GLD

‘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.