GLL News and Press, ProShares UltraShort Gold From 08/06/21

The introduction of the net stable funding ratio (NSFR) as a central feature of Basel 3 regulations will have a major impact on derivative markets. There are two classes of gold derivative commonly dealt with, forwards and futures as well as options in both categories. Statistics ...

Leveraged ETFs may be unpredictable. A drift dashboard with 22 of them. A closer look at SPXU. For further details see: SPXU Is In Positive Drift, But Stay Cautious

Most of the major asset classes continued to rise in July, led by US real estate investment trusts (REITs). US equities continued trending higher. The bull run also persisted for the Global Market Index (GMI) in July. For further details see: Major Asset Classes: July 20...

Stocks are expensive, and people aren’t buying because they want to but rather because they feel like they have to. When people say they are panicking into “the market”, what they really mean is they are panicking out of bank deposits or other safe assets. This pa...

The CFTC Commitment of Traders (COTs) report is released once a week and shows a breakdown of open interest by trader category. Open Interest can be a major factor in the metal price. Unless there is a run on the Comex, the trader positioning will continue to drive prices. It is i...

UST longs and/or USD shorts should not take solace in the GDP "miss". Nominal GDP registered a major 13% increase, while real GDP grew "only" 6.5%. Personal consumption expenditures rose 11.8%. The PCE deflator which adjusts nominal to real growth came in at 6.4%. Higher-than-expe...

Gold demand (excluding OTC) for Q2 was virtually in line with Q2 2020 at 955.1t (-1%). Jewellery demand saw a second consecutive quarter of strong y-o-y growth, bolstered by global economic recovery and improving sentiment after the extreme difficulties of 2020. Q2 investment of 2...

Shares of precious metal miners are moving higher in the pre-market after some earnings reports and prices for gold and silver rise alongside a weaker U.S. dollar. August Comex gold (XAUUSD:CUR) +1.3% to $1,823.30/oz.; September silver (XAGUSD:CUR) +2.8% to $25.57/oz. ETFs: GLD, GDX, NUGT, IA...

German yields are more likely than US yields to decline, widening the UST minus German bond yield differential, putting downward pressure on EUR/USD. The United States’ fiscal impulse is greater. The ECB is providing greater monetary stimulus - larger asset purchase program/GDP...

The dollar has (by far) the greatest quantity, and yet, far from the least purchasing power. It is one of the strongest currencies, despite - or perhaps because of - this fact. Also, the price of silver measured in dollars does not go up as a function of increases in the quantity of dolla...