Elliott Mgmnt Builds 'Large' Stake In Barrick Mining As Central Bank Gold Buying Accelerates
Elliott’s stake - valued at at least $700 million - puts it among Barrick’s 10 biggest investors... as Goldman maintains $4,900 gold price target...
Elliott’s stake - valued at at least $700 million - puts it among Barrick’s 10 biggest investors... as Goldman maintains $4,900 gold price target...
For generations, Vietnamese families have stashed gold as protection against hard times. Now rising prices are testing the government’s grip on the market...
...investors facing an increasingly complex, distorted and landmine-rich economic setting need to focus on being informed rather than emotional.
Roughly 216,000 tonnes of gold have been mined, with about 64,000 tonnes of reserves left underground...
The level of demand for gold is now prompting questions about whether reserves of the commodity are being exhausted and if humanity has reached "peak gold".
...overall, we can see that institutional money looks to have held onto longs in gold.
CTAs and macro hedge funds look like they have taken their positions in gold and silver back to nearly flat, clearing the markets for an eventual resumption of their uptrend after some consolidation.
Gold’s current bout of weakness is in line with history... before resuming its rally about 10-12 weeks later on average...
“We expect de-risking and profit taking by investors to be met by dip buying from other segments of demand including central banks and other physical buyers, ultimately keeping reversals relatively shallow,”
...risk/reward changes dramatically from Producers to Developers to Explorers...
In these markets, volatility is the one constant...
...this doesn’t yet look like the end of the bull market.
..."buyers are again higher" thinking they missed the pullback and seemingly chasing back-in.
Every time the US government has faced an existential financial crisis in its history, it has chosen to change the rules rather than honor its promises in full...
...several volatility indicators flashed red.
"The gold chart looked like a Meme stock breaking"
...don't panic!
...as retail buys the dip... And China’s interest is picking up again.
Shortages hit London too. The silver market is broken...
"There is something very wrong with the financial system, and that is the financial system is being used to institute a control grid..."
