Ole S Hansen @Ole_S_Hansen Twitter profile

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Ole S Hansen

@Ole_S_Hansen

3 years

Here is a chart I haven't looked at for a while but interesting to see whether history can repeat itself. #Gold has bounced strongly on several occasions since 2014 when the price moved 10% below its 200-day MA. Chart source: @business

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Ole S Hansen

@Ole_S_Hansen

4 years

I'm normally a very calm person but Trump just created a sh-show in the #oil market which many will loose from. That false rally just sucked in a lot of fresh retail money from traders desperate join the uptrend. It will come but not yet. #OOTT

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Ole S Hansen

@Ole_S_Hansen

3 years

The spike in real yields to an 8-month high has brought the relation between #yields and #gold back in line.

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Ole S Hansen

@Ole_S_Hansen

2 years

Members of the Swedish🇸🇪 Parliament are considering reopening #Uniper -owned Barsebäck #nuclear power plant 17 years after it was closed. Located just 21 km from central Copenhagen it will test the strength of support/opposition from windpower loving Danes🇩🇰 towards nuclear energy

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Ole S Hansen

@Ole_S_Hansen

29 days

My beautiful daughter just turned 18. From baby to adulthood took a second. Treasure every moment you have with your children, suddenly they move on. ❤️

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Ole S Hansen

@Ole_S_Hansen

1 year

#Gold and Fed Funds peak

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Ole S Hansen

@Ole_S_Hansen

2 years

During my long, comfortable and secure life living in the UK and Denmark, I have never felt the need to protest. Yesterday was my first in front of Putin’s Embassy in Cph. #supportUkraine 🇺🇦🇺🇦🇺🇦

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Ole S Hansen

@Ole_S_Hansen

4 years

#Oil investors looking at headlines with WTI below $5 and thinking about buying an oil ETF, DON'T!! The price of the most ETFs reflect June at $22 and partly July at $27.4. The same fate potentially awaits both unless fundamentals recover strongly in a matter of weeks #OOTT

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Ole S Hansen

@Ole_S_Hansen

28 days

What is #gold 's resilience telling us? In the last month, bullion trades up 7% while the dollar has gained 1.8%, 10-yr yields 45 bps and three rate cuts by Dec 2025 has been removed. Conclusion: buyers don't care about funding cost, but worry about geopolitics, an out of…

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Ole S Hansen

@Ole_S_Hansen

2 years

Russian Urals #crudeoil is selling at a deepening discount to #Brent with buyers struggling to secure guarantees at Western banks while ship owners refuse to load in Russia. This unfolding before the latest announcement on SWIFT. #OOTT Chart source: @business

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Ole S Hansen

@Ole_S_Hansen

8 months

What a difference a couple of years can do to markets and themes: #Orsted (Wind farms) has lost 60% while #Cameco (Nuclear) has gained 75%

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Ole S Hansen

@Ole_S_Hansen

3 years

#Silver - Fifth time lucky ??

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Ole S Hansen

@Ole_S_Hansen

6 years

#EIAReport in charts #oil #OOTT

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Ole S Hansen

@Ole_S_Hansen

3 years

#Gold was hit by the biggest one-day reduction in ETF holdings since November 2016 yesterday. According to data from @business total holdings dropped 23.5 tons to 3058 tons, lowest since last May

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Ole S Hansen

@Ole_S_Hansen

2 years

The Copper-Gold ratio which during 2021 kept saying 10-yr US yields were too low has reversed sharply lower during the past few months, thereby indicating raised concerns about recession and the need for yields to come down. Interesting one to watch #gold #copper #yields

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Ole S Hansen

@Ole_S_Hansen

6 months

#Gold has seen a "Santa" rally every December since 2017 with the average monthly gain near 4%. ( #silver 7.25%). A repeat could see gold end the year at a record, leaving scope for additional upside in 2024 as rate cuts kick in. #XAU #XAG

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Ole S Hansen

@Ole_S_Hansen

2 years

Wishing everyone a Merry Christmas and happy holidays. Thank for your support, feedback and engagement throughout the year. I appreciate the mutual respect for individual ideas and views. See you next week. 🎄🎅🏼

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Ole S Hansen

@Ole_S_Hansen

29 days

Bank of Japan, sorry to wake you up but... 📢⏰

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Ole S Hansen

@Ole_S_Hansen

2 years

The collapse in global #container #freight rates gathering pace with the Drewry Composite down 10% on the week to $4.5k pr 40 ft. box, and lowest since Dec 2020. Down 57% from the Sept 21 peak but 3X the pre-pandemic avg. All major China to US and EU routes slump #SupplyChains

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Ole S Hansen

@Ole_S_Hansen

1 year

#Silver 's 5% drop on Thursday, its biggest since Feb 2021, has yet to see it challenge the 38.2% retracement of the March to May 31% rally. It looks bad, but for now a relatively normal correction following a strong rally. A move back above $24.5 needed to stabilize the market

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Ole S Hansen

@Ole_S_Hansen

4 years

My biggest fan, my talented daughter, baked me this cake to celebrate reaching 30k followers. Thank you all for trusting me and my talented colleagues to provide you with information in these volatile markets 👏👍

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Ole S Hansen

@Ole_S_Hansen

3 years

Once again #gold needs to be hated before finding love

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Ole S Hansen

@Ole_S_Hansen

1 year

So true…

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Ole S Hansen

@Ole_S_Hansen

17 days

In #gold , a double rejection above $2400 last week has increased the risk of a long overdue correction/consolidation. Using Fibo retracements, the levels to focus on are $2322, $2288 & $2255

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Ole S Hansen

@Ole_S_Hansen

3 years

Not healthy: Danes Get 20-Year 0% Mortgages

Danes Get 20-Year 0% Mortgages

The country with the longest history of negative central bank rates is offering homeowners 20-year loans at a fixed interest rate of zero.

www.bloomberg.com

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Ole S Hansen

@Ole_S_Hansen

3 years

Today my beautiful and talented daughter finished her middle school years. High school next but first a long and well deserved break. ⁦ @CISDK ⁩

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Ole S Hansen

@Ole_S_Hansen

4 years

Hedge funds responded to the #coronavirus demand threat by cutting bullish #commodities bet by one-third in wk to Feb 4. This the biggest one-week reduction since December 2017 saw 19 out of 24 contracts being net-sold #oil #gold #soybeans #natgas #OOTT

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Ole S Hansen

@Ole_S_Hansen

2 years

Horrible developments in #wheat with CBOT trading limit up bid for 130k lots at $12.09, the highest since 2008, on mounting fears of global shortages with shipments from Russia and Ukraine (29% of global exports) currently offline. Corn, barley and edible oils also impacted

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Ole S Hansen

@Ole_S_Hansen

2 months

Wellcome back ETF investors in #gold and #silver . Both metals have done quite well without your support, but with all the ducks almost lined up (still waiting for cuts to begin), the foundation of this rally grows stronger

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Ole S Hansen

@Ole_S_Hansen

2 years

Total #ETF holdings in #gold jumped the most in 18 months last week. The metal's cont. resilence despite surging real yields, a slideing stock market, #cryptos offering no haven and geo risks all supported the 32.7 tons increase to 3078 tons, a near four-month high

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Ole S Hansen

@Ole_S_Hansen

7 months

US Shale #oil producers must be sending a warm thank you to Saudi Arabia and their willingness to sacrifice market share to support prices. US is now producing 4 mb/d more than KSA #oott

Ole S Hansen

@Ole_S_Hansen

7 months

US #crudeoil production reaching a record 13.2m b/d according to weekly estimates from the EIA. Putting growth on track to exceed 1 millon b/d this year #oott

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Ole S Hansen

@Ole_S_Hansen

2 years

The four Russian #oil and #gas majors trading in London (Moscow remains closed) have seen their combined market cap collapse by 95% or $190 billion since Putin ordered the attack on Ukraine last Thursday.

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Ole S Hansen

@Ole_S_Hansen

9 months

Today, I joined nearly 4000 swimmers doing the annual 2 km swim around the Danish parliament in central Copenhagen. Water was 20 degrees and clear, and my time improved by 8 minutes compared with last year 🏊‍♂️💪☀️🇩🇰

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Ole S Hansen

@Ole_S_Hansen

2 years

50,000 THANKS to everyone showing an interest in my updates and views. Very humbled 🙏🙏🙏

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Ole S Hansen

@Ole_S_Hansen

3 years

#Gold has despite a stronger $USD and higher real yields managed to bounce from key support at $1688. Renewed focus on future inflation ( #oil surge & Biden's relief bill) providing support. Still a long way to safety above $1765 so downside risks have not yet gone away

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Ole S Hansen

@Ole_S_Hansen

3 years

#Gold looks somewhat cheap as US #yields drop to a February low with 10-year real yields almost kissing -1% overnight.

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Ole S Hansen

@Ole_S_Hansen

3 years

Sixteen months after this dreaded virus emerged, I finally received my first #PfizerVaccine 🙏

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Ole S Hansen

@Ole_S_Hansen

1 year

#Gold breaks above $2,000. Are we heading for a FOMC rate cut this week? The market seems to think so...

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Ole S Hansen

@Ole_S_Hansen

1 year

Saudi production cut rumor has been denied. Not good for the health of this market. Try harder ⁦ @WSJ ⁩

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Ole S Hansen

@Ole_S_Hansen

8 months

#Gold continues to defy gravity, holding above $1900 despite a continued surge in Treasury yields and the dollar. Supported by investors hedging against an increased risk of stagflation

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Ole S Hansen

@Ole_S_Hansen

2 years

EU #gas has returned to $300 per barrel #crudeoil equivalent

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Ole S Hansen

@Ole_S_Hansen

2 years

EU #gas drops below €150/MWh to a three-month low. Driven by strong LNG arrivals, mild autumn weather and demand destruction. Russia's ability to shock much reduced with flows down 78% YoY.

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Ole S Hansen

@Ole_S_Hansen

2 years

Financial traders attacking weak #crudeoil momentum clearly in no mood to read oil market reports. OPEC expects 2023 demand will exceed supply by 1m b/d. To balance supply, the already close to maxed out group will need to raise production by 1.4m b/d from its June level. #OOTT

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Ole S Hansen

@Ole_S_Hansen

3 years

Harvest time 🌶🥵

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Ole S Hansen

@Ole_S_Hansen

3 years

#Gold approaching an important band of resistance above $1755. Stats point to an under owned market, especially from short-term momentum players.

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Ole S Hansen

@Ole_S_Hansen

3 years

#Gold dumps on Powell comment: “We are on track to begin a taper of our asset purchases that, if the economy evolves broadly as expected, will be completed by the middle of next year,” &“I do think it is time to taper and I don’t think it is time to raise rates.”

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Ole S Hansen

@Ole_S_Hansen

4 years

The PM has just announced that all Danish borders (air, sea and road) will be closed from tomorrow at 1200 pm. 🇩🇰😷 #COVID19

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Ole S Hansen

@Ole_S_Hansen

2 years

#Gold returns in different currencies

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Ole S Hansen

@Ole_S_Hansen

3 years

Kalimera 🇬🇷. Early morning coffee

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Ole S Hansen

@Ole_S_Hansen

6 months

Another Friday squeeze in #gold (and oil) on fears about what the weekend might bring

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Ole S Hansen

@Ole_S_Hansen

3 years

#Cotton jumps to highest since 2012 due to the prospect for a second world deficit and robust demand from China, Turkey and Pakistan. Adding to this the combination of a very large industry short and US certified cotton stocks at lowest since last Nov (Source: ICE Exch).

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Ole S Hansen

@Ole_S_Hansen

3 years

What is worse than Russia holding back #gas ? That they don't have extra gas.

Javier Blas

@JavierBlas

3 years

And an interesting tidbit from my earlier Trafigura interview about natural gas supplies from Russia. Trafigura is of the view that Moscow doesn't have the extra gas (full story here: )

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Ole S Hansen

@Ole_S_Hansen

5 months

The bullish outlook for #copper and other green transformation metals continues to strengthen. On Friday $AAL slumped 20% after slashing its outlook for copper production in coming years, citing difficulties at mines in Chile and Peru. Adding to that the mine closure in Panama,…

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Ole S Hansen

@Ole_S_Hansen

5 months

#Palladium , in a downtrend for more than a year trades up 17% this week, driven by the Fed pivot and Russian disruption threats, and strengthened by a short squeeze from leveraged funds who recently held a gross short corresponding to five days of normal front month volume #XPD

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Ole S Hansen

@Ole_S_Hansen

2 years

Global #container #freight rates have stabilized following a six-week decline. The Drewry composite at $9.2k per 40ft box remains 5X above the long-term avg. #supplychains

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Ole S Hansen

@Ole_S_Hansen

5 months

China's November #copper imports climbed 10.1% from the prior month to the highest in almost two years, as falling stocks and a stronger yuan increased buying interest. Imports of unwrought copper and copper products, used widely in the construction, transport and power sectors,…

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Ole S Hansen

@Ole_S_Hansen

5 months

#Gold extending its deep correction below $1980 ahead of the 200-DMA at $1952. Long liquidation from wrong footed spec longs the main driver with no major change in the fundamantal and overall supportive outlook. #CPI and #FOMC will be key to where bullion finish the year

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Ole S Hansen

@Ole_S_Hansen

3 years

#Silver once again taking aim at $30. First it may need to check the level of support in the $28.33 to $28.20 area.

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Ole S Hansen

@Ole_S_Hansen

3 years

Knock knock.... Supported by softer yields and dollar, #gold has finally reached and so far breached the key $1765/oz level. The next 24 hours price action will be very important for the direction from here

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Ole S Hansen

@Ole_S_Hansen

3 years

#Gold , in an uptrend for six weeks, trades above its 200-day ma to challenge trend line resistance from the August high, today around $1858. Supported by lower Treasury yields, Israel-Gaza tensions and crazy volatility in the #crypto space. Next level: $1876

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Ole S Hansen

@Ole_S_Hansen

3 years

Dutch TTF #gas priced in #crudeoil equivalent now trading at $148/barrels 😱. If not arrested soon it will be surging diesel prices next, thereby supporting the middle barrel, and oil prices in general. #OOTT #ONGT

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Ole S Hansen

@Ole_S_Hansen

4 years

A historic OPEC+ production cut to counter an even bigger demand shock is probably at best going to stabilize the price in the s/t. Lack of compliance and the way the 10+ m b/d was reached still leaves the #oil market very oversupplied until demand eventually picks up #OOTT

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Ole S Hansen

@Ole_S_Hansen

4 years

#Gold 's renewed attempt to challenge resistance has been given some tailwind from another drop in US 10-yr real yields to -0.64%, lowest level (close basis) in 7 years.

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Ole S Hansen

@Ole_S_Hansen

5 months

COT on #crudeoil : Almost uninterupted selling since Sept 29 culminated before the #FOMC meeting when the #WTI and #Brent crude oil managed money long slumped to an 11-year low. The 60k lots drop to 171k being led by a 32% reduction in Brent on elevated short selling #oott

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Ole S Hansen

@Ole_S_Hansen

3 years

#Gold will start 2021 being stuck within a 20 dollar narrow range. Given the end of 2020 movements in breakeven and real yields I suspect the upside may provide the path of least resistance

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Ole S Hansen

@Ole_S_Hansen

4 months

It's that time of year where Bloomberg and CNBC TV is better left switched off. #davos #WEF24 #WEF

Velina Tchakarova

@vtchakarova

4 months

The World Economic Forum kicks off in Davos. #davos #WEF24 #WEF

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Ole S Hansen

@Ole_S_Hansen

3 years

US 10-yr breakeven yield ( #inflation ) reaches 2.47% (8-yr high) while the real yield drops to -0.87%, and yet no reaction in #gold . Chart source: @business

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Ole S Hansen

@Ole_S_Hansen

7 months

#Gold 's normal negative correlation to the dollar and US bond yields continue to collapse, highlighting the current support for #XAU as an alternative investment amid rising financial risks as yields surge and investors worry about developments in the MidEast (Chart: Bloomberg)

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Ole S Hansen

@Ole_S_Hansen

5 months

Gold has completed a 61.8 Fibo retracement and returned to key support at $2008

Ole S Hansen

@Ole_S_Hansen

5 months

First correction target reached at $2057 with $2033 next. The big level that needs to hold is $2008 in order to avoid a speculative exodus.

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Ole S Hansen

@Ole_S_Hansen

1 year

The previous three peaks in Fed funds all signaled the beginning of a significant rally in #gold . Chart: @business

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Ole S Hansen

@Ole_S_Hansen

1 month

My 2 cents on the cont. #gold rally: The rally is defying a lot of normal thinking, especially when it comes to still-elevated rates, I think the narrative is changing towards sticky inflation and perhaps a hard landing, spiced with a lot of geopolitical uncertainty and…

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Ole S Hansen

@Ole_S_Hansen

3 years

The cost of #shipping 40 ft #containers around the world continues to surge with the Drewry benchmark rising above $6k, some 4.5x the average. #inflation

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Ole S Hansen

@Ole_S_Hansen

3 years

Sorry for posting these charts on a daily basis, but the record run of gains in European #gas and #power prices continue with low supplies, lack of wind and US hurricane disruptions raising concerns about winter blackouts #ONGT

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Ole S Hansen

@Ole_S_Hansen

6 months

#Palladium drops to a five-year low at $951, with cont. speculative selling forcing producer hedging at levels that are through the aggregate cost curve (Source: MS). A 14k lots gross short (week to Oct 31) being close to 4X the daily aggregate avg. volume, leaving the metal…

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Ole S Hansen

@Ole_S_Hansen

3 years

Major engulfing candle on the $SPX monthly chart (same on $NDX). Interesting October awaits

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Ole S Hansen

@Ole_S_Hansen

4 years

Corona has hit the bullion market. The #gold OTC spot market is well and truly broken right now. The spread to GCM0 continues to blow out, now around $75/oz.

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Ole S Hansen

@Ole_S_Hansen

3 years

The risk of an energy crunch in Europe this winter continues to rise. Stocks and supplies remain low ahead of the winter heating season starting in about a month from now. #gas #coal #power #emissions

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Ole S Hansen

@Ole_S_Hansen

1 year

Wishing everyone a Merry Christmas and happy holidays. Thank you for your support, feedback and engagement throughout the year. See you next week. 🎄🎅🏼

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Ole S Hansen

@Ole_S_Hansen

1 year

Good morning from Copenhagen

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Ole S Hansen

@Ole_S_Hansen

3 years

#Copper once again challenging resistance, with the rising cost of everything attracting renewed inflation hedge demand. This in the realisation its direction is not just about developments in China. The COT highlights a market that is currently under owned.

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Ole S Hansen

@Ole_S_Hansen

27 days

FOMO spreads to #copper with #HG_f now challenging the Jan 2023 high at $4.355. A rise in China exchange-monitored stocks to a four-year highlighting local traders concern about Yuan devaluation. Hence the hoarding of not only gold and silver, but now also copper.

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Ole S Hansen

@Ole_S_Hansen

6 years

#Gold unlikely to catch a proper bid until the Chinese Yuan stabilizes. During the past six weeks the yellow metal and the Yuan have both dropped by around 6%

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Ole S Hansen

@Ole_S_Hansen

1 year

Saturday evening in central Copenhagen

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Ole S Hansen

@Ole_S_Hansen

2 years

#Copper is gearing up for its long awaited breakout with China's policy response to current slowdown gathering momentum.

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Ole S Hansen

@Ole_S_Hansen

3 years

EU #gas rising 24% today, and is now up 30% since China's order to secure supplies at all costs. #Coal jumps 8%. European Union governments are embroiled in talks this week on whether a surge in energy prices requires a coordinated response

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Ole S Hansen

@Ole_S_Hansen

1 year

I love this update from @ilijavuckov on LinkedIn. Rescue dogs returning home from their mission in Turkey being placed in 1st class by Turkish Airlines 🇹🇷

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Ole S Hansen

@Ole_S_Hansen

3 years

#Gold , finally above $1800, is sending a BIG thank you to #silver for doing the pulling today. Buy stops from long-term shorts has yet to be challenged, so now comes the hard work of staying above. Support $1795 with next upside levels of interest being $1818 followed by $1851

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Ole S Hansen

@Ole_S_Hansen

2 years

Europe #gas in storage some 21% below the five-year avg. as the level breaks below 700 TWh, roughly one-month earlier than in previous years. #energycrisis

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Ole S Hansen

@Ole_S_Hansen

4 months

#Silver : Early days, but an interesting candle has started to emerge on the weekly chart #XAG #SI_f

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Ole S Hansen

@Ole_S_Hansen

2 years

Good morning weekend

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Ole S Hansen

@Ole_S_Hansen

3 years

Another week of rising costs transporting goods around the world with #container #freight rates continuing to rise on all the major routes from Asia and across the Atlantic. The Drewry composite index at $8.4k is currently six times higher than the 5-yr avg. #SupplyChain

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Ole S Hansen

@Ole_S_Hansen

4 years

#Gold closed the week at its lowest since April 17 and US 10-yr real yields at its highest since April 20. Thereby continuing their close inverse correlation.

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Ole S Hansen

@Ole_S_Hansen

2 years

#Gold may face a challenging start to the week as concerns about Russian selling mounts following the weekend actions against banks and inviduals. As of Jan 28 Russia held $634bn in foreign reserves with gold at 23% being the third largest position.

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Ole S Hansen

@Ole_S_Hansen

1 month

Gold's historic inverse correlation with real yields and the dollar look increasingly broken as underlying demand for XAU remains firm

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Ole S Hansen

@Ole_S_Hansen

3 years

The weekly #container #freight update shows another strong rise with the composite rate reaching $6,500, almost five times the five-year average. All the major routes seeing higher prices. These #SupplyChain constraints further adding to the #inflation theme

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Ole S Hansen

@Ole_S_Hansen

9 months

The Fed will likely cut rates before inflation reaches the 2% target in the realisation it can not be achieved, and potentially over time raising the target to 3% #inflation #FOMC

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Ole S Hansen

@Ole_S_Hansen

4 months

The Drewry global container freight rate index has just been updated for the first time since Dec 21, and it shows a 61% jump to $2670 per 40ft box, highest since November 2022. Longer journey times driving demand for extra capacity due to the disruptions in the Red Sea has…

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Ole S Hansen

@Ole_S_Hansen

2 years

Wow, just wow… a country relying on commodities intensive exports (cars, machines & chemicals) at a time of slowing growth and punitive high energy costs #Germany

Holger Zschaepitz

@Schuldensuehner

2 years

Good Morning from #Germany , which is falling as an economic powerhouse on a global scale. Germany’s trade surplus is gone. Foreign trade balance came in at MINUS €1bn in May, which is the 1st negative print since 1991 due to its energy problems & weakness in manufacturing.

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Ole S Hansen

@Ole_S_Hansen

1 year

BOOM!!! US #crudeoil stocks jump 19m bbl, the biggest since Feb 2021. Driven by a 2m b/d drop in exports to 2.1m b/d. #Gasoline stocks rise 4.1m bbl as refinery demand recovers. Production lifted to 12.2m b/d. #WTI trades up 0.5% on the report - #OOT

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Ole S Hansen

@Ole_S_Hansen

2 years

Speculators lifted their #gold long to a 14-mth high at 164k lots in wk to Nov 16. While ETF investors sat on their hands, the pace of futures buying (+94.7k lots) these past four weeks was last seen in July 2019. The #silver & #platinum longs also rose while #copper held steady

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