About Gold
@redwardassociates.skystack.xyz
In a world where investors are becoming increasingly sceptical of fiat money, gold is re-emerging as a pre-eminent store of wealth. ...
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Discover more/Create at: @skystack.xyz
Precious metals take a hit. • Precious metals take a drubbing on news that Kevin Warsh might be made Fed Chair, but the shake-out is not surprising given the extreme level of volatility and is likely to prove a buying opportunity.
Precious metals take a hit.
Precious metals take a drubbing on news that Kevin Warsh might be made Fed Chair, but the shake-out is not surprising given the extreme level of volatility and is likely to prove a buying opportunity.
redwardassociates.substack.com
January 30, 2026 at 11:32 AM
Precious metals take a hit. • Precious metals take a drubbing on news that Kevin Warsh might be made Fed Chair, but the shake-out is not surprising given the extreme level of volatility and is likely to prove a buying opportunity.
The sliding US dollar and precious metals. • The US dollar comes under further pressure as President Trump green-lights weakness, placing upward pressure on precious metals.
The sliding US dollar and precious metals.
The US dollar comes under further pressure as President Trump green-lights weakness, placing upward pressure on precious metals.
redwardassociates.substack.com
January 28, 2026 at 8:32 AM
The sliding US dollar and precious metals. • The US dollar comes under further pressure as President Trump green-lights weakness, placing upward pressure on precious metals.
Gold-backed ETF demand surges. • The WGC report gold-backed ETF holdings surged 74.8t in the three weeks to the 23rd of January, while I estimate holdings increased 64.8t in the past two days, highlighting robust investor demand.
Gold-backed ETF demand surges.
The WGC report gold-backed ETF holdings surged 74.8t in the three weeks to the 23rd of January, while I estimate holdings increased 64.8t in the past two days, highlighting robust investor demand.
redwardassociates.substack.com
January 27, 2026 at 5:33 AM
Gold-backed ETF demand surges. • The WGC report gold-backed ETF holdings surged 74.8t in the three weeks to the 23rd of January, while I estimate holdings increased 64.8t in the past two days, highlighting robust investor demand.
Mined gold output appears to be reaching a plateau. • Rising prices are incentivizing capacity utilization, prospecting, and investment, but increased output is constrained by existing resource depletion and limited discoveries.
Mined gold output appears to be reaching a plateau.
Rising prices are incentivizing capacity utilization, prospecting, and investment, but increased output is constrained by existing resource depletion and limited discoveries.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
Mined gold output appears to be reaching a plateau. • Rising prices are incentivizing capacity utilization, prospecting, and investment, but increased output is constrained by existing resource depletion and limited discoveries.
Platinum shrugs off weak Chinese imports. • Chinese imports in December tumbled 32.9% relative to the same month in 2024 yet platinum is breaking through an ascending triangle and looks set to extend gains.
Platinum shrugs off weak Chinese imports.
Chinese imports in December tumbled 32.9% relative to the same month in 2024 yet platinum is breaking through an ascending triangle and looks set to extend gains.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
Platinum shrugs off weak Chinese imports. • Chinese imports in December tumbled 32.9% relative to the same month in 2024 yet platinum is breaking through an ascending triangle and looks set to extend gains.
Platinum poised to break higher? • Platinum has recently faced several headwinds leading it to fall into silver's shadow, but I think the metal is now heading for a breakout towards USD 3,000/oz.
Platinum poised to break higher?
Platinum has recently faced several headwinds leading it to fall into silver's shadow, but I think the metal is now heading for a breakout towards USD 3,000/oz.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
Platinum poised to break higher? • Platinum has recently faced several headwinds leading it to fall into silver's shadow, but I think the metal is now heading for a breakout towards USD 3,000/oz.
The vulnerable dollar. • The US has managed to fund a large external imbalance due to its perceived exceptionalism. With this now much diminished, the US dollar looks set to undergo a long and slow slide lower.
The vulnerable dollar.
The US has managed to fund a large external imbalance due to its perceived exceptionalism. With this now much diminished, the US dollar looks set to undergo a long and slow slide lower.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
The vulnerable dollar. • The US has managed to fund a large external imbalance due to its perceived exceptionalism. With this now much diminished, the US dollar looks set to undergo a long and slow slide lower.
Further opportunities in silver volatility. • The extreme level of implied volatility and option skew opens up attractive opportunities for silver option investments.
Further opportunities in silver volatility.
The extreme level of implied volatility and option skew opens up attractive opportunities for silver option investments.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
Further opportunities in silver volatility. • The extreme level of implied volatility and option skew opens up attractive opportunities for silver option investments.
Revisiting reasons to own gold. • In a day of turmoil, gold posts a fresh all-time high, but the value of gold extends beyond its store of value/performance in a crisis role as the ultimate form of 'money'.
Revisiting reasons to own gold.
In a day of turmoil, gold posts a fresh all-time high, but the value of gold extends beyond its store of value/performance in a crisis role as the ultimate form of 'money'.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
Revisiting reasons to own gold. • In a day of turmoil, gold posts a fresh all-time high, but the value of gold extends beyond its store of value/performance in a crisis role as the ultimate form of 'money'.
Gold vault holdings in London rise. • Holdings in the loco London market increased 402.3t last year, to 9,106.4t, driven by increased private holdings of physical bar and coin.
Gold vault holdings in London rise.
Holdings in the loco London market increased 402.3t last year, to 9,106.4t, driven by increased private holdings of physical bar and coin.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
Gold vault holdings in London rise. • Holdings in the loco London market increased 402.3t last year, to 9,106.4t, driven by increased private holdings of physical bar and coin.
Gold's bull market remains firmly intact. • Limited accretion to supply amid robust investor demand, driven by elevated economic/economic policy uncertainty, looks set to keep gold in a bull market in 2026.
Gold's bull market remains firmly intact.
Limited accretion to supply amid robust investor demand, driven by elevated economic/economic policy uncertainty, looks set to keep gold in a bull market in 2026.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
Gold's bull market remains firmly intact. • Limited accretion to supply amid robust investor demand, driven by elevated economic/economic policy uncertainty, looks set to keep gold in a bull market in 2026.
A deep dive into the US labor market: What's going on? • The Federal Reserve is too optimistic about the US labor market. Labor market conditions are softening and wage pressures easing, placing downward pressure on core inflation & the Federal Funds rate.
A deep dive into the US labor market: What's going on?
The Federal Reserve is too optimistic about the US labor market. Labor market conditions are softening and wage pressures easing, placing downward pressure on core inflation & the Federal Funds rate.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
A deep dive into the US labor market: What's going on? • The Federal Reserve is too optimistic about the US labor market. Labor market conditions are softening and wage pressures easing, placing downward pressure on core inflation & the Federal Funds rate.
What's driving the price of platinum higher? • Platinum has exploded 15.5% higher over the past week, but it's not driven by the usual suspects. What it is driven by is a potential game-changer.
What's driving the price of platinum higher?
Platinum has exploded 15.5% higher over the past week, but it's not driven by the usual suspects. What it is driven by is a potential game-changer.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
What's driving the price of platinum higher? • Platinum has exploded 15.5% higher over the past week, but it's not driven by the usual suspects. What it is driven by is a potential game-changer.
Investors continue to accumulate gold. • While gold has taken a back-seat to silver and platinum in recent weeks, investors continue to accumulate the metal, with supply/demand dynamics and global risk metrics supportive.
Investors continue to accumulate gold.
While gold has taken a back-seat to silver and platinum in recent weeks, investors continue to accumulate the metal, with supply/demand dynamics and global risk metrics supportive.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
Investors continue to accumulate gold. • While gold has taken a back-seat to silver and platinum in recent weeks, investors continue to accumulate the metal, with supply/demand dynamics and global risk metrics supportive.
The surge in Silver triggers ETF profit-taking. • The soaring price of silver has prompted investors to liquidate silver-backed ETFs, selling into strength. While I expect the uptrend to be sustained, it looks like we may have reached a local high.
The surge in Silver triggers ETF profit-taking.
The soaring price of silver has prompted investors to liquidate silver-backed ETFs, selling into strength. While I expect the uptrend to be sustained, it looks like we may have reached a local high.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
The surge in Silver triggers ETF profit-taking. • The soaring price of silver has prompted investors to liquidate silver-backed ETFs, selling into strength. While I expect the uptrend to be sustained, it looks like we may have reached a local high.
Silver leads precious metals higher as gold demand softens. • Elevated leasing rates for silver and platinum support their out-performance while gold demand appears to have temporarily softened, consistent with a modest outflow from gold-backed ETFs this week.
Silver leads precious metals higher as gold demand softens.
Elevated leasing rates for silver and platinum support their out-performance while gold demand appears to have temporarily softened, consistent with a modest outflow from gold-backed ETFs this week.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
Silver leads precious metals higher as gold demand softens. • Elevated leasing rates for silver and platinum support their out-performance while gold demand appears to have temporarily softened, consistent with a modest outflow from gold-backed ETFs this week.
What is the Silver options market telling us? • The shape of the volatility surface provides us with some interesting insights, with one investment option standing out.
What is the Silver options market telling us?
The shape of the volatility surface provides us with some interesting insights, with one investment option standing out.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
What is the Silver options market telling us? • The shape of the volatility surface provides us with some interesting insights, with one investment option standing out.
London gold vault holdings continue to rise. • Holdings of gold at the Bank of England fell in November, but this was more-than offset by a sustained lift in private vault holdings, consistent with robust investor demand.
London gold vault holdings continue to rise.
Holdings of gold at the Bank of England fell in November, but this was more-than offset by a sustained lift in private vault holdings, consistent with robust investor demand.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
London gold vault holdings continue to rise. • Holdings of gold at the Bank of England fell in November, but this was more-than offset by a sustained lift in private vault holdings, consistent with robust investor demand.
Chinese gold-backed ETFs; the whale emerges. • Chinese demand for gold-backed ETFs surged in 2025, with holdings increasing 129.4t in the first eleven months, second only to the US.
Chinese gold-backed ETFs; the whale emerges.
Chinese demand for gold-backed ETFs surged in 2025, with holdings increasing 129.4t in the first eleven months, second only to the US.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
Chinese gold-backed ETFs; the whale emerges. • Chinese demand for gold-backed ETFs surged in 2025, with holdings increasing 129.4t in the first eleven months, second only to the US.
Will investors really sell speculative holdings of platinum? • The World Platinum Investment Council's Platinum Quarterly (Q3) argues that investors will liquidate NYMEX exchange holdings and platinum-backed ETFs, but in the current environment is this likely?
Will investors really sell speculative holdings of platinum?
The World Platinum Investment Council's Platinum Quarterly (Q3) argues that investors will liquidate NYMEX exchange holdings and platinum-backed ETFs, but in the current environment is this likely?
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
Will investors really sell speculative holdings of platinum? • The World Platinum Investment Council's Platinum Quarterly (Q3) argues that investors will liquidate NYMEX exchange holdings and platinum-backed ETFs, but in the current environment is this likely?
Silver breaks higher. • Silver smashed through key technical resistance on Friday with scenario analysis suggesting there's plenty of upside.
Silver breaks higher.
Silver smashed through key technical resistance on Friday with scenario analysis suggesting there's plenty of upside.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
Silver breaks higher. • Silver smashed through key technical resistance on Friday with scenario analysis suggesting there's plenty of upside.
Platinum futures launch in China as imports remain robust. • If you think the rally in platinum is all over bar the shouting, you should probably think again.
Platinum futures launch in China as imports remain robust.
If you think the rally in platinum is all over bar the shouting, you should probably think again.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
Platinum futures launch in China as imports remain robust. • If you think the rally in platinum is all over bar the shouting, you should probably think again.
Constrained supply supports a rising gold price. • The elevated price of gold is encouraging supply - not least from recycling - driving up mining costs, but accretion to above-ground stocks remains subdued, supporting the price of gold.
Constrained supply supports a rising gold price.
The elevated price of gold is encouraging supply - not least from recycling - driving up mining costs, but accretion to above-ground stocks remains subdued, supporting the price of gold.
redwardassociates.substack.com
January 25, 2026 at 2:33 PM
Constrained supply supports a rising gold price. • The elevated price of gold is encouraging supply - not least from recycling - driving up mining costs, but accretion to above-ground stocks remains subdued, supporting the price of gold.