PBUG News and Press, Barclays Bank PLC ZC SP ETN PERPETUAL USD From 09/08/22

Summary Gold fell 2% in August, as higher yields and a stronger dollar continued to exert pressure. Managed money net positioning in gold turned positive during the month, while global gold ETF outflows of 51t (US$2.9bn) were lower than July’s. Gold could remain under p...

Summary Silver tends to rise faster in bull markets and fall more quickly in bear markets. The US dollar is extremely overbought and overdue for a significant downward correction, while silver is underpriced and oversold. The Fed policy responsible for both the strong dollar a...

Summary Over the past half century, gold and silver prices have shown a strong positive correlation. While gold and silver have a strong positive correlation, the ratio of the prices has ranged widely – from one ounce of gold buying as few as 30 ounces of silver in 2011 to ...

Summary As highlighted last month, short positioning in gold was at the highest level since April 2019. Total net positioning represents the combined exposure of the groups once hedging positions are removed. Managed Money has absolutely hammered silver lower while Swap has be...

Summary For those who wanted to be more creative with their hedging, though, there were a few tried-and-true defensive strategies to be had. Two assets that have long earned regular financial media coverage during risk asset downturns are gold and the Japanese yen, both of which h...

Summary With the rapid growth in funding ratios over the past year, an increasing number of UK-defined benefit pension schemes have been contemplating their investment approach for the endgame. In the first half of 2020, one immediate consequence of the COVID-19-induced crisis is ...

Summary The bounce in metals and miners that began at the end of July is now a distant memory. If we do break 1675, then 1700 will become the new resistance level to break, followed by a higher low. Silver and the miners will follow suit. We need to see a sign that the Fed is ...

Summary Physical commodity markets remain very finely balanced. Part of the reason for high inflation is commodity prices have been strong. There are signs from OPEC that they would be willing to adjust their production to accommodate Iranian barrels back onto the market. ...

Summary Since Powell shocked the world with an unexpectedly hawkish speech last week, the market has been struggling to guess just how much worse a tighter Fed is going to be for the economy. As a first pass, the market has decided that it looks a bit scary: most risk assets are d...

Summary The Labor Department reported a substantial rise in the number of jobs for July. The Fed is getting more and more hawkish. This made the USD appreciate and the gold prices plunge lower. The introduction of a gold standard or any form of fiat money linkage to gold is li...