About this publication
Independent gold market intelligence, written from Dubai.
Bullion Note publishes market analysis for physical gold operators, dealers, and investors who carry real exposure to the gold market. The writing is grounded in a Dubai perspective — one of the world's most active hubs for physical gold flow — and oriented toward decision support.
I write Bullion Note from Dubai, where I've worked within the gold-dealing context — close to where physical metal actually moves, in a market that connects Asian demand, Middle Eastern distribution, and Western pricing benchmarks.
My background is practical. I've helped coordinate pricing decisions on recurring physical gold flow and worked with clients carrying meaningful physical exposure to the market. That proximity — watching how operators think about timing, premium levels, and supply conditions day to day — shapes the analysis here in ways that purely top-down macro reading doesn't capture.
Most gold analysis is written for generalists or commodity funds. Bullion Note is written for people already in the market: operators, dealers, and serious investors who need a sharper read on what's happening and what it means for their decisions.
What you'll read here
Weekly market outlook
A read on gold's key dynamics each week — price action, central bank activity, macro context, and what to watch heading into the following week.
Physical flow notes
Analysis of the physical market: premiums, supply tightness, demand shifts, and what's moving in the Dubai and wider Asian and Middle Eastern corridor.
Post-event breakdowns
After major macro events — rate decisions, significant geopolitical developments, key data releases — a focused note on what it means for gold specifically.
Decision-support reads
Longer pieces on market timing conditions, physical availability, and flow dynamics — written for operators and investors with meaningful physical exposure.
Private Advisory
For operators with meaningful physical exposure.
Alongside the publication, I work privately with a small number of clients on a consultation basis — providing market interpretation and decision support for those with significant physical gold exposure. Available by application — not open enrollment.
Request a conversation →Applications reviewed on a rolling basis.
Start with the free analysis.
Weekly market outlooks, physical flow notes, and decision-support reads — delivered to your inbox.