China’s Strategic Shift: Gold Up, Treasuries Down
In the past 5 years, their U.S. Treasury holdings have plunged from ~$1.1T to ~$760B. Meanwhile, their gold reserves have soared from ~1,850 tons to over 2,200 Source: Andrew Wells, Bloomberg
It’s time to stop looking at real yields to determine gold price...
Source: Michel A.Arouet
Gold has surged 27% year-to-date.
Most recently, Bitcoin has caught up and is up 18% YTD. What's the message here? Source: Global Markets Investors
Gold market cap relative to the US equity market cap hit its highest level in 12 YEARS and is exactly at its long-term median.
Given the geopolitical and likely financial markets changes underway, will we see a repeat of the 1970s??? Source: Global Markets Investors, Incrementum AG
Gold extends slide, selling off for 5 of the past 7 days, and dropping below the 50DMA amid lull in Chinese retail/ETF buying,
as the tariff truce eases fears of sharp currency devaluations for now. Source: zerohedge
The Gold/Silver Price Ratio is now trading at 102x, the highest level in history since the U.S.
Dollar came off the Gold Standard (excluding the Covid scare) Source: Barchart
China is back buying gold
Source: zerohedge, Bloomberg
Gold Breaks Down As China Hits The Sell Button And CTAs Line Up To Follow
According to reports, China just dumped a million ounces of gold Source: zerohedge
