DBP News and Press, Invesco DB Precious Metals Fund From 01/15/23

Summary December was a mixed month for commodity index strategies overall. Natural gas was the strongest commodity for most index strategies. The precious metals sector was the strongest performing sector in December, rising over 5%. Natural Gas Contributes From Rebalance ...

Summary On a short-term basis, gold, silver and mining stocks are looking overbought and in need of the pullback. The divergence between gold and real yields has again become pronounced, suggesting precious metals markets may have gotten ahead of themselves for the time being. Takin...

Summary A strong start to December set the tone for gold to make a series of highs and higher lows over the month. 2022 provided a textbook example of how diverse sources of demand and supply can counterbalance one another and provide gold with its uniquely stable portfolio-additive per...

Summary Arguably one of the greatest frustrations for investors over the past year of rampant inflation was the dismal performance of real assets regarded as inflation hedges and their positive correlations to the returns of nominal assets, such as conventional government bonds. Even th...

Summary Big historical changes in the price of the US dollar usually succeeded equity bear markets and introduced gold bull markets. Because equities are in a bear market as we speak, we can expect a gold bull market in the years ahead, enabled by the Fed changing the price of money. ...

Summary Gold held on to its November gains, bouncing around the $1,800 per ounce level during December. Higher interest rates create extraordinary systemic risks as monetary conditions continue to normalize. A shift in gold’s investment outlook can be seen in bullion ETF flow...

Summary Precious metals did well compared to other assets in 2022, but not as well as many goldbugs expected given the highest price inflation in decades. The anemic price action was another indication of artificial forces in the markets and broken price discovery. The dollar peaked...

Summary Avoiding growth last year paid enormous dividends, but I didn’t predict that growth stocks would fall in 2022, just that I couldn’t own them and fulfill our fiduciary duty. Near-term stock market performance is negatively correlated with economic growth. Commod...

Summary At the close of 2022, Comex gold prices were down just $2.50. Yes, you read that right. On the year, gold was down $2.50 or about 0.13%. The late 2022 rally that drove gold and silver back into the green on the year is very likely the result of a "market" that did finally learn ...

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 ...