The Big StoryThe big driver new for Calibre is macro conditions.
There is a melt down in financial markets and geopolitical turmoil driving the price of gold up. Mining shares in the last few trading days are responding with rising share prices.
The United States is continuing to ferment war in the Ukraine and U.S. and European bank share prices are collapsing.
There is a lot of important macro news these days with bank runs and collapse in equity markets and a race to safe haven bond, crypto, and gold.
Gold is just a few dollars shy of $2,000.00 after a huge jump in price over the last week.
Central banks have been accumulating gold. China has continued its surge in gold buying in February.
https://www.zerohedge.com/markets/chinese-gold-demand-continued-surge-februarye
It is not just China but everyone else. The Net Stable Funding Requirements (NSFR) requiring 85% stable funding to back up paper gold futures trading has made it more expensive for the bullion cartel banks to trade on the future markets. As a result futures interest is declining and gold reserves in futures vaults is declining as more delivery of gold is being taken. Physical gold trading is having more influence on the price of gold now.
https://www.zerohedge.com/markets/fed-broke-gundlach-likes-gold-fears-expanding-wars-most
https://www.zerohedge.com/geopolitical/white-house-rejects-cease-fire-ukraine-china-mediation-intensifies