MacroTourist @Gloeschi profile

MacroTourist

@Gloeschi

Followers

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Following

2,620

Media

9,633

Statuses

56,677

CIO of LIM. This is NOT investment advice. Would love for you to disagree with me and engage in discussion. All crypto spam reported and blocked.

https://t.co/aaGVwacbam

New York / Munich

Joined May 2009

Don't wanna be here? Send us removal request.

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MacroTourist

@Gloeschi

2 years

Here is a simple cheat sheet for #gold traders:

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MacroTourist

@Gloeschi

5 months

@WallStreetSilv ok, I changed my mind - ban TikTok

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MacroTourist

@Gloeschi

5 years

@fox6now @AllThatIsSolid Iran did it

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MacroTourist

@Gloeschi

4 years

Updated #gold price model: fair price now 8,900 (vs. 8,300 last September)

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MacroTourist

@Gloeschi

5 years

"We're gonna need a bigger repo"

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MacroTourist

@Gloeschi

4 years

" #Gold is doomed" - Matt O'Brien, WaPo, July 25, 2015, $1,097 "A bet on gold is a bet that people in charge don't know what they are doing"

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MacroTourist

@Gloeschi

7 years

@edhornick @IvanTheK @Isikoff I heard Dr. Bornstein also practices law, so DJT is all set

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MacroTourist

@Gloeschi

6 months

Who did this #gold #Bitcoin

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MacroTourist

@Gloeschi

2 years

JM Bullion sold out of American Eagle #silver coins - even at 90% premium over spot. First time I am seeing this (at least for 2022)

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MacroTourist

@Gloeschi

4 years

Shit just got real. #COMEX June #gold delivery notices now up to 42,016 (= 131 tonnes), up from 10,277 (= 32 t) last week! Time to fly in more bars from Switzerland!

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MacroTourist

@Gloeschi

3 years

Look at that. $SLV down 200 tonnes of #silver this month while $PSLV up 199 tonnes

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MacroTourist

@Gloeschi

3 years

#COMEX March #silver delivery notices issued now at 1,801 tonnes (+68 vs. yesterday), second-highest ever

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MacroTourist

@Gloeschi

2 years

Maybe the fact 15/19 hijackers were Saudi could have given a hint

MuddyWatersResearch

@muddywatersre

2 years

There is recently obtained that evidence that the Saudi govt was in on the 9/11 attack - this is a HUGE story that just broke in @BusinessInsider

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MacroTourist

@Gloeschi

5 years

Updated #gold price model yields 'fair' value of $8,349 per ounce. Based on correlation with real interest rate 1979 - 2009 h/t to @EddyElfenbein

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MacroTourist

@Gloeschi

2 years

@MacroAlf

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MacroTourist

@Gloeschi

2 years

#COMEX Mach #silver delivery notices issued 10,573 = 52.865moz = 1,644 tonnes, second-highest ever

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MacroTourist

@Gloeschi

9 years

If #Troika thought #Varoufakis was difficult, good luck with the new finance minister http://t.co/LX0ilYC6qz

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MacroTourist

@Gloeschi

5 years

@PhilipinDC if you squint you can actually see Loch Ness wandering through the image

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MacroTourist

@Gloeschi

4 years

$GLD shed 4 tonnes of #gold today 2/9 $SLV shed 49 tonnes of #silver and went from 0.6% premium to NAV to 1.5% discount $PSLV added 9 tonnes of #silver , 5th day in a row of addition

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MacroTourist

@Gloeschi

5 years

@CGrantWSJ Short-burn of the century coming - WeWork will acquire $TSLA to fill empty floors with cars

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MacroTourist

@Gloeschi

4 years

#Gold to #oil ratio hit 100 tonight. The old promise to #Saudi ("You don't have to buy gold, we will make sure the value of your oil is stable in terms of gold") is broken, and thoroughly so.

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MacroTourist

@Gloeschi

9 years

Before today's #EuroGroup meeting http://t.co/UKLWfNHeye

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MacroTourist

@Gloeschi

5 years

#Gold net purchases / sales by #CentralBanks ; you can clearly see the moment they started having second thoughts about the state of the fiat system

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MacroTourist

@Gloeschi

5 years

I hate those spam calls from boiler room brokers

Donald J. Trump

@realDonaldTrump

5 years

STOCK MARKET AT ALL-TIME HIGH! HOW ARE YOUR 401K’S DOING? 70%, 80%, 90% up? Only 50% up! What are you doing wrong?

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MacroTourist

@Gloeschi

3 years

This is why you don't put x-mas lights on palm trees

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MacroTourist

@Gloeschi

4 years

#USMint February American Eagle precious metal coin sales: #Gold 125,500 oz +1,693% (!) #Silver 3,191,500 oz +391%

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MacroTourist

@Gloeschi

4 months

Ok, if my theory is correct, this should send #gold to the moon

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MacroTourist

@Gloeschi

4 years

Wowzer! $GLD added 23 tonnes of #gold today 6/19, largest increase since 6/21/2019 (35 tonnes).

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MacroTourist

@Gloeschi

2 years

Another 35 tonnes of #COMEX March #silver delivery notices issued 3/9 for total of 1,463 tonnes now

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MacroTourist

@Gloeschi

7 years

@ianbremmer why the "quotation marks"?

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@Gloeschi

3 years

#LBMA came out claiming than a 'data submission error' led them to report a 3,863-tonne increase in #silver stocks in March; actual number was 561. So data comes in 5x higher than previous record and you don't double check accuracy? Riiiiight...

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MacroTourist

@Gloeschi

7 years

Impact of this cannot be overstated: savings in #cryptocurrency like #Bitcoin do NOT require any debt to be created. Disinflationary! Savers' heaven, debtor's hell!

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MacroTourist

@Gloeschi

6 years

Just found this gem from 2 years ago: Citi predictions in case Trump won ( $SPX closed 2,140 on election day)

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MacroTourist

@Gloeschi

4 years

$GLD shed another 4 tonnes of #gold today 2/24 $PSLV added another 46.7 tonnes of #silver , 15th consecutive increase in holdings $SLV no change

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MacroTourist

@Gloeschi

4 years

#USMint today 2/23 sold American Eagle coins as follows: #gold today: 5,000 oz month-to-date: 123,500 oz Feb'2020: 7,000 #silver today: 390,500 oz month-to-date: 3,191,500 Feb'2020: 650,000

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MacroTourist

@Gloeschi

7 years

This time we are totally going to believe you #Syria #Iraq #WMD

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MacroTourist

@Gloeschi

4 years

Updated #gold price model shows fair value of $10,050 per ounce. The increase is driven by negative short-term interest rate of -1.3%, which is 3.3%-point below the +2% threshold for a stable gold price.

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MacroTourist

@Gloeschi

4 years

Finally, ratio of open interest to registered warehouse levels in #gold and #silver ... the times where futures could dominate price with little physical #gold are over

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MacroTourist

@Gloeschi

9 months

November clocks in with $2.37 trillion in gross US #Treasury issuance - an increase of eye-watering 87% over November '22:

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MacroTourist

@Gloeschi

4 years

#COMEX #gold June delivery notices now 52,010 (+1,541 vs. yesterday), equivalent to 162 tonnes. Caramba!

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MacroTourist

@Gloeschi

3 years

$SLV lost another 58 tonnes of #silver today 6/23 while $PSLV gained another 22 tonnes

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@Gloeschi

1 year

#COMEX June #silver futures open interest fell to 114k contracts or 17,745 tonnes, lowest level since at least 2013:

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MacroTourist

@Gloeschi

5 years

$GDX -5%, $GDXJ -6%... on unchanged #gold ? Are you kidding me?

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MacroTourist

@Gloeschi

5 years

@simongerman600 their GPS was clearly drifting

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MacroTourist

@Gloeschi

2 years

#Eurodollar #futures #yield curve down up to 30 bps compared to week ago. Market still convinced Fed is making policy mistake, will be forced to pause, then reverse by March 2023 latest.

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MacroTourist

@Gloeschi

6 years

#COMEX warehouses registered #gold from 2.5 moz to 145k oz.... scraping the bottom of the barrel... LOL

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MacroTourist

@Gloeschi

7 years

Scaramoucci on his way to the NEW YORKER offices with knife - sources

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MacroTourist

@Gloeschi

6 years

@Ocasio2018 @pierpont_morgan $1,000's is for amateurs - they are in for millions

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MacroTourist

@Gloeschi

4 years

So #gold tantrum because 10-yr Treasury went from 0.58% to 0.66%. Wow, so much real yield, I am shaking in my boots. Anyway, #COMEX August delivery notices up at 47,751 = 149 tonnes (+5 vs. yesterday). Good luck!

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MacroTourist

@Gloeschi

7 years

Saw first t-shirt "I have survived 12 days without new all-time-high" $SPX

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MacroTourist

@Gloeschi

2 years

#COMEX #silver registered warehouse levels down to 1,206 tonnes, a far cry from the 4,600 seen in January 2021

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MacroTourist

@Gloeschi

4 years

$GLD found another 4.68 tonnes of #gold today 5/5

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MacroTourist

@Gloeschi

9 years

Janet Yellen, enjoying a piece of cake for the #Fed 's 115th anniversary, vowed to raise rates later in 2028

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MacroTourist

@Gloeschi

3 years

#Gold price model update (end of April): US 3-month interest rate: 0.02% US inflation: 4.15% Real rate: -4.13% Difference to positive 2% = 6.13% Multiplier 6.5 = 39.9% Per month = 3,33% Fair price end March = $11,240 Fair price end April = $11,613

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MacroTourist

@Gloeschi

9 years

#ShitManagementSays

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MacroTourist

@Gloeschi

3 years

#COMEX March #silver : another 152 tonnes of delivery notices issued 3/8

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MacroTourist

@Gloeschi

4 years

#Gold delivery notices issued at #COMEX in August ended up at 152 tonnes, compared with 27 tonnes a year ago:

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MacroTourist

@Gloeschi

2 years

"There is absolutely no reason to panic"

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MacroTourist

@Gloeschi

4 years

#USMint today (2/11) sold a smooth 25,000 American Eagle #gold coins, bringing the total for the month to 96,000. Zero #silver (sold out, I assume)

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MacroTourist

@Gloeschi

10 months

@TaviCosta Treasury auctions off $10-20 trillion each year. 85% of all Treasury debt has maturity <1 year. 8 trillion is a lot, and the fiscal deficit situation is not pretty, but let's keep things in perspective.

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MacroTourist

@Gloeschi

5 years

@Baddiel @mehdirhasan In an act of passive-aggressive behavior, Melania tumble-dried DJT's jacket on "high"

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@Gloeschi

2 years

Premium of American Eagle #silver 1oz coin over spot price as quoted by JM Bullion

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@Gloeschi

6 months

#LBMA finally out with February vault data. "Held in London vaults" were: #Gold 8,562 t (-73) #Silver 25,319 t (-1,009)

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MacroTourist

@Gloeschi

3 years

Free Rudy Havenstein @RudyHavenstein

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@Gloeschi

3 years

#Swiss March #gold exports 134 tonne (+40% y/y). By destination: 1. #India 83t (7t March'20) 2. #China 9t (0) 3. #Thailand 8 (1) 4. #Singapore 7 (3) 5. #Germany 5 (17) 6. #Turkey 4 (12) India is back, baby, with largest import since at least 2014. China = tiny.

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@Gloeschi

1 month

Gone are the days of 300:1 ratio of open interest to registered warehouse levels in #gold :

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MacroTourist

@Gloeschi

2 years

@MacroAlf "Hike in May and go away" - old Chinese saying

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MacroTourist

@Gloeschi

6 years

#TSA

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MacroTourist

@Gloeschi

5 years

April was second month this year where delivery notices exceeded registered #gold at #COMEX

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MacroTourist

@Gloeschi

3 years

@TheStalwart @boes_ @NathanTankus ... and this is how US inflation would look like ex everything

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MacroTourist

@Gloeschi

5 months

Who did this. OGZ4 = #Gold December 2024, strike $10,000, open interest = 1,286 calls

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MacroTourist

@Gloeschi

4 years

#Swiss May #gold exports to #US rose to record 126 tonnes, making up 89% of all Swiss gold exports

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MacroTourist

@Gloeschi

3 years

Quiet on the #gold #ETF front today $PHYS increased units outstanding by 71,400, but no change in number of ounces held $SLV resumed bleeding #silver ; lost almost 35 tonnes today 4/15 despite strong spot trading $PSLV added another `19 tonnes

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MacroTourist

@Gloeschi

4 years

#COMEX #silver delivery notices issued for March now 1,453 tonnes, shaping up to be a big one. Record was 2,690 tonnes last July (not pictured)

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MacroTourist

@Gloeschi

3 years

Someone has been taken to the cleaners $VIAC $DISCA $BIDU $IQ $YY $TME $VIPS $FTCH

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MacroTourist

@Gloeschi

2 years

According to #LBMA , precious metal held "in London vaults" at end of October: #Gold 9,308t -135 m/m #Silver 26,502t -599 m/m Gold decline highest in time series

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MacroTourist

@Gloeschi

4 years

"We need more #gold over here" August setting up to be month of highest delivery notices issued at #COMEX second to June

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MacroTourist

@Gloeschi

7 years

@BuzzFeedNews literally

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MacroTourist

@Gloeschi

5 years

@USNavyEurope @cnni @USEmbRuPress @USEmbRu @USApoRusski @USNATO @US_EUCOM gunboat diplomacy, literally

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@Gloeschi

4 years

#USMint precious metal coin sales first 11 days of 2021 versus entire January 2020: #Gold 81,000 oz (34,000) #Silver 4,646,000 oz (2,298,000)

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MacroTourist

@Gloeschi

5 months

Satoshi's genesis #Bitcoin wallet has become active since March, with small amounts of fees being added. Any idea what's going on?

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MacroTourist

@Gloeschi

8 years

There's only one man who could stop this rally. #Gartman

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MacroTourist

@Gloeschi

6 years

@NY1 His hairdresser's name is "Sharpie"

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MacroTourist

@Gloeschi

4 years

$SLV now holds more than 1/3 of global above-ground stock in #silver . Corresponding number for $GLD and #gold is 0.7%

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MacroTourist

@Gloeschi

4 years

Look at change in #COMEX #gold warehouse levels - up close to 900 tonnes. That's more than a quarter of global annual gold production. LOL.

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MacroTourist

@Gloeschi

7 years

#Russia just meddled in our stock market $SPX

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MacroTourist

@Gloeschi

4 years

#Brazil adventures in fiat currency since 1916. Extremely difficult to find such charts online, basically have to make your own. Most academic papers show inflation rates only. #Inflation may go away, but #devaluation doesn't. Destruction of savings more tangible like this:

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MacroTourist

@Gloeschi

4 years

#COMEX June #gold delivery notices now 35,736 (= 111 tonnes), up from 28,375 (= 88 tonnes) last Friday! Booyakashah!

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MacroTourist

@Gloeschi

5 years

@TiloJung is he going to be okay?

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MacroTourist

@Gloeschi

2 years

American Eagle #silver coin premium over spot reaches 72%

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MacroTourist

@Gloeschi

6 years

$LUMBER down more than 50% since May

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MacroTourist

@Gloeschi

3 years

The Exchange Stabilization Fund is a slush fund of the US #Treasury . Initially funded with $2 billion profit from the confiscation and revaluation of #gold in 1934 it has grown to over $200 billion now. No congressional oversight. SDR allocation boosted balance sheet in Q3:

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MacroTourist

@Gloeschi

1 year

#COMEX April #gold delivery notices issued coming out of the gate pretty strong with 1.9moz or 60 tonnes:

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MacroTourist

@Gloeschi

4 years

Whoopsie, another 6 tonnes of #gold added to COMEX June delivery notices. Now at record 141 tonnes. 40,000 out of the 45,000 is JPM

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MacroTourist

@Gloeschi

10 months

@TaviCosta Nobody claimed everything was peachy keen. But if you are waiting for an auction to fail you are waiting for Godot. Primary Dealers will absorb, and Fed will feed them via PDCF. I don't think the Treasury market is the breaking point; the currency is.

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MacroTourist

@Gloeschi

6 years

We are entering the "making fun of #Bitcoin hodlers" phase now

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MacroTourist

@Gloeschi

2 years

@profitsplusid @FChristopher17 @PalisadesRadio This should never happen (since new shares can always be created by AP's in exchange for silver). So an indication of physical tightness. Data from iBorrow seems to concur.