Victoria retweeted
A reminder:
If gold miners were a single sector, they would have the cleanest balance sheets, the strongest profit margins, and the most attractive valuations in the market today.
tavicosta.substack.com/p/top…
Chinese households’ appetite for gold has grown over the past two months as prices soften and onshore equities lose their shine, providing support at a time when bullion is testing $4,000 an ounce bloomberg.com/news/articles/…
Victoria retweeted
In the last two sessions the DXY Index has rallied ~ 50 basis points. Gold is up 1.6% and GDX is up 3.3%.
I’m just taking notes 📝
Well, thank you for clarifying. $GDX has that HH and HL on the weekly chart.
Victoria retweeted
France’s political and social unrest reflects a deeper sovereign debt crisis, rising borrowing costs and accelerating currency debasement.
Matthew Piepenburg joins David Lin to explain how debt problems become monetary, currency and ultimately social crises: ow.ly/L0AH5100XIc.
Victoria retweeted
And to think people cringe when I suggest that at this point BIg Tech companies are swapping spit.
Victoria retweeted
According to an article in the Journal of Finance (2022), when borrowing AND asset prices boom together, the odds of a crisis jump to ~40%, vs. ~7% normally.
Today, AI is checking BOTH boxes.
CREDIT BOOMS AND SOARING ASSET PRICES ARE A DEADLY COCKTAIL.
Victoria retweeted
Gold: the levels we're watching:
Support 4000-3880. A brief undershoot can't be ruled out, but we'd see it as the final sell-off into our Q4 low.
A re-break above 4100 should trigger a first reversal towards the 2026 bear trend at 4350-4500.
Victoria retweeted
$XLE monthly
Fingers (and toes) crossed that this resolves in a pleasant way.
Victoria retweeted
Nobody denies that $USOIL and $XLE had blistering rallies while $GDX miners and gold $GLD corrected hard. However, since the July bottom, the performance of $XLE $XOM vs GDX is not that stellar. What if gold and GDX bottom (soon) and start a good rally? It's possible. Then...
$GDX up 7% vs $USOIL since Oct 23. That was the low below the weekly Bollinger band and a bounce to the mid or upper band is coming. False breakdown? GDX and USOIL dead even since March with gold and miners correcting hard! $GLD @NorthstarCharts @StocksFormula
Victoria retweeted
Gold is approaching a critical juncture.
After another sharp decline, it's getting closer to our key price levels.
Meanwhile, our leading indicator is sending a similar signal.
Gold remains under pressure below $4,300.
But what happens near support could tell us a lot.
Victoria retweeted
Declining 2 year rates (inverted on chart below) marked the bottom for Gold in 2015.
Victoria retweeted
Amundi Says ‘Worst Is Behind Us’ as Gold Flirts With $4,000
Amundi SA, Europe’s largest asset manager, expects a recovery in the gold price to around $4,500 an ounce following a selloff that dragged the metal to a three-month low.
“The worst is behind us,” said Lorenzo Portelli, head of cross-asset strategy at the Amundi Investment Institute. Traders’ positions are light following last week’s retreat, he added, which is “in favor of a rebound in the next weeks.” (Bloomberg)
Victoria retweeted
Boomers are sitting on $20.5 trillion of real estate.
Who exactly is supposed to buy it from them?
Victoria retweeted
🇺🇸🇬🇧🇯🇵 The typical American, German and Brit are all POORER than they were in 2020.
The typical Japanese? Over 50% richer.
That’s median wealth per adult after inflation, from UBS’s latest Global Wealth Report.
The typical American and German are both down almost 20%, and the Brits got hit hardest of the 3, losing 23.6%. France is down 12.2% too.
Japan, meanwhile, posted the biggest gain of any country UBS tracks, followed by the UAE, up roughly 40%.
FEWER THAN HALF the countries in the report have a typical adult who’s better off than at the start of the decade.
6 years, a pandemic and an energy crisis later, and the “rich” West has some explaining to do.
Source: UBS / Writer: Julie





































