The AUD is climbing this through the day:
Bonds are soft at the long end:
XJO is stalled:
Big Iron is up:
Big Gas too:
Big Gold is sniffing out a bottom:
And why not:
Big Banks are soft:
Big Tech is still trending lower:
Not a lot of factor rotation apparent today.
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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Astute Analysis.
Blackrock and others seem to think Bitcoin not gold is the future https://edition.cnn.com/2020/11/20/investing/bitcoin-prices-gold-blackrock/index.html While PayPay, Square, Greyscale and many other large investors start to pile into Crypto. This isn’t the standard retail investors of the past but large investment companies that are now promoting Bitcoin and other crypto as the future.
I wonder, really, if many would accept BTC as collateral for loans, etc?
Having initially purchased my medical cbd stocks at sort of the wrong time I held through the the downturn and on 2/3 I judiciously topped up this year while they we’re absolutely hated. I’m now up about 30% on combined holdings. I’m up over 150% on my rare earth stock where I did the same (and I expect further medium term gains based on recent Chinese actions). Thailand took marijuana of the narcotics list recently, plus with several other recent changes to legal status around the world and many companies have finished a lot of their capital investment phase so as an industry the well run companies should be starting to record profits soonish.
Well done Pop. Good going. Hoping Gold stocks rally in the same way…
I’m pretty certain they will it’s just a case of having patience. They’ve had a really good run this year and last but nothing goes up in a straight line. Several of my gold stocks have gone up recently, and some could be bottoming. If they stay low for a whilelonger I’ll be happy, there’s still a little more topping up is like to do but I don’t have the cash right now (the perils of being a low income investor)
Boy my cbd stocks popped today based on the U.N. reclassifying marijuana to the lowest level of narcotic. So dollar cost averaging down worked for me in this instance. I’m now up over 100% on cph when i was down 90% earlier this year. This investing thing isn’t easy but it’s nice to finally be getting a few wins after years of real and paper losses. At least investing by yourself you can be patient if you have that trait.
Good analysis as to why gold has lost appeal in recent weeks… apparently its all about Indians and Chinese rotating into yield and out of gold http://gavekal.com/c/email.cfm?docid=8136&gkid=KWpyKpSN7c&src=email&i=1