Gold and silver consolidating after retreat More “restrictive” comments from Federal Open Market Committee (FOMC) members Rather than buying on dips, gold is now running into selling into any short-term rally. This is partly self-fulfilling as the technical constructions have become increasingly negative, with the 10-day moving average crossing below the 20-day and gold is […]
Coininvest round-up Monday 16th January 2023
Gold pushes through $1,900 after the Golden Cross Gold, Silver, and the Ratio Last week we wrote as follows: – “It feels to us as if there has been some substantial pre-positioning by professional investors, possibly with a view to the U.S.’ rate cycle peaking this year (which may or may not happen – the […]
Coininvest round-up Monday 15th August 2022
Silver ETPs; a negative swing of 5,306t so far this year against 2021 That is equivalent to eight weeks’ global demand Market is in surplus overall The minutes from the July FOMC meeting are due this week While silver’s rally in the first week of August was twice that of gold, suggesting that sentiment in […]
Coininvest round-up Monday 18th July 2022
Gold now in a net short on COMEX Managed Money Silver Managed Money short at over a three-year high We have seen another big sell-off in gold and silver and this time it was triggered by the U.S. Consumer Price Index (CPI), which was released on Wednesday 13th and then compounded by a high Producer […]
Coininvest round-up Monday 13th June 2022
We noted last week that the U.S. yield curve was nearing inversion; well now we are at the tipping point, with the two-year and ten-year rates level. A yield curve inversion reflects risk-off sentiment with particular respect to fears of a recession. Investors tend to buy the long-term bonds with a view to locking in […]