chrisklein
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chrisklein
trading commodities since...a very long time
163Posts
136Comments
304Likes
Joined on 29th October 2025
Monaco
I have been warning people for months. Commodities are about to resume the second leg of their rally. The Bloomberg Commodity Index broke out when it closed last month (Oct 31) at 107,30. It is now at 110 and rising
While Gold and silver seem to gain some footing after about 10 days of corrective action, looking at their respective volatility (GVZ and VXSLV), it seems that both metals need to consolidate before resuming their inexorable ascend. Ideally, you want to see GVZ at 21/20 and VXSLV at 30 or lower. They closed yday at 24.03 and 38.24 respectively