PBUG News and Press, Barclays Bank PLC ZC SP ETN PERPETUAL USD From 01/21/23

Summary Gold now has 9 consecutive months of metal leaving the vaults on a net basis. Silver did complete the month of December with a slight net gain in both Registered and Eligible. Platinum saw a massive surge in inventory after the contracts standing for delivery exceeded total ...

Summary At -0.92, DXY has a near perfect inverse correlation to Gold. If the DXY falls, Gold rises, and vice-versa. The DXY has been languishing around 102 ever since its decline from the peak of ~115 on Sept 28. The next rate hike is likely to be 25bp and it may be the last or we g...

Summary COMEX gold is off to a fabulous start to 2023. COMEX silver is now flat and unchanged year-to-date. COMEX silver has yet to rally in 2023 because the hedge funds aren't buying it. For further details see: No Interest In COMEX Silver

Summary Elliott Wave analysis provides incomparable targeting for financial markets. Our Elliott Wave analysis caught the high in 2011, the low at the end of 2015, and is now looking for our next major rally. Our next major target is $2,428 in gold. I have now been writing...

Summary High interest rates are used to ignite the major rally in the gold market. Consumer spending is a key driver of economic growth, and a decline in consumer spending contributes to a recession. The US dollar is set to decline, due to economic instability in the United States o...

Summary Gold is on its third attempt at a major breakout. It's been clear over the last ~9 months that enemy #1 for GLD/gold has been the USD. What determines gold's value is monetary inflation, and gold is still ~15% below fair value today and will likely greatly exceed fair value....

Summary December was a mixed month for commodity index strategies overall. Natural gas was the strongest commodity for most index strategies. The precious metals sector was the strongest performing sector in December, rising over 5%. Natural Gas Contributes From Rebalance ...

Summary On a short-term basis, gold, silver and mining stocks are looking overbought and in need of the pullback. The divergence between gold and real yields has again become pronounced, suggesting precious metals markets may have gotten ahead of themselves for the time being. Takin...

Summary A strong start to December set the tone for gold to make a series of highs and higher lows over the month. 2022 provided a textbook example of how diverse sources of demand and supply can counterbalance one another and provide gold with its uniquely stable portfolio-additive per...

Summary Arguably one of the greatest frustrations for investors over the past year of rampant inflation was the dismal performance of real assets regarded as inflation hedges and their positive correlations to the returns of nominal assets, such as conventional government bonds. Even th...