DGP News and Press, DB Gold Double Long ETN due February 15 2038 From 09/20/21

According to a survey by the World Gold Council, almost 80% of central bank reserve managers plan to increase their gold holdings over the next year. Given that new gold supply is highly constrained, prices could reach new highs if inflation proves to be sticky rather than “tra...

Gold finished August trading at $1,813.62 per ounce, nearly unchanged from its July finish at $1,814.19 per ounce. Following the “flash crash”, gold managed to climb back above $1,800 per ounce, supported by mounting concern around the impact of the COVID Delta variant o...

The gold cobasis (scarcity) has been remarkably stable since early February, around the -0.50% line. Whatever the reason, buying or selling has been evenly matched in futures and in spot gold. This is why the big price moves caused barely a ripple in the cobasis. The price swings ...

From spiking inflation, falling real interest rates, and massive money printing, it seems logical that gold, a touted inflation hedge, should be rising. At first glance, like with the stock market, it is easy to see the precious metal outperformed inflation over time. In today...

Unfortunately, the COVID resurgence appears as though it could contract the economy all over again. Precious metals markets failed to follow through on their recent strength and traded lower through Thursday’s close. Metals markets are caught between fears of Federal Reserv...

The focus in the US shifts from the labor market to pricing pressures. EU economic and financial affairs ministers are meeting in Slovenia. The meeting concludes on Saturday, September 11. The UK releases August unemployment claims and the unemployment rate on Tuesday. For f...

The University of Michigan Consumer Sentiment Index is at its lowest level since 2011. Retail sales dropped 1.1%, which includes inflation. So, in real terms, the drop was 1.5%, which is a huge drop in one month. Consumers' inflation expectations are increasing, so they feel they ...

The unemployment numbers came out and surprised everyone on the Street. Now we will see how the Fed is going to manage this situation. Talk of tapering has been political rhetoric. For further details see: Gold: It's Time For The Metal To Shine

The August nonfarm payroll report showed the delta variant hit to the economy is just beginning. Next week is all about Fed speak. ECB meetings are about to get far more interesting. It is a quiet week for economic data, with Wednesday’s JOLTS job openings reading for July,...

Remarkably, in a speech on monetary policy given at the Jackson Hole conference last Friday, Jay Powell never mentioned money, money supply, M1 or M2. With the Biden administration unable to reduce its budget deficit, a rising interest rate environment, reflecting price inflation, is ...