BM: Now we’re in a correction for gold right now, but the amazing thing is that three weeks ago gold went up $300 in three days, and it’s only down $250 in two weeks.
You can’t base a policy on four contradictory premises and expect the system to stay stable. Yet that’s exactly what’s happening – not just in the U.S., but around the world.
Looking at the most recent soft data, I found myself consulting the thesaurus for a stronger word. Spongy? Limp? Squishy? Weak? Those all better fit what I see in business surveys and talking to my own contacts.
Even with the surging interest in ETFs, Chinese investors continue to gobble up physical metal. Gold bar and coin sales surged 12 percent to 124 tonnes in the first quarter.
Jan Skoyles digs into what’s really happening beneath the political posturing. Whether you support tariffs or not, the key point is this: the world is shifting - and fast.
With prices on a strong bull run, total Q1 gold demand, including over-the-counter (OTC) investment, came in at 1,206 tonnes, a 1 percent increase year-on-year.
