Equities are up again to start this week. This adamantly-hated rally all but proves the concept that sentiment follows price, not the other way around. Hence our constant attention towards the charts and the technical picture. It is worth noting, however, that this rally is beginning to mature with respect to time. This does not mean it can't and won't continue higher in the short-term, but rather, the peak may be climactic.
In other markets, silver is surging to a multi-year high, which is very bullish. Gold is up too, but not as much. Bitcoin is basically flat, along with Crude Oil. T-Notes are up again, but the dollar is down. Surely, the dollar's recent weakness has buoyed commodity prices, some of which are trading at their highest level in years (including copper).
A new edition of the Mercator Letter will be published this Sunday, July 19. Annual subscriptions are discounted for the remainder of the month, and are available at $185/year for the Mercator Letter and $120/year for the Mercator Crypto Report. Individual purchases of the reports are also discounted for the remainder of the month, and are available at $15 for the Mercator Letter and $10 for the Mercator Crypto Report.