PBUG News and Press, Barclays Bank PLC ZC SP ETN PERPETUAL USD From 11/16/22

Summary Many times over the years, we’ve argued that gold and the world’s most important equity index (SPX) are at opposite ends of a virtual investment seesaw. During long periods when trust/confidence is high or trending upward, increases in the money supply will t...

Summary This market action has led to the fourth Spec short squeeze in as many months in COMEX gold and silver. The near-the-money calls have far more open interest than puts. COMEX gold has successfully reversed the breakdown out of its 2-year range between $1,700 and $2,000....

Summary In the short-term gold still has downside risk due to rising interest rates and the possibility of collapsing asset markets triggering a liquidation event. Some investors are disappointed by gold’s performance this year because the price in dollars is down while con...

Summary The average spread between the 10-year Treasury and the 30-year mortgage rate has averaged 1.7% since 1990 and now stands at 2.9%. Small and mid-cap stocks continue to look better technically than US large cap. The Russell 2000, S&P 600 and S&P 400 (midcap) index E...

Summary Central banks around the world just made a monumental statement, purchasing a record amount of gold this past quarter. One of my sector health gauges for precious metals is looking at cash as a percentage of market capitalization. Share prices for gold miners have decl...

Summary CPI numbers that are higher than expected will keep rate hikes front and center, whereas lower results than forecast would be supportive of even higher prices in metals and miners. The momentum displayed by the MACD is very bullish, but the RSI is close to being overbought...

Summary In today's issue of the 1-Minute Market Report, I examine the market bounce since the October low, and highlight the areas of the market that are leading the way higher. On Thursday, for every stock that was down, there were 26 that were up. For the first time since August...

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 The yellow metal is down 18.5% from its 52-week high set in the early spring but on the bright side, it has begun to break out of its downtrend. Gold has tested support at roughly around $1,620 at multiple points this fall. There has not been a higher high yet, meaning...

Summary As users of government-issued fiat currency, we have little choice but to trust policymakers’ economic and financial decisions, which may significantly impact the value of our money. The amount of money the U.S. government pays on interest alone now exceeds its defe...