SLVO News and Press, Credit Suisse X-Links Silver Call ETN IOPV From 03/20/23

2023-03-20 16:06:00 ET Summary Gold is now in its 11th straight month of net outflows, seeing 285k ounces leave the vault so far in March. Silver has seen far more concentrated outflows from Registered, getting as low as 10.9% of total inventory in February. On Jan 26, before ...

2023-03-11 01:53:31 ET Summary Overall, I am against holding too much gold or silver due to their drawbacks. As Buffett repeatedly said, they do not generate income/profit. However, I change my mind when the facts change. And in this case, as the real interest rates become neg...

2023-03-08 16:19:00 ET Summary The dollar is overbought and silver is oversold again. However, there are some important differences this time. We do not expect the Fed to reduce interest rates until something breaks and comes crashing down. We can lower the cost and risk of ou...

Summary Gold saw 1,383 deliveries on the first day after First Notice. At the moment, this looks quite underwhelming compared to recent months. Similar to gold, silver is also looking quite weak. Even with 1,883 contracts remaining in open interest, March is set to be the lowest month s...

Summary Gold had seen a terrific run from November through January and such a pullback was hardly an outlandish call. Gold and precious metals generally perform best during periods of financial repression and easy monetary policy conditions that see the debasement of currency. For m...

Summary Silver has a long and storied history as a form of money, dating back to ancient civilizations such as the Greeks, Romans, and Egyptians. The first known silver coins were minted around 600 BC in Lydia, an ancient kingdom in Western Asia Minor. In the centuries that followed...

Summary Tightening monetary policy, Europe’s energy crisis, and China’s COVID-19 lockdowns have contributed to risk aversion in the economy and markets. China’s early reopening from its COVID-19 lockdowns is already putting pressure on tight inventories. Destock...

Summary Gold deliveries in February came in quite low for a major month, totaling only 15,055. This is the lowest month going back to February 2020 (pre-Covid). Silver has been leading gold, and saw delivery volumes drop about a year ago. February did see a healthy number of contrac...

Summary After gold broke through solid resistance at $1800, it didn’t waste much time blasting through $1900 before running out of gas at around $1950. Silver led gold higher and then led it lower. Any short-term traders in the precious metals have gotten beaten up badly over...

Summary Gold has seen 10 straight months of outflows from the Comex vaults. Platinum took it on the chin in January, and the Comex had to scramble to restock supplies. On Jan 26, before the recent sell-off in gold, the amount of paper gold for each Registered physical ounce was 4.6....