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Insights

Sprott Insights offers unique analyses and perspectives from the firm’s leading experts on key topics in precious metals and critical materials.

The Stage Is Set

Sprott Gold Report

The Stage Is Set

We believe gold mining equities are poised for growth, as they remain undervalued despite rising gold prices. Western investors have largely ignored gold, but any shift has the potential to push gold prices higher, which will likely benefit miners. In our view, the current market displays the signs of an early-stage bull market.

Gold Tops $2,500: A Technical View

Special Report

Gold Tops $2,500: A Technical View

Gold has surged above the psychological $2,500 level, driven by factors not easily explained by traditional market variables, suggesting possible central bank or sovereign activity rather than usual market dynamics.

U.S. Dollar: Decline and Fall

Sprott Gold Report

U.S. Dollar: Decline and Fall

Gold’s breakout may signify more than one might infer from the continuing lack of interest. Inflows into the precious metals mining space have the potential to generate compelling outcomes.

Gold’s Record-Setting Quarter and Silver’s Resurgence

Sprott Q2 Precious Metals Report

Gold’s Record-Setting Quarter and Silver’s Resurgence

Gold gained 12.79% YTD by June 30, supported by central bank buying. Silver closed Q2 at $29.14, boosted by gold's breakout and global monetary expansion.

What Does the Gold Price Breakout Mean?

Sprott Gold Report

What Does the Gold Price Breakout Mean?

The breakout in gold prices since February has been largely ignored by mainstream investors. Gold bullion’s breakout is significant in that it represents the positive resolution of a three-year consolidation.

Gold Is on the Rise and Reaches All-Time High

Sprott Q1 Precious Metals Report

Gold Is on the Rise and Reaches All-Time High

Gold reached an all-time closing high and is up 8.09% YTD (as of 3/31/2024) after rising 13.10% in 2023. We believe several factors are in place for gold to move higher, such as strong central bank buying. 

Central Banks Support Gold & Solar PV Demand Buoys Silver

Sprott Q3 Precious Metals Report

Central Banks Support Gold & Solar PV Demand Buoys Silver

Gold demand from sovereigns and central banks remains unwavering. Over the past decade, China has been committed to bolstering its gold reserves to enhance its economic and geopolitical standings. 

Geopolitical Risks Enhance Gold’s Role as a Reserve Asset

Sprott Precious Metals Report

Geopolitical Risks Enhance Gold’s Role as a Reserve Asset

Gold attempted to breakout above $2,050 in early May before drifting lower as the U.S. debt-ceiling drama deepened and the U.S. dollar strengthened. At the same time, global central banks have been accumulating gold at a record pace. 

In Gold We Trust Report 2023 - Showdown

Special Report

In Gold We Trust Report 2023 - Showdown

"In our opinion, the term showdown is an apt description of the current situation, in which economic, political and social developments are on the brink of a fundamental change of course. The current situation is also unique because we are not dealing with a singular showdown. Multiple escalations are occurring simultaneously and have the potential to further inflame each other."

Gold Rides Higher on Recession Fears

Sprott Precious Metals Report

Gold Rides Higher on Recession Fears

The gold market continues to be bullish as the probability of a recession rises, regional banking stress resurfaces and the Fed seems determined " get inflation down to 2%, over time".

A Bullion "Moat" for Your Portfolio

Special Report

A Bullion "Moat" for Your Portfolio

In Q1 2023, precious metals bullion and equities showed strong YTD momentum, with gold closing above the psychologically important $2,000 per ounce mark and silver reaching $25. Gold/silver mining equities also posted notable gains.

Gold Bulls Run Faster as Fed Tackles Banking Crisis

Sprott Precious Metals Report

Gold Bulls Run Faster as Fed Tackles Banking Crisis

Gold posted a solid Q1 2023 gain of 7.96%, and is now up 21.38% from last autumn's low (9/26/22) following the most aggressive central bank purchases in decades and gold investment flows catalyzed by the U.S. banking crisis. 

Is My Money Safe?

Sprott Gold Report

Is My Money Safe?

"The yellow metal has no counterparty risk (unlike all other financial instruments including bank deposits and government bonds), is highly liquid and has an unbroken record of retaining value in absolute terms and relative to financial assets."

First Gold Dip  Since Central Bank Buying Spree

Sprott Precious Metals Report

First Gold Dip Since Central Bank Buying Spree

Gold fell in February, closing the month at $1,827 in a correction characterized by a stall in buying, but not selling. Global central banks have been buying gold at record rates; more than three times their long-term averages.

Strong China Demand Boosts Gold Rally

Sprott Precious Metals Report

Strong China Demand Boosts Gold Rally

January was another positive month for gold bullion. We saw strong gold buying from China, with estimated tonnes purchased at the highest level since 2017.

2023 Top 10 Watch List

Sprott Precious Metals Report

2023 Top 10 Watch List

This year’s top 10 list offers Sprott’s thoughts on what will likely drive markets in the coming year and decade, from a macro perspective and the vantage of our asset classes: Precious Metals and Energy Transition Materials. 

Connecting a Few Dots

Sprott Gold Report

Connecting a Few Dots

Gold was an effective hedge in 2022, returning -0.28% for the bear market year. The yellow metal outperformed the S&P 500 Index, which declined 18.11%. Gold mining equities also outpaced the S&P 500. 

Gold Higher After Peak Fed Hawkishness

Sprott Precious Metals Report

Gold Higher After Peak Fed Hawkishness

Gold and gold mining equities posted strong results in November, up 8.26% and 16.79%, respectively. Silver gained 15.81%. Risk assets were catalyzed higher by the Fed's signal that it would slow the pace of rate hikes.

Fed Pivot FOMO and Financial Instability

Sprott Precious Metals Report

Fed Pivot FOMO and Financial Instability

The tough year continued in October for many asset classes, including gold and other precious metals. Gold demand, however, was strong in Q3 2022 as long-term investors took advantage of lower prices to build positions.

The Dollar, Safe Haven or Leaky Lifeboat?

Sprott Gold Report

The Dollar, Safe Haven or Leaky Lifeboat?

"The parabolic rise in the dollar contains the seeds of its own demise. The façade of dollar strength foretells a comeuppance for all currencies in the form of a steep devaluation in terms of gold."

Things are Breaking

Sprott Precious Metals Report

Things are Breaking

Since Q2 2020, gold has held above $1,700 but in mid-September, a significant risk-off wave occurred, breaking nearly every risk asset lower. The primary causes were higher than expected inflation data forcing yields (especially real yields) and the USD higher, two important gold drivers.

Summer Doldrums for Gold & Silver

Sprott Precious Metals Report

Summer Doldrums for Gold & Silver

It’s been a summer of doldrums for many asset classes. Precious metals lost ground as a liquidity crunch took hold in response to market declines and volatility. Gold declined 3.11% and silver fell 11.62%.

Signs of Capitulation Everywhere

Sprott Precious Metals Report

Signs of Capitulation Everywhere

July was another difficult month for most asset categories and was characterized by selling capitulation into exhaustion. Much more aggressive Fed rate hike expectations relative to other global central banks were a significant cause of U.S. dollar (USD) strength and rising real yields, which adversely affected gold.

Inflation, No Quick Fix

Sprott Gold Report

Inflation, No Quick Fix

If the Fed is to abandon the practice of inflating financial assets, which would represent a secular shift in direction, substantial deflation lies ahead from which the purchasing power of gold is expected increase in real terms.

Gold Holds in Worst First Half in Decades

Sprott Monthly Report

Gold Holds in Worst First Half in Decades

Gold continued to perform as a safe haven store of value in what has been one of the most challenging six-month periods for markets in decades. Gold has managed to stay above the $1,800 support level despite the broader market carnage.

Gold, Steady in its Purpose

Sprott Monthly Report

Gold, Steady in its Purpose

May saw selling across most asset classes and scant appetite for safe haven assets such as gold. However, gold bullion has outperformed many other asset classes YTD and continues to do its job. 

In Gold We Trust Report 2022 - Stagflation 2.0

Special Report

In Gold We Trust Report 2022 - Stagflation 2.0

Just as we predicted the current wave of inflation in 2020 without going far out on a limb, we are also not going out on a limb with our announcement of persistent stagflation.

April Pressures Risk Assets

Sprott Gold Report

April Pressures Risk Assets

Gold held in ETFs has increased sharply this year as the safe-haven flight continues. April was tough on many investment sectors, with the S&P 500 Index down 8.80%, the Nasdaq Composite Index declining 13.37% and U.S. Treasury bonds falling 3.10%.

Putin’s Gambit

Sprott Gold Report

Putin’s Gambit

The price of gold has been treading water for 10 years while the investment fundamentals have improved dramatically. That is why, in our opinion, significant upside lies ahead for gold and related equities. 

Gold Investment Demand Returns

Sprott Monthly Report

Gold Investment Demand Returns

Gold posted its all-time highest quarterly close on March 31, 2022, ending a volatile month that helped gold climb above $2,070 on March 8. While gold may have climbed back to its highs on safe-haven flows, other positive gold supports are definitely in play.

Gold Bullion Breaks Out on Safe-Haven Flight

Sprott Monthly Report

Gold Bullion Breaks Out on Safe-Haven Flight

Gold bullion is up 4.36% YTD through February 28, 2022, and silver bullion has increased 4.90%. Gold mining equities rallied. Investors sought safe-haven assets given the heightened concerns over rising interest rates and the escalation of the Russia-Ukraine conflict.

Fed Applies Hawkish Shock Treatment

Sprott Monthly Report

Fed Applies Hawkish Shock Treatment

Gold reached a high of $1,848 in January, but slid following the Fed's exceptionally hawkish statements at the January FOMC meeting. Market risks are rising and we believe that gold, as it did in 2018, is likely to stage a breakout given its safe haven characteristics.

2022 Top 10 Watch List

Sprott Monthly Report

2022 Top 10 Watch List

Based on historic patterns, gold's lengthy consolidation indicates that prices have the potential to rally sharply and quickly in the coming year. We explain why in our List of Top 10 things to watch for gold investors. 

Waiting for the Pivot

Sprott Gold Report

Waiting for the Pivot

With Fed policy taking a more hawkish turn, the fire hose of liquidity that has fueled market mania is being turned off. At this moment, it appears that confidence in the Fed and attraction to gold are binary. 

Investment Risks and Important Disclosure

Relative to other sectors, precious metals and natural resources investments have higher headline risk and are more sensitive to changes in economic data, political or regulatory events, and underlying commodity price fluctuations.  Risks related to extraction, storage and liquidity should also be considered.

Gold and precious metals are referred to with terms of art like store of value, safe haven and safe asset. These terms should not be construed to guarantee any form of investment safety. While “safe” assets like gold, Treasuries, money market funds and cash generally do not carry a high risk of loss relative to other asset classes, any asset may lose value, which may involve the complete loss of invested principal.

Past performance is no guarantee of future results. You cannot invest directly in an index. Investments, commentary, and opinions are unique and may not be reflective of any other Sprott entity or affiliate. Forward-looking language should not be construed as predictive.  While third-party sources are believed to be reliable, Sprott makes no guarantee as to their accuracy or timeliness. This information does not constitute an offer or solicitation and may not be relied upon or considered to be the rendering of tax, legal, accounting or professional advice. 

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