5/8/2024

U.S. Election Dynamics Looking Positive for Gold (TD Securities)
Sky-High Deficits and More Adversarial U.S.-China Relations a Manna for Gold.

PRECIOUS APPRAISAL (Heraeus)
Central bank gold purchases were a record for the first quarter.

As gold hovers near record highs, some experts warn against going all in (Yahoo Finance)
“It does really well when completely unexpected things happen”

5/6/2024

Monthly Gold Compass (Incrementum)
Gold Performance in Major Currencies Averages 15.6% in 2024.

Putting gold on a blockchain (Gold Money)
This initiative is driven by environmental concerns that the mining and processing of gold bars should be ESG compliant.

China has a ‘fake gold’ problem — locals are getting scammed into buying artificial jewelry (CNBC)
“The main thing a consumer can do to protect themselves is to buy from reputable sources, whether this is online or in-store.”

5/3/2024

Silver Industrial Demand Rose 11% in 2023 Reaching a New Record (Silver Institute)
Silver Demand for Photovoltaics Increased 64%, Surpassing Estimates.

A dip in gold prices is a buying opportunity – UBS (Investing)
“Pullbacks are frequent and have been relatively short lived”

Silver and the coming monetary reform (Kitco)
Analysis of two similar economic cycles over the last century reveals some interesting facts about silver…

5/1/2024

Why gold’s “strange” rally could continue (Goldman Sachs)
Two sources of demand could drive the metal even higher.

Multi-Asset Strategies: Exploring a versatile toolkit (Mercer)
Is the 60/40 portfolio dead?

MKS’ Nicky Shiels asks if Costco gold is the market’s new ETF moment (Kitco)
“Costco has done more for sentiment and opening new channels when trust has completely broken down post-COVID.”

4/29/2024

When Gold and Silver Diverge, Investors Should Take Note (Bloomberg)
Although gold and silver tend to track each other from a price correlation standpoint, the two precious metals also experience frequent divergences, and typically due to unique influences.

Is it too late to invest in the gold rush? (FT)
Demand from China drove prices to a record high this month — now many suspect the normal rules no longer apply.

India’s gold market update: unprecedented gold price rises, suppressed consumer demand and rising official gold reserves (WGC)
The domestic gold price remains at a discount in relation to the international price, although in April discounts have narrowed.

4/26/2024

Russian court orders seizure of $440mn from JPMorgan (FT)
The tit-for-tat continues…

Nebraska Ends Income Taxes on Gold and Silver, Declares CBDCs Are Not Lawful Money (Gold Seek)
Meanwhile, Iowa, Georgia, Oklahoma, Missouri, West Virginia, and Kansas are actively considering similar legislation in 2024…

The gold price has peaked as World Bank sees 8% gains this year, with some upside risk (KITCO)
In 2024, demand for silver is expected to increase modestly, driven by its dual appeal as both a financial asset and an industrial commodity.

4/25/2024

Is silver the new gold? (IG)
The gold-silver ratio is predicting substantial growth in silver value

Gold’s Record-Setting Rally May Have Its Roots in Chinese Frenzy (BNN Bloomberg)
“We know from other commodity markets, that from time-to-time, Shanghai traders become the most dominant players. That’s never really been the case in gold, but I think now that this might have changed.”

Speculative froth departing gold as China tightens trading conditions (Metals Daily)
The SHFE further adjusted the daily price limit for gold and silver futures to 8%, while increasing the hedging trading margin requirement to 9% and the speculative trading margin requirement to 10%.

4/24/2024

Chinese speculators super-charge gold rally (FT)
Huge bullish bets on Shanghai exchanges show growing clout of Asian traders in market for precious metal

Why gold weakness might be an opportunity for investors (CNBC)
Nicky Shiels, MKS PAMP SA head of metal strategy, joins ‘Fast Money’ to talk the recent drop in gold prices.

Speculative froth departing gold as China tightens trading conditions (Metals Daily)
The SHFE further adjusted the daily price limit for gold and silver futures to 8%, while increasing the hedging trading margin requirement to 9% and the speculative trading margin requirement to 10%.

4/23/2024

Gold drops more than 2% to one-week low as Middle East worries ebb (CNBC)
“Some risk of an imminent retaliation in the Middle East has been removed, which has attracted some selling activity in gold. But the question is how much scope there is to the downside”

PRECIOUS APPRAISAL (Heraeus)
Yesterday’s bad news is today’s good news for the gold price

Gold Price Suffers Biggest Daily Loss In 2 Years (Forbes)
Gold prices now sit almost 4% below their all-time high of over $2,400 achieved earlier this month

4/22/2024

GOLD – We need to talk about China… (Metals Daily)
Chinese people like to gamble … on stilts, with a very tall hat.

Umicore launches Nexyclus™, a unique guarantee for fully recycled precious metals, including PGMs (Umicore)
Customers can choose between three recycled content offerings and chain of custody certifications.

How Canadian Gun Smugglers Pulled Off the Biggest Gold Heist in Years (WSJ)
A man driving a truck pulled up at Toronto’s airport with fake documents and drove off with $14.5 million in gold bars.