The BCOM rebalance is coming and it means $14 billion in selling for gold and silver
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The Bloomberg Commodity Index (BCOM) is set for a significant rebalance, resulting in an estimated $14 billion in selling pressure for gold and silver. Scotiabank reports that $7.1 billion in silver and $7.0 billion in gold will be sold from January 1 to January 14. This rebalancing reflects a strategy of selling winners and buying losers, with precious metals facing downward pressure despite strong fundamentals. Conversely, there is bullish sentiment for Brent and WTI crude, while cocoa is expected to experience volatility as it returns to the index.
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