GOEX News and Press, Global X Gold Explorers From 12/22/22

Summary After several failed tests and breaks, it looks like DXY has finally broken up. Silver has turned down for 2 days in a row. What’s worse is that it is in a Bearish Flag pattern and if the lower trendline is broken at around 23.40, this could get ugly fast. The miners ...

Summary Trade statistics show China was a net exporter in April 2020, but I don’t think this was due to exports from the domestic market. There hasn’t been massive dishoarding from the East in 2020. Via Singapore 120 tonnes were transported to the US and UK. The spread...

Summary While falling commodity prices signal potential easing in inflation, it’s not necessarily a good sign. That’s because assets peak in a predictable order: bonds, stocks, and then commodities. Crude Oil has fallen to the lowest level in over a year, suffering a weekl...

Summary Despite very strong jewelry demand out of China and India and a Q3 2022 quarterly record of 400 tons of gold purchased by central banks around the world, the gold price was under pressure due to weak Investment demand. Gold has a historically strong correlation with negative rea...

Summary Despite the Federal Reserve's aggressive tightening cycle, gold is holding up better than expected in 2022. After rebounding from COVID-induced delays, miners with healthy balance sheets should be able to continue investing in exploration. Gold has a lower long-term co...

Summary The current low gold price is no exception, as buyers in China, India, and UAE sense a bargain. Geopolitical risks continue to escalate. On the currency front, many have been tracking the dizzying rise in the dollar and the relentless declines in many other currencies ...

Summary Rising and positive real yields continue to be a major headwind for gold over the short term. However, this move in higher real yields is likely only temporary. From a technical, positioning and sentiment standpoint, we appear to be nearing an excellent long-term contraria...

Summary Gold demand (excluding OTC) in Q3 was 28% higher y-o-y at 1,181t. Year-to-date (y-t-d) demand increased 18% vs. the same period in 2021, returning to pre-pandemic levels. Central banks continued to accumulate gold, with purchases estimated at a quarterly record of nearly 4...

Summary Since breaking below $1700, gold has been trapped around $1650. Silver saw a strong rally above $21 but then broke down below $20 again. While many indicators are bearish, the absolute lack of interest shows that the market is starting to bottom. ...

Summary Bear markets create opportunities for much greater and much faster profits than bull markets. So far in 2022, investors have sold everything, especially in recent months: stocks, bonds, gold, currencies, real estate, art, etc. This is common to the way that bear markets be...