PBUG News and Press, Barclays Bank PLC ZC SP ETN PERPETUAL USD From 03/29/22

Usually, we portray the money as an inverted pyramid, with base money at the base and increasingly wider layers of monetary substitutes above it. Gold is the highest money (first layer) with gold certificates issued by the Treasury (and in theory redeemable for the upper layer) formin...

The big action in silver occurred early in the month, making March a pretty large outlier. First, it continues the recent trend of increasing deliveries. The April contract has finally come to life in the final days, jumping upwards by more than 300 contracts. April gold has picke...

Two weeks ago, we published 'This is NOT the Silver Breakout You’re Looking For'. The silver price had gone from $24 to over $26 and the gold price was up about $50/oz over the same period. But since then, it is back up to almost the same level. Is this time different, is this ...

The Fed has decided it will hike rates into a slowing economy in order to curtail soaring inflation. Gold dumped following the end of fiscal and monetary policy stimulus in August 2020. The bond market is pricing in rate “cuts” later this year, possibly early next. ...

We are entering a stagflationary environment, similar to the 1970s, but in actuality, a far worse situation than 50 years ago. The Fed is hamstrung as the normalization of interest rates would have a detrimental impact on the federal deficit and debt. Some investors continue to ha...

For most commodities, like copper, or oil, or turkeys, we would default to supply and demand analysis or dig into the factors affecting their cost of production to explain their changes in prices over time. Gold falls into a different category that doesn't fit well into that basic mol...

Regardless of which side of the Russia/Ukraine/U.S./NATO conflict you might associate, it has without question shined a bright light on the dollar’s diminishing status as the reserve currency. More important, it has pulled gold into the conversation as an alternative trade sett...

While the most likely direction in the near term is down based on the current real interest rate picture, I continue to believe the long-term bull market is intact. The surge in commodity prices following the Russian invasion of Ukraine has once again highlighted the usefulness of gol...

European stocks actually performed better than the NASDAQ last week so maybe it was positive developments in the Ukraine war that spurred the rally. The dollar index fell nearly 1% last week but is still in an uptrend across shorter time frames. What the market does on a week to w...

Banks are in the process of restocking gold at a pace not seen in years. The Comex gold market has been flashing warning signs since early January. This continues to be the case. The latest influx of metal further supports the notion that banks are preparing for higher delivery vo...