PBUG News and Press, Barclays Bank PLC ZC SP ETN PERPETUAL USD From 02/16/23

Summary With the CPI losing the relief from cooling energy prices, this month showed a solid uptick in prices, coming in at 0.54% (~6.6% annualized). One concerning thing about the most recent print is that many categories sit above the current 12-month trend. The Fed has been reloa...

Summary Gold is trying to set up for another rally. There are certain levels to watch over the coming weeks to know when we are setting up for the breakout. The next intermediate target overhead for gold is 2100+ in very quick fashion once we get the breakout. In my last p...

Summary Gold had a strong start to the year. As we enter 2023, it seems the market’s concerns around economic growth, both in the U.S. and globally, are starting to intensify, providing support for gold prices. Historically, it is investment demand that drives the gold price ...

Summary The Fed is still planning on getting the CPI down to 2% on a year-over-year basis, and now it looks like they could get there - or at least a lot closer to it - sooner rather than later. The DXY has finally lifted its face off the floor following the Fed’s pivot to slower...

Summary Daily borrowing in the US Fed Funds market surged to the highest in at least seven years last week. This is an important indicator because it provides insights into bank liquidity. Big moves in the Fed Funds market are telegraphing the expectations of big players. Namely tha...

Summary Inflation is also aided by a tight labour market, and Federal Reserve is expected to maintain interest rates higher for an extended period. Central banks continue to add gold reserves, and 2022 was the strongest year for gold demand in over a decade. The gold market is on tr...

Summary It's a substantial advantage if an investor understands the story and spots the catalysts before the market. There are many aspects that need to be analyzed when looking at mines or projects and determining whether they are solid or not. I can give countless examples of how ...

Summary While there will be all sorts of economic and geopolitical headlines in the days ahead, two events that will drive precious metals stand out. The first will be the conclusion of the January FOMC meeting on Wednesday. The second will be the release of the January U.S. jobs report...

Summary Delivery volume for February was a little less than half the contracts open at first notice. Since last July, gold has seen more than 10.6M ounces flow out of the vault. Now gold is setting up very similar to silver on a 12-18 month lag. Does this mean that 2023 could start ...

Summary Annual gold demand (excluding OTC) jumped 18% to 4,741t, almost on par with 2011 - a time of exceptional investment demand. 2022 saw a record annual average LBMA Gold Price PM of US$1,800/oz. Indian gold demand remained robust compared with longer-term pre-pandemic levels. ...