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Don't Get Shaken Out
Housekeeping: Good Morning.
“Be First, Be Better, or Cheat”
Topic:
* Don't Get Shaken Out
Market Analysis: Don't Get Shaken Out
The UBS Gold House View:
UBS- China's imports of gold exceeded 127 metric tons in April, the highest in nearly a year and up 73% month-over-month. This came after Beijing allocated fresh quotas to commercial banks last month. Meanwhile, Purchase limits have tightened on Costco gold bars. Source Meanwhile...
Costco is imposing stricter limits on member purchases of gold bars as demand surges alongside record-high bullion prices. As of this week, members are restricted to one 1-ounce gold bar per transaction and two per 24-hour period, down from an earlier cap of two per transaction.
Comment: Sideways is bearish has been gold's history as less liquid owners are forced to sell in times of monetary duress. We may be entering that for some. Simultaneously, with the Fed now on pause of rate cuts, the ETF buying in the West has dropped off.
In the East, China just now began a trade counterpunch that could have nasty deflationary consequences. But remember, the smarter, bigger money is buying more than it always has. Don’t get shaken out if you can help it. Buy when you can, not when you have to. But also, if you buy, own it, do not rent it. That is more impirtant right now Yet gold remains criminally underowned
Continues in Gold is Criminally Underowned
This Week:
Related Posts:
Data on Deck: TUESDAY, MAY 27 (PCE Week)
* 4:00 am Minneapolis Fed President Neel Kashkari speech in Tokyo
* 2:00 pm Minutes of Fed's May FOMC meeting
*
Summary and Final Market Check…
This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit vblgoldfix.substack.com/subscribe
View all episodes
By VBLHousekeeping: Good Morning.
“Be First, Be Better, or Cheat”
Topic:
* Don't Get Shaken Out
Market Analysis: Don't Get Shaken Out
The UBS Gold House View:
UBS- China's imports of gold exceeded 127 metric tons in April, the highest in nearly a year and up 73% month-over-month. This came after Beijing allocated fresh quotas to commercial banks last month. Meanwhile, Purchase limits have tightened on Costco gold bars. Source Meanwhile...
Costco is imposing stricter limits on member purchases of gold bars as demand surges alongside record-high bullion prices. As of this week, members are restricted to one 1-ounce gold bar per transaction and two per 24-hour period, down from an earlier cap of two per transaction.
Comment: Sideways is bearish has been gold's history as less liquid owners are forced to sell in times of monetary duress. We may be entering that for some. Simultaneously, with the Fed now on pause of rate cuts, the ETF buying in the West has dropped off.
In the East, China just now began a trade counterpunch that could have nasty deflationary consequences. But remember, the smarter, bigger money is buying more than it always has. Don’t get shaken out if you can help it. Buy when you can, not when you have to. But also, if you buy, own it, do not rent it. That is more impirtant right now Yet gold remains criminally underowned
Continues in Gold is Criminally Underowned
This Week:
Related Posts:
Data on Deck: TUESDAY, MAY 27 (PCE Week)
* 4:00 am Minneapolis Fed President Neel Kashkari speech in Tokyo
* 2:00 pm Minutes of Fed's May FOMC meeting
*
Summary and Final Market Check…
This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit vblgoldfix.substack.com/subscribe