DGZ News and Press, DB Gold Short ETN due February 15 2038 From 05/23/21

Bitcoin has had two bear markets since mid-April. There was a 27% decline followed by a 27% rally, followed by last week’s rout. From its intraday peak in April to its intraday low last week, bitcoin fell over 53%. Is that the end of the sell-off? Doubts about the post-virus bo...

The Fed has enabled the monetary base to balloon by approximately 600% since 2008. While the price of gold has a close correlation with monetary base expansion, if gold had expanded by 600% since 2008, it would be at $5,600 now. Despite higher inflation, the Fed Funds rate and Tre...

We're now seeing a resurgence of above average inflation and I believe it will only get worse. It's important to understand that inflation is almost always on the rise over a 12-month period, but not all inflation is the same. During periods of high inflation accompanied by negati...

The stock market is overvalued by every historical valuation metric. Market psychology reflects an optimism bordering on a casino mentality. Forget predicting the next recession or correction, we are poised for another “lost decade” in the market. Pattern recogni...

The near-term outlook for inflation continues to suggest a temporary spike, reflecting an adjustment higher in price levels as the global economy recovers from the effects of the pandemic. In Europe, we expect GDP to normalize to pre-pandemic levels in 2022, with inflation remaining l...

Gold’s response to changes in U.S. Treasury yields persisted through April, as prices trended to a monthly high of $1,798 per ounce on the 22nd while, at the same time, 10-Year yields fell to a monthly low of 1.53%. To end the month, yields reversed course from their lows and g...

Commodities are on the move. Copper is at an eight-year high and lumber has tripled in a year’s time. When asked about Bitcoin’s meteoric rise, Bob Iaccino commented that “Bitcoin appears to respond to global currency devaluation.” I believe this is the mos...

With inflation now rising much faster than interest rates, real rates have now fallen to a level that should be about as bullish for gold prices as anything we have seen in recent years. So far, investors don’t seem to read it this way and the gold price is giving back some of ...

Gold bugs know gold bottomed at $1,673 on March 8, but what has gone unnoticed is a key technical cross in the gold to silver ratio on the same day. On March 8, the 50WMA crossed below the 200WMA in the gold to silver ratio for only the 4th time in 31 years. Every time this has ha...

It would appear that we have hit the bottom of the range on the 10-year Treasury yields and are getting ready to move back to the top of the recent range for yields, which is now 1.77%. I think Treasury yields will rise this week with resulting implications for the stock market, which...