Good Reads
Flows shift from flood to trickle
Gold-backed ETFs and similar products account for a significant part of the gold market, with institutional and individual investors using them to implement many of their investment strategies. Flows in ETFs often highlight short-term and long-term opinions and desires to holding gold. The data on this page tracks gold held in physical form by open-ended ETFs and other products such as close-end funds, and mutual funds. Most funds included in this list are fully backed by physical gold. Read on »
Warsh’s Concerning Interest in Redefining “Inflation”
As Kevin Warsh takes over as chair of the Federal Reserve, investors and financial media outlets are looking closely for any hints at how his appointment will impact monetary policy. One series of comments Warsh made while testifying to Congress back in April as a nominee has been getting more attention in recent weeks, following some high inflation reports. Essentially, Warsh signaled that he believed in focusing primarily on inflation data from core or even trimmed price indexes. Read on »
AI may not be the demand booster copper bulls expect
From the Bronze Age to the AI age, copper is again at the heart of the latest big investment craze. The rationale is simple. Data centers need a lot of wiring, cooling and power, which means they need a lot of copper. AI data centers need even more. A crypto data center requires 21 metric tons of copper per megawatt installed, while an AI training data center in China has a copper intensity of 47 tons, according to S&P Global Market Intelligence. The escalating global AI arms race will undoubtedly boost demand for copper. But by how much? Read on »
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