DBP News and Press, Invesco DB Precious Metals Fund From 03/02/23

Summary February was a particularly lousy month for the price of COMEX gold, and it came after January ended with many traders and stackers feeling positive and optimistic. As February progressed, U.S. economic data continued to beat expectations and COMEX gold remained under pressure a...

Summary Gold saw 1,383 deliveries on the first day after First Notice. At the moment, this looks quite underwhelming compared to recent months. Similar to gold, silver is also looking quite weak. Even with 1,883 contracts remaining in open interest, March is set to be the lowest month s...

Summary Gold had seen a terrific run from November through January and such a pullback was hardly an outlandish call. Gold and precious metals generally perform best during periods of financial repression and easy monetary policy conditions that see the debasement of currency. For m...

Summary Silver has a long and storied history as a form of money, dating back to ancient civilizations such as the Greeks, Romans, and Egyptians. The first known silver coins were minted around 600 BC in Lydia, an ancient kingdom in Western Asia Minor. In the centuries that followed...

Summary Tightening monetary policy, Europe’s energy crisis, and China’s COVID-19 lockdowns have contributed to risk aversion in the economy and markets. China’s early reopening from its COVID-19 lockdowns is already putting pressure on tight inventories. Destock...

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in ...

Summary Gold deliveries in February came in quite low for a major month, totaling only 15,055. This is the lowest month going back to February 2020 (pre-Covid). Silver has been leading gold, and saw delivery volumes drop about a year ago. February did see a healthy number of contrac...

Summary For estimating the true size of the gold reserves of the Chinese central bank, we first need to make a clear distinction between monetary gold and non-monetary gold. Given China is the second largest economy in the world, it has massive foreign exchange reserves but little gold ...

Summary Gold is nearing its strongest buy signal in four months as the U.S. dollar eases off a rally that’s carried the greenback to its highest point since early January. Gold is under pressure from the dollar, which has made gains against a basket of world currencies on economi...

Summary After gold broke through solid resistance at $1800, it didn’t waste much time blasting through $1900 before running out of gas at around $1950. Silver led gold higher and then led it lower. Any short-term traders in the precious metals have gotten beaten up badly over...