Sprott Precious Metals Watch

Ray Dalio Increased His Exposure To Gold In Q1 2019

Gold continues to shine for billionaire investor Ray Dalio, who increased his fund’s holdings of the yellow metal during the first quarter of 2019.

PHYS: The Gold Standard To Protect Against The 'Bar ZJ6752' Fiasco

From my review, it appears that PHYS offers a compelling alternative to gold ETFs. As can be seen, in the 5 areas in which I offer a comparative evaluation, PHYS takes the win in 3 of the 5, with the other two areas, in my opinion, evaluating to a tie.

QE May Be Over, But the Fed’s U.S. Debt Hoard Is About to Soar

If you thought the Federal Reserve was done with quantitative easing, you might only be half right.

MASTERCLASS: Real Assets - May 2019

Real assets encompass a range of investment options that offer diverse benefits. Incorporating alternative investments into a portfolio can protect investors against small utility and downside risk. In this Masterclass, 4 experts discuss real assets with a focus on real state and gold. 

Is Fear Finally Coming Back? 'Outlook For Gold Works Against The Market' - Eric Sprott

Fear is finally making its way back into the financial markets and pushing gold higher, said Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.

Platinum market is turning a corner as supplies start to tighten

As the platinum industry heads for its annual gathering in London, the question is whether one of the worst-performing metals of the last few years can sustain its recent recovery.

Why Bitcoin Isn’t Gold 2.0

Artigas argues that gold is a unique asset with characteristics not found in any other asset, including bitcoin specifically and cryptocurrencies more broadly.

Roubini calls crypto 'mother and father' of bubbles; Novogratz says bitcoin is 'a small miracle'

Two prominent market voices squared off Wednesday over the future of cryptocurrencies in a debate that ended with a bet over a T-shirt.

‘Bond King’ Jeffrey Gundlach says the national debt is ‘totally out of control’

U.S. debt has climbed to an alarming level, according to DoubleLine CEO Jeffrey Gundlach.

Finally, Silver Prices May Have Bottomed, But What Happens Next?

The macroeconomic outlook points to an increased physical deficit for silver, but higher investment demand is what will ultimately drive prices up, said Maria Smirnova, senior portfolio manager at Sprott Asset Management.

I've Never Seen These Kinds of Valuations

Tocqueville and Sprott Asset Management smell opportunity in a woebegone asset: gold. Julie Segal interviews John Hathaway, Tocqueville Asset Management, and Whitney George, Chief Investment Officer of Sprott Asset Management. 

Central Banks Are Ditching the Dollar for Gold

First-quarter gold purchases by central banks, led by Russia and China, were the highest in six years as countries diversify their assets away from the U.S. dollar.

Cryptocurrencies are no replacement for gold

We often get asked about cryptocurrencies and whether they represent a potential replacement for gold, as well as what role, if any, bitcoin should play in a portfolio.

The Silver Lining

Maria Smirnova, Senior Portfolio Manager, discusses silver's challenging investment environment. She writes: "With silver's price hovering at $15 per ounce, we see tremendous investment upside — with little downside — given what we view as very positive developments in the market."

Gold Demand Lifted by Central Banks and ETFs

Global gold demand grew 7% y-o-y in Q1 2019. Central banks bought 145.5t of gold, the largest Q1 increase in global reserves since 2013. Diversification and a desire for safe, liquid assets were the main drivers. Gold-backed ETFs also saw growth: quarterly inflows grew by 49% to 40.3t. 

World Silver Survey 2019

Three positive developments emerged in the silver market last year, according to the just-released World Silver Survey 2019. Total silver demand increased for the first time since 2015, rising 4 percent to 1.03 billion ounces. There was a robust recovery in retail investment, led principally by silver bar demand, which climbed sharply last year. On the supply side, global mine supply fell for the third consecutive year, following a continuous streak of 13 annual increases before 2016.

Technical Resolution

Senior Portfolio Manager Trey Reik: "On the surface, precious metals activity was subdued for the week ending Friday, April 26. Spot gold rose 0.85% to $1,290.35 and continues to hover just below the $1,300 threshold, with trading reflecting a technical tone."

Experts say increased demand for solar panels causes spike in silver prices

Researchers from Kent Business School published a paper this week in the journal Environmental Science and Pollution Research where they state that increased demand for solar panels causes silver prices to spike.

World's Central Banks Want More Gold

India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their reserves.

Global gold production to hit fresh record in 2019

A new report by S&P Global Market Intelligence predicting that gold production worldwide is likely to set a fresh record in 2019 after a decade of growth in output.

The 10 countries with the biggest piles of gold

In 2018, the volume of gold bought by central banks rose to its highest level since nearly a half a century ago.

Silver Plays Small but Vital Role in Every Portfolio

Portfolio strategies like Modern Portfolio Theory and others tend to assume that market returns follow a normal distribution. Not really.

How gold quietly shapes our world

The periodic table of chemical elements turns 150 this year. The anniversary is a chance to shine a light on particular elements – some of which seem ubiquitous but which ordinary people beyond the world of chemistry probably don’t know much about.

Gold Has Been Rallying. Now It’s Silver’s Turn.

Silver has been a lackluster performer this year, but as investors’ appetite for gold improves, silver might share in the yellow metal’s prosperity. Barron's magazine checks in with Sprott's Maria Smirnova to find out more.

Miners Ride a New Wave of Consolidation

Whitney George, Chief Investment Officer: "We believe a new gold mining mergers and acquisitions (M&A) cycle has been ignited, and we expect this merger boom to accelerate over the next several years. Exploration is down, and new gold discoveries are scarce. Miners are strategically combining in order to increase production, reduce costs and improve operations."

Sprott Physical Silver Trust: The Best Silver Bullion Fund On The Market

PSLV is the best silver bullion fund out there because its shares are fully redeemable for the metal and it actually holds title to the metal.

Gold Has Been Rallying. Now It’s Silver’s Turn.

Silver has been a lackluster performer this year, but as investors’ appetite for gold improves, silver might share in the yellow metal’s prosperity.

World Silver Survey 2019

According to the World Silver Survey 2019, the silver market looks “promising” in 2019 as the supply and demand picture is expected to remain relatively stable. The Survey reports that global silver demand is outstripping supply: demand hit a three-year high in 2018, increasing 4% from 2017, while global silver mine production fell for the third straight year, dropping 2% in 2018.  

Sprott Physical Silver Trust (NYSE ARCA: PSLV) is a proud sponsor of the 2019 World Silver Survey.

Silver Demand Hit A 3-Year High In 2018 – World Silver Survey

The silver market looks “promising” in 2019 as the supply and demand picture is expected to remain relatively stable compared to 2018, according to the latest research from the Silver Institute.

The Best Argument for the Gold Standard

With President Donald Trump’s apparent plans to nominate Stephen Moore and Herman Cain to the Federal Reserve Board, attention has turned once again to the gold standard, a policy option once advocated by both men.

What you're not hearing about Cain, Moore and the gold standard

If Alan Greenspan and Stanley Fischer can talk about gold as a policy tool, why can't Trump's nominees?

Sprott Physical Gold Trust: The Best Gold Bullion Fund To Put Into Your Portfolio

Unlike the other gold funds such as GLD, the Sprott Physical Gold Trust is structured as a closed-end fund. This gives it a major advantage over the exchange-traded fund structure in that it does not have to constantly buy and sell gold to ensure that there is always the correct amount of gold for the number of shares outstanding...

Paper Tiger

Senior Portfolio Manager Trey Reik: "After a lot of late-March huffing and puffing in COMEX markets to achieve a month-end close for spot gold below $1,300, trading in physical gold markets proved especially robust during the first week of April.  To us, this suggests gold’s sub-$1,300 spot price is destined to be short lived."

China Is on a Big Gold-Buying Spree

China’s on a bullion-buying spree as Asia’s top economy expanded its gold reserves for a fourth straight month, adding to investors’ optimism that central banks from around the world will press on with a drive to build up holdings. Prices advanced back toward $1,300 an ounce.

Trump Picks Gold Standard Advocate Herman Cain For Federal Reserve Board

U.S. President Donald Trump is planning to nominate Herman Cain, former Republican presidential candidate and a long-standing gold bug, for a seat on the Federal Reserve Board, according to media reports.

Jay Powell's Response to the Inverted Yield Curve?

President Trump and White House advisor Larry Kudlow are baiting Chairman Powell to cut interest rates — but Powell himself said last year that he would listen to an inverted yield curve. Don Luskin breaks down the recent changes to the 10-year yield curve and suggests a way for Powell to independently react.

On the Clock

Senior Portfolio Manager Trey Reik: "Trading in gold markets during the week of 3/25/19 seemed heavily influenced by calendar-related items."

Russia Is Dumping U.S. Dollars to Hoard Gold

Vladimir Putin’s quest to break Russia’s reliance on the U.S. dollar has set off a literal gold rush.

Gold slips from best finish in nearly a month as stocks point higher, yields stabilize

Gold traded in the red Tuesday, at risk of giving back the bulk of a Monday gain that landed the metal at its best finish in about a month.

Busy Week

Senior Portfolio Manager Trey Reik: "This past week witnessed an unusually rich sequence of gold supportive events. Indeed, four successive developments came so fast and furious that we expect strong performance in the gold complex in coming weeks as investors have a bit more time to process the significance of recent news flow."

Gold scores highest finish in 3 weeks as economic data feed global growth worries

Gold settled higher Friday, amid haven buying, overcoming strength in the U.S. dollar as investors reacted to fresh global growth fears and a recessionary alarm bell sounding in the bond market.

Russian Central Bank Buys Another Million Ounces Of Gold In February

The Russian central bank continues its quest to diversify away from the U.S. dollar, adding another million ounces to its gold holdings in February.

Gold Shares as Rising Phoenix

Senior Portfolio Manager Trey Reik: "We suspect gold equities are poised for a span of significant nominal and relative performance. We have entered a new mergers and acquisitions (M&A) cycle which we believe will provide a strong catalyst for gold miners in 2019."

Palladium Tops $1,600 as Metal Sets New Highs on Supply Shortage

The price of the metal - mainly used in autocatalysts in gasoline vehicles - has almost doubled from a recent low in August. Demand has remained robust as manufacturers scramble to get hold of palladium to meet more stringent emissions controls, particularly in China, even as auto sales in key markets slow.

Palladium hits record high above $1,600/oz on plans for Russia export ban

Palladium hit its highest ever on Tuesday, crossing the $1,600 an ounce mark for the first time as news that Russia is planning to ban exports of precious metals scrap fueled concerns over an already supply-constrained market.

Platinum: Higher surplus, strong demand to persist in 2019

Suddenly, platinum is attracting investor attention even though the market is in clear surplus. Despite the fact that prices had been falling in recent years — widening the differential with gold and palladium — investor interest in platinum is increasing possibly because of ‘perceived value’.

News Bites Gold, Silver, Platinum To Follow Palladium's Rally - Bloomberg Intelligence

“The precious metals market is about to resume a rally, in our view, on the back of a surge in the palladium price,” BI’s senior commodity strategist Mike McGlone wrote in his March report. “For the first time in five years, the Bloomberg Precious Metals Spot Subindex is poking above its 72-month average.

Gold, Silver Prices Up On Technical Buying; Tame U.S. Inflation Also Supportive

Gold and silver prices are higher and hit two-week highs in early U.S. trading Wednesday. Chart-based buying and bargain hunting are featured this week. Another mild U.S. inflation report Wednesday is also bullish for the precious metals markets. April gold futures were last up $9.50 an ounce at $1,307.50. May Comex silver was last up $0.082 at $15.495 an ounce.

Why Investors Should Buy the Dips in Gold on Low Volatility

Bloomberg's Mike McGlone and Abigail Doolittle discuss gold's low volatility in the current market.

Megamerger Push Has Gold Miners Eyeing New Dance Partners

A push by the world’s biggest gold miners to get even bigger will likely have a knock-on effect among their competitors, adding new vigor to an industry that failed to inspire investor support in 2018.

Rick Rule Discusses Mining M&A at PDAC 2019

Kitco's Daniela Cambone and Rick Rule discuss M&A in the mining sector and why everyone should own gold, even if Warren Buffet is a non-believer.

Global Miners Flock to Toronto as Buyout Buzz Spreads

Consolidation among smaller gold miners was expected to be top of mind as the industry met in Toronto March 3-6 at the PDAC 2019 Convention, the world's biggest mining conference. Maria Smirnova, Senior Portfolio Manager at Sprott Asset Management, weighed in on several pending mining deals. She sees a higher gold price providing more momentum for deal making.

Sprott CEO Sees "Billionaires and Family Offices" Buying Gold

Peter Grosskopf, Sprott CEO, joins BNN Bloomberg and shares his insights on growing interest and investment in gold bullion. Grosskopf opines on the state of the precious metals industry and why he believes dynamics support more M&A activity.

Q&A with John Ciampaglia, CEO Sprott Asset Management

"We see interest in silver rebounding with growing signs that Central Banks have been too aggressive with tightening monetary policy."

Palladium Stocks Remain a Mystery as Prices Surge to Record

As palladium prices break above $1,500 an ounce for the first time, the market is wondering how much of the metal is stockpiled across the globe.

Why Palladium's Suddenly an Especially Precious Metal

Palladium is now the most valuable of the four major precious metals as an acute shortage has driven prices to a record. A key component in pollution-control devices for cars and trucks, the metal has surged almost 80 percent since mid-August, making it more expensive than gold.

ETF Of The Week: Gold Miners Glitter

Sprott Junior Gold Miners ETF (SGDJ) is one of the top performing ETFs YTD in 2019. Choppy seas for equities have been good for gold—and gold miners. On Wednesday, gold hit a 10-month high of $1,346.80/ounce, as investors sought a safe-haven hedge against geopolitical uncertainty and rising interest rates.  

Barrick-Newmont Deal would be a "Merger of Equals"

Shree Kargutkar, Portfolio Manager, Sprott Asset Management, joins BNN Bloomberg to weigh in on the potential Barrick-Newmont merger, which he views as a "merger of equals" between the Canadian and U.S. mining majors. 

2019 Top 10 List

Senior Portfolio Manager Trey Reik: "Given the seminal nature of catalysts now in play for precious metals, we felt the timing appropriate for a comprehensive review of factors driving the gold price. In this report, we have compiled our Top 10 List of fundamentals supporting a portfolio allocation to gold in 2019."

Hedge Funds Coming Off Record Short Could Boost This Gold Rally

Gold’s rally could have further to run if hedge fund managers ramp up bullish bets after last year’s extended big short.

Precious Metals, Miners ETFs Surge on Safety Trade

Precious metals mining stocks and sector-related ETFs surged as gold prices strengthened and investors look toward attractive areas in the late market cycle.

Palladium Smashes $1,500 as Shortages Ignite Record-Breaking Rally

Palladium surged above $1,500 an ounce to a record, extending a powerful rally that’s been driven by an acute shortage of supply as car manufacturers scramble to get hold of the material to meet stringent emissions controls.

Bernstein Quants Join Bulls on Gold Sector as Cycle Darkens

For all the attention lavished on gold for its relative durability during this global dash into risk, the real story could be the companies digging it out of the ground.

PRECIOUS-Gold at 2-wk high on trade deal hopes; palladium peaks

Gold prices rose to their strongest level in more than two weeks on Monday as the dollar weakened on hopes the United States and China are nearing a trade deal, while palladium hit a record high.

When trouble strikes, where should you hide? The case for gold

The Grand Central theory of markets

Guess Who's Buying?

Over the long-run something has changed in the gold market. Something we should all be paying attention to.

Webcast: Gold's Time to Shine

Get our positive outlook on gold and gold equities. Watch/listen to this webcast replay featuring Ed Coyne, EVP at Sprott Asset Management and special guest John Hathaway, Senior Portfolio Manager at Tocqueville Asset Management.

More Gold Sector M&A on the Horizon

Shree Kargutkar, Portfolio Manager, Sprott Asset Management, joins BNN Bloomberg to talk about increased M&A activity in the gold sector, and weighs in on the Barrick-Randgold and Newmont-Goldcorp deals.

World Gold Council Gold Investor February 2019 Report

The latest gold investment insights including a timely piece from Ken Rogoff, Professor of Economics and Public Policy Harvard University

Outlook brightens for 2019, says Silver Institute

Last year was disappointing, but the Silver Institute is predicting a “more supportive” climate for silver this year. Sales of the US Mint’s American Eagle coins rose 12% in January 2019, compared to the same month a year earlier.

Palladium rally offers lifeline to buoy South African miners

For South African producers, the rally in palladium is partially offsetting the slump in platinum prices to near a decade low.

Gold Is The Best Currency As World Faces Debt Crisis - Sprott Inc.

Investors need to stop focusing on gold’s daily volatility and focus on its long-term potential as nations around the world deal with ballooning debt, according to the CEO of one of the world’s prominent precious metals investment firms.

Wall Street firm says there is now a strong case for gold over bonds, stocks

As recession fears rise, Bernstein is suggesting investors look to gold and gold mining stocks to reduce risk.

Mysterious Turkish Firm Helped Maduro Move $900 Million in Gold

Two months after Venezuelan President Nicolas Maduro visited his counterpart Recep Tayyip Erdogan in Ankara, a mysterious company called Sardes sprang into existence.

Silver Market Trends 2019

Last year, the silver market faced a challenging environment which was reflected in a muted price performance.

Some Central Banks Have Gold Fever and It Might Be Sensible

Gold bugs aren’t always rational. That’s not the case for central banks, whose purchases of the yellow metal last year were the highest since the United States broke the link between gold and the dollar in 1971.

WGC - The Relevance of Gold as a Strategic Asset - 2019 Edition

Gold is a highly liquid yet scarce asset, and it is no one’s liability. It is bought as a luxury good as much as an investment. Our analysis shows that adding 2%, 5% or 10% in gold over the past decade to the average pension fund portfolio would have resulted in higher risk-adjusted returns.

After Years in the Doldrums Gold Miners are Finally Hot Again

After years on the sidelines, gold producers are suddenly the mining world’s hottest topic as the industry gathers in Cape Town this week.

Gold firms ahead of jobs data expected to show softer hiring

Gold futures prices tipped higher early Friday ahead of a jobs report that most analysts think will reinforce the picture of a solid labor market but won’t likely sway the Federal Reserve from its newfound ‘patient’ policy stance.

Technician who called the gold rally now sees this for the metal

Carter Worth, Cornerstone Macro, on whether there's a gold rally on the horizon. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Steve Grasso, Jeffrey Mills and Guy Adam

Gold Market Could Consolidate Next Week And Digest Impact Of Dovish Fed – Analysts

Analysts were looking for a break above $1,300 in the near-term and they were not disappointed as prices pushed to an eight-month high after the Federal Reserve signaled that it would halt rate hikes for the foreseeable future.

Maduro’s Bid to Fly Gold Out of Venezuela Is Blocked

The embattled Nicolas Maduro regime halted plans to ship 20 tons of Venezuelan gold overseas as a growing international push to ring-fence the country’s dwindling hard assets unnerved those handling the transaction, according to a person with direct knowledge of the matter.

Venezuela Has 20 Tons of Gold Ready to Ship. Address Unknown

Venezuelan lawmaker Jose Guerra dropped a bombshell on Twitter Tuesday: The Russian Boeing 777 that had landed in Caracas the day before was there to spirit away 20 tons of gold from the vaults of the country’s central bank.

Central Banks Are on the Biggest Gold-Buying Spree in a Half Century

Central banks bought more bullion last year than anytime since 1971, when the U.S. ended the gold standard.

How India Elections Could Mean a Surge in Gold Buying

Gold consumption in India is likely to recover this year as higher spending in an election year boosts demand in the world’s second-biggest consuming nation, according to the World Gold Council.

Gold Demand Trends Full Year and Q4 2018

Gold is a highly liquid yet scarce asset, and it is no one’s liability. It is bought as a luxury good as much as an investment. Our analysis shows that adding 2%, 5% or 10% in gold over the past decade to the average pension fund portfolio would have resulted in higher risk-adjusted returns.

 

Gold falls on US-China trade optimism but set for second weekly gain

Gold fell on Friday as investors sought riskier assets amid optimism the United States and China may reach a trade deal but a pause in U.S. interest rate hikes put bullion on track for a second weekly increase.

Is Venezuela's 20-Ton Pile of Gold About to Head to Dubai?

With 20 tons of gold stacked up for loading and shipping out of Venezuelan vaults, the mystery surrounding them -- and the saber-rattling they’re sparking -- is intensifying.

Video: Gold Poised to Shine in 2019

Financial Journalist Liz Claman interviews Ed Coyne, EVP at Sprott Asset Management, on his 2019 outlook for gold bullion and gold equities. Gold beat U.S. equities for the month of December, the fourth quarter, and the full calendar year of 2018. Sprott believes that precious metals are poised for a multi-year uptrend, and we advocate a 5-10% permanent portfolio allocation for most investors.

Gold Makes New $1,300 Peaks Ahead of Fed

Hopes of the Federal Reserve holding on rates is flushing more bulls out of the dollar and into gold, driving the yellow metal to near eight-month highs above $1,300.

Crime still plagues cryptocurrencies as $1.7 billion was stolen from investors last year

Cryptocurrency has a security problem it hasn't been able to shake. Bad actors stole $1.7 billion worth of cryptocurrencies from investors last year, according to a new report the CipherTrace Cryptocurrency Intelligence published Tuesday. Of that total, roughly $1 billion was taken from exchanges.

After long slump, 'this could be gold's year'

Gold prices are hitting eight-month highs, thanks to investors looking for an alternative to stock market volatility.

Next Stop on the Jay Powell Apology Tour

A report published last Friday, Jan. 25, by The Wall Street Journal’s Fed watcher Nick Timiraos announced, pretty much as fact, that this Wednesday’s (1/30/19) meeting will see the FOMC “deciding they will maintain a larger portfolio of Treasury securities than they’d expected when they began shrinking those holdings two years ago.” We think this story was a deliberate move in Chair Jerome Powell’s efforts to rehabilitate himself and save his chairmancy after his humiliating performance at the December FOMC meeting.

Silver Shortage Promises to Boost Price in 2019

Think of it as a potential silver lining for investors. A burgeoning shortage of the precious white metal is promising to boost its price as 2019 rolls out.

U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit

The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year.

Russian Gold: 'Let's Offer An Alternative To U.S. Dollar' - Moscow Exchange Chief

Russia should offer gold to its pro-U.S. dollar investors — a safe-haven option that will be produced in Russia, said CEO of the Russian trading floor Moscow Exchange (MOEX).

Catalyst for Gold Locked and Loaded?

Senior Portfolio Manager Trey Reik: "We believe that gold bullion and gold mining equities may be poised for a multi-year uptrend. Gold bullion beat U.S. equities for the month of December, the fourth quarter, and the full calendar year of 2018. We suggested throughout 2018 that the catalyst for gold’s next important rally would be growing recognition that the Fed’s current tightening cycle was reaching a conclusion."

Gold Looks Like 'Safe Money' Amid Rising Inflation Expectations

The back of the U.S. dollar says "In God We Trust." However, for an increasing number of investors in 2019 the motto increasingly is "In Gold We Trust," as the precious metal could turn into a new bull market this year.

Russia becomes world's fifth biggest gold holder after sanctions

Russia has overtaken China to become the world’s fifth largest official sector holder of gold as Western sanctions drove buying by its central bank to record highs in 2018, its data showed on Friday.

Another Billionaire Turns To Gold

Another billionaire has jumped on the gold bandwagon after Sam Zell, the founder of Equity Group Investments, announced on Bloomberg TV that he bought gold for the first time in his life.

Billionaire Sam Zell Buys Gold for First Time in Bet on Tight Supply

Gold’s dimming supply prospects have caught the eye of one billionaire. “For the first time in my life, I bought gold because it is a good hedge,” Sam Zell, the founder of Equity Group Investments, said in a Bloomberg TV interview. “Supply is shrinking and that is going to have a positive impact on the price.”

Palladium is worth more than gold for the first time in over a decade

Palladium started the year on a positive note, with futures prices already up by more than 10% after hefty gains in the last three years and topping the value of gold for the first time in more than a decade.

The Palladium Play - Part 2

Palladium has been a standout performer, more than doubling in price in three years 2016 to 2018. YTD the white-hot metal is up more than 10% as of January 16, 2019. Palladium’s rise is best understood by analyzing its unique supply-demand dynamics. Russia and South Africa account for nearly 80% of the world's production, and a chronic supply deficit keeps pushing prices higher.

Palladium Hurtles Through $1,400 as Breakneck Rally Continues

Palladium rocketed through $1,400 an ounce for the first time, extending its precipitous rally despite signs that global vehicle sales are slowing.

World Gold Council 2019 Outlook Report

As we look ahead, we expect that the interplay between market risk and economic growth in 2019 will drive gold demand. And we explore three key trends that we expect will influence its price performance:

  • financial market instability
  • monetary policy and the US dollar
  • structural economic reforms.

Against this backdrop, we believe that gold has an increasingly relevant role to play in investors' portfolios.

The Palladium Play - Part 1

John Ciampaglia, CEO Sprott Asset Management: "Palladium is a key component for ICE autocatalysts. While the escalating U.S.-China trade war hurt many commodities in 2018, palladium continued to rise. Spot palladium gained 18.6% in 2018 and has climbed 124% since the beginning of 2016."

Video: Real Assets Masterclass

Ed Coyne, EVP National Sales at Sprott Asset Management, joins a panel of real assets experts to discuss whether it’s time to hunt for investments largely unconnected to financial markets, given the Dow Jones Industrial Average's flirtation with new highs in 2018.

Sprott Gold Report: Everything is Cool

Senior Portfolio Manager Trey Reik weighs in on why the Fed is likely to pause its rates hikes: "We have maintained that financial asset prices cannot sustain rising rates with this much debt in the global financial system.... To us, it seems pretty clear there are growing rumblings for at least a pause in rate hikes. Gold is likely to erupt if this transpires."

Real Assets Masterclass

Ed Coyne, EVP National Sales at Sprott Asset Management, joins a panel of real assets experts to discuss whether it’s time to hunt for investments largely unconnected to financial markets, given the Dow Jones Industrial Average's flirtation with new highs in 2018.

Sprott CEO on Gold Investing

 

Peter Grosskopf

BNN Bloomberg speaks with Sprott CEO Peter Grosskopf about why gold producers are facing challenges with production. Grosskopf also introduces OneGold and explains how this innovative platform provides easy access for investors to own gold and silver.

Sprott Gold Report: Brinkmanship

Got gold? We expect asset markets to come to terms with the Fed’s dual policy agenda of simultaneous rate hikes and balance sheet reduction — which amounts to little more than glorified brinkmanship. Recent market weakness supports our contention that Fed tightening is pinching global liquidity to a degree which threatens reigning valuations of traditional financial assets. 

CEF: Beneficial Gold And Silver Developments

The world's central banks have been ramping their purchases of gold recently, including purchases by a few banks that have previously ignored gold. CEF allows investors to have exposure to both gold and silver bullion in one fell swoop.

Gold Is Cheap. Inflation Is Coming. You Do the Math

Gold Is Cheap
Illustration: Jonathan Bartlett

Barron's cover story explains why "This may be an opportune moment for investors to shift at least a portion of their portfolios to gold: both the metal and depressed mining shares." Sprott PM Trey Reik is quoted: "Gold offers enormous portfolio utility in today’s complex and treacherous investment environment.”  Both Sprott Physical Gold and Silver Trust (CEF) and Sprott Physical Gold Trust (PHYS) are highlighted as ways for investors to play the rebound in gold prices.

Sprott Gold Report: Physical Matters

We believe gold sentiment may be turning in our favor. For the first time in 17 years commercial participants in gold futures — generally regarded as the “smart money” — have flipped their COMEX positioning to net long.

Special Report: The Platinum Opportunity - Part 1

Platinum is one of the rarest of metals but often flies under the radar. In Part 1, we provide a Platinum Primer and explain why we are bullish on this essential metal, which plays a critical role in the automotive, industrial and jewelry sectors. 

Sprott Gold Report: Buying Opportunity as Gold and Silver Shorts Reach Record Levels

As investors flee the emerging markets and seek the safety of the U.S. dollar and U.S. equities, they've increased their short positions in commodities. Most surprisingly, and counterintuitively, bets against precious metals (gold, silver and platinum) have reached record levels.

Sprott Gold Report: Summer Test

It's been a frustrating summer for gold bugs. Senior PM Trey Reik discusses how "emerging markets dislocation and the stored force in collapsing EM currencies is funneling towards a strengthening U.S. dollar, and in turn reflexively pressuring the gold price.” In the face of this bearish sentiment, we are encouraging Sprott clients to exploit summer price movements in precious metals to their maximum advantage. 

Sprott Gold Report: Gold Slumps on Trade War Fears

Portfolio Manager Shree Kargutkar believes that “gold may prove to be the ultimate winner given the most recent trade conflicts.” Despite the U.S. dollar's recent strength Kargutkar argues that it is likely to be short-lived, and that all the elements are in place for a durable bull market for precious metals and precious metal equities.

Sprott Gold Report: Tariff Tension

Senior Portfolio Manager Trey Reik answers the question: Why isn’t gold doing better? After trading in a bullish consolidation pattern for 18 months, gold appears to have lost some of its mojo. Trump’s June 1 tariff announcements and the U.S. dollar's spring rally have hurt gold and other commodities. Reik counters by arguing that gold’s price stability has been fairly unique among asset classes, and that right now is a fortuitous entry point for portfolio allocations to gold.

Sprott Gold Report: Periphery to Core

In this report, we employ the analytical framework of periphery to core.  We have organized this letter around evidence that the Fed’s dual policy goals are straining financial conditions in peripheral components of four critical sectors:  emerging markets, global financial institutions, U.S. corporate credits and U.S. consumer credits. 

Sprott Silver Report: Silver's Critical Role in Electrification May Fuel its Rise

"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.

Sprott Gold Report: Why Berkshire Hathaway Needs Gold

Senior Portfolio Manager Trey Reik responds to Warren Buffet’s distaste for gold, staunchly reconfirmed by Buffett at the May 5 Berkshire Hathaway Annual Shareholder Meeting. Reik finds Buffet’s gold-versus-stocks comparison self impeaching, and suggests that a prudent allocation to gold could improve the risk-adjusted returns even for Berkshire Hathaway.

Sprott Gold Report: “QT” or Not to “T,” That is the Question

Senior Portfolio Manager Trey Reik presents analysis suggesting the Fed’s dual agenda of rate hikes and QT balance-sheet reduction is already straining global liquidity to the peril of reigning financial asset valuations. In order to arrest deflationary forces, at least in part of their own making, we expect the Fed to scale back telegraphed FOMC policy by yearend.

Sprott Gold Report: Gold is Rarely this Cheap

Sprott Global Investment Executive Kenton Ralph Toews looks more closely at how commodities, relative to equities, are at their most undervalued in decades. Gold is especially inexpensive relative to the S&P 500. 

Sprott Gold Report: Cryptocurrencies, Solid Gold or Just a Flash in the Pan?

Sprott Asset Management CEO John Ciampaglia examines the relative merits of gold and cryptocurrencies as these two alternatives to traditional fiat currencies duke it out in the “monetary” boxing ring of investor sentiment.

Interview with Sprott's Trey Reik

Sprott's Ed Coyne and Trey Reik discuss the importance of gold to investment portfolios.

Sprott-Backed Blockchain Platform Aims to Give Gold Digital Edge

TradeWind Markets Inc., a technology provider backed by Sprott Inc. and Goldcorp Inc., on Monday launched a new digital gold trading and settlement platform that aims to simplify and speed up trading and reduce transaction costs. The Royal Canadian Mint will provide storage for the platform, guaranteeing that the digital gold is backed one-to-one by physical bars.

Gold 'loves any turbulence' as metal rises following Tillerson's exit

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.

Sprott Gold Report: Gold Resilient Despite Market Volatility

The calm of equity markets across the world was rudely interrupted in February by a sudden spike in volatility which impacted virtually every asset class. Volatility across equities, bonds, currencies and commodities rose sharply during the month and remained elevated into March.

CEF: The Precious Metals Fund For The Bargain Hunters And The Concerned

CEF is a closed-end fund sponsored by Sprott Inc., seeking exposure to commodities through investments of gold and silver bullion.

Sprott Gold Report: Oopsie Daisy! Equity Markets Stumble in Early February

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.

Sprott Physical Platinum & Palladium Trust: Attractiveness Depends On Position Size

Platinum and palladium are lesser-known precious metals which may offer diversification benefits to any portfolio.

Sprott Gold Report: Why Gold and Gold Equities Can Thrive in 2018

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.

Sprott Physical Gold and Silver Trusts Launches on NYSE

Executive VP Ed Coyne discusses Sprott's acquisition of the Central Fund of Canada and launch of the Sprott Physical Gold and Silver Trust.

Sprott Gold Report: 2017 Redux

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.

Sprott seeing renewed interest in gold as stocks keep rallying

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.

Sprott Seeing Renewed Interest in Gold as Stocks Keep Rallying

Institutional investors are showing renewed interest in gold due to the softer U.S. dollar, rising bond yields and concern about stretched asset valuations.

Sprott Gold Report: Just Get Tax Reform Done!

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. 

Sprott Gold Report: Gold Equities are Currently on Sale

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.

Podcast: Precious Metals with Maria Smirnova from Sprott Asset Management

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.

Sprott Gold Report: Bridging the Performance Gap Between Gold and Miners

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.

Sprott Silver Report: An Essential Metal for the 21st Century

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. 

Sprott Gold Report: Will Receding Rate Hike Expectations Give Gold a Lift?

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?

Sprott Silver Report: The Case for Investing In Silver

"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.

Sprott's Ed Coyne And Trey Reik Discuss the Current State of Gold
Sprott Gold Report: Have We Reached Peak Global Central Bank Liquidty?

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.

Sprott Gold Report: Top-Ten Fundamentals Supporting Higher Gold Prices

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."

Sprott Gold Report: Is the Fed Worried About Irrational Exuberance in U.S. Equity Markets?

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."

Sprott Physical Bullion Trusts

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Sprott Physical Bullion Trusts trade on NYSE ARCA

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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). 

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