Gold, Silver & Other Precious Metals 19 (Oct 24 - Dec 26)

[winston]

This Precious Metal’s Bull Market Could Just Be Getting Started

by Marc Lichtenfeld

My prediction: Gold hits $14,000 by 2034 – maybe sooner if momentum accelerates.

Source: Wealthy Retirement

https://dailytradealert.com/2026/03/05/ ... g-started/

[winston]

Indian women emerge as biggest winners in current gold rally: Julius Baer

Accumulating gold has been a tradition passed down among Indian women for centuries, and they are estimated to hold about 16 percent of the world’s gold reserves,

Source: The Standard

https://www.thestandard.com.hk/finance/article/326051/

[winston]

Gold stuck in Dubai is being sold at a discount as war widens

High shipping and insurance costs and delivery delays, have led many buyers to halt placing new orders

Many buyers have stepped back from new orders, unwilling to pay exceptionally high shipping and insurance costs with no guarantee of prompt delivery.

As a result, rather than paying indefinitely for storage and funding, traders are offering discounts of as much as US$30 an ounce to the global benchmark in London,

The United Arab Emirates (UAE), and Dubai in particular, is an important centre for refining and exporting bullion to buyers across Asia, as well as a conduit for shipments from Switzerland, the UK and several African countries.

Buyers in India – one of the largest consumers of gold shipped from Dubai – can afford to wait, with near-term demand relatively muted and inventories swollen by a large volume of imports in January.

For new contracts supplied from elsewhere, logistics costs have soared by 60 to 70 per cent since the war began.

Source: Reuters

https://www.businesstimes.com.sg/intern ... war-widens

[behappyalways]

Precious Metals Plunge As Poland Weighs Gold Sales To Fund Defense
https://www.zerohedge.com/precious-meta ... nd-defense

[winston]

China pulls silver from global markets to meet surging demand

By Yihui Xie & Jack Ryan

Demand has come from both retail investors piling into silver bars, an alternative to increasingly pricey gold and solar manufacturers front-loading production ahead of the removal of export tax rebates on April 1.

The solar industry consumes about a fifth of annual supply, and is overwhelmingly located in China.

Source: Bloomberg

https://theedgemalaysia.com/node/796960

[behappyalways]

Chile Central Bank issues first gold purchase in decades amid global turmoil
https://www.mining.com/web/chile-centra ... l-turmoil/



China Buys Gold For 16th Straight Month, Wall Street Sells As Retail Loads The Bullion Boat
https://www.zerohedge.com/markets/china ... llion-boat

[behappyalways]

The gold–oil ratio in reverse: The margin reckoning for gold miners
https://www.livewiremarkets.com/wires/t ... old-miners


GLD monthly fund flows
https://x.com/zerohedge/status/2035130702845419843

[winston]

Why gold did not explode when war began

The US$4,000 mark presents an attractive zone for staggered long-term accumulation of gold, particularly given the strong support from sustained central bank buying around this level.

by Priyanka Sachdeva

GOLD’S muted reaction to the Iran war is not a failure of the safe-haven trade; it reflects the first phase of an energy shock, where inflation expectations strengthen the US dollar and delay gold’s rally. In theory, gold should have surged when the Iran war started.

The key question for institutional investors is why not gold. The answer lies in the US dollar.

In the first phase of an inflation shock, gold is being temporarily outbid by the dollar.

In the second phase, when economic damage becomes more visible and recession risks rise, the dollar weakens, and gold begins to rally.

Source: Business Times

https://www.businesstimes.com.sg/compan ... -war-began

[behappyalways]

Turkey Dumped 58 Tons Of Gold After Iran War Started, Slamming Price
https://www.zerohedge.com/precious-meta ... ar-started

[winston]

Reasons to be bullish on gold

It has suffered a sell-off amid the Middle East war but the precious metal’s compass still points north

by Suki Cooper

Prices have fallen sharply since the start of the Middle East conflict, dropping about 12 per cent.

During the global financial crisis, for example, it took gold more than four months to retrace losses.

It tends to rise 15 per cent on average during recessions, whereas industrially biased commodities tend to be weighed down by negative output growth.

On the downside, the 200-day moving average for gold prices has not been breached since October 2023, suggesting a price floor.

Source: Financial Times

https://www.businesstimes.com.sg/wealth ... llish-gold