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Shree Kargutkar, Portfolio Manager, explains that while investment allocations to gold bullion and gold equities have been somewhat muted in 2017, we are now seeing signs of renewed interest in gold. Bridgewater Associates, the world's largest hedge fund, has been on a recent buying spree.
Maria Smirnova, Senior Portfolio Manager, shares key takeaways from the Silver Institute’s 3rd Silver Industrial Conference that focused on “Silver’s Evolving Role in Science and Technology.” Smirnova looks at silver’s expanding role given its use in solar, automotive, electronics and healthcare applications, and explains why we are bullish on the metal.
In this report, we present a collection of empirical evidence we view as compelling support of gold’s productive role as a portfolio-diversifying asset.
Even though bitcoin seems like a more exciting option than gold this year, precious metal expert Rick Rule advises investors not to get distracted by things that “don’t matter.”
Having seen the astounding rise in Bitcoin’s value, those who remained on the sidelines are now kicking themselves for not buying it when it was first released. Surely, they’d be millionaires by now.
Trades that moved about 4 million ounces of gold in a matter of minutes awakened the precious metal from its slumber.
Gold’s resilience in the face of soaring equities and a dramatic fall in demand this year points to underlying confidence in the metal among investors unconvinced by this autumn’s scorching stock market rally.
A highlight of 2017 financial markets has been the explosion of interest in cryptocurrencies. The price performance of Bitcoin and its crypto brethren has been nothing short of spectacular. Recently, Bitcoin vaulted 445 percent from its March 25 close of $960 to an intraday high of $5,234 on Oct. 12.
Turkey purchased a record $13.8bn of gold from abroad this year, $9.8bn more than in the same period last year, Bloomberg reported.
Although bitcoin’s strong price performance gained ubiquitous media coverage, there is still some concerns as to whether cryptocurrencies are a long-term investment or a speculative asset. Sprott Asset Management’s Edward Coyne — Executive Vice President, National Sales — and Trey Reik — Senior Portfolio Manager and Precious Metals — explain the differences between gold and bitcoin. They discuss how gold still holds great importance in an investment portfolio, and how bitcoin may not be a safe investment choice.
Precious metals had a mixed reaction on Wednesday, October 25, 2017, and so did mining stocks.
Sprott Asset Management USA Senior Portfolio Manager talks about the pros and cons of bitcoin and how it compares with gold as an investment.
The index change that affected the VanEck Vectors Junior Gold Miners ETF (GDXJ) earlier this year was a huge story.
Palladium climbed above $1,000 an ounce for the first time since 2001 on hopes for rising demand from the car industry amid a shortage of supply.
Gold output in Australia, the world’s second-largest producer, will peak in 2021 and more than halve by the mid-2050s as aging mines close, according to Melbourne-based industry adviser MinEx Consulting Pty.
Until early this month, Indian jewelers expected the traditional surge in gold demand from the Hindu Festival of Diwali to be muted.
London is facing challenges on multiple fronts to its centuries-old status as the place where the world trades gold.
When you think of the color gold, images of grandeur and extravagance are likely to come to mind.
Gold bugs point to a myriad of reasons to own their favorite metal, from fiat currency debasement to gold’s history as a monetary unit.
Gold mining stocks got a boost Monday as gold spot futures climbed about 1% to $1,287 per troy ounce.
On Wednesday, gold was trading up slightly from eight-week lows struck yesterday, exchanging hands for $1,277.10 in early afternoon dealings.
Sprott Resource Holdings Inc. ("SRHI" or the "Corporation") (SRHI) is pleased to announce the successful completion of its previously announced acquisition of 70% of the outstanding equity of S.C. Minera Tres Valles ("MTV") from the Vecchiola Group for an aggregate purchase price of US$39.9 million, consisting of US$33.5 million in cash and US$6.4 million in SRHI common shares.
Vladimir Putin is doing his part to keep the upswing in gold alive.
China’s proven gold reserves reached 12,100 tonnes at the end of 2016, the state news agency Xinhua reported on Monday quoting an official with the national gold association.
Earlier this week, we shared some of Jim Rogers’ insights from his recent interview with Real Vision Television.
India’s cultural affinity for silver underscores the country’s importance as a leading source of demand in the global silver marketplace.
Gold prices dropped on Thursday, settling below $1,300 for the first time in September after the U.S. Federal Reserve hinted that interest rates will go up in December.
“All” Chinese virtual currency exchanges must stop trading to remain compliant, regulators have announced. Information slowly appearing from China appears to confirm that trading will no longer be legal for Bitcoin-to-fiat platforms.
A former trader at UBS Group AG was charged with conspiracy and fraud over his suspected role in manipulating the price of precious metals.
China is taking the next big step towards dethroning the dollar’s place as the number one reserve currency around the world. But the strategy behind this big move could send gold soaring.
Gold has pulled in traders like never before on its way to the highest price in a year.
The world has gone wild for the cryptocurrency known as Bitcoin. One Bitcoin would set you back $4,425 at the time of writing.
The world has gone wild for the cryptocurrency known as Bitcoin. One Bitcoin would set you back $4,425 at the time of writing.
Mark Mobius is sensing danger in the explosive growth of cryptocurrencies.
Mark Mobius is sensing danger in the explosive growth of cryptocurrencies.
After nosing above $1,300, gold is winning new fans as tepid U.S. inflation anchors Federal Reserve policy and President Donald Trump’s growth agenda risks running into the sand.
But this is not to say that gold’s traditional role will not be re-established down the road. After all, central banks are in the later stages of reliance on unconventional monetary measures and, given this year’s spectacular price appreciation, cryptocurrencies are more vulnerable to unsettling air pockets.
Palladium has been on a tear this year. Its spot price increased 45 percent year on year in the first half of 2017, and it now trades at a 16-year high.
Last week featured two unusual stories on gold — one strange and the other truly weird.
India’s past and future are colliding in Anand Ghugre’s family jewelry shop in Mumbai.
Gold futures closed above $1,300 an ounce for the first time since November as the dollar dropped and speculation mounted that policy makers will be slow to raise U.S. interest rates.
Gold is on track to outperform stocks for the first time since 2011, highlighting the uncertainty that has accompanied this year’s stock market gains.
Germany's central bank has completed an initiative to bring half of the country's gold reserves home three years ahead of schedule, as it repatriated all of its gold kept in Paris and a third of its reserves in the US.
Gold’s on track to climb to a four-year high of $1,400 an ounce by early next year, buoyed by lower long-term U.S. interest rates and lack of progress by President Donald Trump in delivering economic reforms, according to the global head of commodities research at Bank of America Merrill Lynch.
The safe-haven Japanese yen and gold gained ground after President Donald Trump threatened a government shutdown if he doesn't get funding for a proposed border wall with Mexico.
Is there really gold in them thar hills? If those hills are exchange traded funds (ETFs), then the answer is a resounding yes.
Gold remained a hot commodity last week, with speculative investors such as hedge funds and money managers increasing their holdings in the haven metal for a fifth straight week.
Even as some analysts decry that gold is looking expensive, the rally may be just getting going.
Gold was on track for a second consecutive weekly gain on Friday as political uncertainty in the United States and a suspected Islamist attack in Spain boosted bullion's safe-haven appeal.
Surge in gold imports in July contributed to the widening of trade deficit to $11.44 billion as against $7.76 billion in July 2016.
India's gold imports are likely to jump by a third in 2017 to 750 tonnes on restocking by jewellers and as good monsoon rainfall is expected to boost demand in rural areas during the upcoming festive season, a leading refiner told Reuters.
Gold prices are set to jump to a four-year high of $1,400 an ounce by the end of the year over mounting tensions between North Korea and the U.S., and surging demand in the world’s biggest consumers, according to the head of precious metals at a Russian investment bank.
Eighty feet below the streets of lower Manhattan, a Federal Reserve vault protected by armed guards contains about 6,200 tons of gold.
Chinese gold demand is not letting up, as the country bought 230 metric tons of Australian gold last year, which exceeded $11 billion on the Shanghai Gold Exchange, according to recent data released by The Perth Mint.
Several groups, including Sprott, are working on developing a digital gold-type currency based on blockchain technology.
Q2 gold demand of 953.4t was 10% lower than 2016, while H1 demand slowed 14% to 2,003.8t. Y-o-y comparisons are affected by record ETF inflows in 2016: demand from this sector slowed dramatically after last year’s H1 surge.
London has long been acknowledged as the biggest gold trading centre in the world, but no one has ever been able to say for sure how much gold is stored in the capital – until now.
The price of gold could see substantial upside as the U.S. dollar index continues sliding in value, some strategists are forecasting.
As political leaders find ways to shock like never before, the world’s favorite haven investment hasn’t been calmer in years.
Four of the world’s top gold companies were in full “beats” mode in the second quarter, wringing more value out of their mines amid tepid gold prices.
Gold bulls whose faith in the metal was rewarded earlier this year are being put to the test as a resilient rally in equities chips away at 2017’s gains.
The COMEX gold futures market and the London OTC gold market have a joint monopoly on setting the international gold price.
Silver, known for being a market of extremes, is living up to its reputation this year.
The most important portfolio factor for many investors is diversification. Lowering portfolio risk while generating yield is something that every investor should strive for.
MUMBAI, July 11 (Reuters) - India's gold imports in June more than tripled from a year ago as retail demand jumped ahead of the start of a new sales tax that prompted jewellers and bullion dealers to replenish stocks, provisional data from consultancy GFMS showed.
Front month Comex gold prices rose 0.29% to $1,212.10 per troy ounce, giving gold-mining stocks and the exchange-traded stocks that track them, a lift.
After a three-decade hiatus, gold-futures trading is returning to London. It’s the latest change for the city’s bullion market, the world’s biggest for over-the-counter trading, and which until fairly recently had remained largely unchanged for about a century.
Global Silver Mine Production Drops in 2016 for First Time in 14 Years: World Silver Survey 2017
How many Americans own gold? Certainly a notable portion of the country believes that gold makes a good investment. Gallup annually surveys American adults on their perceptions about investments; in 2011, when gold prices were relatively high, gold was deemed the best long-term investment by 34% of respondents (real estate was next at 19%).
Overall, four very famous investors, and four names that should at least be vaguely familiar to almost anyone who has a passing interest in financial markets and investing.
Contrarian investor and Sprott U.S. Holdings Inc. CEO Rick Rule shares his winning strategies
Apprehension of higher goods and services tax (GST) rate and increase in demand leads to surge in India’s gold imports by 236.7% to $5 billion in May
Even with gold’s recent pullback from $1,290 last Thursday to $1,269 today, gold prices are up almost 20% since the beginning of 2016.
In the main commodity markets, nothing is doing better than palladium this year. The metal is up 30 percent, beating 33 other raw materials, including lean hogs and aluminum, tracked by Bloomberg. On Friday, prices surged as much as 7.9 percent to a 16-year high of $928.36 an ounce as some traders were said to scramble to get hold of physical supplies.
India, which vies with China as the world’s top gold consumer, saw a fourfold increase in imports of the precious metal in May as traders stocked up fearing that the government would fix a higher rate for jewelry under a new national goods tax to be implemented from next month.
From safety-deposit boxes in leafy west London to high-security facilities housing gold and silver in Frankfurt, companies that store valuables are expanding to meet demand.
China, the world’s biggest gold market, may boost imports through Hong Kong by about half this year as local investors seek to protect their wealth from currency risks, a slowing property market and volatile stocks, according to the Chinese Gold & Silver Exchange Society.
After a 2016 rally that ended five straight years of declines, prices of everything from crude oil and zinc to sugar and soybeans are once again mired in slumps.
After months of "smoking guns" and conspiracy theory dismissals, a Singapore-based Deutsche Bank trader (at the center of fraud allegations) finally confirmed (by admitting guilt) what many have suspected - the biggest banks in the world have conspired to rig precious metals markets.
The latest report from the World Gold Council says that gold demand from India was what supported global gold demand in the first quarter of 2017. Indian purchases of gold jewellery in the first quarter of 2017 accounted for a little over a fifth of world jewellery demand. That is completely out of proportion to India’s share of world gross domestic product (GDP), which is around 3% or so, in current US dollars.
In mining investment you are either a contrarian or will be a victim, according to Rick Rule, CEO of Sprott US Holdings. This cardinal rule underpins Sprott's strategy of seeking opportunities in industries which are effectively in liquidation, with production costs exceeding prices.
It is a bit of a mystery that gold’s role as productive portfolio-diversifying asset is still questioned by so many. During the past 16 years, gold has posted the most consistently positive performance of any global asset, yet is still scorned by consensus.
Buying the Nasdaq represents a risk-on move and I'd argue so does buying bitcoin, a currency that can see swings of over $100 in a few hours.
Toronto homes aren’t that expensive, if you pay in gold.
London's gold benchmark experienced large, unpredictable fluctuations after some banks left the auction that sets the price relied upon by the $5 trillion-a-year bullion market, according to a Reuters analysis of trading data.
Leading junior gold mining ETF the GDXJ is expanding its investing universe in what's known as a "re-balancing", and the effects aren't all positive
Gold traded near a two-week high as the disarray engulfing Donald Trump’s White House boosted the commodity’s allure as a haven, with equities in retreat and investors scaling back the odds of the Federal Reserve tightening policy next month. Other precious metals fell.
From Canada’s Yukon to southern Patagonia, outbreaks of gold-rush fever are popping up as bullion markets stage a tentative recovery.
To be fair there is nothing wrong with the idea of seeking gold hoarded at homes or in bank lockers to be brought into the economy. It was an innovative idea which the government dared to test. Being the second largest buyers of gold, which accounts for more than 25 percent of India’s trade deficit, Indians have persisted in investing in an unproductive asset.
Gold gained Monday, trying for its fourth-straight winning session, and platinum, copper and silver advanced sharply, finding traction after weekend comments from the Chinese leadership about a boost in infrastructure projects and more show of nuclear strength from North Korea.
The platinum market is set to record its first surplus in six years in 2017, Johnson Matthey said on Monday, as a drop in demand from the vehicle industry, jewelers and investors outstrips a smaller fall in supply.
The World Gold Council is working with the Indian government on plans to create a local physical spot-gold exchange that may start up as soon as next year.
(New York City – May 11, 2017) Global silver mine production in 2016 recorded its first decline since 2002, largely the result of lower by-product output from the lead/zinc and gold sectors.
The palladium price is poised to exceed the platinum price for the first time since 2001, Thomson Reuters said on Tuesday with the publication of its GFMS Platinum Group Metals Survey 2017.
The GFMS Gold Survey is recognized as the authoritative source of information on the fundamental developments in the gold market. As we celebrate the Gold Survey’s 50th anniversary, here’s a high-level look at what’s been happening in the gold market for the past half century.
India's gold imports in April more than doubled from a year ago to 75 tonnes on strong demand during a festival that prompts purchases and as jewellers stocked up ahead of a new national sales tax, provisional data from consultancy GFMS showed.
As the earnings season wraps up for North American gold miners, the biggest surprise has been out-sized market reactions, with Kinross Gold Corp. surging the most in almost a year and Barrick Gold Corp. tumbling.
Chinese gold imports jumped 64.5% on an annual basis in Q1 2017, while the production of the yellow metal tumbled 9.3%, as the world’s top gold producer and consumer phased out older production facilities and miners faced lower gold prices, this according to a statement released by the China Gold Association (CGA).
Sprott US Media recently hosted a discussion titled, "Will Gold Trump Politics in 2017?" with Rick Rule, Trey Reik and me, Albert Lu, from Sprott, along with James Rickards, a New York Times bestselling author. One of the key topics discussed was the importance of reviewing a management team when investing in gold miners.
There's reason to believe that the Central Fund of Canada will trade closer to its NAV.
For Maria Smirnova, the dozen years she has worked at Sprott Asset Management have been eventful indeed. The price of gold soared and dipped, the financial system nearly collapsed, the global economy slumped, the firm changed and then changed again.
Net-gold imports by the world's top gold consumer through the port of Hong Kong rose to 111.647 tonnes in March from 47.931 tonnes in February, according to data emailed to Reuters by the Hong Kong Census and Statistics Department.
Less than two months from now, the VanEck Vectors Junior Gold Miners ETF (GDXJ) will witness a dramatic transformation in which more than half of its portfolio will comprise stocks that aren't currently in the fund.
The Direxion Daily Junior Gold Miners Bull 3X ETF is trading at a significant premium to its net asset value, possibly the largest in its history. That's likely a direct result of Direxion suspending its creation units for the ETF on April 13. "The suspension is due to the limited availability of certain investments or financial instruments used to provide requisite exposure to the MVIS Global Junior Gold Miners index," said Direxion in a press release.
Gold will end the year higher, spurred by faster inflation and political tensions in Russia, Syria and North Korea, according to Intesa Sanpaolo SpA, the best forecaster for the metal last quarter.
January-March 2017 has been the best fourth quarter in terms of gold imports since early 2013. Gold imports in the last quarter stood at 230 tonnes, and more than 100 tonnes is estimated to have been imported in March alone.
Earlier this week, the lustrous yellow metal hit a five-month high, closing above $1,270 an ounce for the first time since early November. A quick review of the 27 gold-mining stocks with market caps of $300 million or more as of April 11 shows that 23 are up year-to-date, with 20 of those gold stocks up by a minimum of 10%.
In a Bloomberg survey this week, traders and analysts were the most positive on gold since December 2015. Another bullish sign, prices have climbed above the 200-day moving average and Britain’s Royal Mint said bullion purchases jumped 20 percent in the first quarter.
Gold imports by India are said to have jumped almost seven-fold in March from a year earlier as jewelers stocked up anticipating a demand recovery during the wedding season that began this month and the auspicious Hindu gold-buying day of Akshaya Tritiya.
The U.K. Royal Mint’s gold sales jumped by a fifth in the first three months of the year, according to figures obtained under freedom of information legislation.
Gold demand in India rose this week due to a festival and as local prices adjusted to an appreciating rupee, while higher prices kept a check on demand elsewhere in Asia.
"We maintain high confidence that the eroding quality of U.S. economic growth guarantees that U.S. financial asset prices will eventually reflect their true eroding intrinsic value, to gold’s significant benefit.?
A group of Berlin thieves pulled off an improbable heist early Monday morning, breaking into a German museum with a ladder and carting away a 100-kilogram gold coin named the “Big Maple Leaf” in a wheelbarrow.
Dollar bears are back from the wilderness. The currency slid to the lowest since November on Wednesday, and options show investors are becoming more pessimistic on the greenback versus the euro and yen.
Gold prices rose 8.5% in 2016 to close the year at $1,150 per ounce. This annual rise came after a break of three years. Gold prices slipped in the last two months of 2016 following Donald Trump’s presidential win.
Prime Minister Narendra Modi’s government spent 16 months trying to persuade Indians to deposit their jewelry in the bank to earn interest, in an effort to curb soaring imports of the precious metal. But the program has only lured a tiny fraction of the $900 billion of gold that families and temples are estimated to have stashed away.
Gold prices slipped on Monday as the prospect of imminent interest rate rises kept them near the five-week lows touched last week. However, losses were limited by elections in Europe creating uncertainty and fueling investor buying.
The nearest parallel might be the heavyweight fights between Muhammad Ali and Joe Frazier, which for those who aren’t old enough took place in the early 1970s.
Money manager Sprott Inc. launched a hostile $3.1-billion (U.S.) takeover offer Wednesday for Central Fund of Canada Ltd. (CFCL), the latest battle in Sprott’s two-year campaign to unite rival gold and silver bullion funds.
Kitco News kicks off coverage of the world’s largest mining conference – the PDAC – with Rick Rule, CEO of Sprott U.S. Holdings, who says he remains bullish on gold. “The U.S. dollar is strong and gold is strong simultaneously. That’s only happened twice before in my career and in both cases, the dollar ultimately rolled over and gold went into a sort of sling shot move,” he told Daniela Cambone at the event in Toronto.
The world’s biggest and most powerful money managers usually hate gold. But not today. The latest survey of nearly 200 money managers worldwide, controlling more than half a trillion dollars in investment assets, shows a sudden and rare burst of bullishness about the yellow metal.
A landlocked nation perched between China and Kazakhstan is embarking on an experiment with little parallel worldwide: shifting savings from cattle to gold.
China’s gold imports from Switzerland soared at the end of last year when Beijing was struggling to defend the yuan and incoming US President Donald Trump was casting grave doubts about Sino-US economic ties.
ETF Trends publisher/editor Tom Lydon spoke with Ed Coyne, Sprott Asset Management Executive VP, National Sales, at the Schwab Impact Conference in San Diego that ran Oct. 24-27, 2016.
With gold prices back to one-month highs, investors may consider alternative index-based gold miner ETFs to capitalize on the strengthening bullion.
In partnership with ALPS Advisors, Inc. and ALPS Distributors, Inc. Sprott offers two gold mining ETFs. The Sprott Gold Miners ETF (NYSE Arca: SGDM) and the Sprott Junior Gold Miners ETF (NYSE Arca: SGDJ).