Peter Boockvar

In agreement on the commodity bull market. https://t.co/denzlYbrH8

Still a bull on commodities https://t.co/pVkli5DaMc

Central bank gold buying remained strong in Q2. Gold market shows resilience as price momentum cools in Q2 | World Gold Council https://t.co/cRAOU20KbY

Central bank gold buying remained strong in Q2. Gold market shows resilience as price momentum cools in Q2 | World Gold Council https://t.co/cRAOU20KbY

@UrbanKaoboy There is always some portion of retail that provides a steady demand for physical, particularly those that buy coins too. That said, I've never seen such institutional apathy and disgust for an asset class, that currently being gold, especially the gold miners.

@UrbanKaoboy Not so sure, GLD gold holdings (chart below) have been falling for the past few yrs and sit at the lowest level since August 2019. A contrarian would be buying this. With regards to CBs, I've only seen a voracious appetite from them over the past few years. https://t.co/M1flsDr4jH

@UrbanKaoboy Not so sure, GLD gold holdings (chart below) have been falling for the past few yrs and sit at the lowest level since August 2019. A contrarian would be buying this. With regards to CBs, I've only seen a voracious appetite from them over the past few years. https://t.co/M1flsDr4jH

Bottom line, the demand for physical gold, whether via central bank demand, jewelry and coins/bars, is solid but paper demand, via ETF's and futures remains weak. As for the supply of gold, it rose just 1% y/o/y. I remain a wounded bull.

but investment demand was weaker by 47% y/o/y "reflecting weak sentiment among some investor segments." The investment demand for physical gold was pretty strong, rising 36% for bars and coins but was offset by outflows from ETFs.

Gold price to double as Fed kicks off tightening and economy flatlines - YouTube Thanks ⁦@KitcoNewsNOW⁩ ⁦@MichelleMakori⁩ https://t.co/6u5AeiF9pf