The Short Term Risk For Gold
Gold volatility, GVZ, has exploded to the upside. Everybody underexposed to gold has grabbed calls with both hands, pushing volatilities to extremes. Theta is painfully expensive up here. Once gold pauses or reverses, this could turn into a major headwind. Source: The Market Ear
The long-term potential for GOLD
The current gold secular bull market tracking higher than the early-2000s move and lower than the 1970s bull. Source: @3F_Research, Warren Pies This is not an investment
The Gold ETF ended yesterday's session at its most overbought level on record (monthly RSI). Today it is down 4%
$GLD Source. Charlie Biello
China is remonetizing gold
Gold Warrants on the Shanghai futures exchange are UP 25x since the beginning if the year. What is a Gold Warrant? A gold warrant on the Shanghai Futures Exchange (SHFE) is an electronic certificate representing ownership of a specific quantity of physical gold stored in an SHFE-approved delivery warehouse. They are used as the basis for physical delivery against gold futures contracts. Each standard gold warrant typically represents 3,000 grams of gold that meets exchange standards for purity and origin. Why are they surging? Shanghai gold warrants are surging due to a combination of record-breaking safe-haven demand, robust central bank gold purchases (notably by the People’s Bank of China), and intense price volatility driving investor and arbitrage activity. Source: Jim Bianco, @AndreasSteno
Gold, Utilities, healthcare and consumer staples are leading the S&P 500 this month
Source: WSJ
Gold is Up 9 weeks in a row.
Gold has never gone up 10 weeks in a row before. Source: Subu Trade on X
Physical gold shortage in Japan ???
Interesting colour from Bloomberg on gold demand in Japan at present... Source: Bloomberg, Krishan Gopaul on X
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
