Nickel just exploded. What's your next commodity to pop? I have OTM SLV call spreads, just in case. Took profits in platinum but will re-enter on a pull back.
Several hedge funds spawned by Julian Robertson’s investment firm Tiger Management have sustained steep losses in recent months, after big falls for US tech stocks in which many of them held stakes. A group of so-called “Tiger Cubs” including Chase Coleman’s $90bn-in-assets Tiger Global, Philippe Laffont’s Coatue Management and Glen Kacher’s Light Street Capital have backed a similar cohort of companies including Peloton Interactive, Zoom and Block, according to analysis by the Financial Times. Such businesses were big winners in the early stages of the pandemic. But some, including Peloton, have fallen sharply from their highs as investors question their appeal in a post-lockdown world. Some more established tech names popular among the cubs, such as Amazon and Microsoft, have also fallen recently. Expectations that interest rates will rise this year — particularly in the US — have also dealt a blow to more speculative companies whose large expected future profit streams are flattered by low borrowing costs. The Tiger Cubs “were buying growth today and tomorrow but the earnings weren’t there in some of the stuff they were buying”, said Dixon Boardman, chief executive of Optima Asset Management, who has previously worked with Robertson. “For ‘jam tomorrow [companies]’, it’s been a wicked, wicked punishment all round.” Share falls across the technology sector have caught out a number of the cubs, for whom once high-flying performance records tipped into reverse at the end of last year and into 2022. “It’s been brutal,” said one hedge fund industry insider. There had been “massive amounts of pain”, the person said. Tiger Global lost 7.5 per cent last year and a further 14.8 per cent in January, while Steve Mandel’s Lone Pine, another cub, fell 7 per cent last year and a further 10 per cent in January, say people who had seen the numbers. Light Street fell 26 per cent last year and 15 per cent in January The cubs, some of whom rank among the top-performing hedge funds of all time, have at times drawn criticism for significant overlap in their portfolio positions.
If Gold keeps going up, I would expect Silver at some point to play catch up and then some. Current GSR is about 78. That could easily fall to 50 if Silver takes off. https://www.macrotrends.net/1441/gold-to-silver-ratio
my friend works at that broker desk in HK. He said the client cannot pay up and is nowhere to be found
Testing the former resistance now support area on the weekly chart. I'll watch it the next few days. Don't really like that is broke the double top to the left and dropped below.