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

Gold recently went through a textbook 20% correction, and many quality gold miners got pummeled, dropping by 30-50% or more. While many analysts are modeling gold miners' earnings using stagnant or lower gold prices, the price of gold could move substantially higher in the coming year...

As US dollar strength continued and inflation expectations softened, the gold price fell, gold ETFs lost 81t (US$4.5bn), and speculative positions in gold futures turned net short for only the fifth time since 2006. The market reaction to the July Fed meeting may encourage a more sust...

Unfortunately, Fed policy is the primary determinant of all markets these days, including precious metals and miners. Exactly as predicted, Silver ran into resistance at its 50-day moving average. GDX is the laggard of the group. By David Brady Courtesy of the Fe...

Despite the recent slowdown in debt issuance, the Treasury has added more than $1T in debt during the first 7 months of the year. The Fed hiking cycle has brought the weighted average interest rate up from 1.3% to 1.53%. 23bps may not sound like much, but on a $30.6T balance, that com...

In 2017 and 2018, CBRT repatriated all its gold from the Federal Reserve Bank of New York and the Bank for International Settlements, and all but 6 tonnes from BOE. Yet, in 2020 and 2021, CBRT began shipping gold back from Turkey to London, and at the end of 2021, it was holding 78 to...

Some research related to the US Federal Reserve’s recent rate increases and how gold has previously reacted to rising and falling interest rates. In 2008-09, after the initial rally phase prompted by raising rates from Apr-04 to July-06, gold collapsed as the 2008-09 GFC crisis...

Why gold hasn't benefited from higher inflation. How an aggressive Fed helped take the steam out of gold prices. What a recession might mean for gold prices. By some accounts the performance of gold this year has been a bit of a disappointment. The precious metal...

Heading into the FOMC this week, Managed Money was clearly betting on a hawkish Fed pushing gold lower. The long-term bull market continues despite the volatile gyrations of Managed Money positioning. Managed Money has absolutely hammered silver lower while Swap has been on the ot...

Gold mining supply has fallen 7% from 2016 to 2021, while silver is down 8.5%. The cost of mining gold and silver is far below the current level of prices, which should create an incentive for more investment in the sector. There don’t appear to be a lot of new mines coming...

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...