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

[behappyalways]

Investors Panic Into Platinum ETFs As South African Power Crisis Threatens Global Supply
https://www.zerohedge.com/commodities/i ... bal-supply

[behappyalways]

200 Years Of Global Gold Production, By Country
https://www.zerohedge.com/commodities/2 ... on-country


New California Gold Rush Coming As Record Snowpack Melts
https://www.zerohedge.com/commodities/n ... pack-melts

[behappyalways]

Central banks are boosting stockpiles of gold in their reserves amid a backlash against the dollar
https://markets.businessinsider.com/new ... dia-2023-5

[winston]

Don’t Buy Gold Now

by Jeff Clark

From a seasonal perspective, the price of gold tends to make an intermediate-term top in April or May. Then, it declines for a few months and makes an intermediate-term bottom sometime between July and October.

Gold has been rallying. But, the technical momentum indicators at the bottom of the chart are making lower highs. This is “negative divergence.” And, it’s often an early warning sign of an impending decline.

Source: Jeff Clark Trader

https://dailytradealert.com/2023/05/10/ ... -gold-now/

[winston]

Looking forward

The strong run-up y-t-d has left gold in need of a catalyst to break beyond its all-time high: one likely contender is a sharp equity correction, as valuations remain lofty in the face of deteriorating fundamentals

Gold’s performance during sharp equity corrections has almost always been positive but has varied quite a bit in magnitude; prior gold returns and the level of real interest rates are key factors

At current levels these two factors suggest gold’s response to a sharp equity sell off could sit in the upper end of the historical range.

Source: World Gold Council

[behappyalways]

Physical Gold Investment Up 5% In First Quarter
https://www.zerohedge.com/markets/physi ... st-quarter

[behappyalways]

​​Why do global central banks buy gold so much?
'23.05.09【豐富│東南西北龍鳳配】Pt.4 全球央行為何大買黃金？
https://m.youtube.com/watch?v=Y737lDVwk3U


"Little Golden Bean" has become a new financial choice for Chinese young people! The international gold price has soared to a record. The entry threshold for "Little Golden Bean" is low. Chinese people hoard goods and buy wildly. Expert: Banks buy gold to increase the status of RMB
"小金豆"成中國年輕人理財新選擇! 國際金價創紀錄飆漲 小金豆入手門檻低 中人民囤貨狂買 專家:銀行買黃金增加人民幣地位｜記者 林芷綺｜【國際大現場】20230509｜三立新聞台
https://m.youtube.com/watch?v=3NMV65IjOBY

[behappyalways]

Platinum Market "Entering Substantial Deficit This Year"
https://www.zerohedge.com/commodities/p ... ficit-year

[winston]

Silver May Explode Higher

By Avi Gilburt

At this time, I am still expecting a fast and strong rally to $2,200+ for gold in the coming months.

And, a break out over $2,085 will likely now be the trigger.

But silver is providing a relatively low-risk buying opportunity, as it is set up to see a very strong upside follow-through when this pullback completes.

To keep it very simple, we have been outlining our expectations for the pullback we are now seeing in silver, and it is now striking our general target region for this expected pullback.

As long as silver holds over $22.50, I am expecting this pullback to complete over the coming week or two and set us up for a strong rally which should be pointing us north of $27 rather quickly.

Source: investing.com

https://www.investing.com/analysis/silv ... s_headline

[winston]

Is a Cyclical Bull Market Underway in Gold Mining Sector?

By Steve Saville

Gold mining stocks (represented by GDX (NYSE:GDX)) doubled-bottomed relative to general mining stocks (represented by XME) between August of last year and February of this year.

The gold sector reversed upward relative to the oil sector (represented by XLE) during the final quarter of last year. This chart suggests that the new trend involving strength in gold stocks relative to oil stocks is still in its infancy.

Source: investing.com

https://www.investing.com/analysis/is-a ... s_headline