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1331 days ago

The SPDR Gold Shares ETF (GLD) recorded its largest outflow since March

After a massive rush into the world’s biggest gold ETF, some investors trimmed their positions amid a mixed economic outlook. State Street Corp.’s SPDR Gold Shares exchange-traded fund (GLD), suffered $382 million in outflows on Friday, according to data compiled by Bloomberg. While that’s a drop in the bucket for the $82 billion fund, it marked the largest withdrawal since March.

#Commodities
GOLD ETF outflows

1331 days ago

Gold: a falling knife?

The pace of Gold's rapid ascent means the first real key support levels - in the eyes of chart watchers - are lower, even after yesterday's near 6% slide. Gold was still trading more than 2% above its uptrend from March and about 4% above a closely-watched Fibonacci level and its 50-day moving average (source: Bloomberg).   

#Commodities
Gold falling knife

1333 days ago

Gold bull markets and negative real bond yields

Otavio Costa from Crescat Capital highlighted that "yields got as low as -5% in the 70s during two major bull markets for gold". Fast forward to 2020: historically indebted corporations and governments can’t take higher yields. As such, monetary and fiscal stimulus are here to stay. Investors should thus expect negative real yields and this should be bullish Gold - source: Crescat Capital. 

#Commodities
Negative real yields and gold

1333 days ago

Lumber futures price at record high

Source: Factset, Toroso Asset Management 

#Commodities
Lumber at record high

1333 days ago

The physical gold premium over futures prices spiked to its highest since 2014

One asset seems to be in great demand... (chart from Bloomberg)

#Commodities
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