Gold Super Bull Resumes
The recent price action of the gold super bull thesis has gotten me very excited about this issue. Gold measured in the long bond has turned the corner.
The recent price action of the gold super bull thesis has gotten me very excited about this issue. Gold measured in the long bond has turned the corner.
There’s an age-old theory by the chart watchers that when RSI diverges, it signals a change in direction.
Investment portfolios have historically had a “home bias”. That is, local pension funds and the wealth management industry invest a large chunk at home before looking for diversification abroad.
Currently, it’s all about the energy mix. Heating oil is a heavy product, similar to diesel and jet fuel, where the market is tight.
Other than a few holdings in the funds, ChiNext is the last remaining exposure we have to the tech trade.
The short-term price action is encouraging. Looking at the leading tokens, there is a sense of stability playing out.