GOEX News and Press, Global X Gold Explorers From 09/30/22

Summary One of the key points I’ve been discussing for the past two years is that the commodity markets are facing a unique set of policy-driven imbalances. When it comes to shortages across the fossil fuel space, the multi-year low in oil inventories has been only temporar...

Summary Why China's challenges are global mining companies. The strong U.S. dollar is still the dominate factor for commodities markets. Are the conditions in place for another commodity supercycle? Concerns about a recession and slowing growth in China have ...

Summary The market is now oversold which could lead to a short-term bounce. Open interest is at multi-year lows, and likely only increasing slightly in recent days due to shorts entering the market. The gold miners have been very consistently leading the price of gold in both ...

Summary Companies were hit by the combination of falling metals prices and rising costs - leading to earnings misses and cost revisions. Inflation is driven by excess demand and/or a lack of supply. The markets are more concerned with rising rates than they are about inflation...

Summary Gold has rarely seen more shorts than longs over the past decade and is the only precious metal currently positioned net long (+22.29%). With a net 9.24% of open interest positioned short, that is the most pessimistic positioning reading since May 2019. As speculators ...

Summary The main economic data release for the trading week is the US inflation report. The UK economy is in a precarious position and facing a recession. Chinese President Xi is expected to meet with Russian President Putin at the Shanghai Cooperation Organisation summit in U...

Summary Mining can have adverse environmental consequences. It often requires large surface areas, which can damage biodiversity, and processing can cause high emissions as well as water and soil pollution. Host communities of the natural resource sector are vulnerable to potentia...

Gold has broken through $1800 at least 10 times over the last two years, sometimes in an explosive fashion. Silver is similar to gold with the price ($19.07) also falling back below the 50 ($20.02) and 200 ($22.69) DMA. The gold miners have been very consistently leading the price...

Gold has an inverse correlation to real yields, such that when real yields rise, Gold falls, and vice-versa. The RSI and the MACD are at extreme lows now that are consistent with the beginning of prior rallies in TIPS, i.e., far lower real yields, which typically translates into far h...

The latest seasonally adjusted inflation rate for July came in nearly flat at -0.03%. This was on the heels of a blisteringly hot June number of 1.35%. While inflation did surprise to the downside, it had been expected to be much lower due to the fall in oil and drop in gasoline price...