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Higher for Longer

Amidst financial turbulence, our message stands firm. While US headline inflation has surged due to the price of oil, core inflation steadily declines, and softer housing and rental costs promise relief ahead. The Federal Reserve's resolute stance on prolonging higher interest rates resonates globally. Despite a robust US labour market,

Monetary Versus Fiscal

Trade in Whisky; The price of US treasuries is falling again and rapidly. I show the short-dated to long-dated bonds rebased to $100 on their highest day in April 2020. The 30-year bond is now down 64%, while the 2-year bond is down 9%. For a developed market, this sort

Congratulations Grayscale

💡This issue covers GBTC, Ethereum (ETH), Polygon (MATIC), crypto regulation in Hong Kong, and institutional investing in the crypto space. The Grayscale Bitcoin Trust (GBTC) was the first publicly available Bitcoin Fund that could be traded over the stockmarket. It was launched by Barry Silbert on 25 September 2013, and

Value Investors Gain the Upper Hand

It’s been a heavy week of data. Inflation fell in Europe and the UK, and the Bank of England and the Federal Reserve paused their aggressive interest rate hikes. Phew. Relief, you might think, but US and European bonds sold off again while growth stocks took a tumble. Gold

Venture: UK Small Cap

A UK industrial company that survived the pandemic. It is debt-free, in good health and dirt cheap.

China’s Increasing Influence on the Gold Price

Atlas Pulse Gold Report, Issue 86; John Reade, chief strategist at the World Gold Council, pointed out last week that the Shanghai Premium was back. That simply means gold is more expensive in China than on the world market. This happens every other year or so, but this time, it

Dare Forward

Trade in Whisky; It is no great surprise that I am finding good value in the UK and Europe, more so than in the US. This chart says it all. I have seen most charts at some point, but never this one before. It cleverly estimates how exposed foreigners are

The Top 20 Crypto Projects Stagnate

💡This issue covers Bitcoin Cash (BCH), The Open Network (TON), Aptos (APT), ApeCoin (APE), crypto regulation in the UK and HongKong, and Ethereum staking. The crypto space remains soft. It is remarkable how little is going on in the top 20 projects, with just three showing some promise. Ali writes

Gold, Uranium and UK Small Caps

My good friend, John Reade, chief strategist of the World Gold Council, picked up the latest Shanghai Gold Premium, something we haven’t seen for a while. Gold on the Shanghai Futures Exchange normally trades at the same price as in the global market, but occasionally it deviates. Currently, gold

Venture: UK Small Cap

Issue 3; An undervalued UK high-growth company that is innovative and that generates strong cash flow. It is buying back its shares at a low price.

Bitcoin Is Not in a Bear Market

ATOMIC 89; Bitcoin is softening, and the network is cooling, but we know where the low is. Good things could happen should ETFs get approval, and the next halving is just seven months away. ByteTree ATOMIC Analysis of Technical, On-chain, Macro, Investment Flows and Crypto Stocks. Highlights Technicals Slipping On-chain

Index-Linked Bonds and Oil

Trade in Whisky; It is time to re-examine index-linked bonds because once we are sure that prices have settled, there is no better risk-free investment out there. Investors receive a return that is backed by the government, compensates for inflation and more. Nothing else does that for certain. I will

Turkey Embraces Crypto

ByteFolio 74; The Ethereum blockchain has dropped to 0/5 on the health score, which means transaction activity is declining. It has caused our fair value to slide below $1,500. We are not tied to that, but of more concern is the direction of travel, which is lower.

Venture: UK Small Cap

Issue 2; This UK small cap was devastated by the pandemic. The shares are now dirt cheap and, following today’s announcement, have less risk.