Oil prices have dropped to three-year lows amid macro concerns. However, crude and product inventories remain at dangerously low levels while recession driven demand destruction has yet to show itselfBrent oil prices recently dropped to $69/bbl, the very low end of the trading range since 2021...
Read MoreIn generally lacklustre financial markets, the standout winners have been gold and silver. This report looks at the consequences for portfolio reallocations in Q2 2025 and beyond.Gold and silver rose strongly this week on Far East demand. In European early morning trade, gold was $3072, up $50...
Read MoreThere is a Comex options contract expiry next week and 240,000 April contracts are yet to be sold, rolled, or stood for delivery. But after this disruption powerful bullish factors will return.Gold rose this week, but silver declined. No doubt, the difference is that gold is being hoarded...
Read MoreIn this report, we examine technical and market positions for gold and silver, concluding that $3,000 is not a hurdle for gold and that silver has significant catching up yet to do.Gold and silver rose strongly this week, with gold going into new high ground, while silver, which has...
Read MoreEU defence spending plans are driving German, French, and Italian bond yields higher. Japan’s are soaring too. The dollar is sinking: what does it all mean for gold and silver?This week, the end-February decline in gold and silver prices appear to be over, with a recovery based on a firm...
Read MoreA technical correction in gold and silver is shaking out weak holders, providing a stronger base for the next bull move.There are strong signs that the credit bubble is beginning to deflate. A dramatic collapse in cryptos is leading the way, followed by momentum stocks on NASDAQ. This is bound...
Read MoreEquities are pricing in a goldilocks scenario where global economic activity reaccelerates while inflation declines further, allowing the Fed and other central banks to continue to cut rates. However, we think there is substantial risk to this view. In this two-part report, we will take...
Read MoreIt will prove difficult for the US Treasury to deflect Trump from opening its gold book, since Elon Musk and Ron Paul appear to be driving the move to come clean over national gold reserves. Gold and silver continued to rise this week, despite the premiums on Comex futures returning to...
Read MoreBehind precious metal markets is new evidence of growing European investor demand at the retail level, while Comex deliveries continue at an elevated rate. It has been a week of new highs for gold, and silver appears to have broken out of its torpor only this morning. In European...
Read MoreThe bullion bank establishment is adjusting to gold and silver going far higher, which is why they are deleveraging their balance sheets. It is a process in its early stages.In a wild week, gold hit new highs before correcting modestly yesterday (Thursday). In European trading this morning it...
Read More