This is Macro Voices, the free weekly financial podcast targeting professional finance, high

net worth individuals, family offices and other sophisticated investors. Macro Voices

is all about the brightest minds in the world of finance and macroeconomics telling it

like it is, bullish or bearish, no holds barred.

Now here are your hosts, Eric Townsend and Patrick Sarrezna.

Macro Voices Episode 373 was produced on April 27, 2023. I'm Eric Townsend.

This episode of Macro Voices was made possible by respect energy, a leading European trader

of renewable energy and a one-stop shop for all green energy investors.

Saxo banks, chief commodity strategist, Ola Hansen returns as this week's feature

interview guest. Ola and I will discuss the broader commodities bull market and the role

interest rates play in contango and backwardation. Then we'll drill down on specific commodities,

including crude oil, gold, copper, grains and more.

And I'm Patrick Sarrezna with the Macro Scoreboard Week over week as of the close of Wednesday

April 26, 2023. The S&P 500 was down 2.4% closing at 4,076. We'll take a closer look at

that chart and the key technical levels to watch in the post-game segment. The US dollar index

is down 0.1% closing at 101.84. Continues to show weakness, but will the central bank statements

next week change that? The June WTI crude oil contract down 6.2% closing at 74.30. Deeper

version of its recent strength will look at that chart and Eric will have the EIA inventory

data in that post-game segment. Gold, down 0.5% closing at 1996. Stalled on the week over

week advance, but the bull trend remains intact. Copper down 5.6% closing at 3.85. Significant

technical weakness there. Uranium up 1.8% closing at 52.10. Attempting a bull breakout.

The US 10-year Treasury yield down 14 basis points closing at 345 points. And the key news

...