Silver & USD House of Cards
Silver's reflationary status is also shared by copper—known as the PhD in Economics for its close relation with the economic cycle -- but silver is considered as macro-driven as well as more speculative in nature. The reflation trade may get more wind in its sail if US crude closes above $42, which it currently seems to do.
Equity traders shift to this evening's earnings from Tesla and Microsoft, with an eye on number of deliveries and the extent of earnings losses for the former; and cloud services sales for the latter.
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