Feature Table 1Recommended Allocation Don't Worry About The Tepid Data Risk assets are likely to continue to grind higher. Two of the catalysts we cited for this in our most recent Quarterly1 have half happened: European…
Global gold mining stocks are breaking out on the back of the bid in gold prices. The confluence of spiking geopolitical uncertainty, both in the U.S. and globally, rise in equity volatility and safe haven bid in U.S.…
Highlights The Fed's evident desire to lift its policy rate next week - presumably to get out ahead of inflation that has yet to show up in its preferred gauge - will weigh on gold. Oil ... not so much. This is because fundamentals…
Highlights Gold volatility is trending lower, suggesting unresolved economic and political issues are diminishing, and investors' confidence in the global economy is improving. This is a false positive. Uncertainty is elevated.…
Gold mining shares look increasingly attractive, at least as a portfolio hedge. We took profits on our overweight position in the middle of last summer, just prior to the share price crunch, because tactical sentiment and positioning…
Highlights Portfolio Strategy Food price deflation bodes well for increased volumes, and by extension, packaging stocks. Upgrade to overweight. Prospects for intensifying market and economic volatility argue for reestablishing a…
Highlights In line with our House view, we expect the USD will weaken near term, and are recommending a tactical long gold position if the metal trades to $1,180/oz. Longer term, the Trump administration's presumed fiscal-policy goals…
Highlights The tactical environment is dynamic, chaotic and unpredictable. ...Chaos also brings opportunity. We must recognize and exploit opportunities when chance presents them. Look for recurring patterns to exploit.1 Feature…