11/15/2023

Gold advances as yields, dollar slip after US inflation data (Reuters)
US consumer prices unchanged in October

The case for loosening is getting stronger (FT)
As inflation eases, central banks now find themselves at the most difficult point in the policymaking cycle

‘What the Hell Is Going On at the FDIC?’ Lawmakers Grill Agency Chairman (WSJ)
Accounts of alleged harassment, toxic culture within bank regulator

11/14/2023

Important Silver Demand Drivers To Effectively Double Rate Of Growth Over Next Decade (Silver Institute)
New research indicates that silver industrial demand is forecast to increase 46 percent through 2033

Swiss investors buck the trend of gold ETF divestment (Heraeus)
Funds based in Switzerland bucked the market trend in October by increasing the gold held by 691 koz, or 8% of total Swiss funds’ holdings

Gold demand surges from India to Hong Kong despite price rally linked to Israel-Gaza war (SCMP)
Asia’s legendary appetite for gold is intact in the run-up to peak festival and wedding season

11/13/2023

Gold miners’ AISC still rising, but at a slower pace (World Gold Council)
In Q2’23 the gold miners’ global average all-in sustaining cost (AISC) rose to US$1,315/oz

Here’s Why Moody’s ‘Negative’ U.S. Credit Outlook Matters (Forbes)
Congress continues to fail to pass a budget, a government shutdown next week appears increasingly likely

More than half of Singapore’s rich investing more in safer assets like cash, gold (StraitsTimes)
Study surveyed more than 460 HNWIs in Singapore, Hong Kong, Japan, Thailand, the Philippines, Taiwan and Australia

11/9/2023

UK Sanctions Gold and Oil Traders in New Russian Clampdown (Bloomberg)
UK restricts gold trader Paloma and Howard Jon Baker

Gold ETFs Record Fifth Successive Monthly Outflow In October (Forbes)
Net outflows from these physically backed funds amounted to $2 billion (or 37 tonnes) last month

PLATINUM FOR THE WIN (World Platinum Invest Council)
Next year’s Olympic Games will showcase how platinum-based hydrogen technology can help achieve the goal of net zero

11/8/2023

Gold mining ETFs fail to keep pace with benchmark bullion fund (Reuters)
The correlation between gold prices and gold miners’ shares stands at 0.6 in 2023, down from a historical level of 0.8

Gold retreats as safe-haven rally fizzles, palladium hits 5-year low (CNBC)
“the sooner the first rate cut gets pushed in the forecast, the better it is for gold”

Gold Outlook to Q3 2024 (Wisdomtree)
Galvanized by geopolitics

11/7/2023

Gold stays steady as rates remain at 22-year high (Heraeus)
Possible we will see some of this ‘war premium’ dissipate over the next few weeks..

WeWork’s Multibillion Rescue Couldn’t Save It From Office Bust (Bloomberg)
Once worth $47 billion, set to file bankruptcy, CRE is imploding..

Israel-Hamas conflict pushing gold price to highs, says Newmont boss (FT)
“There are certainly scenarios that you could see it pushing up through record highs, Unfortunately those scenarios for our society aren’t great.” 

11/6/2023

China is Hoarding the World’s Gold (Newsweek)
Responsible for acquiring 181 tonnes out of a total 800 tonnes purchased by central banks worldwide..

Gold ETFs Rebound (NASDAQ)
Can the Momentum Continue?

Colombia Accelerates Plan to Recover Up to $20 Billion in Sunken Treasure (Bloomberg)
The 62-gun Spanish galleon was sunk in battle by the British in 1708

11/3/2023

Gold and oil take centre stage as geopolitics rise to the fore (Wisdomtree)
Gold continues to defy its historic relationship with bonds, with bond prices falling hard while gold prices have risen..

Metals Insights: Three Factors Keeping a Floor Under Gold (CME Group)
For a second time this year, gold has crossed its key psychological level of $2,000

Why the Fed’s decision to hold rates steady could lift gold back above $2,000 (MarketWatch)
Strong U.S. yields should help underpin the dollar, and provide at least somewhat of a headwind for gold

11/2/2023

Powell Hints Fed Is Done With Hikes in Pivot Cheered by Markets (Bloomberg)
2 Year Yield Plunges..

HSBC Takes Stab at Using Blockchain to Modernize London’s Antiquated Gold Market (Bloomberg)
One token on HSBC’s new system is equivalent to 0.001 troy ounce

Gold supported in 2024 by bets on monetary policy easing (Reuters)
The latest poll shows just 55% of economists say the Fed will cut by mid-2024

11/1/2023

China leads record central bank gold buying in first nine months of year (FT)
Central banks in emerging markets look to reduce reliance on US dollar for reserves holdings.

Silver-Based Gel With Amino Acids 100 Times More Effective Than Conventional Silver Drugs (Silver Institute)
Production of this gel is inexpensive and non-toxic

Biden’s New AI Executive Order Is Regulation Run Amok (Forbes)
May prove one of the most dangerous government policies in years..

10/31/2023

BlackRock warns investor disdain for mining threatens green transition (FT)
Complacency over supply of transition metals..

Be Smart — How To Recession-Proof Your Portfolio With Gold (Forbes)
Suggests 20-25% of wealth be invested in gold and/or silver

Universal basic income is working — even in red states (BusinessInsider)
“Economically stable people make better neighbors. When they aren’t worried about how they’re going to pay their bills, they tend not to come through your window at night.”

10/30/2023

Gold Is Now Beating the S&P 500 This Year (WSJ)
Gold up 9.3% this year, while the benchmark for U.S. stocks is up 7.7%

The Nasdaq’s fallen into a correction (YahooFinance)
Down about 23% year-to-date

Top gold refiner exits Swiss industry group over sourcing fight (Mining)
IValcambi SA has resigned from the Swiss gold refining association

10/27/2023

US economic growth accelerated to 4.9% in third quarter (FT)
8.0% increase in defense spending…

The US can’t grow its way out of its $33 trillion debt mountain (BuisnessInsider)
The government is on track to hit a record-high debt-to-GDP ratio by 2029

What’s Driving the Price of Gold? (NASDAQ)
Interview with Ruth Crowell, CEO of LBMA

10/26/2023

More alarm bells sound on slowing demand for electric vehicles (Reuters)
High interest rates are derailing the ambitions of climate regulators and automakers to accelerate the shift to electric vehicles

How Romans pioneered silver recycling (Mining)
Gold impurities in silver coins and lead pollution in Greenland ice show that the Romans were pioneers of recycling

Interview: 3D Printing Platinum in the Jewelry Sector (3DPrint)
The most common method for precious metal Additive Manufacturing, is based mainly on laser powder bed fusion

10/25/2023

Precious metals’ place in a portfolio (ABRDN)
Precious metals largely remain an underutilized and overlooked investment option.

Scientists Solve Mystery of Precious Metals in Earth’s Mantle (ExplorersWeb) (PNAS)
Elements that came to Earth through impacts from giant asteroids and protoplanets, all bind easily to iron

US consumers selling their gold to make ends meet  (KITCO)
The gold market continues to prove its worth as an essential store of value

10/24/2023

PRECIOUS APPRAISAL (Heraeus)
Gold surprisingly resistant in the face of yet higher treasury yields.

Behind the Curtain: Rattled U.S. government fears wars could spread (Axios)
U.S. officials say this confluence of crises poses epic concern and historic danger

Central Banks Support Gold & Solar PV Demand Buoys Silver  (Sprott)
Green technologies have emerged as the largest demand vector for silver

10/23/2023

China weighs options to blunt U.S. sanctions in a Taiwan conflict (Reuters)
Gold-denominated bonds?

Gold rallies as geopolitical turmoil overshadows rising bond yields (FT)
Gold breaks its long-term correlation with US Treasuries

Gold miners’ fat profits  (Mining)
Q3 profits are poised to skyrocket

10/20/2023

Powell says inflation is still too high and lower economic growth is likely needed to bring it down (CNBC)
The central bank would be “resolute” in its commitment to its 2% mandate..

Researchers in Japan succeed in collecting deep-sea gold using algae (NHK)
They collected gold from near a 700-meter-deep hydrothermal vent

OTC demand pushing gold to Asia could be why prices can withstand 5% bond yields  (KITCO)
This past year, 500 family investment offices were opened in Singapore, compared to about 40 per year pre-COVID

10/19/2023

China Sells Most US Securities in Four Years Amid Yuan Weakness (Bloomberg)
The treasury sell off continues…

The Myth of the Great Boomer Wealth Transfer (BusinessInsider)
Probably going to spend all their savings before they can pass anything down to their children..

ECB starts preparation for digital euro in multi-year project  (Reuters)
Small step in a multi-year project

10/18/2023

Have central banks lost control over the gold price? (GoldMoney)
IGold prices have completely detached from model-predicted values.

Bank of America’s unrealized losses on securities rose to $131.6 bln (Reuters)
Is this real life?

Yellen says U.S. can simultaneously support Israel and Ukraine war aims  (MarketWatch)
33 trillion in debt, but can afford 2 foreign wars simultaneously…