Global Economic Intersection Metals Blog Feed

Gold Is Catching A Bid On Pandemic And Inflation Fears. Are You Participating?

Wed, 14 Jul 2021 01:14:52 CDT

by Frank Holmes, U.S. Global Investors

Gold notched its third straight week of higher prices as the yield on the 10-year Treasury dipped below 1.3% for the first time since February. The highly transmissible Delta variant was also ruled the most dominant strain of coronavirus in the U.S., threatening economic growth and raising uncertainty about the next interest rate hike.

So Maybe Gold Actually Does Suck

Mon, 05 Jul 2021 03:49:08 CDT

by Rick Ackerman, Rick's Picks

I was premature when I gave the green light to gold bulls five weeks ago. "If you're a bullion investor," I wrote at the time, "you can buy the stuff now without fear or qualm." Had you taken this advice, you'd have gotten aboard just in time to get smashed in the head, since gold was about to have its worst week in six months. I made my recommendation seem even more foolish by running it under the headline Gold Really Sucks. Here's Why. This was just a ploy to grab the attention of gold bulls, since the commentary itself, as readers soon realized, was quite bullish.

Gold Is The Ultimate Contrarian Investment Right Now

Thu, 01 Jul 2021 23:50:30 CDT

by Frank Holmes, U.S. Global Investors

Legendary global investor John Templeton once said that the best time to buy was when there was "maximum pessimism," and the best time to sell was when there was "maximum optimism."

This type of contrarian investing takes great conviction and nerves of steel, but its practitioners - Templeton included - can be rewarded handsomely. The trick is to find the opportunities.

Can't Decide Between Gold Or Bitcoin? Why Not Both?

Fri, 18 Jun 2021 00:49:42 CDT

by Frank Holmes, U.S. Global Investors

Paul Tudor Jones is super bullish on Bitcoin right now and may give the crypto the same 5% weighting as gold, commodities and cash.

Two years ago this month, the billionaire hedge fund manager said that gold was his favorite trade in the next 12 to 24 months due to geopolitical disruptions, among other factors. The yellow metal "has everything going for it," he told Bloomberg.

Gold Really Sucks. Here's Why...

Tue, 01 Jun 2021 14:44:42 CDT

by Rick Ackerman, Rick's Picks

Sucks? Yeah, sure. Maybe in the eyes of crypto fanatics and the quacks who re-invent monetary policy every month. In actuality, few things in the material world suck less than gold. Sorry to resort to headline flim-flammery to get your attention, but it was time to upgrade our enthusiastic endorsement of gold -- and silver! -- to an outright declaration of love.

Top 10 Countries With Largest Gold Reserves

Fri, 07 May 2021 02:56:40 CDT

by Frank Holmes, U.S. Global Investors

Central banks have been net buyers of gold for 11 consecutive years. According to World Gold Council (WGC) data, central banks around the world bought 272.9 tonnes of bullion in 2020.

Purchases last year were a whopping 60% lower than the record 668 tonnes added in 2019. The COVID-19 pandemic was a stronger driver for some central banks to sell reserves and inject liquidity into their economies. Purchasing was concentrated in the first half of the year, then turned nearly nonexistent in the third quarter and resumed in the last three months of the year.

Gold ChartStorm - 15 April 2021

Thu, 15 Apr 2021 00:05:42 CDT

by Callum Thomas

A number of gold charts have caught my eye in recent days/weeks, so I thought it could be a good idea to collate them here. It's a departure from the usual focus on the S&P500 with the weekend weekly chart-tweet-storms, but I figure let's give this a try and see if there is interest in the occasional "off-topic ChartStorm".

My Worst Case For Gold

Tue, 09 Mar 2021 03:04:17 CST

by Rick Ackerman, Rick's Picks

Bulls struggled last week to hold above a key Hidden Pivot support at 1702, but their failure to endure portends more downside over the near term to 1630.50. That's my worst case target for now, and although the chart pattern that produced it is highly unconventional, using a visually obvious 'marquee' high and a point 'B' low that failed to exceed any significant prior lows, it's all we've got.

Battery Metals: Explosive Growth

Wed, 17 Mar 2021 04:13:49 CDT

by Frank Holmes, U.S. Global Investors

How Battery Metals Have Helped Us Outperform During the Slump in Gold Price

Gold hasn't been getting much love from investors lately due to rising bond yields, and bullion-backed gold mutual funds and ETFs have seen significant outflows so far this year through the end of February.

This Is No Time To Give Up On Gold

Mon, 11 Jan 2021 03:13:20 CST

by Rick Ackerman, Rick's Picks

With gold's gratuitous, 4% plunge on Friday, bullion has once again affirmed its reputation as one of the nastiest, most frustrating assets an investor can own. Its chief enemy is a global network of shamans, thimble-riggers and feather merchants who make their living borrowing bullion from the central banks for practically nothing, then lending it to everyone else for slightly more. They are always looking for excuses to pound quotes so that they can replace what they've borrowed at a lower price. Helpful to this goal is a story that, however ridiculous, spooks gold bugs into dumping their holdings.