Positions as of 7 July, 2026
Last quarter’s ongoing high prevailing gold prices combined with stable mining costs and rising production will fuel fat windfall profits. This will be gold miners’ 12th consecutive quarter of huge earnings growth.
The new gold clearing system also features a partnership with the Shanghai Gold Exchange. Lee said that “Delivery Connect” will “bridge the fiscal liquidity pools of both markets.”
The uranium market, like that of most metals, is both cyclical and volatile. Like gold, it’s a very political metal. It generates lots of emotion.
Now that war is re-igniting in a much more oil-depleted world, price volatility will increase substantially. However, speculators and their analysts may remain intentionally blind...
North American funds reported a 60.5-tonne decrease in gold holdings through H1 valued at $7.7 billion. It was the weakest first half for North American gold-backed funds since 2013.
If Lambourne is correct, anyone who invests in a traditional gold exchange-traded fund like GLD in the hope of gold price appreciation is actually helping to sabotage free-market pricing...
The bigger story this week was not only what happened to the gold price. It was what happened in the gold market.
Ira Epstein covers the current state of the metal markets, noting a slight pullback in metals after an update, while energy markets experienced a significant drop.
