gold, page-93912

Gold stock sentiment indicator.
Interesting debates around availability, allocation, unallocated, etc.
I know of people having to join the queue at Perth Mint for allocated.
The only reason to go to 1oz is because of the massive premiums.
Not sure about the US mint in this article as they do not do retail.
https://goldseek.com/article/when-unallocated-becomes-unavailable
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Rotation from growth to value continues.
Bond market jitters still there.
USD getting a safe haven bid.
Saw a report that stated money managers (pensions etc) are going to produce a surge in bond buying because rebalancing means the value of current bond holdings has fallen therefore they will need to top up with more bonds to maintain the 'appropriate' balance. WTF. I guess so if everything is on autopilot.
Here is another doozy. Are financial reporters deliberately misleading or total FW's?
Here is the headline.

And here is one of the statements.
Factories ramped up output at the fastest monthly pace in over 23 years,
And another statement.
IHS Markit’s flash composite PMI, seen as a good guide to economic health, bounced above the 50 mark separating growth from contraction, to 52.5 in March compared to February’s 48.8, its highest since late 2018.
And to top it off.
A flash PMI covering the euro zone services industry rose to 48.8 from February’s 45.7, still in contractionary territory but its highest reading since August,
Note the use of words like rose and highest while understating the fact it is still falling.
I wonder how many factories have shut down and did not respond?
So I thought I would have a look at the actual numbers. Here they are.

There are three things sending the PMI 'roaring'. Demand, input cost and output price increases. Is was only demand that was the highest in 23 years.
Nice bit of spin. Obviously the US and Asian markets were impressed.
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Gold and producer stocks holding up well. Some of my better performers getting sold off so profit taking still going on.
Sell-off today could be showing that investors tired of waiting for POG to catch up or believe it is not going to.
Some of the down-trodden quality (with resources) slowly picking up. Rebalancing?
Sentiment indicator reflecting this.
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