WGLD News and Press, Units fractional undivided beneficial interest From 05/23/22

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...

Wages are rising rapidly to try to keep up with the pace of inflation. We think that this is leading us to the early stages of a wage price spiral. During periods of high inflation, traditionally, real assets prosper while traditional assets suffer. So traditional assets typically suf...

The stock market as measured by the S&P 500 is down about 15% year-to-date. COMEX gold will soon make another 'higher low'. Silver is acting just as predictably as COMEX gold. For further details see: Reality Bites: An Update

Through rising real yields, a slowing economy and poor seasonality, short-term headwinds remain for gold and precious metals. However, this move higher in real yields is unlikely to last, and will soon turn from a headwind to tailwind for gold. In an environment of ongoing geopoli...

T-note futures took out lows going back to 2011 last night, extending the free fall that began just two months ago. It’s not just the price action of Treasury futures that has us spooked; it’s also what some key commodities are telling us. How long will it be before ...

There was a lot of volatility in stocks last week but in the end, the S&P 500 was down a mere 21 basis points. A rising currency is presumably negative for the export sector and positive for domestic purchasing power. On a sector basis, there were several winners last week wit...