WGLD News and Press, Units fractional undivided beneficial interest From 08/01/22

Inventories have risen recently and there has been a lot of commentary about how this will negatively impact the economy. My brief overview of markets is that large growth stocks are still overvalued even as they led the recent rally. The sentiment about the economy is still quite...

Gold was extremely oversold when it bottomed on March 16. Gold bottomed at 1124 in December 2016 and then rose to 1369 in April 2018. If we get a higher high above 162.13 and gap up in the process, the short-term trend has turned up and the odds that the bottom is in place increas...

Gold has been moving in a trading range over the last couple of years. Gold offers attractive upside potential at the present time. A variety of forces are converging in support of the gold price going forward. Owning gold has required patience these last two years. After su...

As the gold price fell in Q2, gold ETFs lost 39t, giving back some of the strong Q1 gains. Central banks continued to buy gold. Recycling activity remained elevated compared with 2021. Gold demand softened in Q2 Despite Q2 weakness, strong first quarter ETF inflows...

Since Q1 came in at -1.6%, any negative print this Thursday will place the U.S. economy "officially" into recession. Longer-term notes and bonds are rallying with yields falling. The U.S. economy has slipped - or is slipping - into a prolonged period of economic stagflation. ...

Gold is a highly unpopular asset right now as far as its spot price on the "paper" market is concerned. The monetary policies of many central banks, including the Fed, are restrictive. The USD is trading high, whilst many analysts predict a recession is near. But this recession is...

Gold fell through the trap door at $1,800 and tested $1,680 last week. Has a bottom been found? Similar to gold, silver fell through several levels of strong support which turns all of those into resistance. Until the miners can gain traction and start powering higher, momentum in...

Looking at dollar delivery volume for July shows that this month is now the largest July ever. Unlike gold, the house accounts are net receivers of metal so far this month and BofA has delivered out a mere 97 total contracts. The Fed knows the economy cannot take much more tighten...

Despite being extremely oversold following a 2-year sell-off, Gold could still break 1675 to complete its correction. Given the pounding that Silver has endured relative to Gold, it may have already bottomed out courtesy of multiple positive divergences. Beyond extreme oversold wi...

Gold’s performance was driven by a combination of rising inflation, geopolitical risks, and a weaker yen. Bond yields in Japan may remain capped. Global growth slowdown and local economic pressure may finally translate into higher financial market volatilities. Wh...