Official world gold reserves have reached 1,170 million fine troy ounces, the most since the 1970s.
Over the last 13 years, world central banks' gold holdings are up roughly 21%. Global gold reserves are now even higher than just before President Nixon broke the US Dollar's link to gold in 1971. In 2022 and 2023 alone, world central banks bought 1081 and 1037 tons of gold, respectively. Meanwhile, gold is up 15% year to date and 85% over the last 5 years. Source: The Kobeissi Letter
Life is short.
Source: Seek Wiser
Recession and stagflation don't happen often in the grand scheme of things... 90% of the time we avoid them...
Source: BofA
Trends in reshoring, electrification and AI are propelling US investment renaissance
Source: BNP Paribas Asset Management
Buybacks are Back
Sources: The Wall Street Journal, Bloomberg
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Antonio Linares
S&P 500 companies continue to outpace earnings expectations, but not quite as much on the sales side.
But now we are seeing these expectations rise, so the quarters ahead may become a bit more challenging as we may see earnings growth slowing at the same time. Source: Bloomberg, Markets & Mayhem
This is a trend worth keeping an eye on. China’s Gold trading volumes have seen a BIG spike.
Moreover, their Central Bank has been rapidly accumulating Gold These are very positive developments for the precious metal. Source: Game of Trades
