Silver Update With a Michael Oliver Comment

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.comHousekeeping: Good Morning.“If you sell too soon, you're probably going to miss the boat.” -Summarizing Michael Oliver’s latestToday:* Premium: Silver * Commentary: Charts, NewsMarkets Yesterday:US equity futures are in the green after Friday’s rallyPremium/Markets: * Silver’s Rally Monday* The Shanghai Connection* Michael Oliver’s Silver Commenth/t Bai Xiaojun and the Daily GoldSilver’s Rally Monday Macro Discretionary Enters the ChatThe Shanghai Connection- what it meansSilver:* SFE is over Comex- why it persists* SGE is over SFE- what it means* Comex: What to look for (spreads/ EFP)* Convergence howGold:* SFE is over Comex* SGE is under SFE- what it means* Comex- what to not look for* Convergence howFocus: SILVER by Michael OliverIf you panicked at each drop, including the genuine correction in January 2011, you’d likely have missed the massive acceleration portion of this multi-year bull trend (from 2001 to 2011): $20 to $50 in three quarters.5% in one day, 8.5% drop in six days, 5% drop in three days, 15% drop in five days, 5% drop in three days, 9% drop in two days, 16% drop involving a month7.7% drop in two days, 8.7% drop in six days, 5.5% drop in two daysHe goes on to define the onset of something worth calling a “correction” and much more at bottom.Market News:China's smartphone market saw a 2% growth in sales Q1. Sales of foldable phones +48% Y/Y. Huawei rose to the top spot for the first time in quarterly global shipments, surpassing Samsung, according to Counterpoint Research. China iPhone shipments jump 52% in April.UBS Global Research raises 2024 year-end S&P500 target to 5600 (prev. target 5400, current 5304)Geopolitics: * Israeli tanks have reached Rafah city centre, according to Reuters witnesses* "Israeli media: Leaders of Israeli opposition parties will discuss tomorrow the formation of an alternative government and the ouster of Netanyahu", according to Sky News Arabia.* China is conducting more military exercises, The West is now pushing back on the Isrealis strikes in Rafah as civilian tolls are rising. * Much More belowSome headlines via NewSquawk or DataTrekData on Deck: GDP, PCE Week* MONDAY, MAY 27 Memorial Day * TUESDAY, MAY 28 speakers and 10:00 am Consumer confidence* WEDNESDAY, MAY 29 2:00 pm Fed Beige Book * THURSDAY, MAY 30 8:30 am GDP + + * FRIDAY, MAY 31 8:30 am PCE index April Premium: h/t Michael Oliver, Bai Xiaojun and the Daily Gold***DO NOT SHARE THIS***