One For The History Books
One to print out and stick on your desk as you may never see it again.
Lessons from Norway’s SWF
PS: Depressing to think that Norway’s SWF is ten times the size of our Future Fund despite Australia being one of the most resource rich countries in the world. Chalk another failure up to stupid narrow-minded self-interested politicians.
The Year So Far
I am going to do a more extensive year in review in the next day or so but here is a primer.
Sell the NASDAQ and Buy Gold
I love a good conspiracy theory. In the long history of governments and central banks deceiving the people, August 15 1971 was just another date in the calendar. Throughout history, the ruling elite has always cheated the people. But the leaders’ irresponsible actions are always revealed as in the end they always fail. Still, in…
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Gold – Silver Relationship
One of the things you learn quite quickly in trading if you have any degree of awareness and humility is that the market will not in any way respond to your exhortations to behave in a certain way. Recently I got a notification from LinkedIn that I was suitable for several jobs that were being…
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Prediction Of The Day
Stupid prediction from a soft article in the AFR today. UBS is forecasting the price of gold will remain above $US1500 ($2169) through the middle of 2020, rising to $US1650 an ounce by June 2022. JPMorgan is also expecting an increase, forecasting the gold price will remain higher than $US1500 until at least the end…
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Safe Havens
Within trading there are a few implicitly stated rules – perhaps first and foremost of these is the acceptance of risk for the opportunity to profit. The balancing act between risk and reward has over the decades been fertile ground for academics to traders. Academics seek a mythical middle ground that defines an appropriate balance…
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Bitcoin and Gold Are Monuments To Irrationality
With worries about a currency war growing and bond yields collapsing, investors have reached for their usual haven of gold. Only this time it has a friend (as my colleague Tim Culpan wrote this week): Bitcoin. Gold’s dollar price has risen 7% this month, Bitcoin’s by 18%. This apparent use of the two commodities as companion…
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