Speculative Demand Receding…

Speculative Demand Index, here is what we use in our model. You can see that it had a pop up on Nov 5 after the election and today declined below the support level. The recent high was on Sept 26, 2024.

It is one of the components in our overall model, the others are: A) 2 Yr rates, B) Yield curve, C) the dollar, D) oil price, E) gold price. It is calculated as a residual between overall market price and the total of the other driving components.