The massive COVID stimuli and the Ukraine war have brought inflation that most of us have never experienced. The price of money, interest rates, have gone up aggressively since last year. I did underestimate the inflation shoot up as the FED but there are a few things we need...
I have focused most of my stock market comments on the US stock market. Why? Since the GFC of 2008 which originated in the USA; money managers and investors had to do one choice. Allocate 100% of their equity exposure to the US stock market, in particular to the Nasdaq...
Richard Werner (Princes of the Yen and...) is always on the top of my list. Take your time (less than 30 min) because it will help you get a clearer picture. One thought popped in my mind while watching. Could ultra low/negative interest rates policies induce a negative loop when...
Back in July and August 2020, I had published updates on the yellow metal since Silver had broken an important resistance. Here is an update of GOLD/ZROZ (US treasury 30 year zero coupon bonds) or..future long term cash! (Above chart) GDX (Gold Miners)/ZROZ. Precious metal investors (Gold Bugs) have been a bit...
The two charts are a just an illustration over time of how I best view the principal driving forces behind the markets. What matters here, are the proportions and their respective empirical evolution. It varies countries from countries but since we all use the same monetary/economic system, the trip is...
SGG is exposed to the precious metal complex (Metal & Mining). Here is just an update from basically one year ago which has some importance. GOLD & SILVER ratio against future cash have broken some important level. SILVER ratio against the US Zero coupon bond Here GOLD ratio. Still waiting for a...
Dear reader, SGG has returned 0.63% in June and is at a all time high. SGG is mostly composed of ETFs and follows an absolute return strategy. Just register if you want to be timely informed of portfolio changes.
A few years ago, ex Brazilian President Dilma Rousseff was impeached due to "fiscal crimes". History seems to rhyme and it looks like COVID 19 has induced an important shift similar to what she did. I doubt that anyone will be really held accountable as her in the future...
Our dear friend J.Powell did say a few interesting things: "We’re not focused on moving asset prices in a particular direction at all, it’s just we want markets to be working and partly as a result of what we’ve done, they are working." We are not looking to achieve a particular...
I trust that you have seen quite a few comments and charts in regards to the yield curve. Inverted yield curves have been an interesting indicator of potential recession but should you use that for equities allocation? SGG goes a little deeper and here are a few charts to get...
