Obviously in the near term, week-to-week, month-to-month it’s impossible to predict currencies, but over any medium-term period – you can at least, in our view, make some informed judgments around what the shape of the probability distribution of possible outcomes looks like. Show More
Asian markets performed well in the last year. The MSCI Asia ex-Japan Index (AUD) is up 14% in FY18, outperforming the ASX 200 by approximately 5%. Looking forward to FY19, there are 5 critical questions that will determine the path of equity markets in Asia: Show More
Gold prices have steadied in the last few trading days, after correcting over the last month in the face of a rallying USD, and a sharp unwind in speculative positions. Show More
Gold prices have continued their march higher in the last 24 hours, currently trading near USD $1355oz. Silver has also rallied, continuing the impressive run in precious metal prices which dates back to mid December 2017, with gold and silver up 9% and 12% respectively in this current rally. Show More
With a performance that is on track to 20-bag this year, there is little doubt it’s going to be a very Merry Christmas for Bitcoin enthusiasts, many of whom have made truly astonishing gains in 2017. Show More
Type “Bitcoin is a Bubble” into Google and you’ll get 31,800,000 results, a clear indication of how many times people have, incorrectly so far, called a top in the price of the worlds most famous cryptocurrency. Show More
Precious metals prices have endured a difficult few weeks, after failing to push through USD $1350oz in early September. Continued strength in US equity markets, greater pricing in of an expected rate hike from the Fed, and a rally in the USD have all contributed to the weakness, as has... Show More
Precious metal prices have been in full retreat the past few weeks, with the price of gold declining toward USD $1300oz. This pullback has had a number of drivers including an easing of the ‘safe haven’ bid as markets fade the rhetoric to do with Korea, the USD catching a... Show More
After being range bound and unable to break through the key US $1,300oz level since Nov 2016, gold has staged a sharp rally overnight on the back of heightened tensions on the Korean Peninsula. Show More
Gold has been getting a lot of good press lately, with the escalation of tensions on the Korean peninsula seeing the yellow metal push back toward USD $1290oz, whilst in local currency terms we are back above AUD $1630oz. Show More
