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

[behappyalways]

The rise of gold is a sign of distrust in the United States!

24.04.16【豐富│東南西北龍鳳配】Pt.2 黃金的上漲，是對美國的不信任！

https://m.youtube.com/watch?v=oG10nTDDBn8

[winston]

These Stocks Are Due for a Shake Out

by Jeff Clark

I still like the idea of owning gold stocks for the intermediate- and longer-term timeframes. I expect the sector will be even higher by the end of the year.

For the short-term, though, I’m skeptical. Investor sentiment towards gold stocks has gone from bearish to bullish too fast. This is happening just as we are entering a seasonally weak period for the sector.

Rather than chasing prices higher, traders will probably do better by being patient and waiting for the gold sector to work off its current overbought conditions.

Chances are, we’ll get a better opportunity to buy the gold stocks a few months from now.

Source: Jeff Clark Trader

https://dailytradealert.com/2024/04/24/ ... shake-out/

[behappyalways]

How Nvidia Uses Gold
https://www.zerohedge.com/markets/how-nvidia-uses-gold


Chinese Have "Grabbed Gold By The Throat" As Capital Flight Accelerates
https://www.zerohedge.com/commodities/c ... ccelerates

[behappyalways]

South Korea is crazy about "small grams" of gold.
Supermarkets set up vending machines to grab the market.
Is it the best choice for hedging?
Chairman: Gold prices are still optimistic about soaring

南韓瘋"小克數"黃金 超商設販賣機搶市 最佳避險首選? 分席師:金價仍看好飆升 │記者 黃瓊慧 │【國際大現場】20240424│三立新聞台

https://m.youtube.com/watch?v=tu8xKaEu89s

[winston]

Billionaire investor David Einhorn shares an overlooked theory for why gold prices have spiked so much

by Yuheng Zhan

The recent gold rally is counterintuitive, as high interest rates typically make bullion less attractive.

But billionaire investor David Einhorn has a theory that he shared in his latest investor letter.

Einhorn suggests that gold's rally is potentially due to countries in the East buying gold from Western nations.

For 17 months straight, the PBOC has been gobbling up gold, increasing its holdings by 16% in that time.

David Rosenberg predicts another 15% upswing in the price of the yellow metal, with a potential 30% on the table as central banks consider rate cuts, but he emphasized that gold can rally no matter if the economy ends up having a soft landing or a deeper recession.

Market guru Ed Yardeni, meanwhile, predicts gold could surge to $3,500 by next year, hinting at a potential 50% upside.

Ray Dalio, say gold can hedge risks stemming from high government debt levels.

Source: Business Insider

https://finance.yahoo.com/news/billiona ... 02305.html

[winston]

China has been ramping up its gold purchases

Based on official figures from the People’s Bank of China (PBoC) – which may not be entirely accurate – the country has boosted its gold reserves by 365% during the last 10 years – from $40 billion to $186 billion.

Importantly, China’s gold-buying activity has been gaining momentum recently. According to the World Gold Council, the PBoC reported the 17th straight monthly purchase in March.

During the first quarter alone, the PBoC purchased 27 tonnes of the shiny rock – equivalent to nearly 10% of yearly global gold production.

Source: Investor Place

[winston]

Buy This Precious Metal Before It Goes Even Higher

by Rich Checkan

I have been watching this market intently for decades. The next leg up in gold’s ascent is taking shape.

If you believe you can’t afford gold, you are missing the point.

You can’t afford not to buy gold.

Source: Total Wealth

https://dailytradealert.com/2024/04/30/ ... en-higher/

[behappyalways]

"The Only Safe Asset" - Chinese Consumers Overtake India In Gold-Buying Frenzy
https://www.zerohedge.com/commodities/o ... ing-frenzy

[behappyalways]

South Korea's Central Bank Says May Buy Gold In The Mid To Long-Term
https://www.zerohedge.com/commodities/s ... e_vignette

[winston]

Why Aren’t Gold Stocks Matching Gold’s Performance?

If it costs a producer $1500 to mine an ounce of gold and the price rises from $2000 to $2100, their profit jumps from $500 to $600 an ounce. In this case, a 5% increase in the price of gold should lead to a 20% jump in profits.

Several factors have eroded profits for gold producers:
1. The easy-to-reach, high-grade deposits have already been mined
2. Most of the input costs for gold miners have increased
3. Safety is taken far more seriously than it used to
4. The environmental impact of mining is also taken more seriously
5. Most producers have stopped or reduced hedging in the last decade

All-In Sustaining Costs (AISC)
AISC includes the costs over the life of a mine, including explorations and capital expenditure.

Source: Simply Wall Street