Gold and gold miners together represent about 5% of total global assets.
That is approximately 7–5 times below the highs reached in prior cycles. Source: Tavi Costa, Bloomberg
The US has added copper, silver, and uranium to its official list of critical minerals
This expanded the Trump administration’s definition of resources considered essential to the nation’s economy and security According to a Bloomberg report, citing a US government website, the revised US Geological Survey list now includes 60 minerals in total — 10 more than before — with new additions such as metallurgical coal, potash, rhenium, silicon, and lead. The list also encompasses 15 rare earth elements and replaces the previous version published in 2022. https://lnkd.in/eFTMDJ29 Source: Firstpost
In case you missed it... Soybeans jump to highest price since July 2024 📈📈
Source: Barchart
Gold to Silver ratio through history
Source: Ali C on X
Gold is giving us a lesson in statistics. Yesterday's −5.7% move is a rare 4.46-sigma move.
In a “normal” world, that’s once every 240,000 trading days. In reality −4.67% to −6.00% occurred 34 times since 1971, i.e. in 13,088 trading days (0.26% = 1 in 385 days). Even bigger drawdowns happened 21 times since 1971. Message: Gold is NOT low-vol. FOMO caused the latest leg up. Now, profit taking and weak hands got shaken out. Means? Statistically speaking, chances are that calmer days are ahead. Source: Alexander Stahel 🌻@BurggrabenH on X
Gold is Up 9 weeks in a row.
Gold has never gone up 10 weeks in a row before. Source: Subu Trade on X
Mexico tops the list as the largest Silver Mine producer in 2024, followed by China and Peru.
Source: InvestyWise @Investywise
I’m not a gold buyer, it costs 4% to own it,”
Dimon said Tuesday at Fortune’s Most Powerful Women conference in Washington, referring to storage costs for billionaires who have to store several hundreds gold bars worth billions, and clearly not referring to 99% of actual gold buyers who own a little gold at home and which costs them 0% to own it. That said, Dimon admitted that gold “could easily go to $5,000, $10,000 in environments like this. This is one of the few times in my life it’s semi-rational to have some in your portfolio.” Source: zerohedge, metals mine
