SPECIAL: Founders Reading Material
BOA has a lot to say on Gold and Silver
Housekeeping: The BOA report looks very good (below) for metals and we will dig into it shortly for Premium readers.
Good Afternoon!
We’ve broken down our commodity research access today by category and bank based on reader preferences.
So far only BOA and JPM have put out its commodity recommendations that we’ve seen.. but we know allocations are out there now based on our Buy Season analysis, CITI’s casual comments (see below) and Goldman’s commodity and copper comments.
But other than last week, no obvious BUY GOLD stuff. It is almost like… they know something 1
Besides, how much more evidence do we actually need to see based on the last week alone:
Goldman says buy commodities
China buying NY Gold confirmed.
Market behavior for the past month
Einhorn almost doubling his Gold exposure
BOA Slide Sample
Here are a couple slides and quotes from the BOA report.. which covers silver thoroughly
Silver: It it is worth noting that above-ground-stocks, especially at storage sites linked to the Chicago Mercantile Exchange (CME) and London Bullion Market Association (LBMA), have fallen steadily (Exhibit 230).
-BOA’s Year Ahead 2024: Commodity outlook
Gold: We are bullish on other transition precious metals like silver and think gold has a lot to gain on a Fed pivot.
-BOA’s Year Ahead 2024: Commodity outlook
***Founders Below here***