4/15/2024

New Sanctions on Russia to Drive Even More Metals Sales to China (Bloomberg)
Shanghai becomes the only major bourse to accept Russian metal

China’s gold markets under strain as horde of new buyers hunts for stable investment (SCMP)
Standing out as one of the few bets considered safe in China at present – with stocks, property and banking having lost their lustre in an environment of heightened uncertainty.

Gold Climbs Toward Record After Iran’s Strike Against Israel (Bloomberg)
Bullion has risen almost 20% since the middle of February.

4/12/2024

What Does the Gold Price Breakout Mean? (Sprott)
75% of investment advisors have less than 1% exposure to gold

From Transitory to Debasement (Bytetree)
Asset allocators have been selling gold to the tune of 12 million ounces in 12 months…

Record-breaking gold highlights silver and platinum’s potential (Saxo)
The fear of missing out has created a strong buy-on-dip mentality among precious metal traders and investors.

4/11/2024

Why Gold Prices Continue to Break Records (Bloomberg)
HSBC Chief Commodities Analyst James Steel discusses the gold market’s latest surge, particularly in China and India.

WisdomTree Gold Monthly (Wisdomtree)
Gold remains highly sensitive to rate cut probabilities…

Markets slash rate cut bets after US inflation rises to 3.5% (FT)
Figures for consumer prices and core inflation exceed expectations.

4/10/2024

Silver may be even more exciting than the gold rally, says BNP Paribas Wealth Management (CNBC)
Edmund Shing, chief investment officer at BNP Paribas Wealth Management, discusses the outlook for gold and silver prices.

Gold Ignores Negative News: Bulls Overexuberant? (Investing)
Signals of a strong economy and inflation – highlight gold’s property of retaining value.

‘Gold Could Rush All The Way To $3000/Oz With Silver Following (Forbes)
CITI said the prospect of lower interest rates, combined with flat demand for alternatives, geopolitical hedging, and financial buying to catch up with robust physical demand, working in sync to push the bullion complex higher.

4/9/2024

The gold market hunts for answers behind bullion’s sudden surge (Yahoo)
Chinese consumers are worried about wilting returns in other assets and a depreciating currency.

Gold to surge to $2500, UBS predicts (Proactive Investors)
The “usual” ETF buyers have even remained net sellers.

‘They can’t get it wrong again’: Economists are increasingly uncertain about Fed rate cuts this year (CNBC)
The U.S. Federal Reserve is determined not to reduce interest rates too soon — and some economists say recent data has pushed a summer cut completely off the table.

4/8/2024

How Much Are the Ultra Wealthy Really Investing in Gold? (Yahoo)
The average UHNWI holds about 2% of their net worth in gold.

Gold’s Stealthy Bull Market Confuses Even Its Fans (Bloomberg)
There was a time when every record high for gold was greeted with huge excitement from the “goldbug” community.Now? It’s sort of shrugged off.

The end of the gold standard and the beginning of the recovery from the Great Depression (CEPR)
2024 marks the 80th anniversary of the Bretton Woods conference, which led to a major shift from the operation of the gold standard in the interwar years.

4/5/2024

Zimbabwe to launch ‘gold-backed’ currency to replace collapsing dollar (FT)
Many in the southern African country prefer to keep their money at home..

With palladium oversold and platinum’s attractive fundamentals, both metals have upside (CME Group)
The fall in the palladium price has closed the differential with platinum, with the sister metals now priced near parity for the first time since 2018.

Einhorn Bets Big on Gold Amid Inflation, Eyes Value Stocks (Super News)
David Einhorn warns inflation may be reaccelerating, doubting the Federal Reserve will cut rates more than twice this year, if at all..

4/3/2024

Is The Silver Market Breaking Out? (Investing Haven)
If silver rises above 26.50 USD/oz, and stays there for 5 to 8 consecutive days, silver’s breakout will be confirmed.

It makes sense to hold up to 20% of your portfolio in gold – State Street’s Milling-Stanley (KITCO)
“A portfolio can benefit from a long-term strategic allocation between 2% and 10%. And if you are experiencing or anticipating exceptional volatility in markets, then it makes sense financially to double your allocation to gold”

China eases restrictions on gold imports (Mining)
Around 1,500 tonnes of metal worth some $60 billion – equivalent to one-third of the world’s total supply – entering the country last year.

4/2/2024

Gold Hits Another High—Despite A Strong Stock Market And Economy. Here’s Why. (Forbes)
$3.3 trillion. That’s the amount of gold held by investors, according to JPMorgan Chase.

Gold rallies, stocks ease as rate cut optimism fades (Reuters)
CPI, PPI and PCE – show improvement has leveled off, leading to questions about when and by how much the Fed cuts.

Commodities will rally when the U.S. Federal Reserve cuts rates: commodity strategist (Bloomberg)
In months before and after the start of easing cycles, raw material prices typically have positive returns.

4/1/2024

Gold Hits New Record Prices (Again). Can The Precious Metal Continue To Climb? (CPM Group)
For the third time in March, Gold has hit a new record price.

Gold Futures Soar to Historic Highs: Eyes on Inflation, GDP Data for Next Move (Investing)
Central Banks had a big impact on gold and silver last week.

Currency risks will drive gold and silver sky-high by year-end – BMO Capital Markets (KITCO)
BMO sees gold prices averaging around $2250 an ounce in the fourth quarter.

3/27/2024

Rate cuts are a good environment for gold investment, says World Gold Council’s Joe Cavatoni (CNBC)
World Gold Council Market Strategist, joins ‘Closing Bell: Overtime’ to discuss gold as the commodity nears all time highs.

GOLD INVESTING HANDBOOK FOR ASSET MANAGERS (World Bank)
The available empirical evidence suggests that some reserve managers respond to relative costs and returns by increasing the share of gold in their reserves when the expected return on financial assets such as US Treasury securities is low, while viewing gold as a hedge against economic and geopolitical risks

Cocoa breaks $10,000 a tonne as shortages squeeze ‘out of control’ market (FT)
Cocoa futures traded as high as $10,080 in New York, more than double their price only two months ago, as traders warned a global shortage of cocoa beans would herald higher price tags for chocolate bars.

3/26/2024

Is it a golden era for gold? (JP Morgan)
The metal has historically delivered attractive long-term returns, appreciating ~8% on an annual basis over the past 20 years.

Palladium demand supported for longer after new US emissions law changes (Heraeus)
The US has announced less severe emissions targets that will effectively allow for more catalysed car sales.

Citadel CEO Ken Griffin shares his views on the markets and the industry in 2024 (CNBC)
“There’s no country that’s going to bail America out. We’re going to right our own ship. There’s no IMF for the United States of America.”

3/25/2024

Gold prices to hit $2,200 and a ‘dramatic’ outperformance awaits silver in 2024, says UBS (CNBC)
As interest rates dip, gold becomes more appealing compared to alternative investments like bonds.

Exploring the catalysts for a PGM resurgence, with World Platinum Investment Council’s Edward Sterck (Investor Steam)
With the global pivot towards green technology, Platinum Group Metals such as platinum, palladium and rhodium will continue to play a central role in that transition.

Nicholas Frappell: Gold Price Targets for 2024 and Key Drivers to Watch (NASDAQ)
He described US$2,580 as a “much lower probability outcome,” saying it’s more like one in eight.

3/22/2024

Gold takes a breather after record, Fed-fuelled rally (NASDAQ)
Traders are now pricing in a 70% chance that the Fed will begin cutting rates in June, up from 65% before the rate decision.

Gold still has upside, despite new record high – BofA Securities (Investing)
BofA Securities still sees owning gold as one of its top trades for 2024.

U.S. Sues Apple, Alleges Tech Giant Exploits Illegal Monopoly (WSJ)
Justice Department says company makes it difficult for competitors to integrate with iPhone

3/21/2024

Gold Jumps Above $2,200 an Ounce for First Time on Dovish Powell (Bloomberg)
Bullion has rallied around 11% since the middle of February.

Turks pile into the dollar, gold and stocks as 67% inflation savages ‘worthless lira’ (CNN)
“Since people haven’t seen inflation fall, they don’t trust the Turkish lira anymore”

Peter Krauth: Silver’s Time Will Come, Why Price Hasn’t Moved (Yet) (NASDAQ)
“I believe that you have numerous industrial consumers buying long futures contracts and/or buying silver ETFs, and then asking for delivery. When the futures contracts mature, they can stand for delivery.”

3/20/2024

COT: Hedge funds buying expands from precious metals to copper and grains (Saxo)
A week that included the February US CPI, which topped forecasts, thereby reinforcing the Federal Reserve’s cautious approach to cutting interest rates.

World Gold Council: Global Demand for Gold Will Drive Prices Up in 2024 (Swiss Resource Capital AG)
Interview with Market Strategist Joseph Cavatoni from the World Gold Council at PDAC 2024 in Toronto.

Idaho Senate Passes Bill to Authorize State Gold and Silver Reserves (Tenth Admendment Center)
Holding gold and silver in reserve would also create a pathway for Idaho to maintain financial independence should the U.S. dollar collapse, a very real possibility as the world moves away from the greenback as its reserve currency.

3/19/2024

Does the gold:silver ratio point silver higher? (Heraeus)
Since 2006, the gold:silver ratio has averaged 60.09 during previous gold all-time-high peaks

To the Governor: Wisconsin Passes Bill to Repeal Sales Tax on Gold and Silver (Tenth Admendment Center)
Repealing sales taxes on precious metal bullion takes a step toward treating gold and silver as money instead of commodities.

Gold Shines As Homebuying Affordability Hits A Record Low (Forbes)
Historically, wars have been catalysts for gold price appreciation, and the current geopolitical landscape appears to be no exception.

3/18/2024

“Silver the New Oil the Next Uranium” (Metal Investment Fourm)
Peter Krauth presents at Metals Investor Forum

MYTH OF GOLD: The Magic Metal Born from Stardust (WELT)
Gold is a metal like no other.

Gold Beans All the Rage With China’s Gen Z as Deflation Bites (Yahoo)
Weighing as little as one gram, the beans — and other forms of gold jewelry — are increasingly viewed as the safest investment bet for young Chinese in an era of economic uncertainty.

3/15/2024

Here’s What You Need To Know About Gold’s Long-Term Bull Market (Forbes)
In theory, gold should follow the money supply fairly closely and it does.

Where does gold go now? (IG)
Both The Economist and Barron’s have featured covers with bullish market predictions, which could actually be a contrarian signal.

The Biggest Bank Heist in History Is Coming (Coinbase)
Regulators are permitting banks to tokenize financial assets such as bank deposits, U.S. Treasuries and corporate debt.

3/14/2024

Gold Expected to Shine Amid Uncertainty (BMO)
Market participants typically dislike uncertainty…

Gold: Unique in every way (Wisdomtree)
Gold has exhibited equity-like returns of +8.5% per annum over the last 20 years with very minimal downside capture.

Bitcoin ETF Volumes Overtake Gold (Bytetree)
Bitcoin and gold assets combined amount to $237bn, and Bitcoin has a 31% growing share…