-
China’s central bank didn’t buy any gold last month, ending a massive buying spree that ran for 18 months and helped push the precious metal to a record high in May. Spot prices for gold fell 1.5% after the People’s Bank of China said its bullion holdings were unchanged at the end of May. The bank had been stocking up its reserves since November 2022, ...
-
History rhymes - this time the rhyme in silver is very clear. Let’s start with the ratio. [Quoting my last Friday’s comments] And speaking of those “other markets”, let’s take a look at silver. Let’s start with the ratio between silver and gold as that’s where we recently saw something important and with clear implications for the price of white metal. ...