Gold, Silver & Other Precious Metals 19 (Oct 24 - Dec 26)

[behappyalways]

Thanks for buying all those puts on gold! That is exactly what can help prices to bottom out and continue their run higher. Personally I am hoping to see a pullback to the 20-week SMA that gets bid aggressively to validate that the worst of this corrective impulse is over
https://x.com/Mayhem4Markets/status/1982181334329000130

[behappyalways]

Gold and silver prices plummeted: unprecedented bank runs and unprecedented market crashes!

金银暴跌：史无前例的挤兑与前所未有的砸盘！

https://m.youtube.com/watch?v=HJ1Nh-NVRvk

[behappyalways]

Bank of Korea may buy gold in medium-term after long hiatus
https://www.theedgesingapore.com/news/c ... ong-hiatus


The 3 Stages Of Gold Miners
https://www.zerohedge.com/precious-meta ... old-miners


Retail & Central Bank 'Dip-Buyers' Emerge As Gold Drops Below $4000
https://www.zerohedge.com/precious-meta ... below-4000

[winston]

China ends gold tax break in setback for key bullion market

By Yihui Xie

Starting on Nov 1, Beijing will no longer allow retailers to offset a value-added tax when selling gold they bought from the Shanghai Gold Exchange, whether sold directly or after processing.

Gold’s worst rout in more than a decade coincided with a reversal of relentless buying through exchange-traded funds, which had been on the rise since late May. It also matched the end of seasonal buying linked to festivities in India.

Many of the fundamentals that pushed it higher are expected to remain: buying by global central banks, US interest-rate cuts and a host of global uncertainties that still make its perceived safety appealing to investors.

Source: Bloomberg

https://theedgemalaysia.com/node/776470

[behappyalways]

These Are The World's Biggest Gold Mines
https://www.zerohedge.com/precious-meta ... gold-mines

[behappyalways]

Visualizing How Much Gold Is Left To Mine On Earth
https://www.zerohedge.com/precious-meta ... mine-earth

[winston]

China raised gold reserves by 15 tonnes in September, Goldman says

Central bank purchases of the precious metal totalled 64 tonnes for September, more than tripling the 21 tonnes in August. The purchases likely continued in November.

GS: “We maintain our assumption of average monthly central bank buying of 80 tonnes” in the fourth quarter to 2026.

The bank still sees gold prices reaching US$4,900 an ounce by the end of next year, boosted by continued central bank buying and private investor inflows under the US Federal Reserve’s easing monetary policy.

Source: Bloomberg

https://www.businesstimes.com.sg/compan ... ldman-says

[winston]

Beware the scorching gold rally

It is now 55 per cent higher than in January and 47 per cent past its previous inflation-adjusted peak, reached in 1980.

Many analysts predict it will break US$5,000 by the end of 2026. Then again, early this year, none had anticipated it would cross US$4,000 in 2025.

The gold price has roughly doubled since March 2024, despite the lack of a recession. America’s S&P 500 index has risen by more than 30 per cent over the period; real interest rates remain high.

What may have started, months ago, as a limited push for more gold in central banks’ reserves thus seems to have snowballed into a self-propelled mass of hot money chasing prices higher.

That is a bad omen for “strong hands”. At some point, this classic “momentum trade”– of investors following trends – will stop.

The longer it lasts, the more chips the brashest players stand to lose at the end.

Source: Economist

https://www.businesstimes.com.sg/opinio ... gold-rally

[behappyalways]

"I Feel Safer Holding Gold": Vietnamese Govt Cracks Down On Hoarding
https://www.zerohedge.com/precious-meta ... n-hoarding

[behappyalways]

FT Confirms Our Report From 2024 That China Is Buying 10x More Gold Than Officially Disclosed
https://www.zerohedge.com/markets/ft-co ... -disclosed