BOA Goes Green on Gold and Why You Should Care
Another obstacle to Gold’s broader acceptance is being taken down
Housekeeping: The Active Trader post will be out shortly
Today:
Market Rundown
BOA Goes Green on Gold
more…
1- Market Rundown:
Good morning: The dollar is down 22 points. Bonds are stronger. Stocks are up 10 to 30 bps. Gold is up $8. Silver Fu. are up 27c. Copper is up a large 7.2 cents. Oil is up $1.82. Nat Gas is down 20c. Crypto is up 50 to 100 bps and grains are all up small.
Retail Sales and PPI are out today.
WEDNESDAY, JAN. 18
8:30 am Retail sales Dec. -1.0% -0.6%
8:30 am Retail sales ex motor vehicles Dec. -0.4% -0.2%
8:30 am Producer price index, final demand Dec. -0.1% 0.3%
9:15 am Industrial production Dec. -0.1% -0.2%
9:15 am Capacity utilization Dec. 79.6% 79.7%
10 am NAHB home builders' index Jan. 30 31
10 am Business inventories (revision) Nov. 0.4% 0.4%
2 pm Beige Book Comment: BOA lays out the case for Gold being a green metal below. In that report we note some of the more “woke” banks are now framing Gold as an ESG positive metal.
While this can be debated, it is clear to us that the powers that be on the green side understand they cannot live in a world without Gold as part of the calculus and are now thus making it acceptable to own.
Gold and Silver are getting dressed up for the World stage again as a must have investment class. We will do a more thorough write-up on this later in the week.
If Gold is Green then it is ok for massive investment funds like CalPers to own it in their portfolios without upsetting the greenies. There is nothing to stop ownership in the biggest western pensions globally if this takes hold.
PLUS: If Gold is now green, what does that make Silver….
2- Excerpt: Main Points
Reports of gold’s death are greatly exaggerated
Gold to remain a mainstay to 2026; macro turning bullish
New ESG standards for gold to bolster investor confidence
Competition from Bitcoin overstated
ESG frameworks for the gold market
This is a big turnaround in broadening its appeal. HUGE and sets the table for much broader acceptance of Western Gold as it brings the Greenies back to the table if it is successful.
OWN GOLD IS THE MESSAGE…
For now read for yourself… it is quite the astonishing turnaround for Gold to be written up this way and tells us there is real push behind the scenes to make Gold a must have asset in portfolios again. Another obstacle to Gold’s broader acceptance is being taken down.
ANALYSIS/CHARTS BELOW…
