Gold

The Market Ear on gold. UBS on gold 1. World gold Council’s 2Q data shows a slight slowdown in central bank gold buying, but 43% of reserve managers still plan to increase holdings (vs. 29% in 2024).

ANZ doesn’t think so.

The Market Ear on one winner as US growth fades.

I have been bullish on gold for a year or more.

Gold is the new (old) global reserve currency so long as the child president continues his assault upon the institutions of Bretton Woods II.

Goldman has pumped copper and is now turning.

Overheated or what?

The Market Ear on ludicrously overbought gold. Gold – on the road to 3k Unstoppable gold continues surging today again. As we have been pointing out recently: gold is overbought, but there is room for it to move even higher before we reach the upper part of the channel (comes in around $3k).

The Market Ear with the latest on NVIDIA’s fade out and the resurgence of gold.

The analogue crypto puke is on.

The Market Ear on the gold puke.

Markets are repricing across the spectrum for a Trump win but not analogue bitcoin when it is arguably one the most vulnerable.

I have been on board with the gold rally given Fed rate cuts and geopolitical tensions but it’s gotten well overheated.

The gold price pulled back last week after testing resistance, says BofA.

Goldman with the note.

The Market Ear with more.

RBC makes the point I have been making for several months now.

AEP with his take on why gold has decoupled from traditional drivers.

Wiping the egg from my face, I refer back to my recent post “Goodbye gold“.

I am a gold trader from way back.

The Market Ear with the detail.

Michael Hartnett at BofA has a warning for gold bugs: Sell gold: gold returns negative 7/10 times after last hike, avg-13% returns 3 months post last Fed Hike in inflationary cycles…love gold long-term but if dollar has risk-off, gold back below $2000.

Credit Agricole with what strikes me as a good guide to the year ahead for DXY.