PBUG News and Press, Barclays Bank PLC ZC SP ETN PERPETUAL USD From 05/25/22

Today's U.S. economic data is gloomy and points toward worsening conditions and eventual recession. Just as Bullard and Bostic warned, rate hike expectations are now falling. And the bad news just keeps piling up not just in the United States but around the globe. For furthe...

Gold tends to become more valuable when the real interest rate is trending downward and less valuable when the real interest rate is trending upward. The only way to get an accurate read on the real U.S. interest rate trend is via the yields on Treasury Inflation Protected Securities....

Gold fell through fragile support as the Fed turned up the hawkish talk. Silver fell even as margin rates were being lowered. Gold and silver are very highly correlated but do not move in perfect lockstep. For further details see: Technical Analysis: Has This Gold Pullba...

The Fed and other central bankers are getting very hawkish. I appreciate how much it scares gold investors. But don't worry. The stock market is already significantly down from its January 2022 highs. So, it is unlikely the Fed would hike the rates dramatically from their current leve...

Our rising price problem is, more than anything, a supply problem, and reducing demand is certainly one way to tackle it. But returning to the pre-COVID growth rate doesn’t mean we are headed to recession, that contraction is in our immediate future. US stocks and REITs wer...

Now is not the time to plan. This is the time to execute the plan. The plan started months ago in the case of stocks but years ago in the case of our bond holdings. We have been warning about inflation and have been adding to our core oil and gold holdings since late 2020. They have b...

While Banks and Commercials ostensibly remain heavily short Gold, Hedge Funds have slashed their net long position to 62k contracts. Swaps and Other Reps' combined net short position of 54k contracts is almost the mirror image of the Funds’ net long position of 62k. Positio...

Larry Summers, former US Secretary of the Treasury and now at Harvard University, said in an interview on May 13, 2022, that he has been warning about inflation for some time. The overheated labor market is driving service prices up, which is at the core of the inflation numbers. ...

Central banks are tightening, the global commodities shock is intensifying, and over the first few days of April the 2/10 treasury yield curve – i.e., the spread between the U.S. 2-year and 10-year treasury yields – turned negative. The March U.S. Consumer Price Index ro...

It was a tremendous week of market volatility for every asset class on Wall Street. It is still all about inflation and what will be the reaction from central banks. A challenging inflation and growth mix have driven investor concerns that the Fed won’t be able to deliver a...