In today’s briefing:
- Asia Gold Mining 2026–27: Pricing the AMMN Exit & The BRMS Proxy Pivot
- US: Economic Policy Goes on the Naughty List in 2025
Asia Gold Mining 2026–27: Pricing the AMMN Exit & The BRMS Proxy Pivot
- MVGDX concentrates in North America and silver duration, shrinking Asia to ~3% based on liquidity and replication discipline.
- AMMN breaches gold-purity retention thresholds, signalling likely removal in 2026 and passive outflows.
- BRMS remains the only credible Indonesian gold-pure substitute; Zijin inclusion unlikely before Q3-2027 due to float constraints.
US: Economic Policy Goes on the Naughty List in 2025
- The U.S. market will experience increased turbulence in 2026 as the Federal Reserve continues to ease monetary policy and inflationary pressures intensify. Speculative market sectors are already under pressure.
- There is a disconnect between the Administration’s claims about lowering prices and consumers’ concerns about affordability. The disconnect is driven by inaccurate BLS inflation numbers that are greatly understated.
- The FOMC shows a historic split in the course of Fed actions through 2026, which will continue to unsettle markets regardless of who the next Fed Chairman is.
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