One of the major gold market indicators experienced a major shift in 2017. If we look at this gold indicator over the past several years, this recent trend reversal suggests something has fundamentally changed in the gold market… and in a BIG WAY.

According to the World Gold Council, global gold scrap supply declined significantly during the first half of 2017 even though the price of gold increased. Global gold scrap supply plunged to 563 metric tons (mt) in the first half of 2017 compared to 702 mt during the same period last year:

Now, what is interesting about this decline in gold scrap supply is that it took place even though the gold price increased to $1,238 versus $1,221 during the same period last year. Normally, gold scrap supply increases with price. This actually took place when the price ... Read more »