DBP News and Press, Invesco DB Precious Metals Fund From 01/06/23

Summary Momentum was falling as the price continued higher on an intraday basis. Silver enjoyed a near-perfect inverse relationship to the DXY. Silver and Gold have a lot of bullish sentiment to work off but they can do that sideways to down for a while. By David Brady ...

Summary Gold is also exhibiting a ‘Bear Flag’ pattern. This increases the probability that the next big move is down. At the same time, momentum, which typically leads price, is heading south across all indicators, making the recent higher highs in Gold negatively divergen...

Summary The booms and busts of silver have been truly exceptional over the last few decades - what could come next? Silver moves lightning fast because of its tiny market cap. There is a wide price disconnect between physical and paper silver. It's no surprise that silver ...

Summary Precious metals markets are finishing out a choppy 2022 on an up note. A strong fourth quarter is pushing both gold and silver prices back up into positive territory for the year. Gold often performs well during recessions. It can certainly be expected to hold up better than eco...

Summary The major months in Platinum are January, April, July, and October. During major months, Platinum behaves a lot like silver and gold with lots of open interest that dives as first position approaches. Delivery volume had to drop because there were only about 75k ounces in Regist...

Summary Silver finally took out $22 and has been moving up rather quickly. It is leading gold high which is a good sign for both metals. The one thing that will hold back a truly explosive move in gold will be the CFTC raising margin rates to contain the price. The gold miners have ...

Summary December gold is having the weakest major delivery month since February. Similar to gold, silver is showing a relatively weak delivery month with only 4,335 contracts delivered so far. Things in platinum could get very interesting. Platinum only has 4 major months a year (Ja...

Summary Much of Wall Street will be taking off this week. It will be a week filled with lots of economic readings. There will be no earnings and no Fed speak. By Ed Moya US Thin trading conditions could persist as much of Wall Street will be taking off th...

Summary After several failed tests and breaks, it looks like DXY has finally broken up. Silver has turned down for 2 days in a row. What’s worse is that it is in a Bearish Flag pattern and if the lower trendline is broken at around 23.40, this could get ugly fast. The miners ...

Summary Trade statistics show China was a net exporter in April 2020, but I don’t think this was due to exports from the domestic market. There hasn’t been massive dishoarding from the East in 2020. Via Singapore 120 tonnes were transported to the US and UK. The spread...