Subprime Redux: Commercial Real Estate Bond Distress Hits Another Record High
Subprime Redux: Commercial Real Estate Bond Distress Hits Another Record High Authored by Artis Shepherd via The Mises Institute, At the end of Q4 2024, commercial real estate continued to exhibit severe weakness, with commercial real estate bonds hitting record distress levels, surpassing the previous records reached in Q3 2024. Commercial real estate bonds are […]
Metals Market Report: Gold, Silver, Platinum All Post Strong Gains
February was a good month for metals with the Global Precious Metals Monthly Metals Index rising 7.36%. Gold continued its record-breaking run, reaching $2,942.70 per ounce, prompting major institutions to raise their forecasts – UBS now projects a peak of $3,200, while Goldman Sachs targets $3,100 by year-end. Silver has…
World Gold Council: China’s Central Bank Adds 5 More Tons to Gold Reserves in January
China’s gold market showed mixed signals in January 2025, with the People’s Bank of China adding another 5 tonnes to its reserves, bringing total holdings to 2,285 tonnes. While gold prices saw their strongest January in years, with LBMA and Shanghai benchmarks rising 8% and 5% respectively, retail demand remained…
Trump’s Fort Knox Audit Talk Could Signal $750 Billion Gold Revaluation Play
President Trump’s unexpected focus on auditing Fort Knox, mentioned multiple times during an Air Force One press briefing, has raised eyebrows among market watchers. While Treasury Secretary Scott Bessent has confirmed that the gold is regularly audited and “all present and accounted for,” the president’s interest might signal a more…
World Gold Council: Indian Gold Market Split: Investors Buy as Jewelry Sales Slump
Gold jewelry demand in India has fallen significantly since January, with the weakness continuing into February. Meanwhile investment interest remains robust through bars, coins, and ETFs, which saw record inflows in January. The Reserve Bank of India has returned to gold buying, adding 2.8 tonnes to its reserves after a…
Duke Study: Gold’s Rally May Lead to Below-Average Returns
Research by Duke University’s Campbell Harvey and former TCW manager Claude Erb suggests gold’s current rally may be setting up investors for disappointment. Their analysis shows gold’s price-to-CPI ratio is now at 9-to-1, even higher than the 7-to-1 ratio that preceded gold’s 50% price drop after 2012. The researchers challenge…
JPM Predicts Gold Surge as Central Banks Load Up
JP Morgan forecasts gold prices will reach $3000 per ounce in 2025, driven primarily by continued central bank purchases and ETF inflows. Following a 27% rally in 2024, the outlook remains strong with central bank buying up 54% year-over-year in late 2024, including renewed purchasing by China’s central bank. The…
Trump Confirms Fort Knox Audit, But Gold Slips As Bessent Downplays Revaluation Rumors
Trump Confirms Fort Knox Audit, But Gold Slips As Bessent Downplays Revaluation Rumors Having started the ‘Audit Fort Knox’ discussion last week… Surely it’s reviewed at least every year? — Elon Musk (@elonmusk) February 15, 2025 With our suggestion immediately going viral on X, with Sen. Rand Paul (R-KY) indicating he’s on board – replying […]
Gold’s Unstoppable Rise: Tenth Record This Year as Markets Eye $3,000
Gold prices have achieved their tenth record high this year, climbing to $2,954.69 per ounce as investors react to President Trump’s latest trade threats and geopolitical tensions. The precious metal’s 12% rise in 2024 reflects growing market anxiety over potential new tariffs on multiple sectors, including lumber, automobiles, semiconductors, and…
Futures Fall On Tariff, Walmart Concerns; Gold Hits Another All-Time High
Futures Fall On Tariff, Walmart Concerns; Gold Hits Another All-Time High US equity futures slide from the latest record high as concerns around trade tariffs and a disappointing outlook from Walmart weighed on sentiment. As of 8:00am ET, contracts on the S&P 500 and the Nasdaq 100 slipped about 0.3% as Mag7 names are mixed […]