Gold, Silver & Other Precious Metals 17 (May 19 - Dec 24)

[behappyalways]

Why Costco And Millennials Are Suddenly All About Gold
https://m.youtube.com/watch?v=Y2O68uKGbR0


Which Central Banks Are Selling Gold?
https://www.zerohedge.com/markets/which ... lling-gold

[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