Commodity Roundup: Oil slips on demand concerns, gold steady near $2,500
Oil Prices and Market Trends: Oil prices fell below $71 a barrel due to demand concerns from China, while Russian production neared OPEC+ targets. Morgan Stanley lowered its global oil price forecast amid worries about recession-like demand.
Gold and Other Commodities: Gold prices remained stable as investors awaited U.S. inflation data, with forecasts suggesting potential highs if inflation drops significantly. Meanwhile, copper prices declined amid ongoing weakness in China's property sector, affecting industrial metals markets.
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Sprott Physical Gold Trust Revises Its "At-the-Market" Equity Initiative
Sprott Asset Management Announcement: Sprott Asset Management has updated its at-the-market equity program to issue up to U.S.$2 billion of units for the Sprott Physical Gold Trust, which primarily invests in physical gold bullion.
Sales Agreement Details: The sales will be conducted through a revised sales agreement with various agents, allowing for market price sales on the NYSE and TSX, with specific restrictions on advertising and solicitation in Canada.
Use of Proceeds: Proceeds from the ATM Program will be used to acquire physical gold bullion, aligning with the Trust's investment objectives and operational guidelines.
Forward-Looking Statements: The announcement includes forward-looking statements regarding investor demand and market conditions, with a cautionary note about the inherent risks and uncertainties that could affect the Trust's performance.
3 Popular Gold Funds to Dump Now (and a Top 9% Dividend to Buy Now)
CEF Performance and Investment Strategy: While closed-end funds (CEFs) currently yield a high average of 9.1%, not all CEFs are good investments, particularly gold-related funds which have seen short-term gains but poor long-term performance compared to ETFs like GLD.
Long-Term Investment Recommendations: For long-term investing, CEFs such as the Adams Diversified Equity Fund (ADX) outperform both gold and the S&P 500, offering higher yields and better management, making them a more favorable option than gold investments.
Under Trump’s trade policies, you really can’t own enough of this hot investment
Pax Americana Overview: Since World War II, the United States has established global rules for trade, culture, and power dynamics, collectively known as Pax Americana, which operates through multilateral institutions like NATO and the UN.
U.S. Advantage: The U.S. benefits most from these coordination games, as it sets the rules and maintains the U.S. dollar as the primary currency for international transactions, positioning itself as both a player and the house in this global "casino."
Sprott Physical Gold Trust Updates Its "At-The-Market" Equity Program
Sprott Physical Gold Trust Update: Sprott Asset Management announced an update to its at-the-market equity program, allowing the issuance of an additional US$1 billion in units for investment in physical gold bullion, with distributions governed by a new sales agreement.
Investment Strategy and Risks: The Trust aims to use proceeds from the ATM Program to acquire gold, while highlighting that investments carry risks and past performance is not indicative of future results; detailed information is available in the Offering Documents.
Sprott Physical Gold Trust expands at-the-market equity program by $1 billion
Sprott Physical Gold Trust Update: The Sprott Physical Gold Trust has announced an update to its at-the-market equity program, allowing it to issue an additional $1 billion of units in the U.S. and Canada.
Use of Proceeds: The Trust plans to use the proceeds from this program to acquire physical gold bullion, aligning with its investment objectives and operational restrictions.
Commodity Roundup: Gold set for weekly gain amid geopolitical tensions, crude oil dips
Oil Prices Update: Crude oil prices rose due to easing U.S. tariff concerns and anticipated economic stimulus from China, while Brent prices increased amid OPEC's output plans, although Goldman Sachs warned of potential demand declines affecting future price forecasts.
Natural Gas and Precious Metals Trends: Natural gas prices fell due to high output and expected lower demand; meanwhile, gold prices increased slightly as the U.S. dollar weakened, with other precious metals like platinum and silver experiencing minor declines.
Sprott Physical Gold Trust Revises Its "At-the-Market" Equity Initiative
Sprott Asset Management Announcement: Sprott Asset Management has updated its at-the-market equity program to issue up to U.S.$2 billion of units for the Sprott Physical Gold Trust, which primarily invests in physical gold bullion.
Sales Agreement Details: The sales will be conducted through a revised sales agreement with various agents, allowing for market price sales on the NYSE and TSX, with specific restrictions on advertising and solicitation in Canada.
Use of Proceeds: Proceeds from the ATM Program will be used to acquire physical gold bullion, aligning with the Trust's investment objectives and operational guidelines.
Forward-Looking Statements: The announcement includes forward-looking statements regarding investor demand and market conditions, with a cautionary note about the inherent risks and uncertainties that could affect the Trust's performance.
3 Popular Gold Funds to Dump Now (and a Top 9% Dividend to Buy Now)
CEF Performance and Investment Strategy: While closed-end funds (CEFs) currently yield a high average of 9.1%, not all CEFs are good investments, particularly gold-related funds which have seen short-term gains but poor long-term performance compared to ETFs like GLD.
Long-Term Investment Recommendations: For long-term investing, CEFs such as the Adams Diversified Equity Fund (ADX) outperform both gold and the S&P 500, offering higher yields and better management, making them a more favorable option than gold investments.
Under Trump’s trade policies, you really can’t own enough of this hot investment
Pax Americana Overview: Since World War II, the United States has established global rules for trade, culture, and power dynamics, collectively known as Pax Americana, which operates through multilateral institutions like NATO and the UN.
U.S. Advantage: The U.S. benefits most from these coordination games, as it sets the rules and maintains the U.S. dollar as the primary currency for international transactions, positioning itself as both a player and the house in this global "casino."
Sprott Physical Gold Trust Updates Its "At-The-Market" Equity Program
Sprott Physical Gold Trust Update: Sprott Asset Management announced an update to its at-the-market equity program, allowing the issuance of an additional US$1 billion in units for investment in physical gold bullion, with distributions governed by a new sales agreement.
Investment Strategy and Risks: The Trust aims to use proceeds from the ATM Program to acquire gold, while highlighting that investments carry risks and past performance is not indicative of future results; detailed information is available in the Offering Documents.
Sprott Physical Gold Trust expands at-the-market equity program by $1 billion
Sprott Physical Gold Trust Update: The Sprott Physical Gold Trust has announced an update to its at-the-market equity program, allowing it to issue an additional $1 billion of units in the U.S. and Canada.
Use of Proceeds: The Trust plans to use the proceeds from this program to acquire physical gold bullion, aligning with its investment objectives and operational restrictions.
Commodity Roundup: Gold set for weekly gain amid geopolitical tensions, crude oil dips
Oil Prices Update: Crude oil prices rose due to easing U.S. tariff concerns and anticipated economic stimulus from China, while Brent prices increased amid OPEC's output plans, although Goldman Sachs warned of potential demand declines affecting future price forecasts.
Natural Gas and Precious Metals Trends: Natural gas prices fell due to high output and expected lower demand; meanwhile, gold prices increased slightly as the U.S. dollar weakened, with other precious metals like platinum and silver experiencing minor declines.
