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Sprott Precious Metals Watch

Online Gold Coin Sales Jumped 400% as Bitcoin Plunged

Gold coin sales jumped fivefold on Tuesday at one of Europe’s largest online dealers as Bitcoin suffered its biggest selloff since December.

Behind the Dollar's Drubbing Is a Catalog of Excuses

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.

Gold facts

It is rarer to find a one ounce nugget of gold than a five carat diamond.

What does a North Korean ballistic missile have to do with the price of gold?

Stock prices were not the only investment to stage an impressive rally in 2017. Gold, too, found favor, and that’s rare.

Gold Is on Its Best Run Since 2011

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.

Investing in gold: Why it still glitters – David Melvill

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

Silver goes first, gold goes second: 2018 outperformers

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%.

Where will gold prices head in 2018 and will it be a good investment bet?

No sharp gains or drop is expected in the yellow metal unless there are any changes in key fundamentals, say experts.

Cramer's charts reveal bitcoin is not replacing gold anytime soon

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.

Is Bitcoin Demand Hurting The Price Of Gold?

Summary:

  • Bitcoin buyers are not physical gold buyers.
  • The large buyers of physical gold do not care about cryptocurrencies as a Central Bank asset.
  • The price of gold is affected by the supply of paper gold issued by the Comex market makers.
Fed Spells Relief for Gold Traders Worried Over Rate-Hike Pace

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 tax department considers tax on virtual currencies

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.

Bitcoin Futures Isn’t Taking Gold’s Shine Away: Goldman Sachs

As interest continues to surge for bitcoin, could it soon become the new gold? According to Goldman Sachs, the answer is no.

Gold Market update: Technology - a brighter outlook?

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.

Platinum Perspectives - Is China automotive a source of pt demand upside?

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.

Bitcoin Is A Distraction, Focus On Gold - Rick Rule

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.”

All the Reasons Cryptocurrencies Will Never Replace Gold as Your Financial Hedge

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.

Mysterious Gold Trades of 4 Million Ounces Spur Price Plunge

Trades that moved about 4 million ounces of gold in a matter of minutes awakened the precious metal from its slumber.

Gold investors hold their nerve as stock markets fly

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.

In Gold We Trust: Why cryptocurrencies are unlikely to usurp the role of gold

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.

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. 

Turkey gold imports surge as central bank boosts reserves

Turkey purchased a record $13.8bn of gold from abroad this year, $9.8bn more than in the same period last year, Bloomberg reported.

How Mining Stocks Have Moved in October 2017

Precious metals had a mixed reaction on Wednesday, October 25, 2017, and so did mining stocks.

Bitcoin Has a Long Way to Go to Replace Gold, Says Sprott’s Trey Reik

Sprott Asset Management USA Senior Portfolio Manager talks about the pros and cons of bitcoin and how it compares with gold as an investment.

Top Gold Miner ETF Lagging After Index Change

The index change that affected the VanEck Vectors Junior Gold Miners ETF (GDXJ) earlier this year was a huge story.

Palladium Tops $1,000 for First Time Since 2001

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.

Peak Gold Output Is Looming for World’s No. 2 Producer

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.

The psychology of gold and why it has that allure

When you think of the color gold, images of grandeur and extravagance are likely to come to mind.

Gold Gets Its Sparkle Back In Time for India's Diwali

Until early this month, Indian jewelers expected the traditional surge in gold demand from the Hindu Festival of Diwali to be muted.

Is Gold Really a Good Hedge?

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.

ETF Topper/Flopper: Gold Makers Shine, Steel Miners Decline

Gold mining stocks got a boost Monday as gold spot futures climbed about 1% to $1,287 per troy ounce.

Gold price: ETF investors remain bullish

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 Closes US$40 Million Investment in Chilean Producing Copper Mine

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.

Russia's rush for gold sees record reserves for Putin era

Vladimir Putin is doing his part to keep the upswing in gold alive.

China proven gold reserves at 12,100 tonnes at end-2016 - Xinhua

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 Continues to Play a Significant Role in the Global Silver Market

India’s cultural affinity for silver underscores the country’s importance as a leading source of demand in the global silver marketplace.

Gold ends below $1,300 for first time in September after Fed’s rate-hike hint

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.

Ex-UBS Trader Accused by U.S. of Manipulating Metals Prices

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 Rallies to a One-Year High and Spurs Record Trading Volume

Gold has pulled in traders like never before on its way to the highest price in a year.

Gold Is Winning New Fans

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.

Why Gold Is Less of a Haven These Days

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 Rally Is About More Than Just Autos

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.

Weird Things Are Happening With Gold

Last week featured two unusual stories on gold — one strange and the other truly weird.

The Battle for India's $45 Billion Gold Industry Has Begun

India’s past and future are colliding in Anand Ghugre’s family jewelry shop in Mumbai.

Gold Closes Above $1,300 for First Time This Year

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.

Bull Market in Uncertainty Propels Gold Rush

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 Surging to $1,400 for BofA as Long-Term Rates Stay Low

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.

Gold and yen jump after Trump threatens to 'close down our government'

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.

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?

Gold's Rally Against Oil Is Just Beginning

Even as some analysts decry that gold is looking expensive, the rally may be just getting going.

Gold shines as geopolitical worries weigh on riskier assets

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.

Gold imports jump over two-fold to $13.35 billion in April-July

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 to rebound in 2017 on restocking, good monsoon - top refiner

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.

The Investment Bank Tipping Gold to Hit $1,400

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.

The Fed Has 6,200 Tons of Gold in a Manhattan Basement -- Or Does it?

Eighty feet below the streets of lower Manhattan, a Federal Reserve vault protected by armed guards contains about 6,200 tons of gold.

China's Gold Demand Takes Australia By Storm, Breaching $11 Billion Annually

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.

Ray Dalio, manager of the world's largest hedge fund, says buy gold on rising North Korea risk

Bridgewater Associates founder Ray Dalio says in a LinkedIn blog post "risks are now rising" in the market and recommends gold as a hedge.

Blockchain Technology Will Be Applied to Gold, Says Sprott Inc. CEO

Several groups, including Sprott, are working on developing a digital gold-type currency based on blockchain technology.

A Conversation with Maria Smirnova – Silver, Gold on Steroids

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.

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.

How much gold do Americans own?

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%).

Are the World’s Billionaire Investors Actually Buying Gold?

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.

Profit With Mining Stocks - Rick Rule Interview in Resource World Magazine

Contrarian investor and Sprott U.S. Holdings Inc. CEO Rick Rule shares his winning strategies

Sprott's Ed Coyne And Trey Reik Discuss the Current State of Gold
The Gold Standard for Defense: The rationale for stocking portfolios with the yellow metal has expanded to include hedging against deflation

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.

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.

3 years of Modi govt: Why gold schemes have failed to glitter

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.

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."

Smart Beta Gold Miner ETF Options

With gold prices back to one-month highs, investors may consider alternative index-based gold miner ETFs to capitalize on the strengthening bullion.

Sprott ETFs 

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). 

SGDM
NYSE ARCA
Sprott Gold Miners ETF
SGDJ
NYSE ARCA
Sprott Junior Gold Miners ETF

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Sprott ETFs

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