Silver as an investment

Category Archives: Pair Trades

World Stocks Hit 4th Consecutive Record High, Bonds Rise On ECB QE Report

World stocks rose to a 4th consecutive record highs, while the dollar headed for its worst week; U.S. stock-index futures are steady, with European and Asian stocks higher ahead of much anticipated US inflation data, which is expected to give cues on the outlook for the Federal Reserve’s interest rates. MSCI’s all world equity index […]

Gundlach: “Deutsche Bank Will Be Bailed Out But What About Credit Suisse”

Last Thursday, when Deutsche Bank was flailing ahead of the now confirmed fake report of a reduced settlement with the DOJ, Reuters spoke to Jeff Gundlach about his thoughts regarding the German lender, his advice was simple: don’t touch it. “I would just stay away. It’s un-analyzable,” Gundlach said about Deutsche Bank shares and debt. […]

“Eight Election Trades For November 8th”

No matter the outcome of the presidential election, according to BofA’s Chief Investment Strategist, Michael Hartnett, 2017 will likely be a year of small absolute returns as the bank expects higher rates will collide with high bond and equity valuations, but it will be a year of big rotations “as investors shift from ZIRP winners […]

Ruble makes historic recovery

Traders should be able to admit, when they’re wrong.  As we explain in great detail in Splitting Pennies – there’s nothing worse than a trader who takes great effort to explain reasons why he was wrong or why it wasn’t in fact his fault, it was the market!  (or some such nonsense).  Such severe psychological […]

The New New ‘Deal’ – “Markets Are Too Important To Be Left To Investors”

Submitted by Ben Hunt via Salient Partner's Epsilon Theory blog, Five Easy Pieces for the World-As-It-Is Our story so far… In the second half of 2014, export volumes in every major economy on Earth began to decline, the result of divergent monetary policies that crystallized with the Fed’s announced tightening bias in the summer of […]

Stocks Get Second Thoughts About Greek Deal: Turn Red From China To Europe

One day after the Greek “pre-deal” was announced and the world breathed a sigh of relief, sending US stocks soaring and Greek halted stocks, well, tumbling (via ETFs and ADRs), things are oddly quiet and in fact quite red in Europe, with futures in the US modestly lower, following both China’s first red close in […]

Greek D(efault)-Day Arrives, As Does China’s Plunge Protection Team

The Greek D-(efault) day has arrived, and with it so has quarter-end window dressing for many underwater hedge funds (recall the S&P is now red for the 2015) which means the rumor mill today will be off the charts. And sure enough, less than an hour ago, futures exploded higher as did the EURUSD, following […]

Bill Gross: “My ‘Short Of A Lifetime’ Bund Trade Was Well Timed But Not Necessarily Well Executed”

While the bulk of Bill Gross’ latest monthly investment outlook deals with the vagaries of the bubbly art market summarized by the following chart which “oddly” mimics the move of global capital markets (and thus central bank balance sheets)… … as well as discussion on how to arbitrage global growth or lack thereof in the […]

Is This The Start Of China’s Gold Miner Buying Spree?

Back in October of 2012, Hugh Hendry proposed a simple investment thesis: ‘”I am long gold and I am short gold mining equities. There is no rationale for owning gold mining equities. It is as close as you get to insanity. The risk premium goes up when the gold price goes up. Societies are more […]

Following Surge In "Fails To Deliver" To Two Year Highs, Treasury Market Finds A Brief Respite

Our “silver lining” concluding remark to last week’s lackluster 10 Year bond reopening auction was that “the good news is that with the reopening, dealers should have some additional collateral for a while, or at least until the Fed monetizes it. Look for this CUSIP – VB3 (On The Run) to remain on the POMO […]