Metals Rieki & Jiseki updated
XAU PHLX gold silver Index Rieki has turned negative from near 100 levels. XAG (Silver) is also negative. The Silver (ISHR SILVER TR) is also at an extreme ranking (the best performer) among our global coverage. Base metals Zinc and Aluminum have non confirming Rieki performance cycles. Overall the metals complex remains topping for us. Palladium is the best reduce (Sell) while Zinc and Aluminum are the worst ranking metals (the holds). From a strategy point of view, short Palladium and Tin, long Aluminum and Zinc should work.
Naked and/or pair strategies are not riskless strategies. Time arbitrage portfolio legs should be risk weighted before any implementation. Please mail us for a detailed working or consult a local financial risk manager to execute these pairs. For more details please subscribe to the Orpheus Research.