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

net worth individuals, family offices, and other sophisticated investors. MacroVoices

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 Serezna.

MacroVoices episode 399 was produced on October 26, 2023. I'm Eric Townsend.

Saxo bank commodities chief Ola Hansen returns as this week's feature interview guest. Ola

says the bull market has paused in some commodities, but it's set to continue. We'll also talk

about crude oil and the debate over how big the Iran escalation risk is in the Israel

conflict. And I'm Patrick Serezna with the macro scoreboard week over week as of the

close of Wednesday, October 25, 2023, the S&P 500 futures were down 306 basis points

closing at 4209. We are trading at new multi month lows critical to watch what happens

next. We'll take a closer look at that chart and the key technical levels to watch in our

post game segment. The US dollar index down to basis points to 106 54. The dollar continues

to trade along its multi month highs, but will we get the breakout to new highs in the

post ECB period? We will see the WTI crude oil futures for the December contract down 215

basis points to 85 39. We'll take a look at that chart in the post game and Eric will

have the EIA inventory data. The R. Bob Gasoline December contract down 258 basis points

to 227. The December gold contract up 142 basis points to 1996. Extraordinary rebound

from the September sell off getting the prices back towards the summer highs. Copper, flat

on the week 359 continuing to consolidate along the 52 week lows and uranium up 446 basis

points to 7375, clearly attempting another bullish breakout to new year highs. The US

...