GLTR News and Press, Aberdeen Standard Physical Precious Metals Basket Shares From 02/22/23

Summary The key to this year's forecast is remembering how the COMEX metals traded in prior years where a Fed monetary change was pending. Though recent economic data suggest that this eventual "pause and pivot" may be delayed until late summer or autumn, for long-term metal investors, ...

Summary Gold has seen 10 straight months of outflows from the Comex vaults. Platinum took it on the chin in January, and the Comex had to scramble to restock supplies. On Jan 26, before the recent sell-off in gold, the amount of paper gold for each Registered physical ounce was 4.6....

Summary Gold prices have finally succumbed to the fundamental downside pressures that I outlined last month. While the recent price drop has eased some of the metal's short-term overvaluation, its fair value has inched further down as US inflation-linked bond yields have resumed their r...

Summary The US dollar was a significant contributor to gold’s 6.1% January gain, followed by a drop in US Treasury yields. Since the net short low in September 2022, gold has gained 15%. Global gold ETFs have surprisingly stayed on the sidelines during the rally, but North Am...

Summary You need to get ready for the next run above 2000 in Gold and possibly 30 in Silver. Miners will soar even higher in percentage terms. DXY rallied on a dovish ECB, pushing the euro down and DXY higher. The RSI is approaching extreme oversold levels at ~30. The MACD Histogram...

Summary With the CPI losing the relief from cooling energy prices, this month showed a solid uptick in prices, coming in at 0.54% (~6.6% annualized). One concerning thing about the most recent print is that many categories sit above the current 12-month trend. The Fed has been reloa...

Summary Gold is trying to set up for another rally. There are certain levels to watch over the coming weeks to know when we are setting up for the breakout. The next intermediate target overhead for gold is 2100+ in very quick fashion once we get the breakout. In my last p...

Summary Gold had a strong start to the year. As we enter 2023, it seems the market’s concerns around economic growth, both in the U.S. and globally, are starting to intensify, providing support for gold prices. Historically, it is investment demand that drives the gold price ...

Summary The Fed is still planning on getting the CPI down to 2% on a year-over-year basis, and now it looks like they could get there - or at least a lot closer to it - sooner rather than later. The DXY has finally lifted its face off the floor following the Fed’s pivot to slower...

Summary Half of total silver demand comes from industrial demand, which is expected to increase in the future. The appearance of a bullish cup and handle with multiple bull flags indicates further upside in the silver market. Market corrections are healthy, and a correction to $19-$...