Key trends for 2023 and December recap
(Kitco commentary) - Most asset classes lost ground in December, including broad equity markets, bond markets and most commodities, including uranium.
Gold higher after peak Fed hawkishness
(Kitco commentary) - Gold rose for the first time in eight months, climbing $134.96 (or 8.26%) to close November at $1,768.52.
Fed pivot FOMO and financial instability
(Kitco commentary) - The tough year continued in October for many asset classes, including precious metals.
The Dollar, Safe Haven or Leaky Lifeboat?
(Kitco commentary) -The "strong U.S. dollar" has been, of late, the most topical affliction for gold.
Things are breaking
(Kitco commentary) - Gold fell $50.43 (or -2.95%) to close at $1,660.61 for the month. After several tests over the past few years, gold finally fell below the $1,700 support level as the U.S. dollar (USD) made 20-year highs and real yields made 12-year highs.
Dawn of a new nuclear renaissance?
(Kitco commentary) - The Sprott Physical Uranium Trust ("SPUT", TSX: U.U ($US); U.UN ($CA)) was launched just over a year ago, in July 2021. While we were optimistic about the prospects for uranium, we could not foresee the tectonic shifts in the uranium sector that followed the launch and SPUT's significant impact.
Inflation, no quick fix
(Kitco commentary) - As of this writing, gold has declined 6.52% year-to-date while gold mining equities (GDX)1 have declined 19.73% (through July 14, 2022). The S&P 500 Index2 has lost 19.81% for the same period.
Gold holds in worst first half in decades
(Kitco commentary) - June was an extremely difficult month for most asset categories and marked a first half that was one of the worst in decades. Although gold bullion1 lost ground, it remains relatively flat for the year at -1.20% YTD through June 30, 2022, while silver bullion2 has declined 13.00% YTD.
Gold Note - June 13, 2022: Risk off wild ride
(Kitco commentary) - Friday's all-around bad CPI print jolted markets out of their bear market rally and back to pricing a hard landing outcome. Risk-off breakouts are occurring everywhere (currencies, bonds, credit, equities) except in commodities, which remained spared from the general market mayhem.
Silver demand and supply trends to watch
(Kitco commentary) - In this report, we provide our current outlook for silver. Ultimately, we believe recent market dynamics are creating short-term headwinds for precious metals from a monetary standpoint, but those trends could reverse s
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