DBP News and Press, Invesco DB Precious Metals Fund From 08/10/22

In India, as in other emerging countries, food makes up a much higher proportion of total household expenditure than it does in advanced economies. Aligned with rising bond yields across the globe, the Indian 10-year government bond yield has been on an upward trajectory since Decembe...

Huge insider selling combined with massive net fund inflows are two clear signals that U.S. equities are headed much lower, regardless of what they do in the short run. Whenever VIX goes below 20 it is safe to add to your short positions. The lower it goes below 20, the more aggressiv...

Gold recently went through a textbook 20% correction, and many quality gold miners got pummeled, dropping by 30-50% or more. While many analysts are modeling gold miners' earnings using stagnant or lower gold prices, the price of gold could move substantially higher in the coming year...

As US dollar strength continued and inflation expectations softened, the gold price fell, gold ETFs lost 81t (US$4.5bn), and speculative positions in gold futures turned net short for only the fifth time since 2006. The market reaction to the July Fed meeting may encourage a more sust...

Unfortunately, Fed policy is the primary determinant of all markets these days, including precious metals and miners. Exactly as predicted, Silver ran into resistance at its 50-day moving average. GDX is the laggard of the group. By David Brady Courtesy of the Fe...

Despite the recent slowdown in debt issuance, the Treasury has added more than $1T in debt during the first 7 months of the year. The Fed hiking cycle has brought the weighted average interest rate up from 1.3% to 1.53%. 23bps may not sound like much, but on a $30.6T balance, that com...

In 2017 and 2018, CBRT repatriated all its gold from the Federal Reserve Bank of New York and the Bank for International Settlements, and all but 6 tonnes from BOE. Yet, in 2020 and 2021, CBRT began shipping gold back from Turkey to London, and at the end of 2021, it was holding 78 to...

At a net short position of 4,500 contracts, the Large Speculator category is net short for the first time since June 4, 2019. The first stage of the Spec short squeeze has propelled price nearly 10% higher in the past week, but this move is far from finished. There's a massive pil...

Some research related to the US Federal Reserve’s recent rate increases and how gold has previously reacted to rising and falling interest rates. In 2008-09, after the initial rally phase prompted by raising rates from Apr-04 to July-06, gold collapsed as the 2008-09 GFC crisis...

Why gold hasn't benefited from higher inflation. How an aggressive Fed helped take the steam out of gold prices. What a recession might mean for gold prices. By some accounts the performance of gold this year has been a bit of a disappointment. The precious metal...