Housekeeping: Good Morning.
The reset is a process, not an event
Topics:
How Much Gold Will Really Be Bought By Central Banks?
Market Analysis:
How Much More Gold Do Central Banks Need to Buy?
How Much More Gold Do Central Banks Need?
Bank of America says central bank portfolios work best when gold makes up 30% of reserves. Today, holdings are closer to 20%, about 36,000 tonnes. Closing the gap would mean adding roughly 18,000 tonnes—worth around $2 trillion at $3,400/oz. Whether or not banks move that far, even partial steps would create enormous demand and competition, raising the key question: what event might accelerate the push toward higher allocations?
Full analysis in Premium Post: How Much More Gold Do Central Banks Need to Buy?
Related Posts:
Coming Soon:
Data on Deck: PCE
MONDAY, AUG. 25 10:00 am New home sales
TUESDAY, AUG. 26 8:30 am Durable-goods orders
WEDNESDAY, AUG. 27 None scheduled
THURSDAY, AUG. 28 GDP (First revision)
FRIDAY, AUG. 29 8:30 am PCE
Charts and Final Market Check: Silver to 40 before Gold to 3500… this wont hold much longer.. failed Bollinger band breakout vs bounce
