Gold
Is it Time for the Gold Bug to Bite?
Aug 27th, 2019 | Filed under: Commodities, Hard metals, Investing in Commodities, Newly Added, Commodities: Examples, ETFs, The Alts Industry, Gold, CommoditiesDiane Merritt, of the Closed-End Fund Association (CEF) spoke recently with Axel Merk, of Merk Investments, about precious metals as part of a portfolio, and specifically the role these metals can play late in the business cycle: which, according to a rather broad consensus, is where we now are. TheRead More
Commodities are Beginning to Resemble Equities
Apr 7th, 2019 | Filed under: Commodities, Investing in Commodities, Newly Added, oil, Energy, The Alts Industry, Gold, CommoditiesObservers have long noticed that the relationship between return shocks and equity price volatility is asymmetric. That is, positive shocks do not have a marked effect on volatility; negative shocks do. Fischer Black wrote on the subject more than 40 years ago. Recently there has been a good deal ofRead More
The View from Las Vegas: Quiet Buying? Aggressive Buying?
Sep 23rd, 2018 | Filed under: Newly Added, Emerging markets, Digital currencies, Alternative Investments in Context, Commodities: Examples, The Alts Industry, Gold, Commodities, Emerging Alternative Investments, Personalities in AIOn Sept. 24, the 9th Annual Inside Alternatives and Asset Allocation event convenes at Wynn Las Vegas, with CAIA sponsorship. The purpose of the event: to look beyond traditional alternative investments and strategies, to take the measure of a new breed of alternatives, including impact/SRIs, cryptocurrencies, and the application ofRead More
Using the Variance Risk Premium to Predict Futures Markets
Jul 15th, 2018 | Filed under: Commodities, Hard metals, Newly Added, Risk management, oil, Risk Metrics and Measurement, Commodities: Examples, Energy, Risk Management Strategies & Processes, Gold, CommoditiesA new study of volatility in commodity prices indicates that both the total and the decomposed variance risk premiums of at least certain commodities markets contain information with predictive power. The variance risk premium is the pay-off of the synthetic variance swap contract. Specifically, it’s the difference between the floatingRead More
Eurekahedge: Greater China Mandates Pay Off for January
Feb 20th, 2018 | Filed under: Hedge Fund Industry Trends, Commodities, Hedge Fund Strategies, Investing in Commodities, Newly Added, Indexes, oil, Digital currencies, Commodities: Examples, Energy, The Alts Industry, Gold, Hedge Funds, Commodities, Emerging Alternative Investments, Other Topics in AltsA new Index Flash Update from Eurekahedge says that hedge funds are off to a positive start to 2018. The industry globally gained 2.26% in January. Among developed world mandates, North American hedge funds were up 1.89%, followed by those of Japan and Europe, which gained 1.28% each. Higher numbersRead More
Gold as a Strategic Asset
Feb 11th, 2018 | Filed under: Commodities, Investing in Commodities, Newly Added, Commodities: Examples, Gold, CommoditiesThe World Gold Council has recently posted its analysis of the continued relevance of gold. As one might expect from the source, the WGC finds that gold is a strategic asset that can play several valuable roles in a portfolio. Toward this end, the paper offers a chart of gold’sRead More
Aquila Asks: Who’s Afraid of Pricey Markets?
Jan 18th, 2018 | Filed under: Newly Added, The Global Economy & Currencies, Commodities: Examples, Gold, Commodities, Finance & EconomicsA new paper from Aquila Capital Group looks at managed futures, and makes the case that they offer investments tools with which one can achieve a “robust and diversifying risk/return profile.” The paper begins with the concerns many investors have at present. Record long bull markets, high asset prices, andRead More
The Return Characteristics of Gold Mining Stocks
Jan 3rd, 2017 | Filed under: Investing in Commodities, Newly Added, Equity-linked Structured Products, Commodities: Examples, Gold, Commodities, Structured ProductsTwo Maryland-based scholars have reviewed the evidence of the performance of gold mining stocks. The title of their article, which appears in the Alternative Investment Analyst Review, November 2016, puts the central question bluntly: are such stocks “more like gold or like stocks”? Let’s get the answer to that queryRead More
Gold Markets Get a Leap Day Surprise from India
Mar 8th, 2016 | Filed under: Hard metals, Investing in Commodities, Newly Added, Commodities: Examples, Gold, CommoditiesAccording to the Commodity Futures Trading Commission’s Commitment of Trader’s Report, released Friday, February 26, speculators in gold recently increased their long position by 30,350 contracts.Read More
Study Says The Gold Bugs are Right
Aug 23rd, 2015 | Filed under: Currencies, Hard metals, Risk management, Forex, GoldGold seems, to a larger extent than silver, and even more so to an extent larger than is true for palladium or platinum, to work as a true financial asset: decoupled from price developments in the commodity markets. It succeeds as a hedge against currency and stock-market trouble.Read More
Some Assets are Hard to Ignore
Apr 23rd, 2015 | Filed under: Currencies, Infrastructure, Hard metals, Alpha Hunters, Alpha Strategies, GoldGuest columnist Diane Harrison looks at the world of alternatives to alternatives, including stamps, cars, farmland and more...Read More
Don’t Blame the Swiss: Results Discounted Days Before Vote
Dec 8th, 2014 | Filed under: Commodities, Currencies, Hard metals, Forex, GoldThe price of gold took a swan dive as November ended, just as Swiss voters formally nixed an initiative that would have required the central bank to buy a lot of the stuff. Faille argues that this is not a matter of cause and effect. It is, on the other hand, a fascinating case study in the discounting machinery that is a market. Read More
November Vote: Do the Swiss Believe in Gold?
Oct 22nd, 2014 | Filed under: Currencies, Hard metals, GoldThe Swiss National Bank and the government oppose a pending referendum that would drastically change the country's policy on gold. But of course the anti-establishment nature of the petition is the whole point. Read More
Death of the Dollar: Consequences Worldwide
Aug 21st, 2014 | Filed under: Hard metals, Alpha Strategies, GoldRickards' new book expands on some of the themes of his 2011 publication, Currency Wars. The new book is, specifically, about the end of a particular phase in the history of money, the reserve significance of the U.S. dollar. Read More