Gold demand surged to kick off the year, up 34% year-on-year in the first quarter of 2022. Total demand came in at 1,234 tons in Q1. That was the highest quarterly demand since Q4 2018, according to the World Gold Council’s Gold Demand Trends report. Demand in the first quarter of this year was 19% […]
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MarketWatch/Barbara Kollmeyer/4-26-2022
“’Over the last decade everyone has slowly adopted this idea of maybe it’s the Fed that will bail me out, or TINA [There Is No Alternative],’ he said. The casualty list over the past year? Tech dip buyers, long -short equity traders who decided they didn’t need to use stops with GameStop etc., or 60/40 managers who decided instead of paring risk, they bought more bonds, he said.”
USAGOLD note: A rather bleak assessment from RTM Capital Advisor’s Mark Ritchie who says “bonds and equities could continue to fall in tandem.” Among other recommendations, he has a small position in gold. Given the grim outlook, we would venture a guess that his small position might grow over time.
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BloombergOpinion/John Authers/4-25-2022
“It’s never safe to ignore China. And it’s still too soon to forget about the pandemic. The country’s rapidly depreciating currency and especially the Covid lockdowns spreading from city to city are raising fears, yet again, of a Chinese shock to global growth.”
USAGOLD note: While watching the lockdown scenario develop in China yet again, it is easy to forget that this whole disastrous affair began there less than two and half years ago. Here we are again …… But who wants to be reminded?
Cartoon courtesy of MichaelPRamirez.com
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