Why this time is different (I know this is a dangerous sentence...)
Asset managers are very long 10-year futures, expecting yields to fall from here! This is a very different set-up than in 2007 when asset managers were expecting #yields to rise... Source: Bloomberg
Higher real rates and an upward-trending dollar spell trouble for Gold, with ETF outflows and shrinking longs in the futures market underlining weaker investor appetite
The metal has fallen below the 200-day average, with both the 100-day and 50-day moving averages trending lower. And given gold’s propensity to trend, this is NOT a positive for Gold. However, a quiet season in the jewelry market should see some pick up as the Hindu festival of Diwali approaches in November. This event is associated with gold gifting, and kicks of a wedding season in India that also features strong demand. Source: Bloomberg
Food for thought
Source: Brian Feroldi / Compounding Quality
How all 3 Financial Statements Connect
by Josh YourCFOGuy
Active vs. passive management
source: Brian Feroldi
Quote of the day by Ben Graham
Source: JC Parets
Nice infographic about the right and wrong reasons to SELL a stock
Source: Danielmnke.com
How to find great stocks
Source: Compounding Quality
