Silver as an investment

Category Archives: Asset classes

NYU’s ‘Dean Of Valuation’: Bitcoin’s Not A Fraud, It’s A Currency

Aswath Damodaran, a professor of finance at the NYU's Stern School of Business, disagrees with JPMorgan Chase CEO Jamie Dimon that bitcoin is a "fraud," and explains that, in his view, the cryptocurrency is a currency rather than an asset in a new blog post. Often referred to as Wall Street's "Dean of Valuation," Damodaran […]

One Trader Warns Of “The True Danger Ahead”

Authored by Kevin Muir via The Macro Tourist, It’s easy for me to sit back and take pot shots at the hedge fund gurus calling for a repeat of the 2008 crash. Spouting words about markets never repeating the previous crisis is kind of cheap. If I am so sure history won’t repeat, why don’t […]

Axel Merk: “There’s More To Investing Than Chasing Companies That Want To Make Mars Inhabitable”

Authored by Axel Merk via MerkInvestments.com, How does one construct a portfolio in an era of seemingly ever rising and highly correlated asset prices? Years of asset prices moving higher has changed both retail and institutional investors; it has changed the industry; and, in my humble opinion, those changes spell trouble. The prudent investor might […]

Pondering The Real Perils Of Risk Parity Portfolios

Authored by Kevin Muir via The Macro Tourist blog, The other day, fabled hedge fund manager Paul Tudor Jones made headlines when he issued a bold warning to Janet Yellen & Co. (from Bloomberg): The legendary macro trader says that years of low interest rates have bloated stock valuations to a level not seen since […]

BofA: The Market Is No Longer Efficient

Almost exactly 8 years ago, in April of 2009 we wrote for the first time that as a result of the confluence of unprecedented central bank intervention meant to prop up risk prices which distort markets in the long run, and the rising dominance of HFT and algo trading strategies, which distort price formation in […]

2016 – A Year Of Trading Dangerously

If 2016 taught traders anything, it was that old norms were useless and the concept of the market as a discounting mechanism (as opposed to an algo-driven headline-reacting maelstrom of manias) is lost forever. This flipping of reality is nowhere more evident in the topsy turvy shifts in risk expectations across global asset classes – […]

Axel Merk On Gold – What Happens Next?

Submitted by Axel Merk via MerkInvestments.com, After an initial surge in the hours after Donald Trump’s election, the price of gold has been under pressure. To gauge what’s ahead for the yellow metal, we dissect the forces that may be at play. We have argued in the past that for investors to consider any investment, […]