Trick or Trend: Does the Fed’s caution on interest rate increases in 2019 mean gold is coming back?
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Friday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. Gold futures...
Notes You Need for September 28: Inflation, Italy budget woes, Intel capital spending, Tesla CEO Musk charged by SEC, House adjoins with no farm bill, Facebook hacked, GOLD, sports betting
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...
Barrick buys Randgold as rumored, no premium in all stock deal
Gold mining is a depressed sector so maybe it shouldn't come as a surprise that Barrick Gold's (ABX) acquisition of Randgold Resources (GOLD) didn't come with any premium. The all-stock deal valued Randgold at $6.5 billion, approximately its market capitalization...
Notes You Need for September 5: China services, lithium stocks, rig count, Randgold, Nvidia
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...
Randgold increases production, misses estimates on continued low price of gold
I'm on vacation through August 26. I'm using this downtime to post on some of the earnings results that I missed during the very busy second quarter earnings season. The relentless downward trend in the price of gold took a big bite out of shares of Randgold Resources...
Buying new cobalt player Wheaton Precious Metals in my Volatility Portfolio
Yesterday in Part 3 of my Special Report on "Investing in a Late Cycle Market" I made Wheaton Precious Metals (WPM) one of my "musical chairs" picks. Please note that I could have argued for buying this stock on its exposure to silver and gold. (Gold and silver will...
Here we go again on the euro: The bad news is that Italy’s financial crisis is political
The good news is that the European Central Bank, thanks to the global financial crisis and the Greek debt crisis, has mechanisms in place to support Italian bonds, Italian banks, and the Italian financial system. The bad news is that an Italian government has to ask for that help after swearing to be fiscally responsible. At the moment there is, once again, no Italian government. A bid by the populist parties that came in ahead of the field in the latest election was rejected by Italy’s president. And these parties aren’t likely to meet the European Central Bank’s requirements for help.
Trick or trend: Safe haven, safe haven. Who’s got the safe haven
The unexpected weakness in the normally safe-haven Swiss franc indicates just how uncertain long-term market “truths” have become. What is a safe haven now?
Notes You Need for April 13: Google and right to be forgotten, Amazon, BA, rig count, Uber, USPS, NFLX, gold ETFs
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. This item from today is a representative example of an entry: “This morning the Trump administration issued an executive order setting up a task force to examine the operations and finances of the U.S. Postal Service. Section 3 says “The Task Force shall conduct a thorough evaluation of the operations and finances of the USPS, including:  (i)   the expansion and pricing of the package delivery market and the USPS’s role in competitive markets.” Think that could mean Amazon’s (AMZN) contract for package delivery?”
Goldman Sachs turns bullish on gold
Goldman Sachs has turned positive on gold for the first time in five years. Â “Our commodities team believes that the dislocation between the gold prices and U.S. rates is here to say,” Goldman Sachs says. Drivers for higher gold prices include signs of an uptick in inflation and increased risk in equity markets.
Cracking the nutty asset correlations of this market
This morning provided a great example of how confusing and complicated correlations among asset classes are in the current market.Stocks rallied with the Standard & Poor’s 500 up 1.15% as of 11 a.m. New York time and the Dow Industrial Average ahead 1.7%. In some markets that would have been an all-clear signal after last week’s chaos and sent a message that buying risk assets was okay again.
