Gold Tag

The CNY is on the Move Again & Could Be Good for Gold

27 Apr, by Steven Vannelli, CFA in Economy, Markets

With inflation receding in the US, the Chinese Yuan (CNY) has been depreciating. At peak US inflation, the CNY got down to 6.35, while it has risen to 6.92 in the last year. Inflation getting back to 2% would seem to be consistent with a...

The Case for Gold is Looking Stronger

27 Mar, by Knowledge Leaders Team in Economy

The Federal Reserve’s balance sheet grew by $394B in the past two weeks. In the context of all G4 central banks, this move alone erases half of all quantitative tightening (QT) progress since the beginning of the year. A directional change like this could indicate...

Spotlight Franco-Nevada: Innovating Gold Production

02 Sep, by Knowledge Leaders Team in Knowledge Leaders

Franco-Nevada is the world’s largest gold royalty and streaming company. This means the firm invests in gold and mines, but indirectly, the idea being to provide investors with exposure to gold prices and gold exploration while limiting the risks of investing directly in mining companies....

Mid-Quarter Update: Prognosis Negative

28 Feb, by Steven Vannelli, CFA in Markets, News

Widespread underperformance of Dow Jones Industrial Average stocks is a significant negative indicator for US stocks in our view. In this special report, we present charts of the 30 Dow stocks relative to long-duration US treasury bonds and gold for the last five years. Spoiler:...

Gold and the Yield Curve Are Confirming Each Other

30 May, by Knowledge Leaders Team in Uncategorized

A few months ago in a post titled, ”How Bullish is a Bull Flattener?” we took a look at how bull flattening of the yield curve (when the long end falls faster than the shorter end) has tended to impact various assets....

How Bullish is a Bull Flattener?

27 Mar, by Knowledge Leaders Team in Uncategorized

Over the last 4.5 months the spread between the 30 year treasury yields and 10 year treasury yields has fallen from 112bps to 85bps, a difference of 27bps, and that spread has been falling fast in recent weeks....

Stocks, Bonds and Gold all Stumble as Euro Soars

11 Dec, by Knowledge Leaders Team in Uncategorized

In an almost perfect ”taper on” sort of manner, stocks had their worst day since November 7th, the 10-year treasury bond sold off by 4bps, gold finished down $9.00, and the euro rose to the highest level since mid-October, and November 2011 before that....

Gold at an Important Crossroad

03 Dec, by Knowledge Leaders Team in Uncategorized

Gold has had a rough go over the last month, dropping about $100, and it now finds itself testing the low it made in June. There are many possible taper and non-taper explanations for this persistent weakness....