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Gold: Mark Mobius Thinks Golden Years Are Ahead
Mark Mobius endorsed gold. He predicted that gold (GLD) might top $1,500, which came true. The commodity traded at $1,514.5 at 8:45 AM ET.
Dalio’s Answer to the End of the Lower-Rate Era Is Gold
Ray Dalio mentioned in a LinkedIn post on Wednesday that it’s important for investors to explore the market paradigm in which they’re currently operating.
Why Mobius Says Investors Should Allocate at Least 10% to Gold
Gold prices have seen a change in fortunes over the last month or so.
Analyzing Standard Chartered’s Bullish Gold Outlook
Standard Chartered precious metals analyst Suki Cooper is very positive about gold’s price outlook. As reported by CNBC, she said, “There’s a lot more interest in gold on a widespread basis. It’s not just tactical investors or ETF holders. it’s broad based.”
Why Goldman Sachs Has Revised Its Gold Forecast Higher
Goldman Sachs (GS) has long been bullish on gold. In March 2018, the bank turned positive on gold (IAU) for the first time in more than five years. It’s since been advising investors to turn defensive due to its forecast of increased risk, recommending that investors go for high-quality stocks and gold.
ETF Buying Is Late but Should Keep the Party Going
Gold ETFs, whose price momentum has been positive, are seeing renewed buying interest from investors.
Ray Dalio Increased His Bets on Gold during Q1
Ray Dalio increased Bridgewater Associates’ stake in the SPDR Gold Shares (GLD) and the iShares Gold Trust ETF (IAU).
Credit Suisse Expects Gold Miners to Follow Gold Higher
Credit Suisse (CS) is positive about gold prices (IAU) in 2019. The bank expects gold prices to average $1,280 per ounce in 2019.
JPMorgan Chase Expects Gold to Go Higher in 2019
JPMorgan Chase (JPM) thinks that gold prices (GLD) should go higher. Right now, the Fed is patient on rate hikes.
Deutsche Bank Upgraded Barrick Gold
Barron’s reported that Deutsche Bank (DB) analyst Chris Terry has increased gold’s (GLD) (IAU) target price to $1,350 per ounce for 2019.
Goldcorp Outperformed Its Peers in Q1—Could This Continue?
Goldcorp’s (GG) fourth-quarter EPS came in at $0.07, which beat the consensus estimate of $0.04.
Why Wheaton Precious Metals Is Still Analysts’ Top Gold Bet
Among major gold (GLD)(IAU) mining and gold streaming companies (GOAU), Wheaton Precious Metals (WPM) is analysts’ favorite and has received the most “buy” recommendations at 91%.
Could Gold Prices Rise as Market Concerns Increase?
Due to more uncertainty and the positive macro backdrop offered by the Fed, gold prices (IAU) (JNUG) could get another significant boost.
These Assets Could Be Attractive If Fed Rethinks Inflation Course
The Federal Reserve’s two main objectives are stabilizing prices and maximizing employment.
How Gold Miners’ Costs Stack Up
Barrick Gold (GOLD) reported AISC of $788 per ounce and a cost of sales of $980 per ounce in the fourth quarter.
Gold Miners Fell Short of Replacing Their Reserves in 2018
To achieve production growth in the long term, gold miners (GDX) (GDXJ) have to replace every ounce they take out of the ground.
JPM Likes Gold, as Fed Might Let Inflation Overshoot Target
The Federal Reserve has two main objectives: price stability and maximizing employment.
Buffett versus Dalio on Gold: Whose Advice Should You Take?
When it comes to investing in stocks, Berkshire Hathway’s (BRK.A) chair, Warren Buffett, and Bridgewater’s founder, Ray Dalio, have similar advice.
Buffett, Dalio, and Gundlach’s Views Converge on Bitcoin
Many prominent investors have a strong dislike of bitcoin (BTC). Jeffrey Gundlach, who believes Bitcoin could easily rise 25% and return to a $5,000 price point, still doesn’t advise investing in it.
Strong Case for Gold over Bonds and Stocks? Bernstein Thinks So
Gold’s price saw its fourth consecutive positive monthly return in January. It rose ~3% in the month after its rise of 4.9% in December.
Gold-Backed ETFs Started 2019 on a Positive Note—More Upside?
According to the World Gold Council, holdings in gold-backed ETFs and similar products rose by 69 tons in 2018, equivalent to $3.4 billion worth of inflows.
Central Banks Purchased the Most Gold in 50 Years in 2018
According to the gold demand trend released by the World Gold Council on January 31, annual gold demand increased by 4% in 2018.
What’s the Upside for Gold from the Fed’s Meeting This Week?
Gold prices rose ~1.4% to a seven-month high on January 25. Gold prices briefly breached the psychologically important $1,300 per ounce mark.
Why Gundlach and Einhorn Are Betting on Gold
Jeffrey Gundlach said during Barron’s 2019 Roundtable that “Gold and commodities broadly should benefit this year.”
Why Is Wheaton Precious Metals Analysts’ Favorite Bet on Gold?
Among major gold mining and gold streaming companies, Wheaton Precious Metals has received the most “buy” recommendations at 90%.
What Could Affect Newmont’s Valuation after the Merger?
The Newmont-Goldcorp merger deal could offer significant synergies.
Jim Cramer Suggests Nervous Investors Buy Gold Now
Jim Cramer is advising investors to invest in gold if they’re concerned about the Fed’s interest rate policy and the US-China trade war.
Why the Fed Could Make Gold Shine Next Year
A major factor weighing on gold prices this year was the Fed’s tightening cycle.
The Gold Equities Credit Suisse Favors in 2019
Credit Suisse (CS) is positive about gold prices (IAU) in 2019. The bank expects gold prices to average $1,275 per ounce in 2019 and $1,300 in 2020.
Is Now the Time to Heed Dalio’s Gold Allocation Advice?
Ray Dalio’s love for gold is well known.
Could Investors’ Extreme Bearishness on Markets Turn Them to Gold?
While gold prices have languished for the most part of 2018, October saw a resurrection in the metal’s safe-haven appeal.
Will Gold Surge as the Fed Says to Wait and See?
The Federal Reserve Committee plans to meet for the last time in 2018 on December 18–19. The committee is widely expected to raise interest rates (TLT) by 25 basis points, marking the fourth hike this year.
Gold ETF Holdings Are on the Rise
There is a lot of uncertainty and volatility in the current economic macro environment with trade tensions continuing and geopolitical issues ramping up.
Ray Dalio Thinks Investors Aren’t Ready for the Next Bear Market
Ray Dalio, chair and chief investment officer of Bridgewater Associates, feels that stock investors aren’t prepared for the next bear market.
Goldman Sachs: Where to Hide in a Slowdown
Similar to Bank of America, Goldman Sachs (GS) isn’t bullish on stocks’ prospects next year.
Why Goldman Sachs Thinks Gold Prices Are ‘Extremely Attractive’
In a report published yesterday, Goldman Sachs (GS) stated that commodities (COMT) could climb 17% over the coming months.
What Did It Cost Gold Miners to Dig Out an Ounce of Gold?
AISC (all-in sustaining costs) is an encompassing measure that helps us compare gold miners’ performances.
Why Ray Dalio Recommends Holding 5%–10% in Gold
Dalio’s Bridgewater Associates built its position in gold ETFs mainly after the second quarter of 2017.
Q4 2018 Started on a High Note for Gold
During the third quarter, gold’s price fell ~5%, dipping below the psychologically important level of $1,200 per ounce it touched in August.
Central Banks Buy Most Gold in Three Years
According to the World Gold Council (or WGC), central banks’ gold (SGOL) buying has hit the highest level in almost three years for the quarter ended September 2018.
Gold ETF Buying Accelerates as Gold’s Safe-Haven Appeal Is Restored
Gold ETFs have seen renewed buying interest from investors in October on increased market volatility and the equity market sell-off.
Why Goldman Sachs Is Still Optimistic about Gold
In March this year, Goldman Sachs (GS) turned bullish on gold for the first time in the last five years.
Gold Miners Have Been Able to Control Costs
Barrick Gold (ABX) has one of the best AISCs among the senior developers.
What’s Driving Analyst Optimism about Gold?
Bank of America (or BofA) contends that gold prices should surge over the next year as US budget deficit and trade war concerns start to make an impact on the US economy.
Central Banks Are Accumulating Gold due to Dollar Worries
Central banks have been net buyers of gold (SGOL) since the beginning of the financial crisis of 2008.
Contrarian Investors’ Positions after BAML Survey
A record number of fund managers in the BAML September survey believe that gold is undervalued, trading at a 17-year low.
US Consumer Price Index Underwhelms: Gold, Stocks Rejoice
The US CPI (consumer price index) for August rose 0.2% sequentially compared to the 0.3% growth that was expected by economists.
What Could Be the Catalyst for Gold’s Short Covering?
According to the COT report for the week ended September 4, money managers resumed building their short positions in gold futures.
Could the US Dollar’s Rally Fizzle to Gold’s Benefit?
It’s no secret that President Trump wants a weaker dollar to support the country’s exports.
US Dollar Strengthens after Dry Spell: Can It Continue?
The US dollar (UUP) is gaining strength after a short dry spell.
These Analysts Expect Gold Prices to Rebound on Short Squeeze
UBS strategist Joni Teves believes that the shorting of gold (GLD) “should ultimately be supportive” for the metal and allow “ample space for positions to be rebuilt ahead.”
Gold Short Positions Still Growing: Short-Squeeze Rebound Ahead?
According to the COT report for the week ended August 24, detailing holdings as of August 21, money managers were net short on gold for the ninth straight week.
Gold Gains on US-Mexico Trade Deal—What’s the Upside?
Gold prices (GLD) recorded their first weekly gain last week after six weeks of continued losses. What changed?
Is the US Economy Showing the First Signs of Cracking?
According to David Rosenberg, the chief economist of Gluskin Sheff, 14 economic reports in August thus far have missed expectations.
Is This the Beginning of the End for the US Dollar’s Rally?
One of the culprits for weaker gold prices in 2018 is the strength in the US dollar.
Fed’s Dovish Stance Could Be Opportunity for Gold Investors
Gold prices have been disappointing since April mainly due to a tighter monetary policy outlook as well as the stronger US dollar.
At What Cost Are Gold Miners Mining Gold?
Barrick Gold (ABX) reported AISC of $856 per ounce and a cost of sales of $882 per ounce in the second quarter.
Could the US Dollar’s Strength Prolong Commodities’ Pain?
While the US dollar has reached a 13-month high, gold prices are nearing 19-month lows.
Why Ray Dalio and John Paulson Are Still Investing in Gold
Based on second-quarter Form 13Fs, despite gold prices falling, hedge funds remained invested in gold.
Turkey’s Crisis Didn’t Increase Gold’s Safe-Haven Bids
Usually, gold (GLD) gains due to economic or political turmoil. In 2018, gold has been behaving more like a risk asset.
US Core Inflation in July Sees Largest Increase since 2008
US core CPI rose 2.4% in the 12 months to July, which was the largest increase in core CPI since September 2008.
Why an Autumn Rally in Gold Could Be around the Corner
While the US dollar (USDU) has been gaining as a safe-haven asset as trade concerns heighten, a further increase could leave the dollar vulnerable.
Why Do Analysts Think Gold’s Sell-Off Is Overdone?
According to a Reuters poll of 35 analysts and traders, the average gold price (GLD(IAU) forecast for 2018 and 2019 is $1,301 and $1,325 per ounce, respectively.
Why the Risk-to-Reward Ratio Could Favor Gold Bulls Now
Due to gold’s slide below $1,220 per ounce, investors wonder whether gold could hit the psychologically important level of $1,200 per ounce.
Why Gold’s Weakness Could Reverse
Investors, market participants, and analysts have been puzzled by gold’s weakness in recent months despite escalating trade war tensions.
Fresh Sell-Off Hits Gold: Is $1,200 the Next Stop?
Gold prices (IAU) have been on a losing spree since mid-April due to the US dollar’s strength and diverging monetary policies.
Fund Managers Believe Gold Is Undervalued: Time to Buy?
A record number of fund managers in the BAML (Bank of America Merrill Lynch) July survey believe that gold is undervalued.
How Long Will US Dollar Keep Holding Gold Back?
The PowerShares DB US Dollar Index Bullish ETF (UUP), which provides exposure to the dollar’s futures contracts, has risen 3.3% year-to-date (or YTD) and 6.5% since late March.
Analyzing Mining Companies’ Correlation with Gold
Precious metal prices’ revival in the last week has led to miners rebounding, with most mining companies performing positively.
Is It Time to Get Excited about Gold?
Without a second half catalyst, gold will probably drift sideways, falling below the lower trend line and further eroding confidence in the metal.
Why H1 2018 Should Be Interesting for the Gold Market
he second half of 2018 should be very interesting for the gold market. The chart shows the gold price has formed a wedge or pennant pattern that has been in place for several years.
Platinum at 14-Year Low, All Precious Metals Tumble: What’s Next?
After witnessing a rebound on Friday, precious metals fell again on Monday, July 2. Gold fell 0.88% to close at $1,242 per ounce.
The US Dollar Is Overpowering Gold as Hedge against Market Risk
Among growing market unrest, investors have turned to the US dollar rather than gold as a safe haven.
How the Platinum Markets Are Moving in Relation to Gold
Higher demand for gasoline-powered vehicles over diesel-based vehicles caused a slump in platinum prices.
Looking at the Spread between Gold and Silver
The gold-silver spread is 77, indicating that it takes ~77 ounces of silver to buy one ounce of gold. In May, this spread stood at 78.
Can We Establish a Relationship between Gold and the SPX Index?
The correlation between gold and the S&P 500 (SPX) is 0.18 on a year-to-date basis.
How Market Volatility Moved Gold on June 25
Precious metals saw downward price movement on June 25. Gold fell ~0.26% and was trading at $1,266.00 per ounce on the day.
Risks of a Slowdown Rise on Trade War Risks—Can Gold Benefit?
According to a survey by Bank of America Merrill Lynch, 31.0% of respondents see a trade war as the biggest tail risk for the markets, up from 25.0% in May.
Oil Prices Soar on OPEC Agreement—What Does It Mean for Gold?
After its June 22 meeting, OPEC decided to increase its output. However, this increase was lower than what the markets expected.
Which Analysts See Gold Prices Approaching $1,400 per Ounce?
ING believes that this time next year, we should see gold prices touching $1,400 per ounce.
Taking on Exposure to Real Assets
Capital is allocated amongst assets on which the model is bullish on using an optimization process designed to maximize our diversification and minimize our volatility.
Why the RAAX Fund Is Bullish on Gold
Let’s take a look at some of the reasons why RAAX maintains a bullish or bearish position on certain asset classes.
Why the RAAX Fund Is Mostly Bullish on May Positioning
RAAX remains fully invested across commodities, natural resource equities, and MLPs. As they were at launch, the largest weightings remain in diversified commodities (30%), gold bullion (20%), and agribusiness equities (20%).
The RAAX Fund’s April Performance: Must-Knows
The VanEck Vectors Real Asset Allocation ETF (RAAX) launched, on April 9, into a period of strong performance for real assets.
What’s Supporting Gold Prices and What’s Not
On Thursday, silver was up 0.8% to $16.6 an ounce.
How Economic Numbers and the US Dollar Downplayed Precious Metals
Before the Fed’s minutes were released on May 23, gold was trading lower due to the increased pressure from the surging US dollar.
US Dollar at a 5-Month High, Gold at 5-Month Low
Besides overall market volatility, the most important determinant of precious metal prices, especially gold’s (IAU) (SLV), is the US dollar.
Did Ray Dalio and John Paulson Revise Their Gold Positions in Q1?
As the 13F filings became available during the start of last week, much of the market buzz was about what money managers are holding and what they are staying away from.
Is a Rebound in the Cards for Gold?
After the massive slump in gold prices as US Treasury yields rose, the trading range for gold seems to have corrected lower.
How the Dollar’s Surge Affected Precious Metals
The DXY gained 3.8% over the last month. During the same timeframe, gold fell 4.2%.
Could Investors Keep Pouring Money into Gold ETFs?
Gold ETF investors bought 173.4 tons of gold in 2017, which was 9% higher year-over-year.
What the Gold-Platinum Ratio Indicates
Lower platinum prices are a major concern for platinum miners in Africa.
The Most Crucial Determinant of Gold Prices
Another crucial factor behind precious metals’ rise was the US dollar index, which fell 0.42% on May 10.
How Are Miners’ Correlations Moving in May?
In this part of the series, we’ll look at the correlation between gold and four mining stocks.
A Quick Look at the Technicals of the 4 Precious Metals
Gold’s price dipped 0.13% to $1,312.8 per ounce on May 9. The fall in gold was extended for a number of reasons.
The Correlation of Miners over the Last Few Years
Over the past three years, NGD has seen a declining correlation to gold, while BTG, RGLD, and NEM have seen mixed correlations.
Broader-Market Correction Failed to Boost Gold Equities
Investors viewed the general market sell-off as an overdue correction, rather than the reemergence of systemic risks.
Are Gold Miners’ Cost Concerns Overblown?
Several companies have guided to higher all-in mining costs in 2018 and we have seen some press and research that suggests costs are beginning to rise.
Why Markets Are Ignoring Gold Equities
While volatility has returned to markets this year, it has yet to reach worrying levels that might motivate investors to hedge their exposure.
What Fed Rate Hikes Mean for Gold
Gold’s price action in March was very constructive, even though it only advanced $6.62 (0.5%).