by Simon White | Aug 8, 2019 | Uncategorized
Low real interest rates and geopolitical uncertainty have helped fuel gold to being the best performing currency this year, returning over 10% against the USD. While we think gold remains a good investment in the current environment, we re-iterate our idea from our...
by David Hill | Dec 7, 2018 | Global Economy, Uncategorized
Gold has been in a narrow range since mid-August, and is down about 6% YTD in USD terms. It has had several opportunities to sell off more given a hawkish Fed, a rising USD and speculators going net short, but tellingly it has remained quite well supported. Today...
by Bill | Jan 13, 2017 | Uncategorized
(from our Tactical report of 10th January 2017) The major sell-off in gold in 4Q16 offers a great tactical entry to buy gold. Gold has seen significant outflows over the past 3 months: Also January is a seasonally strong month for gold: The macro picture also remains...
by Bill | Oct 21, 2016 | Tactical
(from our Tactical of 11th October 2016) Goldminers have a notoriously high beta to the price of gold, and they didn’t disappoint last week, with the GDX dropping 13% vs down 4.5% for gold. However, we have had a technical divergence buy signal for the GDX (chart...
by Bill | Dec 16, 2015 | Tactical
Over the past three weeks we have had two rare buy signals on gold. Previous buy signals have returned 5-10% over the next month. The signal is a measure of selling or buying exhaustion. The returns are very good, and while not every single signal works, the odds are...
by Bill | Jun 11, 2012 | Monetary Policy, US Economy
The US CPI is currently just above target at 2.3%, and long-term market expectations of inflation measured by the US inflation swap curve remains mid-range. This is in stark contrast to all-time lows in nominal treasury yields which appear to be pricing in almost the...
