Senior Portfolio Manager Trey Reik looks beyond the short-term damage of the Feb. 5 market selloff, and explores why the current fed tightening cycle is likely to increase the stress on individual consumers and inflict damage across a broad spectrum on financial assets.
Ed Coyne, Executive Vice President at Sprott Asset Management discusses how an allocation to gold and silver can complement equities in an investment portfolio, and why Sprott advocates a 5-10% allocation for most investors. Coyne also introduces the Sprott Physical Gold and Silver Trust (CEF), which represents the successful takeover of Central Fund of Canada.
Whitney George, Chairman of Sprott U.S., discusses why it is a good time to invest in real assets: " Real assets have never been cheaper relative to financial assets." George explains how gold and other hard assets are gaining more attention from institutional investors.
With the beginning of the new year, we have entered a seasonally strong period for gold bullion and gold equities. Gold bullion posted a strong gain of 3.23% in January, ending the month at $1,345.15 per ounce. While sentiment towards gold has improved from frigid to luke-warm, sentiment towards precious metals equities remains downright bearish.
Executive VP Ed Coyne discusses Sprott's acquisition of the Central Fund of Canada and launch of the Sprott Physical Gold and Silver Trust.
Tracking the gold forecast closely, silver remains exposed to the same macroeconomic risk factors impacting the precious metals space over the coming year.
India, the world’s second biggest gold consumer, relies on imports to fulfill its nearly entire consumption.
A digital revolution is reshaping India's $34 billion gold market, with smartphones, e-wallets and flexible investment schemes drawing new buyers into a business dominated by traditional, face-to-face transactions.
Gold futures edged higher on the latest shakeup in the Trump adminstration, with Secretary of State Rex Tillerson being replaced by CIA Director Mike Pompeo.
The five banks that settle every transaction in London's $6.8 trillion a year gold market are changing the rules of their clearing house to make it easier for newcomers to join.
CEF is a closed-end fund sponsored by Sprott Inc., seeking exposure to commodities through investments of gold and silver bullion.
Steady metal prices to start 2018 should translate to further gains by year-end. They needed to pause after gaining 21% last year, as measured by the Bloomberg All Metals Total Return.
Antimicrobial resistance (AMR) represents one of the most significant challenges in healthcare. A study recently published in the journal Nature Nanotechnology suggests that microorganisms can become resistant to the antimicrobial effects of silver nanoparticles, but there is a new way to tackle this.
The end of the easy money era which spanned the global economy for the last decade came into even sharper focus on Friday as the Bank of Japan gave fresh insight into when it might slow its bond-buying program.
Gold's luster is starting to tarnish for the University of Texas, as its endowment fund said that it is reviewing its gold holdings, worth about $1 billion, according to Bloomberg News.
We believe automakers’ emission strategies to avoid non-compliance make falling loadings (i.e. “thrifting”) less likely than in the past; and consequently there is upside, rather than downside, to platinum loadings.
Gold just had its worst week in over two months, but one technician says the precious metal is headed for a breakout.
Platinum and palladium are lesser-known precious metals which may offer diversification benefits to any portfolio.
Canadian inflation came in stronger than expected in January as signs point to price pressures continuing to slowly build.
About 50,000 ounces -- or about 125 gold bars -- is all that stood in the way of Newmont Mining Corp. claiming the title of world’s biggest bullion producer.
Russia has overtaken China as the fifth-biggest sovereign holder of gold, allowing it to diversify its foreign currency holdings amid a deepening rift with the U.S.
U.S. consumer prices rose by more than projected in January as apparel costs jumped the most in nearly three decades.
America’s fiscal largesse and the specter of wider current-account shortfalls are fueling a renewed wave of dollar bashing.
Gold held gains as the dollar slipped, with investors counting down the hours before key U.S. inflation data that may offer fresh clues on monetary tightening.
Commodity trader Bill Baruch is bullish on gold at these levels despite the recent weakness and sees a buying opportunity around the $1,300 level.
China’s growing throng of affluent consumers is driving a rebound in demand for gold rings, bracelets and necklaces as a property boom and high stock market valuations boost wealth in the largest bullion market.
Bitcoin dropped 15.5 percent Monday to its lowest since mid-November, while the S&P 500 fell 4.1 percent in its worst day in six years.
As the equities selloff spread from Asia to Europe, gold proved its status as a safe haven.
Investors have finally detected the whiff of inflation.
With the price of palladium spiking to a record high last month, the effects could be felt in the automotive industry as manufacturers of catalytic converters consider raising their prices and may change the mix of metals in their products.
Bitcoin declined for a fifth day, breaking below $7,500 and leading cryptocurrencies lower as a global equities selloff deepened and investors migrated toward safe-haven assets.
In recent years, buy-and-hold investors such as pension funds, endowments, insurance companies, and sovereign wealth funds (SWFs) have gradually increased their investments in alternative assets to diversify their portfolios and boost returns.
The report, entitled ‘The rising attractiveness of alternative asset classes for Sovereign Wealth Funds’, finds that, despite SWFs facing adverse conditions since 2014 when asset growth began to stall as a result of falling oil prices, total assets under management still grew to USD7.4 trillion in 2016, albeit at a slower pace than in previous years.
The greenback is getting walloped. The dollar index is on pace for its worst January since 1987, down 3 percent and going through several wild price swings.
Owning gold is back in vogue. Last year the price of the precious metal posted its strongest annual gain since 2010, rising 13.09% to close the year at $1,303 per ounce.
Bitcoin’s parabolic price rise was the big story of 2017 – putting the spotlight on the cryptocurrency market. While gold’s performance was a solid 13%, it was a fraction of the 13 fold increase of bitcoin by the end of the year.
Gold could hit levels last seen in 2013 if the dollar extends its slide and equity markets reverse.
Investors were bidding up the euro during Trump's first year. European and Asian stocks outperformed U.S. markets, too.
"It's our currency, but it's your problem" John Connally, Richard Nixon's treasury secretary, told the world in 1971. Almost half a century later, his successor Steven Mnuchin has basically delivered the same message at the World Economic Forum in Davos, Switzerland.
Gold prices rose sharply Wednesday as Trump administration comments favoring a weaker dollar knocked the U.S. currency to three-year lows and buoyed the yellow metal.
Gold is going digital. Blockchain technology may help keep track of the roughly $200 billion of the precious metal dug from remote mines, traded by middlemen and melted down by recyclers that’s sold each year to buyers scattered around the world.
Gold bullion rose a respectable 13.09% in 2017, posting its strongest annual gain since 2010. Senior Portfolio Manager Trey Reik explores why gold's performance stacks up well against other alternative asset classes.
Traders wagering on a dollar revival as the Federal Reserve continues raising interest rates need only look back to America’s most recent tightening cycle to see just how wrong those bets could go.
There is still lots of value in the gold market as prices hold near a four-month high, according to the manager of the third largest gold-backed investment firm in North America.
Institutional investors are showing renewed interest in gold due to the softer U.S. dollar, rising bond yields and concern about stretched asset valuations. Some big investors are seeking to diversify their portfolios and taking a hard look at gold as an asset class to hedge against any potential market turmoil.
Institutional investors are showing renewed interest in gold due to the softer U.S. dollar, rising bond yields and concern about stretched asset valuations.
After lagging behind other precious metals last year, platinum is finally outperforming, and hedge funds are taking notice.
Gold’s breakneck rally eased this week, but tailwinds in both physical and paper markets suggest it’s got room to run.
Gold coin sales jumped fivefold on Tuesday at one of Europe’s largest online dealers as Bitcoin suffered its biggest selloff since December.
A Google search for the phrase "death of the dollar" produces about 168 million results in less than half a second, including articles, YouTube videos and books all predicting the demise of the U.S. currency.
It is rarer to find a one ounce nugget of gold than a five carat diamond.
Stock prices were not the only investment to stage an impressive rally in 2017. Gold, too, found favor, and that’s rare.
Gold is starting the new year on the front foot. Bullion advanced for an eighth session to head for the longest stretch of gains since mid-2011, building on an annual surge.
Gold remains popular among the rich. It is perceived by some as a store of value, a counterbalance to other assets and a safe haven amid geopolitical turbulence. It ticked up amid jitters over US-North Korea tensions in October; this week the gold price rose on dollar weakness. But gold is also seen as an old-fashioned investment opportunity, with the metal set to be replaced by cryptocurrencies. In this article, South African investment advisor David Melvill argues that gold should be included in everyone’s portfolio. He tracks the history of gold in the economy and underscores that Russia and China are big buyers of gold – a signal that the metal is not about to be relegated to the annals of history
For the second year in a row, people -and commodity analysts such as those at TD Securities and the Bank of Montreal- are being bullish on silver. Some 151 people, or 39% of the sample of 386 participants, chose silver as 2018’s most likely outperformer, with gold taking the second place with 27% of the votes, followed by copper with 25%, palladium with 5% and platinum with 4%.
No sharp gains or drop is expected in the yellow metal unless there are any changes in key fundamentals, say experts.
With a Bank of America Merrill Lynch survey casting bitcoin as the world's most crowded investment, CNBC's Jim Cramer weighed the idea of the cryptocurrency replacing gold.
Senior Portfolio Manager Trey Reik takes a closer look at Trump's tax reform. Eager for the tax bill to pass, Trump boasts in a recent tweet, “It will be the BIGGEST TAX CUT and TAX REFORM in the HISTORY of our country!” We disagree.
Portfolio Manager Shree Kargutkar says, "gold is likely to benefit in early 2018 from its traditional first quarter strength." He also explains why gold mining equities are cheap right now, and why high-quality miners are positioned for strong earnings performances.
Spot gold headed for the biggest gain in three weeks after Federal Reserve officials stuck with a projection for three interest-rate increases in the coming year, easing concerns that quickening economic growth would spur an even faster pace of monetary tightening.
India’s federal tax authority is investigating bitcoin exchanges to try and find a way to tax transactions, an official said on Wednesday, even as its central bank has warned against dealing in virtual currencies.
As interest continues to surge for bitcoin, could it soon become the new gold? According to Goldman Sachs, the answer is no.
Changes are afoot in the technology sector. Smartphones are becoming increasingly powerful, electric and self-driving vehicles could revolutionise the automotive industry, and emerging nanotechnology could transform solar energy. All of this could have a positive impact on gold demand.
Maria Smirnova, Senior Portfolio Manager, discusses precious metals, and how it is getting much harder to find new deposits, given the drop-off in exploration budgets. She explains how an allocation to gold and silver in an investment portfolio can reduce volatility.
China’s automotive industry is a modest consumer of platinum at c2% of total platinum demand, mostly in heavy-duty vehicles. We see platinum demand upside potential from emissions legislation and from switching.
Senior Portfolio Manager Trey Reik examines the interplay between gold bullion and gold equities. This relationship has been noteworthy in 2017, given an anomalous performance gap that we believe may provide investment opportunity for precious metals investors.
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.
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.
Turkey purchased a record $13.8bn of gold from abroad this year, $9.8bn more than in the same period last year, Bloomberg reported.
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.
When you think of the color gold, images of grandeur and extravagance are likely to come to mind.
Until early this month, Indian jewelers expected the traditional surge in gold demand from the Hindu Festival of Diwali to be muted.
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.
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.
A former trader at UBS Group AG was charged with conspiracy and fraud over his suspected role in manipulating the price of precious metals.
Gold has pulled in traders like never before on its way to the highest price in a year.
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.
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.
Senior Portfolio Manager Trey Reik discusses why gold has spent the past seven months in a tight trading range between $1,200 and $1,300 per ounce. Given the stored force inherent in such a trading pattern, history suggests a breakout, whether up or down, is likely to be characterized by a steep slope. The question remains, which direction will gold follow?
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.
Bridgewater Associates founder Ray Dalio says in a LinkedIn blog post "risks are now rising" in the market and recommends gold as a hedge.
Several groups, including Sprott, are working on developing a digital gold-type currency based on blockchain technology.
Maria Smirnova has been with Sprott for more than 12 years, is currently the sole manager of the Sprott Silver Equities Class, and part of a team that manages the Sprott Gold and Precious Minerals Fund. Recently, I had the chance to speak to Smirnova about the current silver market, her outlook for the rest of the year, and the biggest risks in the silver market.
"Silver commands an established precious-metal pedigree, while simultaneously boasting a wide array of active economic functions,' writes Senior Portfolio Manager Trey Reik. This report explores silver's bullish supply/demand fundamentals and why this bodes well for higher silver prices ahead.
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
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.
Senior Portfolio Manager Trey Reik asks: "What is fueling this record-breaking investor complacency? We would suggest market perceptions of risk have been all but extinguished by relentless provision of central bank liquidity." He explains why gold's pullback is a reflection of persistent strength in U.S. equity markets.
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.
Senior Portfolio Manager Trey Reik identifies ten market variables we view as bullish for the gold price: "With respect to precious metals, we have rarely observed such a confluence of gold-supportive technical and quantitative variables across such a wide spectrum of relevant asset classes."
Senior Portfolio Manager Trey Reik looks at gold's lackluster performance in March: "We attribute this swift shift largely to a short stretch of particularly impassioned Fed jawboning, book-ended by the FOMC’s two crucial thought-leaders, Vice Chairman William Dudley and Chair Janet Yellen."
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).
You are now leaving Sprott.com and entering a linked website. Sprott has partnered with ALPS in offering Sprott ETFs. For fact sheets, marketing materials, prospectuses, performance, expense information and other details about the ETFs, you will be directed to the ALPS/Sprott website at SprottETFs.com.Continue to Sprott Exchange Traded Funds
You are now leaving Sprott.com and entering a linked website. Sprott Asset Management is a sub-advisor for several mutual funds on behalf of Ninepoint Partners. For details on these funds, you will be directed to the Ninepoint Partners website at ninepoint.com.Continue to Ninepoint Partners