Phillip Streible of Blue Line Futures analyzes the impact of Warsh's hawkish hold on metals and equities. He notes that Treasury yields are easing, but the dollar index is strengthening, pressuring gold and silver. Gold is down ~$110, silver down ~$3.14. Key resistance for gold is $70, then $72. ETF flows show continued gold outflows (8th straight day) and silver inflows. Copper is stabilizing and may offer a buying opportunity given its correlation with tech. The overall macro picture suggests a cautious stance on metals near term.
implicit
NDX
RUT
Oil
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gold sharp down
Blue Line Futures
7.5
Hedge Fund
Phillip Streible 6.5
Hedge Fund
Phillip Streible 6.5
6/18/2026 5:41:39 PM
dxy
The dollar index continues to push up against all the foreign currencies... futures are firmly up against the top of that range sitting at about $100.50.
| 6/9/2026 2:03:09 PM | short term down | 5 days later | -0.32% | +0.32% |
| 6/8/2026 5:36:59 PM | short term down | 6 days later | -0.28% | +0.28% |
| 6/5/2026 9:53:37 PM | short term up | 7 days later | -0.42% | -0.42% |
| 6/5/2026 8:22:33 PM | short term up | 7 days later | -0.42% | -0.42% |
| 6/3/2026 2:08:27 PM | short term cautious up | 5 days later | +0.50% | +0.25% |
| 5/28/2026 6:20:00 PM | short term up | 5 days later | +0.63% | +0.63% |
| 5/28/2026 2:12:37 PM | short term up | 5 days later | +0.63% | +0.63% |
| 5/26/2026 8:03:19 PM | short term cautious down | 5 days later | -0.01% | +0.01% |
| 5/26/2026 1:55:39 PM | short term cautious down | 5 days later | -0.01% | +0.01% |
| 5/21/2026 1:58:28 PM | short term up | 5 days later | -0.11% | -0.11% |
| 5/11/2026 2:01:27 PM | short term up | 6 days later | +0.69% | +0.69% |
| 5/8/2026 2:01:51 PM | short term cautious down | 7 days later | +1.05% | -0.53% |
| 5/7/2026 1:56:51 PM | short term down | 5 days later | +0.65% | -0.65% |
| 5/6/2026 2:05:14 PM | short term down | 5 days later | +0.04% | -0.04% |
| 5/1/2026 2:11:55 PM | short term down | 7 days later | -0.54% | +0.54% |
| 4/27/2026 2:11:11 PM | short term cautious down | 6 days later | -0.15% | +0.08% |
| 4/24/2026 2:18:16 PM | short term up | 7 days later | -0.01% | -0.01% |
| 4/17/2026 2:14:11 PM | short term cautious down | 7 days later | +0.44% | -0.22% |
| 3/16/2026 1:23:55 PM | short term sharp up | 6 days later | -0.63% | -0.95% |
| 3/4/2026 1:58:21 PM | short term down | 5 days later | -0.49% | +0.49% |
| 3/2/2026 2:15:55 PM | short term cautious up | 5 days later | -0.20% | -0.10% |
| 2/24/2026 2:02:50 PM | short term up | 5 days later | +0.70% | +0.70% |
| 2/23/2026 2:01:27 PM | short term cautious down | 6 days later | +0.51% | -0.26% |
| 2/16/2026 3:07:19 PM | short term down | 6 days later | +0.56% | -0.56% |
| 2/13/2026 2:18:11 PM | short term cautious down | 7 days later | +0.62% | -0.31% |
| 2/12/2026 2:35:02 PM | short term cautious down | 5 days later | +0.85% | -0.42% |
| 2/11/2026 2:40:37 PM | short term down | 5 days later | +0.24% | -0.24% |
| 2/10/2026 10:04:22 PM | medium term sharp down | 20 days later | +2.29% | -3.44% |
| 2/9/2026 2:13:26 PM | short term down | 6 days later | +0.30% | -0.30% |
| 2/3/2026 1:56:20 PM | short term down | 5 days later | -0.82% | +0.82% |
| 2/2/2026 6:29:20 PM | short term sharp up | 6 days later | -0.64% | -0.95% |
| 1/30/2026 2:05:52 PM | short term up | 7 days later | -0.81% | -0.81% |
| 1/26/2026 2:15:07 PM | short term sharp down | 6 days later | +1.44% | -2.17% |
| 1/20/2026 2:41:17 PM | short term down | 5 days later | -1.74% | +1.74% |
| 1/12/2026 2:15:07 PM | short term down | 6 days later | +0.27% | -0.27% |
| 12/23/2025 2:10:09 PM | short term cautious down | 5 days later | +0.06% | -0.03% |
| 12/19/2025 1:48:55 PM | short term up | 7 days later | -0.25% | -0.25% |
| 12/17/2025 2:18:23 PM | short term up | 5 days later | -0.50% | -0.50% |
| 12/4/2025 1:55:43 PM | short term cautious down | 5 days later | -0.20% | +0.10% |
| 12/3/2025 1:42:38 PM | short term cautious down | 5 days later | +0.23% | -0.12% |
| 11/24/2025 2:27:59 PM | short term cautious down | 6 days later | -0.25% | +0.13% |
| 11/14/2025 2:02:42 PM | short term cautious up | 7 days later | +0.55% | +0.28% |
| 11/11/2025 1:54:15 PM | short term cautious down | 5 days later | +0.11% | -0.06% |
| 10/21/2025 1:46:58 PM | short term up | 5 days later | -0.12% | -0.12% |
| 10/2/2025 1:50:52 PM | short term down | 5 days later | +1.16% | -1.16% |
| 9/29/2025 2:11:15 PM | short term down | 6 days later | +0.35% | -0.35% |
| 9/26/2025 2:00:35 PM | short term cautious down | 7 days later | +0.20% | -0.10% |
| 9/11/2025 1:56:16 PM | short term cautious up | 5 days later | -0.70% | -0.35% |
| 8/28/2025 2:17:15 PM | short term down | 5 days later | +0.38% | -0.38% |
| 8/13/2025 2:10:59 PM | short term down | 5 days later | +0.02% | -0.02% |
| 7/31/2025 2:22:23 PM | short term sharp up | 5 days later | -0.52% | -0.78% |
| 7/18/2025 2:12:59 PM | short term down | 7 days later | +0.83% | -0.83% |
metals
Gold is down about $110... Silver futures doing the same thing down $3.14.
| 6/11/2026 2:08:47 PM | short term cautious up | 5 days later | +0.09% | +0.05% |
| 6/10/2026 5:49:09 PM | short term cautious down | 5 days later | +3.66% | -1.83% |
| 6/5/2026 9:53:37 PM | short term down | 7 days later | +1.30% | -1.30% |
| 6/5/2026 8:22:33 PM | short term down | 7 days later | +1.30% | -1.30% |
| 6/3/2026 6:28:49 PM | short term cautious down | 5 days later | -7.61% | +3.80% |
| 6/3/2026 2:08:27 PM | short term cautious down | 5 days later | -7.61% | +3.80% |
| 6/2/2026 6:22:15 PM | short term up | 5 days later | -4.41% | -4.41% |
| 6/1/2026 5:29:41 PM | short term sharp up | 6 days later | -6.14% | -9.21% |
| 5/28/2026 6:20:00 PM | short term down | 5 days later | -2.61% | +2.61% |
| 5/28/2026 2:12:37 PM | short term down | 5 days later | -2.61% | +2.61% |
| 5/27/2026 8:38:49 PM | short term down | 5 days later | -0.24% | +0.24% |
| 5/26/2026 8:03:19 PM | short term up | 5 days later | +0.40% | +0.40% |
| 5/26/2026 1:55:39 PM | short term up | 5 days later | +0.40% | +0.40% |
| 5/21/2026 1:58:28 PM | short term cautious down | 5 days later | -0.89% | +0.45% |
| 5/14/2026 6:12:33 PM | short term down | 5 days later | -0.30% | +0.30% |
| 5/14/2026 1:53:21 PM | short term cautious down | 5 days later | -0.30% | +0.15% |
| 5/13/2026 1:45:31 PM | short term sharp up | 5 days later | -6.77% | -10.15% |
| 4/16/2026 10:24:59 PM | medium term up | 20 days later | -3.17% | -3.17% |
| 3/19/2026 5:20:35 PM | short term down | 5 days later | +2.41% | -2.41% |
| 3/18/2026 1:13:58 PM | short term cautious down | 5 days later | -4.63% | +2.31% |
| 3/16/2026 1:23:55 PM | short term cautious down | 6 days later | -12.28% | +6.14% |
| 3/10/2026 1:03:21 PM | short term cautious up | 5 days later | -4.17% | -2.09% |
| 3/4/2026 1:58:21 PM | short term up | 5 days later | +4.23% | +4.23% |
| 3/3/2026 2:19:16 PM | short term cautious down | 5 days later | +1.56% | -0.78% |
| 2/25/2026 11:43:15 PM | short term sharp up | 5 days later | -4.16% | -6.25% |
| 2/25/2026 2:15:06 PM | short term up | 5 days later | -4.16% | -4.16% |
| 2/24/2026 2:02:50 PM | short term up | 5 days later | +2.77% | +2.77% |
| 2/23/2026 2:01:27 PM | short term up | 6 days later | +3.23% | +3.23% |
| 2/17/2026 2:09:29 PM | short term down | 5 days later | +8.30% | -8.30% |
| 2/16/2026 3:07:19 PM | short term up | 6 days later | +11.89% | +11.89% |
| 2/12/2026 2:35:02 PM | short term sharp up | 5 days later | -0.44% | -0.66% |
| 2/11/2026 2:40:37 PM | short term sharp up | 5 days later | -0.94% | -1.41% |
| 2/10/2026 10:04:22 PM | medium term sharp up | 20 days later | -0.91% | -1.37% |
| 2/4/2026 2:35:05 PM | short term sharp up | 5 days later | +6.93% | +10.40% |
| 2/3/2026 1:56:20 PM | short term sharp up | 5 days later | -0.05% | -0.08% |
| 2/2/2026 6:29:20 PM | short term sharp down | 6 days later | +1.02% | -1.52% |
| 1/30/2026 2:05:52 PM | short term down | 7 days later | +6.99% | -6.99% |
| 1/28/2026 2:08:44 PM | short term sharp up | 5 days later | -16.50% | -24.75% |
| 1/26/2026 2:15:07 PM | short term sharp up | 6 days later | -18.04% | -27.06% |
| 1/23/2026 10:07:21 PM | long term sharp up | 60 days later | -22.49% | -33.74% |
| 1/22/2026 11:27:23 PM | long term sharp up | 60 days later | -21.43% | -32.14% |
| 1/21/2026 11:13:16 PM | short term cautious down | 5 days later | +9.15% | -4.58% |
| 1/21/2026 2:14:38 PM | short term cautious up | 5 days later | +9.15% | +4.58% |
| 1/20/2026 2:41:17 PM | short term sharp up | 5 days later | +9.79% | +14.69% |
| 1/14/2026 11:25:04 PM | short term sharp up | 5 days later | +2.92% | +4.38% |
| 1/14/2026 2:13:25 PM | short term sharp up | 5 days later | +2.92% | +4.38% |
| 12/23/2025 2:10:09 PM | short term sharp up | 5 days later | -1.80% | -2.71% |
| 12/19/2025 5:07:19 PM | long term sharp up | 60 days later | +16.09% | +24.14% |
| 12/19/2025 1:48:55 PM | long term up | 60 days later | +16.09% | +16.09% |
| 12/17/2025 2:18:23 PM | short term sharp up | 5 days later | +6.43% | +9.65% |
| 12/15/2025 10:17:24 PM | medium term sharp up | 20 days later | +9.32% | +13.98% |
| 12/11/2025 2:02:09 PM | short term sharp up | 5 days later | +3.72% | +5.58% |
| 12/10/2025 2:04:36 PM | long term up | 60 days later | +23.10% | +23.10% |
| 12/8/2025 1:55:19 PM | short term up | 6 days later | +3.45% | +3.45% |
| 12/4/2025 1:55:43 PM | short term up | 5 days later | +2.17% | +2.17% |
| 12/3/2025 1:42:38 PM | short term sharp up | 5 days later | +2.32% | +3.48% |
| 11/28/2025 2:32:51 PM | short term sharp up | 7 days later | -0.33% | -0.49% |
| 11/27/2025 3:34:31 PM | short term sharp up | 5 days later | +1.03% | +1.54% |
| 11/25/2025 2:09:39 PM | short term sharp up | 5 days later | +3.64% | +5.46% |
| 11/20/2025 2:01:46 PM | long term up | 60 days later | +39.54% | +39.54% |
| 11/19/2025 2:11:41 PM | short term sharp up | 5 days later | +1.62% | +2.43% |
| 11/18/2025 2:15:37 PM | short term cautious down | 5 days later | +0.93% | -0.46% |
| 11/17/2025 11:09:46 PM | short term cautious down | 6 days later | +1.23% | -0.61% |
| 11/14/2025 2:02:42 PM | short term down | 7 days later | +2.12% | -2.12% |
| 11/12/2025 10:49:45 PM | short term sharp up | 5 days later | -2.36% | -3.55% |
| 11/12/2025 2:16:05 PM | short term sharp up | 5 days later | -2.36% | -3.55% |
| 11/11/2025 1:54:15 PM | short term sharp up | 5 days later | -4.54% | -6.81% |
| 11/7/2025 1:44:27 PM | short term sharp up | 7 days later | -1.60% | -2.40% |
| 10/30/2025 1:04:43 PM | short term cautious up | 5 days later | -0.56% | -0.28% |
| 10/29/2025 1:10:53 PM | short term sharp up | 5 days later | -2.75% | -4.13% |
| 10/28/2025 1:16:24 PM | short term cautious down | 5 days later | +1.40% | -0.70% |
| 10/27/2025 10:44:23 PM | short term cautious down | 6 days later | +1.62% | -0.81% |
| 10/13/2025 2:05:40 PM | long term sharp up | 62 days later | +9.99% | +14.98% |
| 10/2/2025 1:50:52 PM | short term sharp up | 5 days later | +4.07% | +6.10% |
| 9/29/2025 2:11:15 PM | short term sharp up | 6 days later | +3.17% | +4.76% |
| 9/26/2025 2:00:35 PM | short term sharp up | 7 days later | +3.49% | +5.23% |
| 9/24/2025 2:07:11 PM | medium term up | 20 days later | +17.30% | +17.30% |
| 9/22/2025 1:45:19 PM | short term sharp up | 6 days later | +3.29% | +4.93% |
| 9/19/2025 2:06:39 PM | short term cautious up | 7 days later | +3.81% | +1.91% |
| 9/12/2025 2:07:34 PM | short term sharp up | 7 days later | +2.06% | +3.09% |
| 9/11/2025 1:56:16 PM | short term cautious up | 5 days later | -0.42% | -0.21% |
| 9/10/2025 1:41:49 PM | short term cautious down | 5 days later | +1.48% | -0.74% |
| 9/9/2025 11:14:55 PM | medium term sharp up | 20 days later | +8.17% | +12.26% |
| 9/9/2025 2:18:10 PM | short term sharp up | 5 days later | +1.78% | +2.68% |
| 9/3/2025 1:52:44 PM | short term sharp up | 5 days later | +1.66% | +2.50% |
| 9/2/2025 2:02:33 PM | short term sharp up | 5 days later | +1.32% | +1.98% |
| 8/28/2025 2:17:15 PM | short term up | 5 days later | +3.29% | +3.29% |
| 8/13/2025 2:10:59 PM | short term up | 5 days later | -1.16% | -1.16% |
| 8/4/2025 11:45:30 PM | medium term up | 20 days later | -0.08% | -0.08% |
| 7/24/2025 2:44:36 PM | short term down | 5 days later | -2.54% | +2.54% |
| 7/18/2025 2:12:59 PM | short term up | 7 days later | -2.39% | -2.39% |
yields
Treasury yields are easing on Warsh's hawkish hold, but the overall hawkish shift in rate expectations suggests this easing may be temporary.
