‘This commodity rally does not look like a head fake’ - TS Lombard

TS Lombard says the overall commodity space may remain higher for an extended period of time. ‘This commodity rally does not look like a head fake’ - TS Lombard. The firm says the global economy is shifting gears towards a ‘sticker-for-longer’ inflation stance.

Hard To Make A Bearish Case Against GLD

SPDRR Gold Shares Trust has struggled to maintain its high valuations, leading investors to question if the bull run in precious metals has come to an end. Recent price activity in GLD has been decisive, correlating with rising U.S. Consumer inflation data. GLD's recent breakout activity sent fund valuations into overbought territory, but these indicators can be distorted by broader trend activity. Long-term flows in the SPDR Gold Trust have flipped into negative territory.

Here are UBS's top gold picks as stocks appear inexpensive amid wider rally

Gold stocks appear inexpensive and have abnormally lagged the gold price, UBS says. The stocks are trading on a P/E relative that is 40% below its norm. The investment bank calls on investors to continue to be overweight gold stocks. Gold miners have failed to match a blistering rally in gold recently.

Near Term Top In Gold And Silver (Technical Analysis)

Precious metals have likely topped out for the near term, and gold could see a pullback to the $2,100 level. Gold and silver are not reacting as expected to geopolitical tensions, indicating potential exhaustion in these markets. The breakout in US 10-year yields could put pressure on gold and silver prices. The long term trend in precious metals is still up, and I am looking to buy in.

Meta Falls 15% On Great Earnings, Tesla Rises 12% On Ugly Earnings – Here Is The Real Reason

The Power of Market Mechanics: Meta Platforms Inc (NASDAQ:META) reported excellent earnings, but the stock fell 15%. Tesla Inc (TSLA) jumped up on heavy AI spending, but Wall Street's positioning was negative. The momo crowd is buying the momo stocks in the early trade. Today's auction of $44B of seven year Treasuries indicates stagflation may be coming.

US Economy Grows 1.6% In Q1, Slightly Below Expectations As Price Pressures Weigh On Spending

Annualized growth rate of the U.S. Economy grew in the first quarter of 2023 at 1.6% compared to 3.4% in the final quarter of the year. The growth rate is below economists' predictions of 2.5% growth for the quarter. The annualized growth of the Gross Domestic Product was also below the expected 1.8%.

Asia Markets Mixed, Europe Dips; Copper Prices Rise On BHP's Buyout Offer To Anglo American - Global Markets Today While US Slept

The U.S. Stock markets closed mixed on Wednesday as the S&P 500 closed higher. The Dow fell, but the Nasdaq rose, with consumer staples and real estate sectors leading gains. Japan's Nikkei 225 index closed down 2.16% on Thursday. European stocks dipped as investors reacted to mixed earnings from major companies.

Commodity Roundup: Oil, gold firm ahead of U.S. GDP data, natgas down

Oil prices rise on fears of a wider conflict in the Middle East. Israel said it plans assault on Hamas hold-outs in Rafah. Brent crude futures rise 0.15% to $88.03 a barrel. Spot gold trading higher ahead of U.S. GDP data, natgas down.

Gold Market Update

Gold recently became extremely overbought in momentum terms against all major fiat currencies. The probability is high that the gold price has either just set a multi-month price top or will soon do so. The euro, the Yen, the Swiss franc, and the Canadian dollar recently became as stretched to the downside relative to gold as they have been in 15 years.

Musk Lifts Sentiment In Entire Stock Market By Saying A Regular Car Is Like "Riding A Horse"

Elon Musk has lifted sentiment in the stock market by saying that Tesla Inc (TSLA) is not a car company but an AI company. Boeing Co (BA) earnings are being well received after better than expected. The U.S. Treasury will conduct a record auction of $70B of five year Treasuries. Money flows are positive in the early trade of TSLA.

Commodity Roundup: Oil prices ease; LNG supply risks remain high, ANZ says

Commodities Energy Commodity Roundup: Oil prices ease; LNG supply risks remain high, ANZ says. Subdued demand has eased concerns about supply shortages in global gas markets. Significant risks to supply still remain due to the ongoing conflict in Ukraine and the Middle East. European natural gas futures eased after rising from a two-week low. Crude oil prices ticked lower despite surprise drop in crude stockpiles.

Asia And Europe Markets Rise, US Dollar Rebounds - Global Markets Today While US Slept

U.S. Stock markets closed higher on Tuesday, April 23rd. Japan's Nikkei 225 index finished the day higher by 2.26%. The Japanese stock market extended its winning streak to three days. Ten of the 11 S&P 500 sectors advanced on Tuesday.

Gold To Rally Even Higher On Nvidia, Big Tech? Schiff's Firm Says AI 'Has Looped Around To Depend On Our Oldest Kind Of Money'

precious metals dealer Schiff Gold anticipates a rise in gold usage in the tech sector. The yellow metal is used in chips, internal wiring, and switches due to its conductive properties. Schiff Gold argues that gold is more connected to technology than most people realize. The company was founded by economist Peter Schiff.

Gold's sharp two-day correction overdue and healthy, analysts say

Gold futures extended their losses Tuesday in the largest two-day percentage decline since February last year. Gold's correction is long overdue and healthy, Saxo Bank's Ole Hansen says. Silver also has corrected sharply in sympathy with gold. J.P. Morgan forecasts gold prices ending 2024 averaging $2,500/oz.

Barrick: Lower Than Its 2011 Peak And Not Underpriced, But Still A Buy

Barrick Gold stock is down roughly two-thirds from its record high in 2011. The company is not underpriced, but still a buy. Gold miners should not be trading at the same valuation levels as uranium miners. Barrick's stock price is lower than its 2011 peak, despite gold prices being near record highs.

SPDR Gold Down For Second Day -- Market Talk

SPDR Gold shares are down 0.3% as underlying gold futures also edge lower. It's the second consecutive decline for gold shares. The U.S. Dollar hits a 34-year high versus the Japanese yen. Investors are also watching how world currencies move.

Mainstream Fund Managers Jumping On The Gold Bandwagon

Big money managers are starting to jump on the gold bandwagon as inflation worries grow. Over the last few weeks, gold held its ground despite a strong dollar and rising bond yields. 83 percent of big fund managers are now long precious metals. The Federal Reserve isn’t winning the inflation fight.

Gold's Big Day: Market Shake-Up!

Gold prices have dropped significantly as geopolitical concerns ease. Iran's backing away from conflict establishes it as a major nuclear presence, supporting gold prices. The price of gold has made the biggest one-day drop in over a year. Inflation concerns can present headwinds for gold as an investment. Market analysis suggests a correction may occur at this time and price.

Hedges Are Profitable, Semiconductors Stabilizing After 17% Drop

Hedges are now profitable. It is time to book partial profits on some hedges. Semiconductors are stabilizing after a 17% drop. The momo crowd is buying stocks in the early trade. Smart money is inactive in gold and oil. The Arora Report gave signals to put hedges on to protect large profits.

May 8th Options Now Available For SPDR Gold Trust (GLD)