| Katusa's Investment Insights |
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One metal just made 40 new all-time highs while America slept By Marin Katusa |
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| The gold market just delivered a December surprise that made veteran traders raise eyebrows.
For the first time since 2019, December flows turned positive, pumping $778 million into gold ETFs globally.
Let me show you why this divergence might be the most important gold story you'll read this month.
The Numbers That Matter
Gold smashed all-time highs 40 times in 2024, pushing global ETF assets to a staggering $289.1 billion as of Jan 24, 2025.
That was a screaming signal that something big is brewing in the gold market.
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China's appetite for gold has turned voracious.
Their ETF inflows hit $635 million in December alone, as Beijing grapples with plummeting bond yields and whispers of a potential trade war with the US.
The Chinese are stockpiling a lot of gold. When Chinese funds move with this kind of coordination, smart investors pay attention. For example, the Huaan Yifu Gold ETF added $189.7 million, while Bosera Gold ETF piled in another $116.4 million. |
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But it's not just China.
The entire Asian region is gorging on gold, pulling in $751 million last month. India's seen eight straight months of inflows, while Japan's Physical Gold ETF quietly added $51.4 million in December.
This is systematic accumulation. |
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America’s Gold Hangover
After a five-month buying spree, US investors pulled back $329.9 million in December.
The SPDR Gold Shares ETF (GLD) led the exodus, shedding $496.5 million. Why? The Fed's hawkish tone about 2025 rate cuts spooked the market.
But here's what analysts are missing… Despite December's outflow, North American funds logged their first positive annual flow since 2020. This indicates that the smart money isn't leaving gold, it's repositioning. And trading volumes tell an equally compelling story.
While December saw a seasonal dip to $221 billion per day… 2024's overall trading volume skyrocketed 39% compared to 2023 - the highest on record. More importantly, money manager net long positions averaged 555 tonnes in 2024, dwarfing 2023's 289 tonnes. That's the highest since 2011's gold bull run.
The Technical Setup Is Equally Bullish...
Gold's technical signals remain strong despite December dips.
After three years stuck below $1,350, gold surged 50% in just 14 months to $2,038 - and now the technicals suggest this rally is just beginning. |
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But the story doesn’t end there. From August 2020 to March 2024, gold faced another challenge, stuck below $2,050 for almost four years. When it finally broke this resistance, gold surged another 32%.
Tariffs, bureaucratic changes, and economic uncertainty are here. Not to mention, more money flowing into gold investments.
Gold buzz sawed through January on its way to setting even higher weekly and monthly records.
The big question is: How high can it go?
Another monthly close above this level could trigger a technical breakout that sends gold exploring new highs.
Three key factors are driving the gold price right now: Trump's Executive Orders/Tariffs. Major central banks starting their easing cycles, with the ECB likely to move first. Gold's strongest price performance since 2010, suggesting the dawn of a new bull cycle. But here's the real opportunity: While Western investors debate the bull and bear cases in gold, Eastern buyers are quietly accumulating physical gold and ETFs. France's Amundi Physical Gold ETC pulled in $374.3 million in December - the largest European inflow - while Switzerland's gold ETFs saw outflows. This rotation from traditional Western gold havens to Asian markets is a structural change in global gold demand.
Costco is selling gold in record quantities (and prices).
And Amazon is selling ounces of gold (and even silver) too.
Remember, in the gold market, possession is nine-tenths of the profit.
While the West debates, the East accumulates. And right now, the accumulation signals are flashing bright green.
The question isn't whether to be in gold, but how to position yourself for what could be the biggest gold bull market of the decade. |
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America's “Sleeping Gold Giant” Just Woke Up
$2,800 Gold could be your last chance…
One gold company we’ve identified on high alert in my premium newsletter – Katusa’s Resource Opportunities - previously mined 45 million ounces from this 2-mile stretch since 1878.
But the real monster lies in a million-ounce resource right next door to a producing mine spitting out $100M+ annual cash flow.
Drill results are high-grade and lucrative.
Now, we’re about to get news of a Q2 2025 cash flow study that could expose the next American +100,000 oz/year producer, backed by $300M from a major finance partner.
In addition, this company owns this gold resource which happens to also be a past producer which is on 100% private land, which becomes much easier than permitting on federal lands.
Oh, and the leader of this team sold his previous gold company… for nearly $4 Billion.
He is a legend in the business and working for free—literally not taking a single penny in salary or options.
He has 8.5 million reasons for doing this and is the largest individual shareholder of the company.
Are you paying attention?
Regards,
Marin Katusa |
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