPI rose 2.5% over the last [--] months" [X Link](https://x.com/Ole_S_Hansen/status/2022310919556960445) 2026-02-13T14:04Z 79K followers, [----] engagements "@quantum_investo Not bearish at all. Long term bullish and actually impressed by its current performance. Main message right now is not to chase the market and be patient" [X Link](https://x.com/Ole_S_Hansen/status/2022393561233408237) 2026-02-13T19:32Z 79K followers, [---] engagements "COT on #forex covering non-commercial positioning across eight IMM futures in the week to [--] February. Speculators sold the USD for a third consecutive week lifting the gross short by $2.4 bn to nearly $20 bn the largest non-commercial bet on a weaker dollar since last June" [X Link](https://x.com/Ole_S_Hansen/status/2022984952762224828) 2026-02-15T10:42Z 79K followers, [----] engagements "#Commodities The Bloomberg Commodity Index is heading for a modest weekly decline of around 1% as Thursdays AI-disruption-driven risk-off tone dented risk appetite and triggered broad risk reduction from systematic and automated trading models. Losses have been most pronounced in energy led by natural gas (-8%) and gasoil (-3%). Industrial and precious metals have also softened with copper aluminium silver and platinum trading lower while gold is little changed supported by already light positioning and continued underlying demand. In contrast grains are enjoying a strong week up around 2% on" [X Link](https://x.com/Ole_S_Hansen/status/2022211858183114913) 2026-02-13T07:30Z 79K followers, 11K engagements "COT on #commodities: The latest COT report covering managed money positioning in the week to Tuesday [--] February captures a period during which the Bloomberg Commodity Index traded broadly flat. Gains in crude oil gasoline gold and notably grains were offset by weaknesses across industrial metals including the semi-industrial precious metals silver and platinum as well as natural gas soft commodities and livestock. In energy crude oil buying extended to an eighth consecutive week albeit at a slower pace with the combined net long in Brent and WTI rising by 10.6k contracts to an eight-month" [X Link](https://x.com/Ole_S_Hansen/status/2022997203904495853) 2026-02-15T11:31Z 79K followers, [----] engagements "#Bond bears are beginning to get squeezed as yield drops. This is what the leveraged fund position looked like across the US yield curve in wk to May 15" [X Link](https://x.com/Ole_S_Hansen/status/1000001313411878912) 2018-05-25T13:11Z 65.5K followers, [--] engagements "Leveraged fund positions across the US yield curve in week to May 29: A relatively small reduction in bearish bets when considering the [--] bp top to bottom move in US T-notes since mid-May #bonds" [X Link](https://x.com/Ole_S_Hansen/status/1003279176617603073) 2018-06-03T14:16Z 65.5K followers, [--] engagements "Funds rotated out of energy into metals and agriculture #commodities in the wk to May [--]. All six energy related futures contracts were sold not least crude #oil. Twelve out of the remaining [--] futures contracts covered in this were bought especially #gold and #sugar. #OOTT" [X Link](https://x.com/Ole_S_Hansen/status/1003284609260511232) 2018-06-03T14:37Z 65.8K followers, [--] engagements "Sunset north of Copenhagen. Have a great weekend all" [X Link](https://x.com/Ole_S_Hansen/status/1005201793935081472) 2018-06-08T21:35Z 65.8K followers, [--] engagements "A relatively quiet week in metals with #gold struggling to break away from $1300/oz ahead of the June [--] near certain US rate hike. #Silver showed signs of life with the XAUXAG ratio hitting a four months low" [X Link](https://x.com/Ole_S_Hansen/status/1005744008419782656) 2018-06-10T09:30Z 65.8K followers, [--] engagements "#Gold stays glued to $1300 ahead of the expected seventh US rate hike in this cycle. Upside risk building on a dovish hike with open interest at a 6-mth low and the fund net-long close to a two-year low. The level to watch being $1308/oz" [X Link](https://x.com/Ole_S_Hansen/status/1006486740817862657) 2018-06-12T10:41Z 65.7K followers, [--] engagements "Before the dovish #ECB surge the speculative dollar short against nine IMM currency futures had increased by 29% in the wk to June [--]. Exceptions being the EUR and not least MXN where bearish bets doubled as uncertainty about NAFTA weighed #forex" [X Link](https://x.com/Ole_S_Hansen/status/1008334372334899200) 2018-06-17T13:03Z 65.7K followers, [--] engagements "COT: Dollar sold ahead of dovish ECB surge. In fixed income the overall short duration of #bonds held by leveraged funds were reduced for a fourth week #forex https://www.home.saxo/insights/content-hub/articles/2018/06/18/dollar-sold-ahead-of-dovish-ecb-surge https://www.home.saxo/insights/content-hub/articles/2018/06/18/dollar-sold-ahead-of-dovish-ecb-surge" [X Link](https://x.com/Ole_S_Hansen/status/1008642518458748928) 2018-06-18T09:28Z 65.8K followers, [--] engagements "COT: Dollar strength on cont. CB divergence and trade fears helped trigger big changes in the positions held by funds in #forex and #commodities last week - #gold #oil #grains #EURUSD https://www.home.saxo/insights/content-hub/articles/2018/06/25/cot-dollar-strength-and-trade-fears-trigger-big-changes-across-forex-and-commodities https://www.home.saxo/insights/content-hub/articles/2018/06/25/cot-dollar-strength-and-trade-fears-trigger-big-changes-across-forex-and-commodities" [X Link](https://x.com/Ole_S_Hansen/status/1011160419828948992) 2018-06-25T08:13Z 65.7K followers, [--] engagements "Following the biggest bullish shift on record the speculative dollar long against nine IMM currency futures climbed another 27% in the week to June [--]. Again the selling was broad-based with JPY and AUD being the two exceptions" [X Link](https://x.com/Ole_S_Hansen/status/1013381739123806208) 2018-07-01T11:20Z 65.7K followers, [--] engagements "COT: In #forex the EUR long extended on Trump threat JPY short rose ahead of #BOJ while the short in CHF hit an 11-year high. Leverage funds added curve steepening trades seen in #bonds https://www.home.saxo/insights/content-hub/articles/2018/07/30/cot-eur-long-extends-on-trump-threat https://www.home.saxo/insights/content-hub/articles/2018/07/30/cot-eur-long-extends-on-trump-threat" [X Link](https://x.com/Ole_S_Hansen/status/1023837342686175232) 2018-07-30T07:46Z 65.7K followers, [--] engagements "#Gold trades higher for a second day as the dollar rally looks tired with EUR JPY and CNY all trading higher. China is also said to push Yuan stability in meeting with banks (BBG). Funds holding a record net- and gross-short may blink but unlikely to worry before $1235/oz" [X Link](https://x.com/Ole_S_Hansen/status/1027093160013561856) 2018-08-08T07:24Z 65.8K followers, [--] engagements "Danish crop harvest to fall 40% due to drought. May June and July offered the highest temperatures and driest conditions since records began in [----] #wheat #corn #rapeseed http://news.trust.org/item/20180809102914-mhoix/ http://news.trust.org/item/20180809102914-mhoix/" [X Link](https://x.com/Ole_S_Hansen/status/1027530298555285504) 2018-08-09T12:21Z 68.3K followers, [--] engagements "The #SaxoStrats team went live this morning on #Facebook with our new Morning Call format covering the dramatic plunge in the Turkish lira as well as the reaction across other asset classes. #forex #stocks #commodities https://www.home.saxo/insights/content-hub/articles/2018/08/10/saxos-new-morning-call-goes-live https://www.home.saxo/insights/content-hub/articles/2018/08/10/saxos-new-morning-call-goes-live" [X Link](https://x.com/Ole_S_Hansen/status/1027869984398168064) 2018-08-10T10:51Z 65.8K followers, [--] engagements "Short selling of stock market volatility continued with the CBOE #VIX Index net-short reaching 114k lots. This was the highest reading since last December before the blowup of short volatility ETNs back in early February #ES_F" [X Link](https://x.com/Ole_S_Hansen/status/1028608406960123905) 2018-08-12T11:45Z 65.8K followers, [--] engagements "COT on #bonds #stocks and #VIX in the wk to Aug [--]. Leveraged funds made a small reduction in their short bond duration due to buying of 3-mth ED and T-bonds. The record short in 10-yr notes rose to 700k lots despite the continued drop in yields and flattening yield curve" [X Link](https://x.com/Ole_S_Hansen/status/1033701091085627392) 2018-08-26T13:02Z 65.8K followers, [--] engagements "The #gold net-short hit a fresh record of 79k lots last week More than [--] times the previous record from Dec-15. The first signs buying was more than off-set by additional short-selling. The #silver short jumped by 26% but stayed well below the previous record from April" [X Link](https://x.com/Ole_S_Hansen/status/1033705619549761538) 2018-08-26T13:19Z 65.8K followers, [--] engagements "Crude #oil was sold for third week with the combined Brent and WTI net-long falling by 31k to 664k lots an 11-month low. The change was driven by long liquidation in Brent (-16k) and fresh short selling in WTI (+15k). #OOTT" [X Link](https://x.com/Ole_S_Hansen/status/1033705854665728000) 2018-08-26T13:20Z 65.7K followers, [--] engagements "In the week to Aug [--] leveraged funds increased bearish bond bets for a tenth consecutive week. This despite having seen the 0-yr Note yield stay range-bound between 2.8% and 3% during this time. #bonds #stocks #VIX" [X Link](https://x.com/Ole_S_Hansen/status/1036271178447503361) 2018-09-02T15:14Z 65.7K followers, [--] engagements "Leverage fund selling across the US yield curve accelerated last week with the net-short duration hitting a fresh record. Driven by a 34% jump to 864k lots in 10-yr notes. #Bonds" [X Link](https://x.com/Ole_S_Hansen/status/1038770590528753664) 2018-09-09T12:46Z 65.7K followers, [--] engagements "COT on #bonds #stocks and #VIX in week to September 4" [X Link](https://x.com/Ole_S_Hansen/status/1038770593183752195) 2018-09-09T12:46Z 65.7K followers, [--] engagements "Speculators cut bullish dollar bets by $2.3 billion the most in almost six month during the wk to Sept [--]. Driven by short-covering in GBP and CHF and not least EUR which flipped back to positive after a net-purchase of 15k lots (1.9 billion) #forex" [X Link](https://x.com/Ole_S_Hansen/status/1038771895670325248) 2018-09-09T12:51Z 65.8K followers, [--] engagements "COT: Dollar selling and a jump in the bond short were some of the key changes in speculative positions during the week to Sept. [--]. - #forex #bonds #stocks #VIX https://www.home.saxo/insights/content-hub/articles/2018/09/10/cot-dollar-sold-bond-short-jumps https://www.home.saxo/insights/content-hub/articles/2018/09/10/cot-dollar-sold-bond-short-jumps" [X Link](https://x.com/Ole_S_Hansen/status/1039071535259181056) 2018-09-10T08:42Z 65.8K followers, [--] engagements "In #forex speculators cut their dollar long against nine IMM currency #futures by $1.6bn to $20.2bn. This the third weekly reduction was driven by a 40% increase in the EUR net-long together with short-covering in GBP and CHF" [X Link](https://x.com/Ole_S_Hansen/status/1041278583950454784) 2018-09-16T10:52Z 65.8K followers, [--] engagements "COT on #bonds and #stocks in wk to Sept 18: Leveraged funds maintained a record short duration across the US yield curve. The record short in 10-year notes extended further while the steepening yield curve attracted some buying interest at the front" [X Link](https://x.com/Ole_S_Hansen/status/1043806639453872128) 2018-09-23T10:17Z 65.8K followers, [--] engagements "Potentially a day where #gold's recent strength could be challenged. The comb. of a weaker Yuan and rising US yields after #FOMC minutes showed agreement on the need to raise rates further. Stock market weakness providing some support against these developments" [X Link](https://x.com/Ole_S_Hansen/status/1052793958408118272) 2018-10-18T05:30Z 65.8K followers, [--] engagements "Saxo's Morning Call with @johnjhardy @petergarnry and @Ole_S_Hansen Focus: Ups and downs of the #equity market the decline in crude #oil the rally in #gold and how the Italian budget is pressuring the euro. #forex $CAT $TSLA https://www.home.saxo/insights/content-hub/articles/2018/10/24/morning-call-equities-off-lows-but-still-fragile-crude-oil-dips https://www.home.saxo/insights/content-hub/articles/2018/10/24/morning-call-equities-off-lows-but-still-fragile-crude-oil-dips" [X Link](https://x.com/Ole_S_Hansen/status/1055014091201437696) 2018-10-24T08:32Z 65.8K followers, [--] engagements "#Gold - Today's Asian session saw #USDCNY near the crucial [----] level with the currency's positive correlation to gold now fading with the equities rout and renewed bond bid driving a renrewed safe haven bid for the yellow metal https://www.home.saxo/insights/content-hub/articles/2018/10/26/gold-is-finding-its-legs-even-against-cny https://www.home.saxo/insights/content-hub/articles/2018/10/26/gold-is-finding-its-legs-even-against-cny" [X Link](https://x.com/Ole_S_Hansen/status/1055734299637497856) 2018-10-26T08:14Z 65.8K followers, [--] engagements "COT on fixed income in the wk to Oct [--] found that leveraged funds continued to cut their short exposure to the US yield curve. Short-covering in 10-year Notes and 10-year Ultras more than off-set selling at the front and far end of the curve #bonds $TY_f #COT" [X Link](https://x.com/Ole_S_Hansen/status/1059011281389342720) 2018-11-04T09:15Z 65.8K followers, [--] engagements "#Sugar and #coffee continued to be bought despite some emerging profit taking in the Brazilian Real following last weekends Presidential election" [X Link](https://x.com/Ole_S_Hansen/status/1059012892392112130) 2018-11-04T09:22Z 65.8K followers, [--] engagements "COT on #forex #bonds and #stocks covering wk to Oct. 30: $USD sees light buying while #MXN sells off. https://www.home.saxo/insights/content-hub/articles/2018/11/05/cot-usd-sees-light-buying-mxn-sells-off https://www.home.saxo/insights/content-hub/articles/2018/11/05/cot-usd-sees-light-buying-mxn-sells-off" [X Link](https://x.com/Ole_S_Hansen/status/1059379776929054720) 2018-11-05T09:39Z 65.8K followers, [--] engagements "In the wk to Nov. [--] money managers were net sellers of bonds across the yield curve. The net-short in 2's and 5's both extended to fresh records. The DV01 which measures the dollar value of a [--] basis point move jumped by $9.5 million to $252 million a six-week high. #bonds" [X Link](https://x.com/Ole_S_Hansen/status/1061584786110799872) 2018-11-11T11:41Z 65.8K followers, [--] engagements "The crude #oil slump which extended into a fifth week continued to attract long liquidation and fresh short-selling from hedge funds. Nine weeks of continued selling has resulted in the WTI net-long reaching a 14-month and Brent at 16-month low #OOTT" [X Link](https://x.com/Ole_S_Hansen/status/1061591956839694336) 2018-11-11T12:10Z 65.7K followers, [--] engagements "COT on #forex #bonds and #stocks covering week to Nov. 6: Euro sellers rewarded as $USD rally picks up speed. Funds sold bonds across the U.S. curve https://www.home.saxo/insights/content-hub/articles/2018/11/12/euro-sellers-rewarded-as-dollar-rally-picks-up-speed https://www.home.saxo/insights/content-hub/articles/2018/11/12/euro-sellers-rewarded-as-dollar-rally-picks-up-speed" [X Link](https://x.com/Ole_S_Hansen/status/1061915960209223683) 2018-11-12T09:37Z 65.8K followers, [--] engagements "The rout in crude #oil last Tuesday triggered a 54k lots reduction in the combined net-long to just 380k lots a 17-month low. The reduction was driven by long-liquidation in #Brent (-32k) and short-selling in #WTI (+10k). #OOTT" [X Link](https://x.com/Ole_S_Hansen/status/1064086317158596608) 2018-11-18T09:22Z 65.7K followers, [--] engagements "Breakdown of who held what futures positions along the US yield curve during the week to Nov. [--] #bonds $TY_f" [X Link](https://x.com/Ole_S_Hansen/status/1067379109020528641) 2018-11-27T11:26Z 65.8K followers, [--] engagements "COT on fixed income in wk to Nov [--]. Leveraged funds were net-buyers across the yield curve with 5s being the exception. This in response to falling yields as crude oil plunged and the market reduced expectations for Fed rate hikes next year" [X Link](https://x.com/Ole_S_Hansen/status/1069150532953092096) 2018-12-02T08:45Z 65.7K followers, [--] engagements "The non-commercial $USD long against nine IMM currency #futures reached a fresh 3-year high of $32bn in the week to December [--]. Most extended against JPY EUR and GBP #forex" [X Link](https://x.com/Ole_S_Hansen/status/1072770666712236034) 2018-12-12T08:30Z 65.5K followers, [--] engagements "COT on 3-mth $ED futures in wk to December 11: Record-breaking volumes resulted in the fund net-short falling to just 800k lots a 26-months low. The week covered a soft jobs report and the subsequent rally resulted in much of the [----] rate hike premium being eroded" [X Link](https://x.com/Ole_S_Hansen/status/1074301840139915264) 2018-12-16T13:54Z 65.7K followers, [--] engagements "COT: $USD longs reduced as #FOMC rate hike premium erodes https://www.home.saxo/insights/content-hub/articles/2018/12/17/cot-dollar-longs-reduced-as-rate-hike-premium-erodes https://www.home.saxo/insights/content-hub/articles/2018/12/17/cot-dollar-longs-reduced-as-rate-hike-premium-erodes" [X Link](https://x.com/Ole_S_Hansen/status/1074601236572372994) 2018-12-17T09:44Z 65.8K followers, [--] engagements "A breakdown of who is holding the positions across the US yield curve ahead of #FOMC - #bonds #futures #COT" [X Link](https://x.com/Ole_S_Hansen/status/1074611484435640320) 2018-12-17T10:25Z 65.8K followers, [--] engagements "Rate hike or not Besides the unhealthy pressure from Trump to pause the #FOMC only needs to take a look at this to justify such a decision. #Oil #OOTT" [X Link](https://x.com/Ole_S_Hansen/status/1075359643285757952) 2018-12-19T11:58Z 65.7K followers, [--] engagements "#Gold crude #oil and #copper put in different responses to last night's US rate hike but given the Fed's unexpectedly hawkish tone what's the outlook like for these three bellwether #Commodities in the months ahead https://www.home.saxo/insights/content-hub/articles/2018/12/20/the-fomc-rate-hike-and-the-commodity-reaction https://www.home.saxo/insights/content-hub/articles/2018/12/20/the-fomc-rate-hike-and-the-commodity-reaction" [X Link](https://x.com/Ole_S_Hansen/status/1075727575975104512) 2018-12-20T12:20Z 65.7K followers, [--] engagements "Replay of our Morning Call with focus on key risk events this week from Brexit "Plan B" vote #FOMC and US-China #tradetalks . Weak earnings from $CAT and $NVDA both highlighting the current risks to growth. Also #oil and #gold Link: https://bit.ly/2TfKz7q https://bit.ly/2TfKz7q" [X Link](https://x.com/Ole_S_Hansen/status/1090183490883203072) 2019-01-29T09:42Z 65.8K followers, [--] engagements "COT on #commodities in wk to Feb [--]. (Another two weeks before the #CFTC will be up to date). #Gold and #silver bought despite weaker post-FOMC price action. #Copper short reduced by 55% while #WTI saw fresh short selling after just [--] weeks of buying" [X Link](https://x.com/Ole_S_Hansen/status/1099620236297412608) 2019-02-24T10:41Z 65.8K followers, [--] engagements "Great February for energy (excl. #NatGas) nickel #copper and PGM's. Not so for most #agriculture commodities led by #wheat #coffee and cotton" [X Link](https://x.com/Ole_S_Hansen/status/1101123630652706816) 2019-02-28T14:15Z 65.8K followers, [--] engagements "Dismal start to the year for #agriculture #commodities. Hedge funds held net-short in all but soybean oil and live cattle (in wk to Feb. 26)" [X Link](https://x.com/Ole_S_Hansen/status/1103942755770785793) 2019-03-08T08:57Z 65.8K followers, [--] engagements "COT on #bonds in wk to March 12: Leveraged funds were buyers across the curve but overall maintained a short position in all durations apart from $ED where the net-long jumped to the highest since Oct. 2015" [X Link](https://x.com/Ole_S_Hansen/status/1107221217520558081) 2019-03-17T10:04Z 65.7K followers, [--] engagements "Speculators cut bullish bets on #commodities by 38% to 308k lots a fresh three-year low in wk to Mch [--]. Broad-based across both metals and agriculture while the energy sector continued to enjoy the tailwind of tightening supply and the positive correlation to rising equities" [X Link](https://x.com/Ole_S_Hansen/status/1107228725614166016) 2019-03-17T10:34Z 65.7K followers, [--] engagements "Speculators resumed selling of #bonds in wk to Mar [--]. This ahead of dovish FOMC which triggered the biggest weekly yield drop in US 10-year Notes since June [----]. Selling occurred across the curve with a small amount of short-covering in 10s and [--] Ultras being the exceptions" [X Link](https://x.com/Ole_S_Hansen/status/1109806284595965952) 2019-03-24T13:16Z 65.8K followers, [--] engagements "Short-selling of the #Cboe #VIX future jumped by 44% to 128k lots a five-month high. The combination of falling volatility until last Friday and the futures curve trading in contango helped attract additional short selling" [X Link](https://x.com/Ole_S_Hansen/status/1109806286118498304) 2019-03-24T13:16Z 65.7K followers, [--] engagements "The non-commercial $USD long against nine IMM currency futures was reduced by $1.1 billion to $25.4 billion in wk to Mar [--]. While currencies such as EUR JPY and CAD were sold ahead of the FOMC meeting speculators cut short bets on GBP by 62% to a nine-month low. #forex #Brexit" [X Link](https://x.com/Ole_S_Hansen/status/1109806963829997568) 2019-03-24T13:19Z 65.8K followers, [--] engagements "The $MXN net-long reached a six-year high and remains the second biggest long after the dollar. Buying of Ruble one of the best performing currencies this year raised the net-long to a 28-month high #forex" [X Link](https://x.com/Ole_S_Hansen/status/1109806965398614016) 2019-03-24T13:19Z 65.8K followers, [--] engagements "Gold struggles with two of three main engines sputtering. Prices may be supported by lower #bond yields and US rate cut expectations but #equities and $USD need to fall in line as well for gold to rally. https://www.home.saxo/insights/content-hub/articles/2019/03/28/gold-struggles-with-two-of-three-main-engines-sputtering https://www.home.saxo/insights/content-hub/articles/2019/03/28/gold-struggles-with-two-of-three-main-engines-sputtering" [X Link](https://x.com/Ole_S_Hansen/status/1111237564797730816) 2019-03-28T12:04Z 65.5K followers, [--] engagements "What do plunging #coffee prices mean for #Starbucks @petergarnry and I take a look at both. #KC_f $SBUX https://www.home.saxo/insights/content-hub/articles/2019/04/03/starbucks-reaching-limit-of-arabicas-decline https://www.home.saxo/insights/content-hub/articles/2019/04/03/starbucks-reaching-limit-of-arabicas-decline" [X Link](https://x.com/Ole_S_Hansen/status/1113433496633135106) 2019-04-03T13:30Z 65.7K followers, [--] engagements "#Gold and #silvers appeal as safe haven continued to fade in response to rising stocks bond yields and the dollar. The net-long in gold was cut in half to just 39k contracts a ten-week low while the out of favor silver saw a return to a net-short" [X Link](https://x.com/Ole_S_Hansen/status/1114853999709171712) 2019-04-07T11:34Z 65.7K followers, [--] engagements "Speculators kept an almost unchanged $USD exposure near a 13-month low against ten IMM #forex futures in wk to July [--]. Cont. selling of GBP and renewed selling of EUR and JPY following the strong US job report were off-set by CAD AUD NZD and not least MXN buying" [X Link](https://x.com/Ole_S_Hansen/status/1150314520897888256) 2019-07-14T08:02Z 65.7K followers, [--] engagements "COT: Continued selling of #agriculture #commodities drove the overall fund long to a record low last week. Precious metals bought ahead of the correction while the #oil long held steady - #OOTT #gold #copper #sugar https://www.home.saxo/insights/content-hub/articles/2019/09/09/cot-cmd-0909 https://www.home.saxo/insights/content-hub/articles/2019/09/09/cot-cmd-0909" [X Link](https://x.com/Ole_S_Hansen/status/1170982398265348098) 2019-09-09T08:48Z 65.7K followers, [--] engagements "Crude #oil has taken out resistance and as the market likes round numbers #Brent is now aiming at $65 and #WTI at $60. Driven by general 'risk on' with US-China trade hostilities on hold until Q4 and the belief the Saudis will do more to support the price #OOTT" [X Link](https://x.com/Ole_S_Hansen/status/1171304633769365504) 2019-09-10T06:09Z 65.8K followers, [--] engagements "#WTI and #Brent #oil were both sold as the #AramcoAttack surge cont. to deflate with the focus returning to the trade war and demand concerns. The combined net-long dropped below pre-attack levels to 468k lots. Biggest change was a one-third jump in WTI short selling. #OOTT" [X Link](https://x.com/Ole_S_Hansen/status/1178270725876178945) 2019-09-29T11:30Z 65.7K followers, [--] engagements "Commitments of Traders report covering week to October 15: #Oil and #gold longs cut with #agriculture #commodities still in demand. https://www.home.saxo/insights/content-hub/articles/2019/10/21/cot-cmd-1021 https://www.home.saxo/insights/content-hub/articles/2019/10/21/cot-cmd-1021" [X Link](https://x.com/Ole_S_Hansen/status/1186193887582445568) 2019-10-21T08:13Z 65.8K followers, [--] engagements "Speculators increased their #VIX futures net-short by 17k lots to a RECORD 188k lots in the wk to Oct. [--]. During the past month the #SPX rally has helped widen the contango thereby fueling short-selling strategies though futures and inverse ETFs $SVXY and $XIV" [X Link](https://x.com/Ole_S_Hansen/status/1190582235679928321) 2019-11-02T10:51Z 65.7K followers, [--] engagements "The speculative $USD long against ten IMM #forex futures continued to drop during the week to Oct. [--]. This time by $2.5 billion to $12.6 billion a seven-week low. Small selling of #EUR and #JPY was more than off-set by continued short-covering in #GBP and #AUD" [X Link](https://x.com/Ole_S_Hansen/status/1190893359252090881) 2019-11-03T07:27Z 65.7K followers, [--] engagements "Tariffs roll back or not created a very volatile week for #gold and #silver. Before Thursdays slump the net longs in both had been cut primarily through fresh short selling. The gold net-long was lowered by 1% while the gross short jumped by 15% to 31k lots a 22-week high" [X Link](https://x.com/Ole_S_Hansen/status/1193508488682586112) 2019-11-10T12:39Z 65.8K followers, [--] engagements "#Gold is being challenged as a #tradedeal looms. The recent rise in #bond yields have cut the total amount of neg yielding debt to $11.6 trillion a one-third reduction since the August [--] peak. The improved outlook has also led to a reduction in U.S. rate cut expectations" [X Link](https://x.com/Ole_S_Hansen/status/1193516056037511168) 2019-11-10T13:09Z 65.7K followers, [--] engagements "#OPEC remains challenged in [----] with the three major forecasters still projecting a significant gap between rising non-OPEC supply and steady demand. The @IEA in its OMR just out said that OPEC is pumping 1.7m b/d more than will be needed during the first half of [----]. #OOTT" [X Link](https://x.com/Ole_S_Hansen/status/1195267412687572992) 2019-11-15T09:08Z 65.7K followers, [--] engagements "The New York FED's Nowcast GDP growth for 2019Q4 has dropped to 0.39% from 2% two months ago. Yet the probability of a January rate cut is priced at just 20% #gold #bonds Chart source: Bloomberg" [X Link](https://x.com/Ole_S_Hansen/status/1197432038003019776) 2019-11-21T08:30Z 65.7K followers, [--] engagements "The S&P500 trades unchanged ahead of Nov. Consumer Confidence at [----] GMT $ES_F $SPX $SPY" [X Link](https://x.com/Ole_S_Hansen/status/1199337216503214080) 2019-11-26T14:40Z 65.7K followers, [--] engagements "Blue sky over Copenhagen ☀. Almost forgotten what it looked like after weeks of rain and grey" [X Link](https://x.com/Ole_S_Hansen/status/1200763917489901574) 2019-11-30T13:10Z 65.7K followers, [--] engagements "China responds while the $CNY the #tradetalks proxy trades up to a near five-week high. Tweets via @LiveSquawk" [X Link](https://x.com/Ole_S_Hansen/status/1202133075313999872) 2019-12-04T07:50Z 65.7K followers, [--] engagements "#Gold was bought as the market challenged resistance at $1480/oz a level that subsequently failed to hold following on #tradetalks and economic data news. The net long rose by 10% to 227k some 22% below the October record. Long liquidation cut the #silver long by 8%" [X Link](https://x.com/Ole_S_Hansen/status/1203668424259338240) 2019-12-08T13:31Z 65.8K followers, [--] engagements "Crude #oil was sold ahead of Fridays OPEC+ meeting. A meeting which controlled by the Saudis ended up supporting prices and the desired $2T Aramco valuation. The combine net-long in WTI and Brent was cut by 66k lots after funds added 103k lots the previous week. #OOTT" [X Link](https://x.com/Ole_S_Hansen/status/1203670456374562816) 2019-12-08T13:39Z 65.5K followers, [--] engagements "The non-commercial #JPY short against the $USD was 26k lots in wk to Feb [--]. When USDJPY peaked above [---] last April the net-short was almost 4x at 100k lots #forex #USDJPY" [X Link](https://x.com/Ole_S_Hansen/status/1230411481553997826) 2020-02-20T08:38Z 65.7K followers, [--] engagements "The weekly flows in #forex futures until February [--] were heavily geared towards continued selling of #EUR and #JPY. The speculative $USD long against ten IMM futures and the #DXY jumped 50% to $20.6bn. This before a #VIX spike and tanking stocks triggered deleveraging" [X Link](https://x.com/Ole_S_Hansen/status/1234089255527428096) 2020-03-01T12:13Z 65.7K followers, [--] engagements "COT on IMM #forex futures in wk to February 25: $USD longs jump ahead of the slump #EUR #JPY #GBP #CAD #AUD #NZD #MXN https://www.home.saxo/content/articles/forex/cot-dollar-longs-jump-ahead-of-slump-02032020 https://www.home.saxo/content/articles/forex/cot-dollar-longs-jump-ahead-of-slump-02032020" [X Link](https://x.com/Ole_S_Hansen/status/1234379722525724672) 2020-03-02T07:27Z 65.7K followers, [--] engagements "#Coffee trades higher for a second day with the next level of resistance at $1.20/lb. The recovery being fueled by fund short-covering despite continued #BRL weakness currently hitting a fresh record low at $4.50" [X Link](https://x.com/Ole_S_Hansen/status/1234494994112798720) 2020-03-02T15:05Z 65.7K followers, [--] engagements "#Crudeoil take note: $GM has made close to $50 bn in adjusted net income over the past five years while Tesla Inc. has lost close to $5 bn. Now GM claim to have a new #Battery which is the Android-style antidote to Teslas iPhone via @business https://www.bloomberg.com/news/articles/2020-03-06/gm-says-its-battery-is-the-android-style-antidote-to-tesla-s-iphone https://www.bloomberg.com/news/articles/2020-03-06/gm-says-its-battery-is-the-android-style-antidote-to-tesla-s-iphone" [X Link](https://x.com/Ole_S_Hansen/status/1235847206726332418) 2020-03-06T08:38Z 65.7K followers, [--] engagements Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing
@Ole_S_Hansen Ole S Hansen
Ole S Hansen posts on X about forex, stocks, futures, silver the most. They currently have [------] followers and [----] posts still getting attention that total [------] engagements in the last [--] hours.
Engagements: [------] #
- [--] Week [-------] -64%
- [--] Month [---------] +88%
- [--] Months [---------] -92%
- [--] Year [----------] +1,204%
Mentions: [--] #
- [--] Week [--] -44%
- [--] Month [---] +33%
- [--] Months [---] +100%
- [--] Year [---] -0.14%
Followers: [------] #
- [--] Week [------] +0.34%
- [--] Month [------] +5.60%
- [--] Months [------] +14%
- [--] Year [------] +18%
CreatorRank: [-------] #
Social Influence
Social category influence finance currencies #3593 countries travel destinations stocks technology brands cryptocurrencies us election automotive brands exchanges
Social topic influence forex, stocks #3232, futures, silver #2853, gold #4492, china, fomc, inflation, commodities #49, bloomberg
Top accounts mentioned or mentioned by @saxobank @business @johnjhardy @petergarnry @unfao @ft @markets @iea @rlinaaaaaaaa @oleshansen @dasvee @cmegroup @chananacharu @globalprotrader @chigrl @wsj @andreassteno @chriskruse @neils_c @aeberman12
Top assets mentioned Rally (RLY) April (APRIL) NVIDIA Corp. (NVDA) SPX6900 (SPX) Bitcoin (BTC) Gains (GAINS) Tesla, Inc. (TSLA) TradersCoin (TRDC)
Top Social Posts
Top posts by engagements in the last [--] hours
"Nine Central Bank meetings in the next two weeks will likely deliver rate cuts from the FOMC ECB BOC and SNB"
X Link 2024-12-09T08:29Z 78K followers, 14.2K engagements
"A major #gold driver: Chinas four-year property slump showed no sign of easing with home prices falling more sharply in September despite fresh stimulus efforts by major cities to stabilise the market. The prolonged real estate weakness continues to sap confidence and is one of the key factors underpinning golds remarkable rally as investors look for alternative stores of value amid persistent economic uncertainty"
X Link 2025-10-20T05:24Z 77.7K followers, 18.5K engagements
"Non-commercial IMM positions versus the dollar with data up until [--] October hence the small flatline on each charts while we wait for the CFTC to catch up probably not until late January. #forex #fx #USD"
X Link 2025-11-30T10:28Z 77.2K followers, [----] engagements
"Crude oils uneasy path toward [----] and the opportunities it presents via @saxobank #oott #crudeoil https://social.saxo/biieh6i https://social.saxo/biieh6i"
X Link 2025-12-09T12:45Z 77.8K followers, 15.2K engagements
"An explosive start to the year has lifted the Bloomberg Commodity Total Return Index by 5% taking it to just below its [----] record on a weekly closing basis set when energy and grain prices briefly spiked following Russias invasion of Ukraine. Strength in early [----] has been broad-based across energy excluding natural gas and especially across metals where fresh record highs are being printed in gold silver and copper. https://twitter.com/i/web/status/2011332359551864981 https://twitter.com/i/web/status/2011332359551864981"
X Link 2026-01-14T06:59Z 77.2K followers, [----] engagements
"COT on #crudeoil: The 7% Iran-focused price spike in the week to [--] January triggered a notable bout of short covering alongside fresh buying from money managers across the three major futures contracts. As a result the combined net long position almost doubled rising by 106k contracts to 217k the highest level in four months. Brent the global benchmark accounted for the bulk of the buying with its net long jumping by 85.5k contracts to 208.5k. https://twitter.com/i/web/status/2012530092975464482 https://twitter.com/i/web/status/2012530092975464482"
X Link 2026-01-17T14:18Z 77K followers, [----] engagements
"While bonds equities and the dollar struggle #commodities are posting strong and broad gains this month with the Bloomberg Commodity TR Index up 5.3%. As last year performance is being driven primarily by precious metals and industrial metals. The energy sector has yet to contribute meaningfully but is likely to do so later in the year while agriculture markets still carry the potential for weather-related surprises. https://twitter.com/i/web/status/2013516276472095198 https://twitter.com/i/web/status/2013516276472095198"
X Link 2026-01-20T07:37Z 77.2K followers, [----] engagements
"For a fifth day the gold-silver ratio continues to find support near [--] potentially signalling a rotation back to gold as silver's record-run challenges industrial demand which after all accounts for close to 60% of overall demand in a normal year. #XAU #XAG #XAUXAG"
X Link 2026-01-20T14:43Z 77.7K followers, 13.3K engagements
"#Commodities #Gold and #platinum hit fresh record highs with gold reaching USD [----] and platinum USD [----] while #silver holds near its own record peak albeit with some signs of rotation from silver back into gold. The move is being supported by unease over Trumps tariff threats and a recent meltdown in Japanese government bonds. In addition central-bank demand a key anchor for gold since [----] remains firm with the Bank of Poland approving plans to purchase [---] tonnes. Industrial metals also benefited from the surge in gold as traders and investors continue to seek hard assets as a hedge"
X Link 2026-01-21T06:36Z 77.9K followers, [----] engagements
"#Commodities #Golds safe-haven credentials were only briefly challenged after Trump together with NATO announced a framework deal on Greenland marginally lowering the geopolitical temperature. However Trumps speech in Davos left little doubt that the global landscape has changed continuing to support demand for hard assets. Gold has so far retraced just USD [--] of a nearly USD [---] rally since Friday while Goldman Sachs raised its year-end forecast to USD [----]. #Silver has seen a slightly deeper pullback but losses have been capped by ongoing reports of strong retail demand in Turkey India and"
X Link 2026-01-22T06:57Z 78.1K followers, 15.1K engagements
"Central and eastern parts of the U.S. remain locked in a deep freeze while production in the southern states is increasingly at risk of freeze-offs where water solidifies inside pipelines and disrupts flows. The result is a supply squeeze hitting just as heating demand peaks helping to explain the unprecedented 70% price surge this week which has lifted the front-month #NG_f contract to its highest level since [----]. https://twitter.com/i/web/status/2014244221515968879 https://twitter.com/i/web/status/2014244221515968879"
X Link 2026-01-22T07:50Z 78.1K followers, [----] engagements
"It looks the BoJ has entered the market doing some #JPY intervention"
X Link 2026-01-23T07:45Z 78.2K followers, 24.2K engagements
"COT on #Forex covering the week to [--] January: The aggregate #USD position versus eight IMM futures ended the reporting week essentially flat after speculators responded to the USD-EU standoff over Greenland by selling 21k euro contracts equivalent to USD [---] billion. Later in the week Trumps TACO saw the euro recover strongly before the attention turned to Fridays sharp move in the yen. The yen strengthened markedly after both the Bank of Japan and later in the day the Federal Reserve contacted bank trading desks requesting prices a development that in the past has been viewed as a potential"
X Link 2026-01-25T12:04Z 78.1K followers, [----] engagements
"Chinese demand remains a major driver. How they will behave ahead of their long Lunar New Year holiday next month will be key to watch "
X Link 2026-01-26T07:39Z 77K followers, 10.9K engagements
"#Platinum continues to trade historically cheap relative to #silver and while the #goldplatinum ratio has fallen to around [----] from above [--] last year it remains well above its long-term average. This relative undervaluation helps explain platinums continued support as demand for hard assets with tight supply persists. Chart from Bloomberg https://twitter.com/i/web/status/2015766003334918413 https://twitter.com/i/web/status/2015766003334918413"
X Link 2026-01-26T12:37Z 77.8K followers, 14.1K engagements
"#Silver positioning on COMEX: As highlighted in recent updates the greatest short-covering risk in COMEX silver futures has not come from banks which typically hold offsetting long positions against their shorts but from producers. Surging prices and volatility have forced producers to reduce hedge positions amid increasingly punitive margin calls. In week to [--] January the breakdown was as follows: Producer/Merchants: +5762 to [------] contracts Swap Dealers: +2716 to [------] Managed Money and Other Reportables: [-----] to +24615"
X Link 2026-01-26T13:42Z 77.3K followers, 27.7K engagements
"#Commodities - European morning update Gold and silver rebounded strongly after a late bout of selling on Monday saw silver tumble by more than USD [--] after hitting a fresh record high near USD [---] earlier in the session. Gold meanwhile found solid support at USD [----] before bouncing back toward USD [----]. With silver now trading at its strongest level relative to gold since [----] volatility has surged to levels that are increasingly untradeable for both bulls and bears highlighting rally fatigue while raising the risk of a correction. Attention is turning toward Chinese speculative positioning"
X Link 2026-01-27T06:32Z 77K followers, 13.3K engagements
"More of these stories keep emerging. The best cure for a high price is a high price: it eventually curbs industrial demand (around 60% of total consumption) while encouraging additional supplynot from mining but from the release of stored silver and increased scrap flows. Sold all my paper silver and went to sell some physical for the first time. Could go higher but honestly have only ever used this stuff as a make shift hammer. Dealer offered $90 and noted lots of people selling. Good luck. 🫡 https://t.co/2wELyg1fnQ Sold all my paper silver and went to sell some physical for the first time."
X Link 2026-01-27T07:46Z 77.8K followers, 26.6K engagements
"AI EV and most certainly AC the three key drivers of rising power demand in the coming years Everyone in energy talks about AI. But two other letters perhaps more mundane will be as important: AC. For the next [--] years ten air conditioning units will be sold every single second. (From ADNOC CEO Sultan Al Jaber speech at #IndiaEnergyWeek) https://t.co/rkpaCKZ16J Everyone in energy talks about AI. But two other letters perhaps more mundane will be as important: AC. For the next [--] years ten air conditioning units will be sold every single second. (From ADNOC CEO Sultan Al Jaber speech"
X Link 2026-01-27T08:27Z 77.2K followers, [----] engagements
"Just finishing a #gold and #silver update that will be published tomorrow. My conclusion: While silver may remain too attractive for some investors to ignore in the near term particularly those with a tactical or momentum-driven approach the risk-reward profile has deteriorated materially. Volatility rather than direction has become the defining feature of the market. For investors seeking strategic exposure to hard assets we continue to see gold as the more robust choice. While near-term consolidation risks are rising after the rapid move to USD [----] underlying central-bank demand persistent"
X Link 2026-01-27T15:42Z 77.9K followers, 41.5K engagements
"Kiss of death"
X Link 2026-01-27T20:51Z 78.1K followers, 30K engagements
"Precious metals having another great day as BlackRocks Rick Rieder who fancies big rate cuts moves closer to the Fed 🪑 while Trump talks down the dollar. Both supporting the debasement trade"
X Link 2026-01-27T21:37Z 77.2K followers, [----] engagements
"Golds orderly rally meets silvers chaos as the dollar comes under pressure #XAU #XAG #USD https://open.substack.com/pub/oleshansen/p/golds-orderly-rally-meets-silversr=zuj1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true https://open.substack.com/pub/oleshansen/p/golds-orderly-rally-meets-silversr=zuj1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true"
X Link 2026-01-28T11:20Z 77.3K followers, [----] engagements
"@Jimmy____D True the tug of war between active traders both buyers and sellers and both getting wrong footed regularly adds to the current volatility. Besides this battle there is still a great deal of FOMO flow"
X Link 2026-01-29T11:55Z 77.9K followers, [----] engagements
"Gold trades down 8% from yesterday's top with support at $ [----] and $4935 Silver has dropped 12.5% with support at $102 and $96 The continued surge across metals especially #gold and #silver is entering a dangerous phase in my opinion. In my many years following markets I have seen this dynamic play out several times across commoditiesand occasionally in other asset classes as well. The problem is The continued surge across metals especially #gold and #silver is entering a dangerous phase in my opinion. In my many years following markets I have seen this dynamic play out several times across"
X Link 2026-01-30T08:30Z 78.2K followers, 28.6K engagements
"🤯🤯🤯 When silver rallies its the good guys buying physical entirely backed by fundamentals while ignoring the possible risk industrial demand destruction. When silver tanks its the bad guys trying to manipulate prices through the "paper" market. Thank God its Friday"
X Link 2026-01-30T10:13Z 78.1K followers, [----] engagements
"or perhaps the demise of cryptos has driven some of the crypto crowd into metals. No matter what not healthy when markets get highjacked by momentum chasing traders who have no idea about or interest in underlying fundamentals. A healthy correction within a continued uptrend is my take. https://twitter.com/i/web/status/2017181288604541285 https://twitter.com/i/web/status/2017181288604541285"
X Link 2026-01-30T10:21Z 78K followers, [---] engagements
"fully agree on copper. The only problem with commodities relative to equities is the spot nature of these. An expected shortfall next year or later should not impact the price until it is realised. Silver is different story as higher prices will raise demand concerns while adding supply from scrap. https://twitter.com/i/web/status/2017184116211396830 https://twitter.com/i/web/status/2017184116211396830"
X Link 2026-01-30T10:32Z 78K followers, [---] engagements
"🤯🤯🤯 When silver rallies its the good guys buying physical entirely backed by fundamentals while ignoring the possible risk of industrial demand destruction and increased scrap supply. When silver tanks its the bad guys trying to manipulate prices through the "paper" market. Thank God its Friday"
X Link 2026-01-30T10:46Z 77.2K followers, 19.1K engagements
"#Commodities weekly: Metals pull back after a volatile record-setting month for commodities https://open.substack.com/pub/oleshansen/p/commodities-weekly-metals-pull-backr=zuj1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true https://open.substack.com/pub/oleshansen/p/commodities-weekly-metals-pull-backr=zuj1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true"
X Link 2026-01-30T12:14Z 78.2K followers, [----] engagements
"The XAUXAG ratio has seen a major turnaround today from below [--] to above [--] potentially signalling a low after the ratio moved well below its 35-year average near 70"
X Link 2026-01-30T17:01Z 77.9K followers, [----] engagements
"@dasvee This is not scrap. That will only hit the market in the coming months due to bottlenecks. Todays drop is merely a reaction to an unsustainable rally and a lot of trigger happy fresh longs getting out"
X Link 2026-01-30T18:38Z 78.2K followers, [----] engagements
"@goldiloxq @JanGold_ None at all. It will hit the market over the coming months. An overextend rally based on conspiracy and hype"
X Link 2026-01-30T20:20Z 78.1K followers, [---] engagements
"@dasvee It will eventually considering how silver buyers around the world have been inundated with people wanting to sell. A major price move always trigger a reaction which tends to be forgotten. A supply deficit today can turn into a surplus tomorrow. Nothing is static"
X Link 2026-01-30T21:24Z 78.1K followers, [---] engagements
"Following five weeks of solid $USD buying speculators made a U-turn during the week Oct. [--]. The long against ten IMM #forex futures was cut by 28% to $15.2 billion a six-week low"
X Link 2019-10-27T11:55Z 78.6K followers, [--] engagements
"Biggest ever one-week drop in cost of shipping a container from Shanghai to New York. Since hitting a July peak below $6000 pr 40ft box the Drewy global #container #shipping index has seen a sharp reversal slumping 13% this past week alone to $4168 slowing the YTD advance to 36% while the YOY remains elevated at 167%. The latest weakness driven by steep declines on the Shanghai to Rotterdam (-17%) and NY (-21%) routes the latter being the largest one-week drop on record"
X Link 2024-09-12T10:34Z 79K followers, 1.3M engagements
"#Silver finally succumbed to a long-overdue correction on Friday though the 6% drop merely erased two days of gains with XAG still holding above USD [--]. The move lifted the XAUXAG ratio to near [--] up from a low of [--] earlier in the week. Market focus now turns to the upcoming Section [---] announcement which could either ease or further intensify the squeeze in London. After a 40% surge since the late-August breakout initial Fibonacci support is found around USD [----]. Worth noting silver is roughly nine times less liquid than gold meaning wherever gold goes silver goes only faster"
X Link 2025-10-19T09:43Z 79K followers, 47K engagements
"LME #copper trades at a record high above $11100/t supported by the powerful combination of a U.S.China deal boosting growth expectations and ongoing supply disruptions at major mines. Prices remain underpinned by signs of emerging physical tightness and a robust demand outlook driven by surging power needs and coppers critical role as the primary conductor for AI data centers cooling and the global energy transition"
X Link 2025-10-29T08:18Z 78.8K followers, [----] engagements
"What kind of drop is needed before this starts to look messy. The six major #Bitcoin ETFs have a combined market cap of $122bn. Watch the Nasdaq and how XBT behaves around USD [-----] SERIOUSLY WHO KEEPS ON SELLING #BITCOIN https://t.co/EVm96oxi2m SERIOUSLY WHO KEEPS ON SELLING #BITCOIN https://t.co/EVm96oxi2m"
X Link 2025-11-14T11:20Z 78.8K followers, [----] engagements
"Ive activated my Substack account which at some point may become my main delivery point for comments notes and posts. I hope to see you there. https://oleshansen.substack.com https://oleshansen.substack.com"
X Link 2026-01-12T12:43Z 78.7K followers, 29.6K engagements
"Is Japans bond shock signalling the end of global liquiditys safety valve If markets have not been watching Japan now is the moment. The relentless surge in long-dated JGB yields signals that one of the worlds most reliable liquidity backstops is fading with consequences that extend well beyond Tokyo. For decades ultra-low Japanese yields have acted as a global liquidity anchor encouraging capital to flow abroad in search of return and underpinning risk appetite across global bonds equities and credit. That anchor is now shifting with Japans bond market seeing a sharp repricing with 30-year"
X Link 2026-01-20T07:23Z 78.8K followers, 254.2K engagements
"#Commodities The Bloomberg Commodity Total Return Index is heading for another record weekly close up 4% and marking its strongest three-week run in almost four years. While precious metals continue to do most of the heavy lifting the energy sector also posted solid gains this week driven primarily by a surge in U.S. natural gas prices amid an incoming and potentially disruptive winter storm. The laggards were concentrated in the softs sector led by cocoa (-12%) followed by coffee (-2.1%) and cotton. In #gold and #silver the big round numbers of USD [----] and USD [---] are now within reach after"
X Link 2026-01-23T06:53Z 78.8K followers, 11K engagements
"#Copper: Exchange-monitored stockpiles continue to surge exceeding the [----] peak this week to reach [---] kt with strong inflows across all three major exchanges in London Shanghai and New York. Manufacturers are increasingly baulking at current high prices and the combination of softer demand and rising availability has flipped Londons nearby structure from a USD 120/t backwardation to a USD 82/t contango signalling a shift from tight to looser spot conditions. By exchange LME inventories rose by [----] kt to [-----] kt Shanghai stocks increased by [----] kt to [---] kt while COMEX holdings climbed 15"
X Link 2026-01-23T09:57Z 78.8K followers, 80K engagements
"#Silver's parabolic surge towards USD [---] has not been driven by either ETF investors (in the West) or speculators on COMEX with holdings and positions in both still falling"
X Link 2026-01-26T07:27Z 78.5K followers, 56.9K engagements
"#Silver has traded in a USD [--] range today making conditions increasingly untradeable for both bulls and bears and raising the risk of a corrective move. Some attention is turning to Chinese speculative positioning and the risk of positions being reduced ahead of the Lunar New Year when local markets will remain shut for more than a week. https://twitter.com/i/web/status/2015873769298899391 https://twitter.com/i/web/status/2015873769298899391"
X Link 2026-01-26T19:45Z 78.7K followers, 87K engagements
"From Gemini: A central goal of the "Mar-a-Lago Accord"an economic framework proposed by advisors within the Trump administrationis to deliberately weaken the U.S. dollar. The plan is named in reference to the [----] Plaza Accord where major world powers agreed to devalue the dollar to reduce the U.S. trade deficit. Proponents of the new Mar-a-Lago version including figures like Robert Lighthizer and Stephen Miran (Council of Economic Advisers) argue that an "overvalued" dollar makes American exports too expensive and foreign imports too cheap ultimately hollowing out U.S. manufacturing. Core"
X Link 2026-01-27T21:04Z 78.7K followers, 22.1K engagements
"#Commodities Gold and silver extended their strong rally with the debasement trade back in sharp focus after Trump was seen talking down the dollar which slipped to a four-year low. Adding to the narrative BlackRocks Rick Rieder who favours aggressive rate cuts is now seen as a leading candidate for the next Fed chair. Gold reached USD [----] (up 17.3% YTD) and silver USD [-----] (up 59% YTD) during the Asian session. Extreme volatility in silver especially on Monday has prompted the CME to raise initial margins on silver futures from 9% to 11%. Markets now turn their attention to the dollar"
X Link 2026-01-28T06:45Z 78.7K followers, 18.3K engagements
"The $PSLV ETF which has been mentioned as the safest ETF bets on #silver - as it invest in fully allocated physical silver has struggled in recent session versus $SLV and #XAG"
X Link 2026-01-28T08:23Z 78.8K followers, [----] engagements
"PSLV is often viewed as a "buy and hold" vehicle for long-term physical enthusiasts. In a fast-moving volatile market traders often ditch "slower" trusts for high-liquidity ETFs leading to temporary selling pressure that blows out the discount"
X Link 2026-01-28T08:23Z 78.8K followers, [----] engagements
"Bearish #crudeoil calls continue to get squeezed after Brent yesterday broke through previous resistance to reach a four-month high. The move has been supported by dollar weakness and persistent supply-side disruption risks with traders closely monitoring Trumps renewed threats against Iran. Reflecting tightening prompt conditions the front-month Brent time spread between March and April has widened to around USD [--] per barrel the strongest backwardation in six months after a brief period of contango last October. https://twitter.com/i/web/status/2016496352931266955"
X Link 2026-01-28T12:59Z 78.8K followers, [----] engagements
"Meanwhile speculators (Managed money & Other Reportables) in the three major ICE and CME traded WTI and Brent contracts held a combined net long of just 144k contracts in the latest reporting week to [--] January. Up from an October record low at 24k but below the one-year average at 204k. https://twitter.com/i/web/status/2016496356328722933 https://twitter.com/i/web/status/2016496356328722933"
X Link 2026-01-28T12:59Z 78.8K followers, [----] engagements
"#Copper joined the broader metals rally trading near USD [--] per pound in New York despite warnings from Goldman Sachs that the recent surge across industrial metals risks undermining demand particularly in China the worlds largest consumer. The caution is echoed by a widening contango in London and a rise in exchange-monitored inventories to multi-year highs. https://twitter.com/i/web/status/2016496956290261445 https://twitter.com/i/web/status/2016496956290261445"
X Link 2026-01-28T13:01Z 78.8K followers, 15.8K engagements
"#Commodities An explosive rally across major commodities extended into Thursdays Asian session. Copper surged 7% to fresh record highs; gold traded well above USD [----] after first clearing USD [----] on Monday while silver hovered near USD [---]. Crude oil continued to advance at a more measured pace with Brent above USD [--] a four-month high as Trump ramps up threats against Iran. Overall the rush into hard assetsled by precious metals and coppercontinues to dominate headlines. The move is being fuelled by strong momentum tight supply market makers being reluctant to take and hold positions"
X Link 2026-01-29T07:00Z 78.8K followers, 11.4K engagements
"The story that will not go away. Greenland is one thing but Trumps belittling of the sacrifices made by Danish soldiers in support of U.S. security has touched a raw nerve on this side of the Atlantic. The U.S. Embassy in Denmark removed [--] Danish flags honoring Danish soldiers killed in Afghanistan outside the building drawing outrage from the countrys veterans amid heightened tensions between Copenhagen and Washington. https://t.co/u649W4c7O9 The U.S. Embassy in Denmark removed [--] Danish flags honoring Danish soldiers killed in Afghanistan outside the building drawing outrage from the"
X Link 2026-01-29T07:08Z 78.8K followers, 17.1K engagements
"The continued surge across metals especially #gold and #silver is entering a dangerous phase in my opinion. In my many years following markets I have seen this dynamic play out several times across commoditiesand occasionally in other asset classes as well. The problem is volatility feeding on itself. As price swings intensify liquidity thins. Banks and market makers struggle to warehouse risk especially as their lifelinethe basis between physical and futuresbecomes increasingly erratic. When their willingness to quote prices in size fades liquidity deteriorates and volatility blows out. Does"
X Link 2026-01-29T10:47Z 78.8K followers, 117.3K engagements
"What could possibly go wrong In China the UBS SDIC Silver Futures Fund trades at a 42.6% premium over Shanghai Futures Exchange silver contracts. This premium is unsustainable and investors could face significant losses if the market suddenly turns UBS SDIC Fund Management Co. said in its latest notice to investors. Trading was halted briefly on Wednesday morning. Chinas Precious Metals Frenzy Sparks Protest as Risks Grow Worth the read to understand the leverage being employed with the metals. https://t.co/JyWMITZjec Chinas Precious Metals Frenzy Sparks Protest as Risks Grow Worth the read"
X Link 2026-01-29T13:38Z 78.8K followers, 12.6K engagements
"Copper jumps 10% to a fresh record high and while the macro conditions remain in place (rate cuts demand for hard assets new demand themes) most of the micro drivers are not supporting this move. A couple of examples: a) The spot-3s contango on LME trades at an 11-month high b) Exchange-monitored stockpiles has reached a multi-year high c) The Yangshan premium over LME trades at an 18-month low Conclusion: careful about getting sucked into an unsustainable rally. https://twitter.com/i/web/status/2016890910802346456 https://twitter.com/i/web/status/2016890910802346456"
X Link 2026-01-29T15:07Z 78.5K followers, 39K engagements
"A similar albeit unlikely slump in #silver could see it retrace back towards USD 85"
X Link 2026-01-30T09:49Z 78.3K followers, [----] engagements
"Supported in part by golds superior liquidity and a smaller pool of speculative froth being forced out the XAUXAG ratio staged a sharp rebound today jumping from below [--] to above [--]. The move potentially signals a near-term low after the ratio fell well below its 35-year average around [--]. https://twitter.com/i/web/status/2017282796947943898 https://twitter.com/i/web/status/2017282796947943898"
X Link 2026-01-30T17:04Z 78.4K followers, 15.9K engagements
"COT on #Silver: Hedge Funds rattled by worsening trading conditions and surging volatility cut their net long by one-third in the week to last Tuesday"
X Link 2026-01-30T20:39Z 78.4K followers, [----] engagements
"In the week to last Tuesday ahead of #Silver's slump the bulk of the open interest in the COMEX futures contract was split the following way: Buy-side speculators (Managed money and Other Reportables): [----] contracts to +24000 a 2-year low Producer/Merchant/Processor: [-----] contracts to [------] Swap Dealers (banks): +3148 to [------] a 1-year high https://twitter.com/i/web/status/2017562794103550297 https://twitter.com/i/web/status/2017562794103550297"
X Link 2026-01-31T11:37Z 78.4K followers, 13.3K engagements
"The COT report on #FX covering the week to [--] January highlights a significant bout of US dollar selling after the greenback slumped around 2.5% to a four-year low. Across the eight IMM currency futures tracked the combined dollar short position jumped from near flat to USD [--] billion. The move was primarily driven by strong demand for the euro (USD 3.1bn) Canadian dollar (USD 1.9bn) and Australian dollar (USD 1.5bn) with the latter flipping to a net long for the first time in [--] months. https://twitter.com/i/web/status/2017570711477330028 https://twitter.com/i/web/status/2017570711477330028"
X Link 2026-01-31T12:08Z 78.4K followers, [----] engagements
"@variance_swap @profitsplusid Absolutely correct as long the market continues to rally. What do you think they are forced to do when the market suddenly tanks and they hold a very elevated long position You sell whatever liquidity you can find futures or SLV"
X Link 2026-02-01T19:20Z 78.4K followers, [----] engagements
"#Commodities A historic rally across #gold and #silver turned into an equally historic rout on Friday extending into Mondays session as traders continued to unwind what had become an extremely crowded one-sided trade. Silver in particular had for months drawn in investors professionals and retail participants alike before the move turned parabolic and increasingly unhinged. That dynamic ultimately set the stage for a sharp correction as the exit doors proved too narrow to absorb a sudden wave of forced selling. While the initial trigger was the nomination of Kevin Warsh which helped spark a"
X Link 2026-02-02T06:55Z 78.6K followers, 26.2K engagements
"Before anyone uses this chart to say China will come to the rescue given its huge premium over London a friendly reminder that SGE's silver price has been limit down and not traded all day"
X Link 2026-02-02T07:02Z 78.7K followers, 33.9K engagements
"Silver: When a record rally turns into a record rout #XAG #XAU #silver #gold via @saxobank https://social.saxo/z6vskbt https://social.saxo/z6vskbt"
X Link 2026-02-02T10:04Z 78.5K followers, [----] engagements
"#Commodities #Gold and #silver staged a strong rebound during the Asian session following Fridays historic collapse which extended into Monday before prices finally stabilised. In China silver prices fell again narrowing the premium over London to just 9% as bruised local speculators continued to retrench while Chinas only pure-silver fund traded limit-down for a second consecutive day. Gold has now cleared its first retracement hurdle at USD [----] shifting focus toward USD [----] the 50% retracement of the latest slump. For silver the equivalent levels sit higher at USD [-----] and USD 96.52"
X Link 2026-02-03T07:01Z 78.7K followers, 12.6K engagements
"CORRECTION: The mentioned observation is inaccurate as the fund has not traded since [--] January. It was suspended on Friday and since then it has twice been marked down by the daily limit of 10%. At this rate it may take another few days of limit down before it trades again. The SHFE Silver futures hit its daily down limit again today before staging a small comeback. It is currently down 34% from last week's peak in the process narrowing the premium to London to less than 9%. Chinas only pure-play silver fund UBS SDIC Silver Futures Fund with a CNY [----] billion market cap reopened after a"
X Link 2026-02-03T07:10Z 78.7K followers, 11.4K engagements
"The slump in global #container #freight rates continues ahead of the Lunar New Year lull which typically lasts until early March when Chinese factories and exporters are fully back online. This past week the Drewry Composite recorded its steepest decline since September falling 7% to USD [----] per 40-foot container. The sharpest drops were seen on ChinaEU routes partly reflecting a gradual return of shipping traffic to the Red Sea via the Suez Canal which shortens voyage times and lowers transport costs. https://twitter.com/i/web/status/2019383109016293564"
X Link 2026-02-05T12:10Z 78.8K followers, [----] engagements
"US Weekly Jobless Claims at 201k vs exp 225k and continuing claims at 662k vs exp 1692k. Another set of data showing the strong US labour market the result being a fresh move higher in yields with 2's at 5.19% and 10's at 4.48% while the Dec23 to Dec24 SOFR rate cut expectation drops to [--] bps https://twitter.com/i/web/status/1704837151475580954 https://twitter.com/i/web/status/1704837151475580954"
X Link 2023-09-21T12:37Z 78.9K followers, [----] engagements
"The BCOM TR Index tracked among others by the $CMOD ETF trades near a four-month high. It surged 130% between [----] and [----] before retracing around [---] and has now traded sideways for a year. Although not yet confirmed that sideways behaviour show signs of ending #commodities"
X Link 2024-04-03T13:52Z 78.8K followers, [----] engagements
"The Norwegian Krone continues to break higher trading near a nine-month high against euro up 4% in [----] and not far behind the Swedish Krona which has gained 5.75%"
X Link 2025-03-25T14:32Z 79K followers, [----] engagements
"In the "Open Interest" series on Top Traders Unplugged I recently joined my friend Philip and @moritzseibert to take a deep dive into the world of commodities with focus on @CalculoCapital a short-term quantitative hedge fund based in Denmark https://www.toptradersunplugged.com/podcast/navigating-the-commodity-markets-with-calculo-capital-ft-ole-hansen-philip-carlsson/ https://www.toptradersunplugged.com/podcast/navigating-the-commodity-markets-with-calculo-capital-ft-ole-hansen-philip-carlsson/"
X Link 2025-04-24T08:20Z 79K followers, [----] engagements
"$Strategy what strategy if I may ask"
X Link 2025-11-13T20:41Z 79K followers, 36.5K engagements
"The #silver conspiracists are having a field day claiming the @CMEGroup worried about a thin order book shut down its entire platform to prevent a breakout. Needless to say thats complete nonsense. And before the comment area lights up like a Christmas tree do note I have been bullish on silver since [----] and expect prices to climb further in the coming months. On a more serious note it has been a long while since weve seen an outage of this duration. Thankfully it arrived on a relatively quiet trading day with many US participants enjoying a long Thanksgiving break"
X Link 2025-11-28T09:07Z 79K followers, 96.3K engagements
"EURNOK on the move breaking technical support to trade at a three-month low. While the Norges Bank is expected to keep rates unchanged at 4% the NOK has also been supported by the latest runup in gas prices which has seen the TTF contract jump 40% in the past two weeks"
X Link 2026-01-22T08:34Z 78.8K followers, [----] engagements
"Commodities weekly Hard assets hard weather: metals lead gas shocks cocoa cracks. The Bloomberg Commodity Total Return Index is heading for yet another record weekly close up more than 4% and marking its strongest three-week run in almost four years. The index has gained 8.3%% this month and 19.5% over the past year broadly in line with the MSCI All World Index while still comfortably outperforming the major U.S. stock indices. https://open.substack.com/pub/oleshansen/p/commodities-weekly-hard-assets-hardr=zuj1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true"
X Link 2026-01-23T13:32Z 78.8K followers, [----] engagements
"#Silver: In order to better gauge the true spread between spot silver prices on the Shanghai Gold Exchange and London it is necessary to adjust for Chinas 13% VAT which applies to physical delivery. Once this tax component is stripped out the SGE premium peaked yesterday at just over 5% before easing back today towards 1%. The VAT itself is not new the current 13% rate has been in place since [----] but because it is proportional to price it has mechanically inflated the headline Shanghai-over-London spread as silver has surged to much higher price levels."
X Link 2026-01-27T11:36Z 79K followers, 204.8K engagements
"When metals and energy perform in tandem the commodities sector tends to roar. The Bloomberg Commodity Total Return Index has already gained +12% this month and unlike last yearwhen gold and silver did most of the heavy lifting2026 has so far delivered a much broader-based advance with agriculture the notable absentee. https://twitter.com/i/web/status/2016429850395857022 https://twitter.com/i/web/status/2016429850395857022"
X Link 2026-01-28T08:35Z 78.9K followers, 17.6K engagements
"One for the record books. The Bloomberg Commodity Total Return Index is heading for its strongest monthly gain in decades up 15% and eclipsing several double-digit months seen between [----] and [----] when China entered the global stage and accumulated raw materials at a breakneck pace. While precious metals are doing much of the heavy lifting the breadth of the rally across the commodity complex is notable. #commodities https://twitter.com/i/web/status/2016774864992903320 https://twitter.com/i/web/status/2016774864992903320"
X Link 2026-01-29T07:26Z 78.9K followers, 11.3K engagements
"#Copper extending its slump following yesterday's 11% surge a move that was purely short covering and speculative in nature with current fundamentals not supporting a move of this magnitude at this point. Exchange-monitored warehouse stocks show a 14th consecutive weekly rise of [---] kt to 929kt with increases being led by Shanghai (+7 kt) and COMEX (11.4 kt). Copper jumps 10% to a fresh record high and while the macro conditions remain in place (rate cuts demand for hard assets new demand themes) most of the micro drivers are not supporting this move. A couple of examples: a) The spot-3s"
X Link 2026-01-30T10:06Z 78.9K followers, 28.5K engagements
"A classic example of how a price shock can kill demand. #Cocoa has slumped to around USD [----] per ton for the first time since [----] as consumers cut back and chocolate makers reduce cocoa content in some products. Bloomberg reports that cocoa processors in Europe the worlds largest consuming region saw bean grindings in Q4 fall to the lowest level in data going back to [----]. With demand weakening forecasts are now pointing to supply surpluses in the coming years adding further downward pressure on prices and renewed challenges for farmers in West Africa."
X Link 2026-01-30T12:52Z 79K followers, 20.8K engagements
"Short selling by market makers is a direct consequence of hedging the long delta accumulated from a record amount of call options bought by retail investors. As these options were aggressively promoted on social media like X and Reddit with unrealistic profit expectations dealers were forced to sell futures to remain delta-neutral. These short hedges are not directional bets and will be unwound gradually as options decay are closed or expire. https://twitter.com/i/web/status/2018026058159632779 https://twitter.com/i/web/status/2018026058159632779"
X Link 2026-02-01T18:18Z 79K followers, 28.7K engagements
"Chinas only pure-play silver fund UBS SDIC Silver Futures Fund with a CNY [----] billion market cap reopened after a Friday's suspension only to see its premium surge toward 60%despite repeated risk warnings from the company highlighting an unusual disconnect from the underlying silver price. This move is probably less about silver itself and more about what it says regarding investor anxiety. Chinese investors appear increasingly willing to pay almost any price for perceived capital protection amid ongoing concerns around growth property-market fragility low deposit rates and limited"
X Link 2026-02-02T14:38Z 78.9K followers, 51.3K engagements
"#Silver has staged a strong rebound today but it is still too early to conclude whether this move represents more than a classic dead-cat bounce. From a technical perspective as shown in the chart the recovery remains tentative unless prices reclaim USD [-----] and preferably USD [-----]. Until the market plumbing is fixed with volatility easing and liquidity improving erratic trading in both directions is likely to persist. https://twitter.com/i/web/status/2018693327428649440 https://twitter.com/i/web/status/2018693327428649440"
X Link 2026-02-03T14:29Z 79K followers, 63.8K engagements
"#Silver suffered a sharp reversal during the Asian session wiping out two days of gains. Heavy selling emerged in the Chinese futures market and on the CME after failing to break resistance at USD [-----] the 38.2% retracement of the recent slump. Weaker Chinese demand ahead of Lunar New Year combined with reports of a large short position by a Chinese investor further soured sentiment. At the same time the Shanghai spot premium over London slid to a three-week low. Chinas only pure silver fund which closed at a 60% premium to NAV last Thursday remains limit down leaving investors unable to"
X Link 2026-02-05T06:36Z 79K followers, 53.1K engagements
"Before anyone keels over with excitement over this discovery it is worth quietly noting that aggregate daily volume in the SHFE silver contract over the past two months has averaged around [----] million contracts. Todays total turnover of [---] million contracts while elevated - which can be expected considering the wide trading range - has been exceeded on several occasions during that period. But I suppose facts don't matter if they don't fit the narrative This is the most incredible thing I believe ever happened in the history of commodity markets in Asia. ⚠👇 [-------] contracts traded at the"
X Link 2026-02-05T12:24Z 79K followers, 48.6K engagements
"Another CME margin hike makes sense given the ongoing turmoil and extreme price swings. The ATR on #SI_f is currently at a record USD 14.17/oz or 19.3% meaning the latest increase has merely brought margin requirements in line with daily price volatility. Yesterdays slump in cryptocurrencies triggered broader deleveraging with heavy liquidations in tokenised silver products feeding through into selling pressure across COMEX futures ETFs and swaps. CME MARGIN HIKE ALERT ON Gold and Silver A third MARGIN increase within [--] days. Maintenance increases A 11% increase for gold futures A 20%"
X Link 2026-02-06T09:10Z 78.8K followers, 19.3K engagements
"While $SLV turnover has started to normalise interest in call options has continued to build as prices fell further suggesting many traders still view the move as an opportunity. In effect any sharp rebound carries the risk of a repeat as option sellers would be covering their negative gamma though the buying of ETFs or futures. https://twitter.com/i/web/status/2019705935816478847 https://twitter.com/i/web/status/2019705935816478847"
X Link 2026-02-06T09:33Z 79K followers, 19.7K engagements
"#Copper: Ahead of the Lunar New Year demand lull exchange-monitored inventory stocks continue to surge higher up [----] kt to a fresh multi-year high at [---] kt. All three exchanges seeing stockpiles build led by Shanghai (+15.9 kt) LME (+8.3 kt) and Comex (7.9 kt)"
X Link 2026-02-06T10:21Z 79K followers, 19.4K engagements
"Commodities weekly - A violent correction in precious metals combined with equity and crypto weakness triggered broad deleveraging and a shift toward defensive positioning across #commodities https://substack.com/@oleshansen/note/p-187089389utm_source=notes-share-action&r=zuj1 https://substack.com/@oleshansen/note/p-187089389utm_source=notes-share-action&r=zuj1"
X Link 2026-02-06T14:07Z 78.8K followers, [----] engagements
"COT on #forex covering the week to [--] February showed a speculative positioning heavily skewed toward US dollar selling despite a modest rebound in the greenback that week. As a result the gross short across the eight IMM currency futures more than doubled to a six-month high of USD [----] billion. https://twitter.com/i/web/status/2020439232834142237 https://twitter.com/i/web/status/2020439232834142237"
X Link 2026-02-08T10:07Z 78.8K followers, [----] engagements
"Net buying was seen in all but one of the eight currencies led by a 24% increase in the euro net long to [------] contracts equivalent to USD [---] billion. Additional net long increases of around USD [---] billion were recorded in JPY CAD and AUD. Euro and Canadian dollar longs are now the largest since August [----] while the Australian dollar net long reached its highest level since December [----]. https://twitter.com/i/web/status/2020439236466331978 https://twitter.com/i/web/status/2020439236466331978"
X Link 2026-02-08T10:07Z 78.8K followers, [----] engagements
"The weekly COT update covering managed-money positioning across [--] major commodity futures markets captured the historic price reversals in metals. In the reporting week to last Tuesday (3 Feb) #gold fell 3.6% #silver slumped 21.4% and #platinum dropped 12.9%. Faced with increasingly challenging trading conditions managed-money accountswhich for several weeks had been selling into the rally amid rising volatility higher exchange margins and growing VAR constraintsaccelerated their deleveraging. Gold net longs were cut by 23% to [-----] contracts the lowest since October; silver net longs fell"
X Link 2026-02-08T10:44Z 78.9K followers, 16.7K engagements
"Market Quick Take - [--] February [----] via @saxobank https://social.saxo/viroeba https://social.saxo/viroeba"
X Link 2026-02-10T07:46Z 79K followers, [----] engagements
"BOOM Total exchange-monitored #copper stocks have exceeded [--] million tons after a 19th consecutive weekly build rising by [----] kt to [----] kt. All three major exchanges recorded increases led by Shanghai (+23.6 kt to [-----] kt) and London (+20.6 kt to [-----] kt). Activity typically slows ahead of Chinas Lunar New Year holiday before picking up again in early March this time with ample supply available. A sustained inventory overhang may weigh on nearby spreads and limit upside momentum in the absence of fresh macro or supply disruptions. https://twitter.com/i/web/status/2022309104962658657"
X Link 2026-02-13T13:57Z 79K followers, 27.6K engagements
"The euro net long rose to 180k contracts ($27 bn equivalent) the highest since May [----] and just 31k contracts below the [----] record peak. Almost uninterrupted net buying of CAD since November has flipped positioning from a 160k net short to a 13.3k net long the most bullish stance since [----]. Meanwhile the AUD another resource-linked currency climbed to 33.2k contracts just [---] contracts shy of the [----] peak and the highest level since [----]. An unfolding political and economic crisis in the UK provided the only notable support for the dollar with the GBP net short jumping 86% to 26k"
X Link 2026-02-15T10:42Z 79K followers, [----] engagements
"HG #Copper has clawed its way back to challenge the first key level of resistance at $3.68/lb while LME copper already trades above having broken $8086/t earlier in the session"
X Link 2022-08-11T08:35Z 79K followers, [--] engagements
"COT on #commodities in wk to June [--] when the BCOM slumped 5% and the dollar and yields rose saw hedge funds turning sellers of all sectors especially energy and grains with just a handful of contracts mostly softs seeing net buying. Overall the net long across [--] major contracts was cut in half to 422k lots. - The crude oil comb. long slumped to 198k a 6-mth low led by a 69% drop in the Brent long to a ten-year low at 46k. - Small reductions in metals left them all exposed to the end of week price slump. - Grains short selling resumed led by soybeans and corn - In softs the sugar short"
X Link 2024-06-09T11:49Z 79K followers, 32.9K engagements
"COT on #commodities #forex and #bonds covering speculators behaviour in the week to July [--]. https://social.saxo/7gt0o1xuuid=HDNaUoU https://social.saxo/7gt0o1xuuid=HDNaUoU"
X Link 2024-08-05T12:57Z 79K followers, [----] engagements
"COT on #Forex: Still six weeks behind real-time updates following the US government shutdown the CFTC has so far released data up to [--] October. In that reporting week when the DXY reached [--] continuing its rebound from a mid-September low near [--] the speculative gross #USD positions versus eight IMM futures flipped back to a small net long for the first time in six months. Besides a small amount of EUR long liquidation the main driver since September was a halving of the JPY long"
X Link 2025-11-30T10:28Z 79K followers, [----] engagements
"The less liquid metals lead the way during today's rout with #platinum giving back half of the doubling in price since November"
X Link 2026-01-30T09:49Z 79K followers, 13.7K engagements
"Silver will rebound but todays collapse shows why gold will continue to be the ultimate safe haven. A semi industrious metal can rally but only for so long without eventually killing demand and causing a rush of supply from scrap sellers"
X Link 2026-01-30T18:30Z 79K followers, 84.4K engagements
"$MSTR - Bitcoin briefly falls below Microstrategys breakeven price at $76037"
X Link 2026-01-31T19:09Z 79K followers, 18.1K engagements
"#Platinum with its inferior liquidity went through a 34% top to bottom correction retracing 50% of the rally from last year's April low. Just like gold and silver it is now finding a fresh bid supported by its once again relative cheapness to gold after the ratio jumped from a three-year low at [----] to [----] currently. From a technical perspective the first area of resistance can be found ahead of $2295 followed by $2415 https://twitter.com/i/web/status/2018597410604187758 https://twitter.com/i/web/status/2018597410604187758"
X Link 2026-02-03T08:08Z 79K followers, 12.5K engagements
"Shanghai leading today's slump with premiums narrowing"
X Link 2026-02-05T06:36Z 79K followers, 12.7K engagements
"The UBS SDIC Silver Futures Fund China's only pure-silver fund has not traded since Thursday when it closed at a 60% premium to NAV. Suspended on Friday only to suffer four consecutive days being down by the daily limit of 10%"
X Link 2026-02-05T06:36Z 79K followers, 34.1K engagements
"Pandora A/S has warned of slowing sales growth this year citing among other factors its exposure to highly volatile #silver prices. In response the Danish jeweller has accelerated efforts to diversify its metal mix with plans to shift around half of its product range toward #platinum-plated jewellery. The relative valuation backdrop underscores the logic: a decade ago one ounce of platinum bought more than [--] ounces of silver. That ratio has since collapsed to a record low below [--] highlighting just how dramatically silver has outperformed platinum over the period. Chart source: Bloomberg"
X Link 2026-02-05T12:50Z 79K followers, [----] engagements
"Beyond metals the reporting week to [--] February saw broad-based buying across crude oil and refined products with the combined crude oil net long rising by 65.4k contracts to 341.3k a six-month high and a marked rebound from near-flat positioning at the start of the year. The grains sector recorded net buying across all three major crops while soft commodities remained under pressure led by heavy net selling in sugar and coffee. Livestock continues to stand out as the most favoured agricultural sector with speculators holding a net long in the three contracts valued at USD [--] billion. More in"
X Link 2026-02-08T10:56Z 79K followers, 10.5K engagements
"#Silver: In China the deflation of the speculative bubblefollowing exchange measures to curb excessive trading and ahead of the Lunar New Year holidaycontinues to sap interest with both traded volumes and notably open interest on the Shanghai Futures Exchange declining"
X Link 2026-02-09T08:53Z 79K followers, 13.4K engagements
"A further normalisation between Shanghai and the West is reflected in the premium paid for physical bars in Shanghai over London"
X Link 2026-02-09T08:53Z 79K followers, [----] engagements
"Finally some relief for investors in Chinas only pure silver fund the UBS SDIC Silver Fund which reopened today after being limit down since [--] January. The 41% decline over that period however could have been significantly worse were it not for investors continued willingness to pay a substantial premium to net asset value. https://twitter.com/i/web/status/2020783136766861586 https://twitter.com/i/web/status/2020783136766861586"
X Link 2026-02-09T08:53Z 79K followers, [----] engagements
"#Commodities #CrudeOil trades steady after a two-day advance with the Iran-related risk premium continuing to ebb and flow. Brent however is struggling to break convincingly above USD [--] amid speculation that the risk of higher oil pricesand the impact of rising fuel costscould ultimately push President Trump toward a negotiated settlement with Iran. Such an outcome would reduce the risk of conflict and by extension the threat of a major supply disruption from the Middle East. #Gold holds above USD [----] following a two-day gain supported in part by reports that Chinese regulators have advised"
X Link 2026-02-10T07:51Z 79K followers, 11.8K engagements
"#Commodities #Gold holds above USD [----] after weak US retail sales reinforced expectations of Fed rate cuts pushing the dollar and US Treasury yields lower ahead of todays delayed January payrolls report. Technical resistance is seen near USD [----] and a break above could open for a move toward USD [----] the 61.8% retracement of the recent correction. Meanwhile #silver volatility continues to ease with more orderly price action also emerging in Shanghai ahead of the extended Lunar New Year holiday. #CrudeOil trades firmer with Brent back above USD [--] as Middle East tensions sustain a modest"
X Link 2026-02-11T07:41Z 79K followers, 10.2K engagements
"Key observations from EIA's weekly update: #Crudeoil stocks rose by [---] million barrels the largest weekly increase in a year driven by strong import flows into the Gulf Coast and a [---] mb/d rebound in production to [----] mb/d. #Gasoline inventories climbed to their highest level since April [----] reflecting a recent winter-related slowdown in mobility. Overall however implied gasoline demand remains broadly unchanged compared with the previous two years. https://twitter.com/i/web/status/2021847164930982286 https://twitter.com/i/web/status/2021847164930982286"
X Link 2026-02-12T07:21Z 79K followers, [----] engagements
"#Commodities #Sugar futures slid to a five-year low at [----] cents/lb and have now more than halved since the November [----] peak above [--] cents/lb pressured by prospects of a bumper Brazilian crop that is set to widen the global surplus while the risk of producer hedging may add further downside pressure. The downturn has also been reinforced by a sharper-than-expected slowdown in sugar consumption across the US and other developed economiespartly linked to the growing uptake of GLP-1 weight-loss drugs which curb appetite for the sweetener. #Gold eased back from above USD [----] and #silver from"
X Link 2026-02-12T07:41Z 79K followers, [---] engagements
"In #silver those pinning their 'hopes' on another squeeze are currently focusing on COMEX registered stocks versus open interest in the March contract which reaches first notice day on [--] February. The narrative is that potential deliveries could exceed available stocks. Several reasons why this is unlikely to become a constraint: a) Open interest typically falls sharply ahead of the notice (delivery) period as positions are rolled forward or closed. b) Delivery unfolds across the whole delivery month until [--] March and only shorts can initiate delivery by issuing notices after which the"
X Link 2026-02-12T09:38Z 79K followers, 40.6K engagements
"AI-drivenearnings concerns triggered renewed equity volatility and crosssector selling as markets attempt to price in the disruptive reach of AI. Commodities got caught in the AI cross winds but continue to outperform supported by geopolitical risk supply challenges and resilient demand. https://open.substack.com/pub/oleshansen/p/commodities-weekly-ai-disruptionr=zuj1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true https://open.substack.com/pub/oleshansen/p/commodities-weekly-ai-disruptionr=zuj1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true"
X Link 2026-02-13T13:35Z 79K followers, [----] engagements
"U.S. core and headline CPI rose 2.5% over the last [--] months"
X Link 2026-02-13T14:04Z 79K followers, [----] engagements
"@quantum_investo Not bearish at all. Long term bullish and actually impressed by its current performance. Main message right now is not to chase the market and be patient"
X Link 2026-02-13T19:32Z 79K followers, [---] engagements
"COT on #forex covering non-commercial positioning across eight IMM futures in the week to [--] February. Speculators sold the USD for a third consecutive week lifting the gross short by $2.4 bn to nearly $20 bn the largest non-commercial bet on a weaker dollar since last June"
X Link 2026-02-15T10:42Z 79K followers, [----] engagements
"#Commodities The Bloomberg Commodity Index is heading for a modest weekly decline of around 1% as Thursdays AI-disruption-driven risk-off tone dented risk appetite and triggered broad risk reduction from systematic and automated trading models. Losses have been most pronounced in energy led by natural gas (-8%) and gasoil (-3%). Industrial and precious metals have also softened with copper aluminium silver and platinum trading lower while gold is little changed supported by already light positioning and continued underlying demand. In contrast grains are enjoying a strong week up around 2% on"
X Link 2026-02-13T07:30Z 79K followers, 11K engagements
"COT on #commodities: The latest COT report covering managed money positioning in the week to Tuesday [--] February captures a period during which the Bloomberg Commodity Index traded broadly flat. Gains in crude oil gasoline gold and notably grains were offset by weaknesses across industrial metals including the semi-industrial precious metals silver and platinum as well as natural gas soft commodities and livestock. In energy crude oil buying extended to an eighth consecutive week albeit at a slower pace with the combined net long in Brent and WTI rising by 10.6k contracts to an eight-month"
X Link 2026-02-15T11:31Z 79K followers, [----] engagements
"#Bond bears are beginning to get squeezed as yield drops. This is what the leveraged fund position looked like across the US yield curve in wk to May 15"
X Link 2018-05-25T13:11Z 65.5K followers, [--] engagements
"Leveraged fund positions across the US yield curve in week to May 29: A relatively small reduction in bearish bets when considering the [--] bp top to bottom move in US T-notes since mid-May #bonds"
X Link 2018-06-03T14:16Z 65.5K followers, [--] engagements
"Funds rotated out of energy into metals and agriculture #commodities in the wk to May [--]. All six energy related futures contracts were sold not least crude #oil. Twelve out of the remaining [--] futures contracts covered in this were bought especially #gold and #sugar. #OOTT"
X Link 2018-06-03T14:37Z 65.8K followers, [--] engagements
"Sunset north of Copenhagen. Have a great weekend all"
X Link 2018-06-08T21:35Z 65.8K followers, [--] engagements
"A relatively quiet week in metals with #gold struggling to break away from $1300/oz ahead of the June [--] near certain US rate hike. #Silver showed signs of life with the XAUXAG ratio hitting a four months low"
X Link 2018-06-10T09:30Z 65.8K followers, [--] engagements
"#Gold stays glued to $1300 ahead of the expected seventh US rate hike in this cycle. Upside risk building on a dovish hike with open interest at a 6-mth low and the fund net-long close to a two-year low. The level to watch being $1308/oz"
X Link 2018-06-12T10:41Z 65.7K followers, [--] engagements
"Before the dovish #ECB surge the speculative dollar short against nine IMM currency futures had increased by 29% in the wk to June [--]. Exceptions being the EUR and not least MXN where bearish bets doubled as uncertainty about NAFTA weighed #forex"
X Link 2018-06-17T13:03Z 65.7K followers, [--] engagements
"COT: Dollar sold ahead of dovish ECB surge. In fixed income the overall short duration of #bonds held by leveraged funds were reduced for a fourth week #forex https://www.home.saxo/insights/content-hub/articles/2018/06/18/dollar-sold-ahead-of-dovish-ecb-surge https://www.home.saxo/insights/content-hub/articles/2018/06/18/dollar-sold-ahead-of-dovish-ecb-surge"
X Link 2018-06-18T09:28Z 65.8K followers, [--] engagements
"COT: Dollar strength on cont. CB divergence and trade fears helped trigger big changes in the positions held by funds in #forex and #commodities last week - #gold #oil #grains #EURUSD https://www.home.saxo/insights/content-hub/articles/2018/06/25/cot-dollar-strength-and-trade-fears-trigger-big-changes-across-forex-and-commodities https://www.home.saxo/insights/content-hub/articles/2018/06/25/cot-dollar-strength-and-trade-fears-trigger-big-changes-across-forex-and-commodities"
X Link 2018-06-25T08:13Z 65.7K followers, [--] engagements
"Following the biggest bullish shift on record the speculative dollar long against nine IMM currency futures climbed another 27% in the week to June [--]. Again the selling was broad-based with JPY and AUD being the two exceptions"
X Link 2018-07-01T11:20Z 65.7K followers, [--] engagements
"COT: In #forex the EUR long extended on Trump threat JPY short rose ahead of #BOJ while the short in CHF hit an 11-year high. Leverage funds added curve steepening trades seen in #bonds https://www.home.saxo/insights/content-hub/articles/2018/07/30/cot-eur-long-extends-on-trump-threat https://www.home.saxo/insights/content-hub/articles/2018/07/30/cot-eur-long-extends-on-trump-threat"
X Link 2018-07-30T07:46Z 65.7K followers, [--] engagements
"#Gold trades higher for a second day as the dollar rally looks tired with EUR JPY and CNY all trading higher. China is also said to push Yuan stability in meeting with banks (BBG). Funds holding a record net- and gross-short may blink but unlikely to worry before $1235/oz"
X Link 2018-08-08T07:24Z 65.8K followers, [--] engagements
"Danish crop harvest to fall 40% due to drought. May June and July offered the highest temperatures and driest conditions since records began in [----] #wheat #corn #rapeseed http://news.trust.org/item/20180809102914-mhoix/ http://news.trust.org/item/20180809102914-mhoix/"
X Link 2018-08-09T12:21Z 68.3K followers, [--] engagements
"The #SaxoStrats team went live this morning on #Facebook with our new Morning Call format covering the dramatic plunge in the Turkish lira as well as the reaction across other asset classes. #forex #stocks #commodities https://www.home.saxo/insights/content-hub/articles/2018/08/10/saxos-new-morning-call-goes-live https://www.home.saxo/insights/content-hub/articles/2018/08/10/saxos-new-morning-call-goes-live"
X Link 2018-08-10T10:51Z 65.8K followers, [--] engagements
"Short selling of stock market volatility continued with the CBOE #VIX Index net-short reaching 114k lots. This was the highest reading since last December before the blowup of short volatility ETNs back in early February #ES_F"
X Link 2018-08-12T11:45Z 65.8K followers, [--] engagements
"COT on #bonds #stocks and #VIX in the wk to Aug [--]. Leveraged funds made a small reduction in their short bond duration due to buying of 3-mth ED and T-bonds. The record short in 10-yr notes rose to 700k lots despite the continued drop in yields and flattening yield curve"
X Link 2018-08-26T13:02Z 65.8K followers, [--] engagements
"The #gold net-short hit a fresh record of 79k lots last week More than [--] times the previous record from Dec-15. The first signs buying was more than off-set by additional short-selling. The #silver short jumped by 26% but stayed well below the previous record from April"
X Link 2018-08-26T13:19Z 65.8K followers, [--] engagements
"Crude #oil was sold for third week with the combined Brent and WTI net-long falling by 31k to 664k lots an 11-month low. The change was driven by long liquidation in Brent (-16k) and fresh short selling in WTI (+15k). #OOTT"
X Link 2018-08-26T13:20Z 65.7K followers, [--] engagements
"In the week to Aug [--] leveraged funds increased bearish bond bets for a tenth consecutive week. This despite having seen the 0-yr Note yield stay range-bound between 2.8% and 3% during this time. #bonds #stocks #VIX"
X Link 2018-09-02T15:14Z 65.7K followers, [--] engagements
"Leverage fund selling across the US yield curve accelerated last week with the net-short duration hitting a fresh record. Driven by a 34% jump to 864k lots in 10-yr notes. #Bonds"
X Link 2018-09-09T12:46Z 65.7K followers, [--] engagements
"COT on #bonds #stocks and #VIX in week to September 4"
X Link 2018-09-09T12:46Z 65.7K followers, [--] engagements
"Speculators cut bullish dollar bets by $2.3 billion the most in almost six month during the wk to Sept [--]. Driven by short-covering in GBP and CHF and not least EUR which flipped back to positive after a net-purchase of 15k lots (1.9 billion) #forex"
X Link 2018-09-09T12:51Z 65.8K followers, [--] engagements
"COT: Dollar selling and a jump in the bond short were some of the key changes in speculative positions during the week to Sept. [--]. - #forex #bonds #stocks #VIX https://www.home.saxo/insights/content-hub/articles/2018/09/10/cot-dollar-sold-bond-short-jumps https://www.home.saxo/insights/content-hub/articles/2018/09/10/cot-dollar-sold-bond-short-jumps"
X Link 2018-09-10T08:42Z 65.8K followers, [--] engagements
"In #forex speculators cut their dollar long against nine IMM currency #futures by $1.6bn to $20.2bn. This the third weekly reduction was driven by a 40% increase in the EUR net-long together with short-covering in GBP and CHF"
X Link 2018-09-16T10:52Z 65.8K followers, [--] engagements
"COT on #bonds and #stocks in wk to Sept 18: Leveraged funds maintained a record short duration across the US yield curve. The record short in 10-year notes extended further while the steepening yield curve attracted some buying interest at the front"
X Link 2018-09-23T10:17Z 65.8K followers, [--] engagements
"Potentially a day where #gold's recent strength could be challenged. The comb. of a weaker Yuan and rising US yields after #FOMC minutes showed agreement on the need to raise rates further. Stock market weakness providing some support against these developments"
X Link 2018-10-18T05:30Z 65.8K followers, [--] engagements
"Saxo's Morning Call with @johnjhardy @petergarnry and @Ole_S_Hansen Focus: Ups and downs of the #equity market the decline in crude #oil the rally in #gold and how the Italian budget is pressuring the euro. #forex $CAT $TSLA https://www.home.saxo/insights/content-hub/articles/2018/10/24/morning-call-equities-off-lows-but-still-fragile-crude-oil-dips https://www.home.saxo/insights/content-hub/articles/2018/10/24/morning-call-equities-off-lows-but-still-fragile-crude-oil-dips"
X Link 2018-10-24T08:32Z 65.8K followers, [--] engagements
"#Gold - Today's Asian session saw #USDCNY near the crucial [----] level with the currency's positive correlation to gold now fading with the equities rout and renewed bond bid driving a renrewed safe haven bid for the yellow metal https://www.home.saxo/insights/content-hub/articles/2018/10/26/gold-is-finding-its-legs-even-against-cny https://www.home.saxo/insights/content-hub/articles/2018/10/26/gold-is-finding-its-legs-even-against-cny"
X Link 2018-10-26T08:14Z 65.8K followers, [--] engagements
"COT on fixed income in the wk to Oct [--] found that leveraged funds continued to cut their short exposure to the US yield curve. Short-covering in 10-year Notes and 10-year Ultras more than off-set selling at the front and far end of the curve #bonds $TY_f #COT"
X Link 2018-11-04T09:15Z 65.8K followers, [--] engagements
"#Sugar and #coffee continued to be bought despite some emerging profit taking in the Brazilian Real following last weekends Presidential election"
X Link 2018-11-04T09:22Z 65.8K followers, [--] engagements
"COT on #forex #bonds and #stocks covering wk to Oct. 30: $USD sees light buying while #MXN sells off. https://www.home.saxo/insights/content-hub/articles/2018/11/05/cot-usd-sees-light-buying-mxn-sells-off https://www.home.saxo/insights/content-hub/articles/2018/11/05/cot-usd-sees-light-buying-mxn-sells-off"
X Link 2018-11-05T09:39Z 65.8K followers, [--] engagements
"In the wk to Nov. [--] money managers were net sellers of bonds across the yield curve. The net-short in 2's and 5's both extended to fresh records. The DV01 which measures the dollar value of a [--] basis point move jumped by $9.5 million to $252 million a six-week high. #bonds"
X Link 2018-11-11T11:41Z 65.8K followers, [--] engagements
"The crude #oil slump which extended into a fifth week continued to attract long liquidation and fresh short-selling from hedge funds. Nine weeks of continued selling has resulted in the WTI net-long reaching a 14-month and Brent at 16-month low #OOTT"
X Link 2018-11-11T12:10Z 65.7K followers, [--] engagements
"COT on #forex #bonds and #stocks covering week to Nov. 6: Euro sellers rewarded as $USD rally picks up speed. Funds sold bonds across the U.S. curve https://www.home.saxo/insights/content-hub/articles/2018/11/12/euro-sellers-rewarded-as-dollar-rally-picks-up-speed https://www.home.saxo/insights/content-hub/articles/2018/11/12/euro-sellers-rewarded-as-dollar-rally-picks-up-speed"
X Link 2018-11-12T09:37Z 65.8K followers, [--] engagements
"The rout in crude #oil last Tuesday triggered a 54k lots reduction in the combined net-long to just 380k lots a 17-month low. The reduction was driven by long-liquidation in #Brent (-32k) and short-selling in #WTI (+10k). #OOTT"
X Link 2018-11-18T09:22Z 65.7K followers, [--] engagements
"Breakdown of who held what futures positions along the US yield curve during the week to Nov. [--] #bonds $TY_f"
X Link 2018-11-27T11:26Z 65.8K followers, [--] engagements
"COT on fixed income in wk to Nov [--]. Leveraged funds were net-buyers across the yield curve with 5s being the exception. This in response to falling yields as crude oil plunged and the market reduced expectations for Fed rate hikes next year"
X Link 2018-12-02T08:45Z 65.7K followers, [--] engagements
"The non-commercial $USD long against nine IMM currency #futures reached a fresh 3-year high of $32bn in the week to December [--]. Most extended against JPY EUR and GBP #forex"
X Link 2018-12-12T08:30Z 65.5K followers, [--] engagements
"COT on 3-mth $ED futures in wk to December 11: Record-breaking volumes resulted in the fund net-short falling to just 800k lots a 26-months low. The week covered a soft jobs report and the subsequent rally resulted in much of the [----] rate hike premium being eroded"
X Link 2018-12-16T13:54Z 65.7K followers, [--] engagements
"COT: $USD longs reduced as #FOMC rate hike premium erodes https://www.home.saxo/insights/content-hub/articles/2018/12/17/cot-dollar-longs-reduced-as-rate-hike-premium-erodes https://www.home.saxo/insights/content-hub/articles/2018/12/17/cot-dollar-longs-reduced-as-rate-hike-premium-erodes"
X Link 2018-12-17T09:44Z 65.8K followers, [--] engagements
"A breakdown of who is holding the positions across the US yield curve ahead of #FOMC - #bonds #futures #COT"
X Link 2018-12-17T10:25Z 65.8K followers, [--] engagements
"Rate hike or not Besides the unhealthy pressure from Trump to pause the #FOMC only needs to take a look at this to justify such a decision. #Oil #OOTT"
X Link 2018-12-19T11:58Z 65.7K followers, [--] engagements
"#Gold crude #oil and #copper put in different responses to last night's US rate hike but given the Fed's unexpectedly hawkish tone what's the outlook like for these three bellwether #Commodities in the months ahead https://www.home.saxo/insights/content-hub/articles/2018/12/20/the-fomc-rate-hike-and-the-commodity-reaction https://www.home.saxo/insights/content-hub/articles/2018/12/20/the-fomc-rate-hike-and-the-commodity-reaction"
X Link 2018-12-20T12:20Z 65.7K followers, [--] engagements
"Replay of our Morning Call with focus on key risk events this week from Brexit "Plan B" vote #FOMC and US-China #tradetalks . Weak earnings from $CAT and $NVDA both highlighting the current risks to growth. Also #oil and #gold Link: https://bit.ly/2TfKz7q https://bit.ly/2TfKz7q"
X Link 2019-01-29T09:42Z 65.8K followers, [--] engagements
"COT on #commodities in wk to Feb [--]. (Another two weeks before the #CFTC will be up to date). #Gold and #silver bought despite weaker post-FOMC price action. #Copper short reduced by 55% while #WTI saw fresh short selling after just [--] weeks of buying"
X Link 2019-02-24T10:41Z 65.8K followers, [--] engagements
"Great February for energy (excl. #NatGas) nickel #copper and PGM's. Not so for most #agriculture commodities led by #wheat #coffee and cotton"
X Link 2019-02-28T14:15Z 65.8K followers, [--] engagements
"Dismal start to the year for #agriculture #commodities. Hedge funds held net-short in all but soybean oil and live cattle (in wk to Feb. 26)"
X Link 2019-03-08T08:57Z 65.8K followers, [--] engagements
"COT on #bonds in wk to March 12: Leveraged funds were buyers across the curve but overall maintained a short position in all durations apart from $ED where the net-long jumped to the highest since Oct. 2015"
X Link 2019-03-17T10:04Z 65.7K followers, [--] engagements
"Speculators cut bullish bets on #commodities by 38% to 308k lots a fresh three-year low in wk to Mch [--]. Broad-based across both metals and agriculture while the energy sector continued to enjoy the tailwind of tightening supply and the positive correlation to rising equities"
X Link 2019-03-17T10:34Z 65.7K followers, [--] engagements
"Speculators resumed selling of #bonds in wk to Mar [--]. This ahead of dovish FOMC which triggered the biggest weekly yield drop in US 10-year Notes since June [----]. Selling occurred across the curve with a small amount of short-covering in 10s and [--] Ultras being the exceptions"
X Link 2019-03-24T13:16Z 65.8K followers, [--] engagements
"Short-selling of the #Cboe #VIX future jumped by 44% to 128k lots a five-month high. The combination of falling volatility until last Friday and the futures curve trading in contango helped attract additional short selling"
X Link 2019-03-24T13:16Z 65.7K followers, [--] engagements
"The non-commercial $USD long against nine IMM currency futures was reduced by $1.1 billion to $25.4 billion in wk to Mar [--]. While currencies such as EUR JPY and CAD were sold ahead of the FOMC meeting speculators cut short bets on GBP by 62% to a nine-month low. #forex #Brexit"
X Link 2019-03-24T13:19Z 65.8K followers, [--] engagements
"The $MXN net-long reached a six-year high and remains the second biggest long after the dollar. Buying of Ruble one of the best performing currencies this year raised the net-long to a 28-month high #forex"
X Link 2019-03-24T13:19Z 65.8K followers, [--] engagements
"Gold struggles with two of three main engines sputtering. Prices may be supported by lower #bond yields and US rate cut expectations but #equities and $USD need to fall in line as well for gold to rally. https://www.home.saxo/insights/content-hub/articles/2019/03/28/gold-struggles-with-two-of-three-main-engines-sputtering https://www.home.saxo/insights/content-hub/articles/2019/03/28/gold-struggles-with-two-of-three-main-engines-sputtering"
X Link 2019-03-28T12:04Z 65.5K followers, [--] engagements
"What do plunging #coffee prices mean for #Starbucks @petergarnry and I take a look at both. #KC_f $SBUX https://www.home.saxo/insights/content-hub/articles/2019/04/03/starbucks-reaching-limit-of-arabicas-decline https://www.home.saxo/insights/content-hub/articles/2019/04/03/starbucks-reaching-limit-of-arabicas-decline"
X Link 2019-04-03T13:30Z 65.7K followers, [--] engagements
"#Gold and #silvers appeal as safe haven continued to fade in response to rising stocks bond yields and the dollar. The net-long in gold was cut in half to just 39k contracts a ten-week low while the out of favor silver saw a return to a net-short"
X Link 2019-04-07T11:34Z 65.7K followers, [--] engagements
"Speculators kept an almost unchanged $USD exposure near a 13-month low against ten IMM #forex futures in wk to July [--]. Cont. selling of GBP and renewed selling of EUR and JPY following the strong US job report were off-set by CAD AUD NZD and not least MXN buying"
X Link 2019-07-14T08:02Z 65.7K followers, [--] engagements
"COT: Continued selling of #agriculture #commodities drove the overall fund long to a record low last week. Precious metals bought ahead of the correction while the #oil long held steady - #OOTT #gold #copper #sugar https://www.home.saxo/insights/content-hub/articles/2019/09/09/cot-cmd-0909 https://www.home.saxo/insights/content-hub/articles/2019/09/09/cot-cmd-0909"
X Link 2019-09-09T08:48Z 65.7K followers, [--] engagements
"Crude #oil has taken out resistance and as the market likes round numbers #Brent is now aiming at $65 and #WTI at $60. Driven by general 'risk on' with US-China trade hostilities on hold until Q4 and the belief the Saudis will do more to support the price #OOTT"
X Link 2019-09-10T06:09Z 65.8K followers, [--] engagements
"#WTI and #Brent #oil were both sold as the #AramcoAttack surge cont. to deflate with the focus returning to the trade war and demand concerns. The combined net-long dropped below pre-attack levels to 468k lots. Biggest change was a one-third jump in WTI short selling. #OOTT"
X Link 2019-09-29T11:30Z 65.7K followers, [--] engagements
"Commitments of Traders report covering week to October 15: #Oil and #gold longs cut with #agriculture #commodities still in demand. https://www.home.saxo/insights/content-hub/articles/2019/10/21/cot-cmd-1021 https://www.home.saxo/insights/content-hub/articles/2019/10/21/cot-cmd-1021"
X Link 2019-10-21T08:13Z 65.8K followers, [--] engagements
"Speculators increased their #VIX futures net-short by 17k lots to a RECORD 188k lots in the wk to Oct. [--]. During the past month the #SPX rally has helped widen the contango thereby fueling short-selling strategies though futures and inverse ETFs $SVXY and $XIV"
X Link 2019-11-02T10:51Z 65.7K followers, [--] engagements
"The speculative $USD long against ten IMM #forex futures continued to drop during the week to Oct. [--]. This time by $2.5 billion to $12.6 billion a seven-week low. Small selling of #EUR and #JPY was more than off-set by continued short-covering in #GBP and #AUD"
X Link 2019-11-03T07:27Z 65.7K followers, [--] engagements
"Tariffs roll back or not created a very volatile week for #gold and #silver. Before Thursdays slump the net longs in both had been cut primarily through fresh short selling. The gold net-long was lowered by 1% while the gross short jumped by 15% to 31k lots a 22-week high"
X Link 2019-11-10T12:39Z 65.8K followers, [--] engagements
"#Gold is being challenged as a #tradedeal looms. The recent rise in #bond yields have cut the total amount of neg yielding debt to $11.6 trillion a one-third reduction since the August [--] peak. The improved outlook has also led to a reduction in U.S. rate cut expectations"
X Link 2019-11-10T13:09Z 65.7K followers, [--] engagements
"#OPEC remains challenged in [----] with the three major forecasters still projecting a significant gap between rising non-OPEC supply and steady demand. The @IEA in its OMR just out said that OPEC is pumping 1.7m b/d more than will be needed during the first half of [----]. #OOTT"
X Link 2019-11-15T09:08Z 65.7K followers, [--] engagements
"The New York FED's Nowcast GDP growth for 2019Q4 has dropped to 0.39% from 2% two months ago. Yet the probability of a January rate cut is priced at just 20% #gold #bonds Chart source: Bloomberg"
X Link 2019-11-21T08:30Z 65.7K followers, [--] engagements
"The S&P500 trades unchanged ahead of Nov. Consumer Confidence at [----] GMT $ES_F $SPX $SPY"
X Link 2019-11-26T14:40Z 65.7K followers, [--] engagements
"Blue sky over Copenhagen ☀. Almost forgotten what it looked like after weeks of rain and grey"
X Link 2019-11-30T13:10Z 65.7K followers, [--] engagements
"China responds while the $CNY the #tradetalks proxy trades up to a near five-week high. Tweets via @LiveSquawk"
X Link 2019-12-04T07:50Z 65.7K followers, [--] engagements
"#Gold was bought as the market challenged resistance at $1480/oz a level that subsequently failed to hold following on #tradetalks and economic data news. The net long rose by 10% to 227k some 22% below the October record. Long liquidation cut the #silver long by 8%"
X Link 2019-12-08T13:31Z 65.8K followers, [--] engagements
"Crude #oil was sold ahead of Fridays OPEC+ meeting. A meeting which controlled by the Saudis ended up supporting prices and the desired $2T Aramco valuation. The combine net-long in WTI and Brent was cut by 66k lots after funds added 103k lots the previous week. #OOTT"
X Link 2019-12-08T13:39Z 65.5K followers, [--] engagements
"The non-commercial #JPY short against the $USD was 26k lots in wk to Feb [--]. When USDJPY peaked above [---] last April the net-short was almost 4x at 100k lots #forex #USDJPY"
X Link 2020-02-20T08:38Z 65.7K followers, [--] engagements
"The weekly flows in #forex futures until February [--] were heavily geared towards continued selling of #EUR and #JPY. The speculative $USD long against ten IMM futures and the #DXY jumped 50% to $20.6bn. This before a #VIX spike and tanking stocks triggered deleveraging"
X Link 2020-03-01T12:13Z 65.7K followers, [--] engagements
"COT on IMM #forex futures in wk to February 25: $USD longs jump ahead of the slump #EUR #JPY #GBP #CAD #AUD #NZD #MXN https://www.home.saxo/content/articles/forex/cot-dollar-longs-jump-ahead-of-slump-02032020 https://www.home.saxo/content/articles/forex/cot-dollar-longs-jump-ahead-of-slump-02032020"
X Link 2020-03-02T07:27Z 65.7K followers, [--] engagements
"#Coffee trades higher for a second day with the next level of resistance at $1.20/lb. The recovery being fueled by fund short-covering despite continued #BRL weakness currently hitting a fresh record low at $4.50"
X Link 2020-03-02T15:05Z 65.7K followers, [--] engagements
"#Crudeoil take note: $GM has made close to $50 bn in adjusted net income over the past five years while Tesla Inc. has lost close to $5 bn. Now GM claim to have a new #Battery which is the Android-style antidote to Teslas iPhone via @business https://www.bloomberg.com/news/articles/2020-03-06/gm-says-its-battery-is-the-android-style-antidote-to-tesla-s-iphone https://www.bloomberg.com/news/articles/2020-03-06/gm-says-its-battery-is-the-android-style-antidote-to-tesla-s-iphone"
X Link 2020-03-06T08:38Z 65.7K followers, [--] engagements
Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing