Gold, Silver & Other Precious Metals 18 (Jan 23 - Dec 25)

[behappyalways]

The Fed now admits some countries are moving to gold. But says it’s a small group.
https://x.com/balajis/status/1796208316907126841

[behappyalways]

Biggest mean reversion trade on the board
https://x.com/LukeGromen/status/1796276029356384504

[behappyalways]

In the first quarter of 2024, China increased their buying of gold bars by 68%. They continue to dump US treasuries. India is bringing back 100 tons of gold that was stored in the UK. Read the signals...
https://x.com/GarethSoloway/status/1797357199397917086

[behappyalways]

Gold slumps as China’s central bank halts 18-month buying spree
https://www.businesstimes.com.sg/intern ... ying-spree

[winston]

Gold prices expected to trend higher

By DALJIT DHESI

The stage is set for gold prices to potentially shine further this year, buoyed by uncertainties triggered by geopolitical risks, the trade war between China and the United States and the likely gradual interest rate cuts by the US Federal Reserve (Fed).

Anticipation of central banks easing monetary policy globally, continued gold purchases by central banks, geopolitical concerns and gold’s role as a safe haven and portfolio diversifier.

Essential to acknowledge potential risks which include a prolonged delay in the Fed’s policy pivot, an unexpected rate hike by the Fed (which is not our base case) or a significant reduction in geopolitical tensions.

Exchange-traded funds continue to liquidate but over-the-counter and real money purchases have been strong. Net long positions on the Chicago Mercantile Exchange are high but may not rise much further. Market sentiment is clearly bullish and while the near-term upward trajectory shows no signs of slacking, we think prices are progressively overstretched.

Source: The Star

https://www.thestar.com.my/business/bus ... end-higher

[behappyalways]

South Korea Has Gold Bar Vending Machines...And They're Selling Out
https://www.zerohedge.com/markets/south ... elling-out

[behappyalways]

Gold is getting harder to find as miners struggle to excavate more, World Gold Council says
https://www.cnbc.com/2024/06/10/gold-mi ... uncil.html


Gold ETFs Globally Report Inflows For First Time In A Year
https://www.zerohedge.com/commodities/g ... -time-year

[behappyalways]

International gold prices plummet!
Mainland gold jewelry prices are reduced.
A 30-gram gold bracelet can save nearly NT$10,000.

國際金價跳水! 大陸黃金飾品降價 30克金手鐲可省近萬元新台幣｜TVBS新聞

https://m.youtube.com/watch?v=ocVLKw-9hHU

[behappyalways]

Millennials love to buy small gold bars, geopolitical impact could see gold price at US$3,000
千禧世代愛買小金條 地緣政治影響金價上看3000美元｜FOCUS午間新聞 20240613 ‪@tvbsfocus‬
https://m.youtube.com/watch?v=WGh4Hdewyu0


Silver Demand In The Solar Sector Could Squeeze Silver Supply In The Future
https://www.zerohedge.com/commodities/s ... ply-future

[winston]

These Stocks Are Overbought Right Now

by Sean Michael Cummings

Gold prices have risen 12% year to date. And mining stocks have stormed higher, too. The gold-mining sector has soared about 21% since March.

We expect this huge gold rally to continue from here. But at least in the short term, trouble is on the horizon for mining businesses…

We should see future gains for mining companies as the gold rally continues. But if you’ve been debating buying into the boom, you might want to wait a bit longer before joining in…

And if you are invested in miners, keep an eye on your position, and expect some volatility ahead.

Source: Daily Wealth

https://dailytradealert.com/2024/06/18/ ... right-now/