The Daily Brief

Watch Adrian Day’s Metals Investor Forum presentation, with GoldNotes context on the Scotiabank valuation chart, forecast assumptions and report access.

Watch Sprott Money’s Andrew Sleigh interview, with GoldNotes context on physical-metal demand, monetary risks and the limits of crisis forecasts.

GoldNotes reviews the Japan gold-replacement video: designer alloys, bonding wire, seafloor discoveries, recycling and why industrial substitution is not cheap synthetic bullion.

Andrew Fraser’s Philippine Sea gold video becomes a GoldNotes supply-chain brief on underwater compressor mining, mercury exposure and artisanal gold formalization risk.

GoldNotes refreshes the July sound-money draft with July 17 LBMA pricing, July 14 CFTC gold positioning, Fed balance-sheet context and World Gold Council demand data.

A Jay Martin video becomes a source-backed map of Turkey, gold, Treasuries, oil pressure and what happens when reserves become fuel.

A foundational GoldNotes guide to the real mechanics behind the gold price: spot, futures, London OTC, ETFs, central banks, real yields, paper exposure, and physical metal.

GoldNotes summary of Deutsche Bank Research Institute’s April 2026 report arguing that emerging-market central bank gold buying, geopolitics, and reserve diversification are reshaping gold and the dollar.

Gold futures hit $4,713/oz today — up nearly 4% in a single session, driven by the Strait of Hormuz closure, central bank accumulation, and real interest rate dynamics. We examine the forces behind the historic rally and what investors should make of it now.

Silver futures surged 7.47% today to $75.495/oz — a new all-time high that decisively breaks the previous record set in 1980. With a gold/silver ratio of ~62:1, surging industrial demand from solar, EVs, and electronics, and structural supply constraints, silver's historic re-rating is underway.

At $4,709 gold, marginal projects from two years ago are now highly economic — and major producers need to acquire rather than explore. We break down the leverage mechanics of junior mining stocks, the current financing environment, and the key risks every resource investor must understand before jumping in.