Gold is coming into strong summer seasonality
https://x.com/Mayhem4Markets/status/1939280936438534243
Emerging market stocks are up double digits in 2025.
Developed markets outside the U.S. are up nearly 20% as a group.
And gold has rallied roughly 30%. Silver is up 26% in 2025.
The gold-to-silver ratio recently broke above 100. That’s the second-highest reading ever.
Gold and silver are both performing well right now. Gold should keep moving higher. But if you want to make the big money, silver is the place to invest today.
The metal soared 33% over a recent 10-week stretch. That’s one of the largest 10-week rallies in its history. And it happened because of China’s new gold problem…
You see, as gold prices soar, Chinese jewelers are turning to platinum. It’s more affordable after gold’s massive surge over the past few years.
The country has been importing huge amounts of platinum in recent months. This new and unexpected uptick in demand has helped catapult prices higher.
Gold’s big rally is driving this new demand for platinum… And as I explained yesterday, higher gold prices are still likely from here.
That means this trend should continue for platinum. And if that’s the case, a major crash isn’t likely. Instead, the massive rally we just saw could be only the beginning, with much higher platinum prices on the way.
Over the past two weeks, the price of gold and the SPDR Gold Shares ETF (GLD) have both fallen more than 5%.
Despite the recent 5% pullback, prices are still holding above their rising 50-day moving average, and the longer-term 200-day trend remains firmly bullish.
What we’re seeing is a classic overbought reset following a vertical rally.
Four key fundamental tailwinds that are aligning in gold’s favor:-
1. Exploding U.S. Debt
2. The U.S. Dollar Is in a Stealth Bear Market
3. The Bond Market Is Flashing Warning Signals
4. Central Banks Are Buying and Now They Want Their Gold Back
Last week, the Financial Times reported that both Germany and Italy—two of the largest gold holders after the U.S.—are facing public pressure to move their bullion out of New York and back to Europe.
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