Positions as of 1 April, 2025
Gold stocks are defying the recent stock-market selling. Gold miners’ earnings really leverage gold upside, and have already soared mid-to-high double-digits for seven quarters in a row now.
The U.S. dollar's status as the global reserve currency continues to erode, with gold and “non-traditional” reserve currencies gaining ground.
Even the almighty dollar, which the nation needs strong in order to cover its debts, has been rapidly weakening under the threat of tariffs, and weakened a lot more recently.
In the latest Money Metals Midweek Memo, Mike Maharrey answers top questions from investors, precious metals fans, and citizens worried about the economy.
Germany ranks second in gold reserves behind the U.S. It officially holds 3,352 tonnes of gold with about 1,236 tonnes (37 percent) held in Federal Reserve vaults in the U.S.
The People’s Bank of China (PBoC) continues to buy unprecedented amounts of gold as the global financial is deleveraging (i.e. investors exchange credit assets for gold).
Now more than ever, we believe that holding tangible assets like gold and silver isn’t just a hedge—it’s a statement of independence.
When you look at the gold market, it's still up 0.76% for the week. The resistance is going to be closer to $3178, and the market lost the bullish embedded reading.
