GOLD
Is the case for holding gold still intact?
Central bank buying, ETF money, real yields and US public finances. Every morning this site checks the premises behind the gold price against primary data and picks out only what has changed. It is not a place to watch prices or forecasts, but a place to notice when the premises shift.
Tailwinds and headwinds for gold
Each indicator is judged by whether a rise is good or bad for gold, and by its current move (change over 3 months, or position in the past 3 years).
Judgement and reasons by indicator →Falsification panel
Signs that the case for holding gold is breaking down. Three or more lit triggers a warning at the top of the page. Not a trading signal, but a prompt to recheck the premises.
Change points
Latest value in the top or bottom 10% of the past 3 years, or a change larger than 2σ. "New" marks those first detected in the last 3 days.
Recent report reviews
New reports from the WGC, FOMC and others, checked for how claims match evidence, gaps in logic and consistency with this site's indicators.
All report reviews →