Posts filed under “Gold & Precious Metals”

Gold Performance & Rate Increases?

Interesting few examples from the past showing Gold benefitting from rate increases, as per a report by HSBC’s FX strategist, David Bloom.

A few caveats: Rate increases typically occurred during periods of elevated inflation, and during currency fluctuation, especially a weak dollar. At present, we have deflation, and the dollar is at 12 year highs. Traders are urged to be careful drawing any conclusions from any one single variable.

Except for 2004, it looks like the Fed follows gold, and not vice versa.

 


Source: Reformed Broker

Category: Fixed Income/Interest Rates, Gold & Precious Metals

The Golden Dilemma

Category: Gold & Precious Metals, Think Tank

What Are The Reasons to Own Gold Miners?

Bloomberg View Columnist Barry Ritholtz discusses the price of gold. He speaks on “Market Makers.”

Category: Gold & Precious Metals, Really, really bad calls, Video

Gold Miners Are No Longer a Proxy for the Metal

Let’s say this right up front: The SPDR Gold Shares Trust exchange-traded fund has killed the shares of the gold miners. For a few years now, I have been very skeptical about gold’s value as an investment (this may seem excessive, but see this, this, this, this,this, this, this, this, this, this and of course this). The primary reason for this is straightforward: Gold is bought…Read More

Category: ETFs, Gold & Precious Metals, Investing, Really, really bad calls

How Cheap Are the Gold Miners?

  “A gold mine is a hole in the ground with a liar standing on top of it.” – unverified quote attributed to Mark Twain   A few weeks ago, we discussed how gold can’t seem to catch a break. Despite a parade of potential market-roiling news, the reaction of the shiny yellow metal has been one of benign indifference. After Federal…Read More

Category: Data Analysis, Gold & Precious Metals, Valuation

Gold Can’t Find a Bid

This was the week Greece inched closest to chaos, as a bank holiday and a technical default caused markets around the world to erupt in turmoil. They recovered somewhat Tuesday, and futures looked stronger Wednesday morning, but on Monday, the NASDAQ Composite Index lost 2.4 percent, the Standard & Poor’s 500 Index lost 2.09 percent and the…Read More

Category: Gold & Precious Metals, Really, really bad calls, Trading

Thar’s Gold in Them Thar Hills!

  No more calls, we have a winner:   All this time I’ve been saying Goldbugs are full of shit when in fact it was the other way around. Gold in Feces?http://t.co/7hoOBag5yG — Barry Ritholtz (@ritholtz) March 24, 2015  

Category: Gold & Precious Metals, Humor, Web/Tech

Gold Narrative Has Just Not Worked

Category: Cognitive Foibles, Gold & Precious Metals, Media, Really, really bad calls

Gold Turns Negative Year-to-Date; Stocks to Follow

Equity markets started off this year by falling. They rallied in February, working their way back into the green. The Standard & Poor’s 500 Index now is up about 1 percent for the year. Gold has traveled the opposite path: The yellow metal began at about $1,175 an ounce. By Jan. 23, it had rallied…Read More

Category: Cognitive Foibles, Gold & Precious Metals, Really, really bad calls, Trading

A Brief History of Financial Engineering

Killer slice of history from Bloomberg Business:   click for utterly ginormous infographic Source: Bloomberg Business

Category: Derivatives, Digital Media, ETFs, Gold & Precious Metals, Quantitative