February 2023 - Week 2 Edition
The World Gold Council Reported an 11-Year High in Gold Demand
Gold demand rose 18% over 2021, reaching 4,741 metric tons (each ton amounts to 32,150 Troy ounces), not counting the active over-the-counter (OTC) trading markets. Central banks bought 1,136 (24%) of those tons, a 152% increase over 2021 when central banks bought only 450 tons of gold.
February 2023 - Week 1 Edition
U.S. Mint Bullion Coin Sales Continue to Decline Due to Production Challenges and High Premiums
The U.S. Mint continues to lag behind last year’s sales of the American Silver Eagle series due to past delays in production, delivery and high costs charged by their authorized purchasers.
January 2023 - Week 4 Edition
Gold Continues Strong Run Into 2023
Gold has now risen five weeks in a row and 11 out of 13 weeks since the week ending October 20, 2022.
January 2023 - Week 3 Edition
Gold Continues Strong Run to Kick Off 2023
Gold is up 5% so far this year on the futures market and +4.6% on the spot market, beating stocks by a long shot – continuing a three-month bull-market surge coinciding with the peak in the U.S. Dollar Index (DXY) last October. In that span of time, gold is up 15.8%, platinum is up +14.7% and silver is up +27.9%, while the Dow is up 12.3%, the S&P 500 is up just 8.5% and the once red-hot NASDAQ is up under 4%.
January 2023 - Week 3 Edition
Gold Continues Strong Run to Kick Off 2023
Gold is up 5% so far this year on the futures market and +4.6% on the spot market, beating stocks by a long shot – continuing a three-month bull-market surge coinciding with the peak in the U.S. Dollar Index (DXY) last October. In that span of time, gold is up 15.8%, platinum is up +14.7% and silver is up +27.9%, while the Dow is up 12.3%, the S&P 500 is up just 8.5% and the once red-hot NASDAQ is up under 4%.
January 2023 - Week 3 Edition
Year-End Summary: Precious Metals Rally to “Victory” in the Fourth Quarter
Just like a football or basketball game where the favorite team lags for three quarters only to rally for a win, gold and silver rallied in the fourth quarter to take the lead and win the game at the buzzer.
January 2023 - Week 2 Edition
Year-End Summary: Precious Metals Rally to “Victory” in the Fourth Quarter
Just like a football or basketball game where the favorite team lags for three quarters only to rally for a win, gold and silver rallied in the fourth quarter to take the lead and win the game at the buzzer.
January 2023 - Week 2 Edition
Year-End Summary: Precious Metals Rally to “Victory” in the Fourth Quarter
Just like a football or basketball game where the favorite team lags for three quarters only to rally for a win, gold and silver rallied in the fourth quarter to take the lead and win the game at the buzzer.
December 2022 - Week 4 Edition
CNBC Panel Debates $4,000 Gold in 2023
We’ve already reported how Ole Hanson of Denmark’s Saxo Bank sees $3,000 gold next year, with a potential surge to $4,000. Last week, a CNBC panel held on December 22 debated the fate of gold next year. One panelist, Juerg Kiener, managing director and chief investment officer of Swiss Asia Capital, said gold could surge to $4,000 next year as interest rate hikes and recession fears keep markets volatile.
December 2022 - Week 3 Edition
Gold Jumped Significantly Since Fed’s Interest Rate Hike
Gold has traded between $1,785 and $1821 since Wednesday, December 14, after the Federal Reserve raised rates another 0.5% and issued a downbeat report on potential future rate increases in 2023.
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