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Mon, 26th June 2017

Anirudh Sethi Report

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Archives of “May 2, 2017” Day

Crucial Update for SILVER ,BASE METALS

SILVER ALERT

As Expected it’s Bloodbath…………..Tons of Money minted !!

Yes ,Not only in SILVER ,GOLD too melted like ICE

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Bitcoin, Ethereum Hit New All Time Highs Amid Buying Frenzy, Liquidity Squeeze

The price of Bitcoin accelerated its recent exponential trend higher, soaring to daily all-time highs over the past few days, rising above $1,300 on Friday, then pushing $1,400 on Monday, and even above $1,500 on the second-largest BTC exchange, and was last trading just above $1,460 on Coinbase amid a buying frenzy attributed to speculative investment across the cryptocurrency sector, coupled with liquidity problem at some exchanges which were having problems processing fiat-based transactions.

Nikkei 225 closes up +0.7% at 19,445.70

Japanese equities firmer with weaker yen again 2 May

  • high 19464.30
  • low 19335.o2
  • Topix +0.68% at 1550.30
  • USDJPY 112.07 having finally breached 112.00 right on the close

Expect more offers/res at 112.20, 112.35 and 112.50. Bids demand 111.80-85

Citi Issues An Alert On Its Most Popular Index

Citi’s US Economic Surprise Index went negative late last week, but after this morning’s data, it has collapsed to the lowest level since Oct 2016.

This is the biggest crash in US Macro data in 6 years…

And Citi is worried:

“After a weak Q1, downside misses in economic data this week have a heightened capability to trigger a reassessment of the whole growth trajectory.”

Who could have seen this coming? ‘Soft’ Data has tumbled to 3-month lows…