Gold & Silver Price Update – ETF Flows Capitulate
Gold & Silver ETF Flows Report The precious metals complex continues to have lackluster performance of late, with markets clearly in a dumbed-down state of normalcy bias when it comes to both the geopolitical and economic landscape. Despite the war raging on in Ukraine, investors have now adapted to the ‘new normal’ as they become more focused on central bank rate hikes and seemingly unconcerned about the situation in Ukraine and Taiwan. Also absent from the majority of minds is…
Welcome to 2022!
A warm welcome back from holidays from the team at Guardian Vaults to all of our valued clients! We have already seen some big moves in financial markets to start the new year, as the Federal Reserve turns as hawkish as ever. Tech stocks took a big hit overnight in the US with Cathie Woods Ark Invest ETF dropping -7% in a day. Interesting to see gold shrug off the latest FOMC minutes which talked of US Quantitative Easing ending…
Silver Price Signals a Swing Higher
The silver price has upset a few bulls of late, after retreating from a high of USD $25.00 per ounce in November down to a wash-out low of $21.40. But there are some positive indications from the recent price action, hinting that a significant low has now been formed. From a technical perspective, it was very important for the price to hold this key $21.40 level as it coincides with the recent lows all the way back to the major…