DBP News and Press, Invesco DB Precious Metals Fund From 06/28/22

Even with rising interest rates and the dollar at multi-year highs, gold has held its ground. Holding gold does not generate interest income like a bond or a bank account. In fact, according to an analysis by the World Gold Council, real yields below 2.5% have not been substantial...

When market conditions change or at times when our trading begins to rack up losses, the best thing we can do as a professional is to go to cash. Over the next 12 to 24+ months, we expect very large price swings in the US stock market. Historically, bonds have served as one of the...

Interest rates have been on the rise in a very real way for the first time in the average market participant’s memory. Higher rates certainly don’t help gold prices. Inflation would normally push gold prices higher, but are we really experiencing inflation in the traditi...

For the stock market to bottom, we need a clear vision of how the Fed is going to back off on its assault on high-beta assets. There are more excess reserves in the system now, so the much more aggressive rate of QT may not bite right away, but QT has never reached this scale, so high...

Goldman Sachs has recently raised its year-end 2022, gold price target to $2500/oz, signaling a strong 2022 after gold prices ended 2021 down approximately 4%. Last year’s strong economic recovery and growth created conditions for the decline in gold, as investors moved to risk...

For the past month, gold has been consolidating within a tight range around $1850. The data suggests the next move is most likely up. It’s very possible that the jobs data in two weeks will be weak. This could give the Fed the cover needed to start rolling over, proving that th...

At the beginning of the month, we underestimated how fast agricultural commodities would follow base metals down. Although there are good reasons to buy agriculture ETFs as a hedge against geopolitically induced food inflation, DBA is too underexposed to grain commodities to perform t...

The U.S., U.K., Japan and Canada will ban new imports of Russian gold as part of efforts to respond to the invasion of Ukraine, the British government said on Sunday, signaling potentially tighter supplies of bullion. The ban by four of the G7 countries will begin soon and apply to newly mine...

Silver and gold are among the few safer assets to own during stagflationary periods such as today. Historically, silver crashes with stocks but rallies much faster due to associated inflationary monetary stimulus. The ongoing implosion of the Japanese Yen and the Bank of Japan's y...

The talk is about how the Fed is going to control the record level of inflation, which is at a 40-year high, by increasing interest rates. Fundamentals always lag the market, so the market has already factored in more inflation and higher interest rates. The fundamentals appear to...