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Charlie Morris

Charlie Morris

Rich Gold and Cheap Oil Will Drive the Gold Miners

Rich Gold and Cheap Oil Will Drive the Gold Miners

$100 invested in gold in 1994 is today worth $652, a $552 profit. Yet that same $100 invested into the gold miners is worth a mere $118. Many have pondered over this disappointing situation, wondering what the mining industry has been doing during this great bull market in gold. Gold

The Certainty of Uncertainty

The Certainty of Uncertainty

Trade in Whisky; The big news this week came from the US bond market, which saw the yield curve normalise for the first time since mid-2022. That means the 10-year bond yield is now marginally above the 2-year yield, and so the yield curve is no longer “inverted”. This is

Centamin Gold (CEY) Bid

Centamin Gold (CEY) Bid

CEY has been bid for by AngloGold Ashanti (ANG South Africa, AU USA). Each share of CEY will be paid 0.06983 New AngloGold Ashanti Shares and $0.125 in cash. This equates to an offer of 163p per CEY share as of last night and is a small premium

Blame Macro

Blame Macro

ByteFolio Issue 124; 💡This issue covers Velo (VELO), Uniswap (UNI), Cardano (ADA), and Tether (USDT). It has been a rough week for markets and Bitcoin too. But the problem is across markets and not Bitcoin or crypto specific. The market liquidity is running dry and needs a boost for things

Jobs and the Taylor Rule

Jobs and the Taylor Rule

All eyes are on the Federal Reserve, who meet in two weeks tomorrow, Wednesday 18th September. They are likely to cut interest rates. The Bank of England meets the next day, and they are likely to do whatever the Fed do, with some suitably opaque language. The interest rate is

Working Together

Working Together

ByteTree BOLD Index Monthly Rebalancing Report; Following rebalancing on 31st August 2024, the new target weights for the BOLD Index are 25.0% Bitcoin and 75.0% Gold. The Vinter ByteTree BOLD1 Index (BOLD) invests in Bitcoin and Gold. BOLD combines the world’s two most liquid alternative assets on

Censored

Censored

ByteFolio Issue 123; 💡This issue covers The Open Network (TONCOIN), MakerDAO (MKR), Reserve Rights (RSR), Stacks (STX), Velo (VELO) and Kaspa (KAS). The X social network has been switched off in Brazil as Musk has allegedly refused to follow local Brazilian laws. It has been blocked by the supreme court