Market analysis
CPI can change after the trade. Which vintage belongs in the record?
BLS has announced its February 2027 seasonal revision. Preserve the CPI figures available at each decision before evaluating gold analysis.
Gold Intelligence — 11 November 2026
A deeper reading of gold: markets, the holders of metal, practical decisions and the quality of the evidence.
By Gabriel Nicolaev — CyGuru. This collection is separate from the Daily Gold Brief. Publication dates refer to Dubai; each article identifies its own source periods.
Market analysis
3 ARTICLES
Market analysis
Before PPI, identify the buyer before calling it pipeline inflation
Read final demand, intermediate inputs and production stages before interpreting Friday’s PPI release for gold. A supply chain is not a fixed inflation clock.
Market analysis
Bond yields rose. That is not the return a bondholder earned.
Use duration and convexity to distinguish a bond’s yield change from its price return before comparing fixed income with gold.
Official sector & flows
2 ARTICLES
Official sector & flows
Central-bank gold moved vaults. Did total gold demand increase?
Separate reserve relocation, gross gold transactions and net accumulation using DNB’s operation and a new Federal Reserve research note.
Official sector & flows
Gold ETF volume is history. What can your order actually trade?
Assess gold ETF liquidity through the intended order, underlying market and dealer capacity instead of treating yesterday’s share volume as a fill guarantee.
Practical education
3 ARTICLES
Practical education
The gold hedge fixed the dollar price. What fixed the invoice currency?
A gold futures hedge can stabilize a dollar amount while leaving its home-currency value exposed. Size the remaining currency cash flow separately.
Practical education
Gold option skew prices the wings differently. It does not forecast the winner.
Read gold option skew using matched expiries, quotation sides and moneyness. Separate relative insurance prices from a directional probability forecast.
Practical education
A gold trailing stop moved. The original risk denominator did not.
Separate a moving stop trigger from the original risk unit, current giveback and actual execution when reviewing a gold trade or signal.
Research methods
2 ARTICLES
Research methods
Your gold model learns every week. Did the test use the same calendar?
Design a gold-model test around its actual retraining schedule, available labels and deployment time, rather than silently refitting before every observation.
Research methods
The gold signal mix changed. Did the model weaken—or did the sample change?
Investigate a changing gold-signal population by separating input mix, outcome relationships and data-pipeline changes before declaring a new market regime.