Market Comment: Stocks, Gold and Silver got another kick higher yesterday from Fed speakers sounding more dovish than usual. Look for more of this today. CPI and PPI are also this week.
**Find attached today’s Gold and Silver excerpts as curated and presented for subscribers.**
1- JPMorgan Notes Something Significant About Gold
In Yesterday’s post close wrap up, usually home to endless comments on Stocks, Bonds, and quant ideas we found a little Golden diamond in the rough. A seemingly innocent observation on Gold. But a comment that states out loud what we all have felt and witnessed the past 3 years; People Want the Gold as opposed to other commodities.
In contrast to the commodity allocation ex gold, investors’ allocation to gold has risen over the past year driven by central bank gold purchases.
In fact, the implied allocation to gold by non-bank investors globally has been rising since the pandemic….
Full comment below
Before you roll your eyes and say: “No kidding Jamie”, ask yourself why all of a sudden this is being brought up. Those of you who have been with GoldFix more the none year have an idea. Gold is in the corridor between Sell season and Buy Season. More on that in a quick comment below with the rest of their very concise, but very interesting comment. Full analysis at bottom
2- RBC Describes What A Larger Reaction to Israel Could Look Like in Days to Come
Gold is up today in one of the stronger moves since mid-year, benefiting from its role as a perceived safe-haven after the unprecedented Hamas attacks on Israel ; however, the extent of the move today is not exaggerated by any stretch and we remind investors that there are specific triggers for larger and more durable moves
