Precious Metals
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ASA: Ditch Physical Gold And Buy The Miners
Seeking Alpha· 2025-12-08 21:53
The ASA Gold and Precious Metals Limited ( ASA ) is a closed-end fund designed to provide investors with broad exposure to the precious metals' industry, including miners and junior mining companies. With investments in gold gaining momentum as a store of value orMonte Independent Investment Research: Michael Del Monte is a buy-side equity analyst with expertise in the technology, energy, industrials, and materials sectors. Prior to working in the investment management industry, Michael spent over a decade ...
Versamet Royalties Graduates to the Toronto Stock Exchange
Newsfile· 2025-12-08 11:30
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - Versamet Royalties Corporation (TSXV: VMET) ("Versamet" or the "Company") is pleased to announce that it has received final approval to have its common shares listed on the Toronto Stock Exchange ("TSX") and graduate from the TSX Venture Exchange ("TSXV"). The common shares of the Company will begin trading on the TSX effective at the market open on Wednesday, December 10, 2025. Dan O'Flaherty, CEO of the Company, commented, "Graduation to ...
Trading in global gold market down 26% in November, says WGC
BusinessLine· 2025-12-08 07:29
Trading in the global gold market declined by 26 per cent in November, averaging $417 billion a day, against a record high of $561 billion in October, the World Gold Council (WGC) said. However, global gold volumes remained well above their 2024 average of $232 billion a day. “With gold price volatility decreasing in the month, all sectors saw slower activity,” said the WGC. OTC trading was lower by 24 per cent month-on-month to $188 billion a day, mainly since LBMA volumes were lower by a fourth at $169 b ...
全球大宗商品 2026 年展望:供应驱动的 “鳄鱼周期”—— 紧俏金属持续跑赢过剩能源;G9 旧品仍是第四年的买入标的-Global Commodities 2026 Outlook_ Supply-driven crocodile cycle—tight metals continue to beat glutted energy. G9 old remains a fourth-year buy
2025-12-08 00:41
Key Takeaways from J.P. Morgan Global Commodities 2026 Outlook Industry Overview - The report focuses on the commodities sector, particularly the dynamics between energy and metals markets, highlighting a supply-driven "crocodile cycle" where tight metals outperform oversupplied energy markets [1][27]. Core Insights - The Bloomberg Commodities Index (BCOM) has increased nearly 12% in 2025, with expectations for stability in 2026 as declines in energy prices are countered by gains in industrial and precious metals [7][10]. - Historical commodity price cycles have shown synchronized movements across markets, but a divergence occurred in 2024, with energy prices falling while metals prices surged due to supply dynamics [7][39]. - Commodities contributed to higher headline inflation in 2025, reversing their previous disinflationary role in 2023 and 2024, driven by rising prices in food and metals despite a 16% drop in oil prices [7][51]. Precious Metals Outlook - A bullish outlook on gold is maintained for the fourth consecutive year, with prices expected to reach $5,000/oz due to strong central bank and investor demand [9][16]. - Silver prices are projected to rise towards $58/oz, supported by ongoing demand despite potential cracks in industrial usage [16]. - Platinum prices are expected to average $1,670/oz in 2026, while palladium prices may face downward pressure due to weaker demand growth [16][17]. Industrial Metals Outlook - Industrial metals, particularly copper, are favored, with prices expected to rally towards $12,500/mt in 1H26 due to acute supply disruptions [9][18]. - The copper market is anticipated to tighten due to flat mine supply growth and resilient demand, particularly from power utilities and data centers [18][44]. - Aluminum prices are expected to rise towards $3,000/mt in 1H26 before facing downward pressure from increased supply growth in Indonesia later in the forecast [18][45]. Agricultural Commodities Outlook - The agricultural market is expected to experience increased volatility amid improving US-China trade relations, although significant purchases from China during the 2025/26 season are not anticipated [19]. - Price targets for various agricultural commodities have been revised higher, with ICE 2 Cotton identified as a top pick for 2026/27 [19]. Natural Gas and Oil Outlook - The outlook for US natural gas has shifted to bearish, with prices expected to average $3.74/MMBtu in 2026 due to strong production growth [9][20]. - A bearish outlook on oil is maintained, with Brent prices projected to average $58/bbl in 2026, following a decline from $80 in 2024 [9][24]. - Global oil supply is expected to outpace demand, leading to a projected surplus of 2.8 mbd in 2026, which will exert downward pressure on prices [24]. Technical and Derivatives Insights - The report includes technical analysis and trade recommendations for commodities, emphasizing the importance of a targeted investment approach to capitalize on outperforming sectors [9][47]. - Volatility in oil prices is expected to remain subdued, while precious metals are entering 2026 with elevated volatility levels [52][62]. Conclusion - The commodities market is characterized by a significant divergence between energy and metals, with supply constraints in metals providing better investment opportunities compared to oversupplied energy markets [27][47].
Silver's still on fire: Can gold keep up?
KITCO· 2025-12-05 22:57
Core Insights - The article highlights a significant financial figure of $58+ and a quantity of 4,200, indicating potential market trends or investment opportunities [1][2]. Financial Data - The reported figure of $58+ suggests a price point that may be relevant for commodities or securities [1][2]. - The quantity of 4,200 could represent units sold, production levels, or another relevant metric in the financial context [1][2].
The 2020s Commodities Supercycle: Why Strategic Scarcity Is Now Driving Returns
Investing· 2025-12-05 14:27
Group 1 - The article provides a market analysis covering key commodities including Gold Spot, Silver Spot, Copper Futures, and Crude Oil WTI Futures [1] Group 2 - The analysis highlights the current trends and price movements in the commodities market, indicating potential investment opportunities [1]
Modest price gains in gold; silver solidly up and near record high
KITCO· 2025-12-05 13:15
Core Insights - Jim Wyckoff has over 25 years of experience in stock, financial, and commodity markets, including significant roles in journalism and analysis [1][2] - He has worked with various financial news and advisory services, showcasing a diverse background in market analysis and reporting [2] Company and Industry Summary - Jim Wyckoff operates the "Jim Wyckoff on the Markets" service, which provides analytical, educational, and trading advisory content [2] - His previous roles include being a technical analyst for Dow Jones Newswires and a senior market analyst at TraderPlanet.com, indicating a strong foundation in market analysis [2] - Wyckoff's educational background includes a degree in journalism and economics from Iowa State University, which supports his expertise in financial reporting and analysis [2]
When Big Banks Call for Verified Gold Only, the Entire Global Metals Market Will Wish It Partnered With SMX
Accessnewswire· 2025-12-04 19:30
NEW YORK, NY / ACCESS Newswire / December 4, 2025 / There is a single moment that would hit the gold market harder than any interest rate shock, geopolitical headline or mining crisis. It is not a supply disruption. It is not a surge in demand. It is a policy decision. The moment a major bank, sovereign wealth fund or global exchange announces that it will only accept verified gold with persistent molecular identity is the moment the entire gold ecosystem splits in two. That announcement would not be sy ...
A Compelling Outlook for This Commodities ETF
Etftrends· 2025-12-04 15:35
Core Insights - The Neuberger Berman Commodity Strategy ETF (NBCM) has increased nearly 18% in 2025, driven primarily by precious metals like gold and silver [1] - NBCM, with nearly $296 million in assets under management, allocates 26.6% of its portfolio to precious metals, indicating strong performance this year and potential for continued success into 2026 [3][4] - Market analysts predict that the bull market for precious metals may expand into industrial metals such as copper and aluminum in 2026, influenced by anticipated changes in Federal Reserve leadership and economic conditions [4][5] Group 1 - NBCM is positioned for potential upside in 2026 due to its active management and broad exposure to the commodities market [2][4] - The ETF's allocation includes 16% to industrial metals, with aluminum among its top holdings, suggesting a strategic approach to capitalize on future market trends [5][6] - Citi forecasts a constructive medium-term outlook for copper, estimating a base case price of $12,000 per ton, which represents approximately 20% upside over the next six to twelve months [7]
美股异动 | 现货白银日内跌超3% 银概念股集体走低
Xin Lang Cai Jing· 2025-12-04 15:27
Core Viewpoint - The silver market experienced a significant decline, with spot silver dropping over 3% in a single day, leading to a downturn in silver-related stocks [1] Company Performance - Endeavour Silver (EXK.US) saw a decline of over 2.9% [1] - First Majestic Silver (AG.US) decreased by more than 2.8% [1] - New Pacific Metals (NEWP.US) fell nearly 5% [1] - Silvercorp Metals (SVM.US) dropped over 1.2% [1] - Dolly Varden Silver (DVS.US) experienced a decline of over 1% [1]