Browsing: Hard metals

Hard metals

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, Commodities

Diane 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

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, Commodities

A 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

On Aluminum and Other Metals: A Thought on Physicality 

Sep 13th, 2016 | Filed under: Hard metals, Investing in Commodities, Newly Added, Business News, Commodities: Examples, Commodities, Finance & Economics

Hong Kong Exchanges and Clearing (HKEx), the company that bought the London Metal Exchange four years ago, has further expansion plans. At a recent event on the commodity markets of East Asia, Charles Li, the CEO of HKEx, spoke on this point. Li wants to create a physical metals tradingRead More

Eurekahedge: Redemptions Exceeding New Investment for HFs Worldwide

Sep 5th, 2016 | Filed under: Commodities, Hard metals, Newly Added, Commodities: Examples, Energy, Hedge Funds, Relative Value Hedge Funds, Commodities

Hedge funds have now seen three consecutive months in which redemptions have exceeded new investment, for a net outflow. The net outflow for July alone was $5.7 billion. Fortunately, July also saw performance based gains of $10.5 billion, so the total assets under management grew slightly. The table below adaptedRead More

Dry Bulk Shipping Recovery: Three Causes

May 5th, 2016 | Filed under: Hard metals, Equity Hedge Funds, Newly Added, Commodities: Examples, Hedge Funds, Commodities

The value of the equity of Star Bulk (SBLK) has risen since the start of the year from $0.616 to just above an even dollar per share.  This is part of a broader trend. The dry bulk shipping industry, long in free fall, may have found its bottom. This isRead 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, Commodities

According 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

The Hunts’ Silver Play, and Other Stories from the Recent Past

Nov 19th, 2015 | Filed under: Hard metals, Newly Added, Commodities: Examples

In January 21, 1980, the Comex board declared the Hunt silver corner an emergency, and the members voted to allow liquidation-only trading. This had its intended consequence of changing the direction of price moves, and a perhaps-unintended consequence of setting off a panic two months later. Read More

Study Says The Gold Bugs are Right

Aug 23rd, 2015 | Filed under: Currencies, Hard metals, Risk management, Forex, Gold

Gold 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

Copper Prices: Why the Downslope?

May 26th, 2015 | Filed under: Commodities, Hard metals, Risk management, Technology

How long will it take before the world again sees copper at around $10,000 a ton, the going price it touched (though briefly) in early 2011? Perhaps several more years and another full business cycle. There may be a lot of down before an upturn gets us there. Read More

Some Assets are Hard to Ignore

Apr 23rd, 2015 | Filed under: Currencies, Infrastructure, Hard metals, Alpha Hunters, Alpha Strategies, Gold

Guest 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, Gold

The 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, Gold

The 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, Gold

Rickards' 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

Markets Work: The Argument from Robert Bork’s Beard

Aug 13th, 2014 | Filed under: Currencies, Hard metals

Markets work. We are warranted in believing this because it has proven itself in human history and we have studied history. Centralized social planning fails. Now, having said all that, let's talk about the Fed. Read More

Dollars and Nuggets Part II: Spain, Cyprus, and the Future

Mar 19th, 2013 | Filed under: Commodities, Currencies, Hard metals

The present global monetary situation, plainly, is not at equilibrium. Everybody else’s currencies depend upon the dollar, the dollar depends upon petroleum, and petroleum depends upon … whatever. Changes will continue (through a succession of crises if no other way can be developed) until a new equilibrium can be attained.Read More

Dollars and Nuggets Part I: Cycles and the Big Picture

Mar 18th, 2013 | Filed under: Commodities, Hard metals

Last summer the CME Group's European clearing house for derivative products announced that unallocated gold would serve as collateral for margin cover. Was that the sort of illusory good news that marks the top of a trend or was that a symptom of a secular trend toward the de facto monetization of gold that will re-assert itself once the present cyclical down move is done?Read More

A Thought for the Next Relapse: Europe and Gold

Oct 22nd, 2012 | Filed under: Currencies, Hard metals, Alpha Strategies

Either Portugal or Italy could kick off a move toward the use of gold as collateral for sovereign debts. Each country has significant supplies of the stuff. Portugal, for example, has 383 metric tons, equaling 90 percent of its foreign reserves. Read More