[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$ff4Aj9yKSObB-VE7gHVvT4NyF7oDU31T3brFp_ANwrGs":3},{"data":4},{"id":5,"newsletter_list_id":6,"title":7,"thumbnail_url":8,"created":9,"free_content_html":10,"email_capture_popup":11,"meta_default_title":7,"platform":12,"enforce_gated_content":13,"publish_date":14,"displayed_date":6,"meta_default_description":15,"slug":16,"status":17,"web_url":18,"authors":19,"audience":12,"content_tags":21,"hidden_from_feed":13,"preview_text":22,"split_tested":11,"subject_line":7,"subtitle":22},"post_2528c2d0-8215-4e6d-9293-13b843597fd2",null,"Seven breakouts. All faded.","https:\u002F\u002Fbeehiiv-images-production.s3.amazonaws.com\u002Fuploads\u002Fasset\u002Ffile\u002Fc7aa91ae-e30f-4692-9664-8d5cc0c05daf\u002Fcrown_macro_cover__13_.png?t=1778459519",1778433467,"\u003Cstyle>\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003C\u002Fstyle>\u003Cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\">\u003Cp style=\"color:#2D2D2D;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"> Metals have been under my microscope. \u003C\u002Fp>\u003C\u002Fdiv>\u003Cstyle>\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003C\u002Fstyle>\u003Cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\">\u003Cp style=\"color:#2D2D2D;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"> Last week, we entered our copper long and locked in 2.5% in 48 hours. \u003C\u002Fp>\u003C\u002Fdiv>\u003Cstyle>\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003C\u002Fstyle>\u003Cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\">\u003Cp style=\"color:#2D2D2D;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"> Still, correlations to equities are flipping, and each metal is telling a different story in the positioning data. \u003C\u002Fp>\u003C\u002Fdiv>\u003Cstyle>\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003C\u002Fstyle>\u003Cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\">\u003Cp style=\"color:#2D2D2D;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"> I ran the positioning data, options pricing, and the prior breakout pattern across the metals complex. \u003C\u002Fp>\u003C\u002Fdiv>\u003Cstyle>\n  p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003C\u002Fstyle>\u003Cdiv style=\"padding-bottom:12px;padding-left:15px;padding-right:15px;padding-top:12px;\">\u003Cp style=\"color:#2D2D2D;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:1.5;text-align:left;\"> My model uncovered two new trades to run alongside copper. \u003C\u002Fp>\u003C\u002Fdiv>",true,"both",false,1778490000,"Gold is no longer a diversifier, and new false breakouts across the complex. Metals positioning data points to one trade and one portfolio adjustment.","seven-breakouts-all-faded","confirmed","https:\u002F\u002Fletter.nicholascrown.com\u002Fp\u002Fseven-breakouts-all-faded",[20],"Nicholas Crown",[],"The metals pattern you need to see."]