Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

Commodities

<ul><li>Gold price has rallied to new highs, but market cap of US's biggest gold ETF has shrunk</li><li>Push higher driven by quick money inflows, fundamental/ETF inflows, safe haven bid, technical drivers, FOMO</li><li>Physical demand from central banks and Chinese retail buyers has been strong, but recent rally seems driven by financial quick money inflows</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Gold price has rallied to new highs, but market cap of US's biggest gold ETF has shrunkPush higher driven by quick money inflows, fundamental/ETF inflows, safe haven bid, technical drivers, FOMOPhysical demand from central banks and Chinese retail buyers has been strong, but recent rally seems driven by financial quick money inflowsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities: Gold Rushes to Record Highs

Global Multi-Asset Investment Strategist, True Insights

Jeroen Blokland

Global Multi-Asset Investment Strategist

Build Well-Diversified Multi-Asset Portfolios

True Insights

Our research helps investors build well-diversified multi-asset portfolios and profit from market developments. In addition, our unique and proven Macro – Sentiment – Valuation (MSV) investment framework ensures a consistent flow of new investment opportunities. Together with our market views, these opportunities will be reflected in our live ETF-based Global Multi-Asset Portfolios.

Cross Asset Strategy

<ul>
<li>Bitcoin AND gold made new all-time highs, which is by no means a coincidence. Gold’s market cap is now over USD 16 trillion, which is important for two reasons.</li>
<li>The Fed has multiple reasons to cut rates even though GDP growth is resilient, including bank defaults, the commercial real estate crisis, and evaporating liquidity.</li>
<li>The ECB should cut rates, too; it runs the risk of getting in on the action too late.</li>
</ul>


Bitcoin AND gold made new all-time highs, which is by no means a coincidence. Gold’s market cap is now over USD 16 trillion, which is important for two reasons.
The Fed has multiple reasons to cut rates even though GDP growth is resilient, including bank defaults, the commercial real estate crisis, and evaporating liquidity.
The ECB should cut rates, too; it runs the risk of getting in on the action too late.


The Weekly Market Monitor – These Two All-Time Highs Are No Coincidence!

Asia biased macro & technical analysis, Untying The Gordian Knot

Untying The Gordian Knot

Asia biased macro & technical analysis

A differentiated process with a primary focus on Asia. Technical Analysis as core and Macro drivers that could bring the view to fruition & changes that could make the idea fall apart. The objective is to be the best in class, hence corner shop.

<ul><li>Gold and Silver have remained unresponsive to lower rates, escalating geopolitical risks and higher China and India seasonal demand.</li><li>Notably, early February saw the emergence of two contrarian signals that merited closer attention.</li><li>While these signals are not foolproof market timing tools, they warrant attention when they align with technical support levels within an established consolidation pattern.</li></ul>

Gold and Silver have remained unresponsive to lower rates, escalating geopolitical risks and higher China and India seasonal demand.Notably, early February saw the emergence of two contrarian signals that merited closer attention.While these signals are not foolproof market timing tools, they warrant attention when they align with technical support levels within an established consolidation pattern.

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>The number of risk-on signals continues to grow, while risk-off signals remain virtually non-existent. We will be sure to point it out when this dynamic starts to change</li>
<li>In the meantime, we want to continue riding this bull market higher, and our bullish outlook on the S&amp;P 500, Russell 2000, and Nasdaq 100 (since early-November 2023) remains intact.</li>
<li>Gold is breaking out of a 3.5-year base to all-time closing highs -- buy. Silver is breaking out above a 3-month base at $23.50. Fueled by toppy DXY and rates</li>
</ul>


The number of risk-on signals continues to grow, while risk-off signals remain virtually non-existent. We will be sure to point it out when this dynamic starts to change
In the meantime, we want to continue riding this bull market higher, and our bullish outlook on the S&amp;P 500, Russell 2000, and Nasdaq 100 (since early-November 2023) remains intact.
Gold is breaking out of a 3.5-year base to all-time closing highs -- buy. Silver is breaking out above a 3-month base at $23.50. Fueled by toppy DXY and rates


Gold Breaking Out Above 3.5-Year Resistance as the U.S. Dollar (DXY) And Treasury Yields Roll Over

Research from Atrium Research, Atrium Research Corporation

Atrium Research

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

<ul>
<li>Gold held flat in February, continuing a long period of consolidation, and most other metals were down modestly.</li>
<li>The precious metal equities further sold off in February, compounding the losses in January, highlighting to the market this industry is still out of favour.</li>
<li>We had several significant updates from companies within our coverage.</li>
</ul>


Gold held flat in February, continuing a long period of consolidation, and most other metals were down modestly.
The precious metal equities further sold off in February, compounding the losses in January, highlighting to the market this industry is still out of favour.
We had several significant updates from companies within our coverage.


United States

Gold is a chemical element with the symbol Au (from Latin: aurum) and the atomic number 79. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable and ductile metal. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements, and is solid under standard conditions. The metal therefore occurs often in free elemental (native) form, as nuggets or grains, in rocks, in veins and in alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum) and also naturally alloyed with copper and palladium. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides).

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Gold (GOLD COMDTY)

Global Commodities: Gold Rushes to Record Highs

Gold prices have reached new highs, but the market capitalization of the largest US gold ETF has decreased, as investors have been selling gold...

At Any Rate

The Weekly Market Monitor – These Two All-Time Highs Are No Coincidence!

Forget the macro data for a moment. This week was all about central banks opening the door to policy easing and scarce assets recording new all...

Jeroen Blokland

Silver: Is a Breakout Imminent?

Gold and Silver have remained unresponsive to lower rates, escalating geopolitical risks and higher China and India seasonal demand.

Untying The Gordian Knot

Gold Breaking Out Above 3.5-Year Resistance as the U.S. Dollar (DXY) And Treasury Yields Roll Over

Gold $GLD $GC_F Breaking Out Above 3.5-Year Resistance as $DXY and Treasury Yields Roll Over $TNX $TYX; Seeing More Risk-On Signals, Not Less....

Vermilion Research

Mining Monthly: February Edition

The precious metal equities further sold off in February, compounding the losses in January, highlighting to the market this industry is still out...

Atrium Research

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