Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Thematic (Sector/Industry)

<ul>
<li>Gold's price advance is idiosyncratic moving against historical norms of estimated inflation and real rates.</li>
<li>Demand from large central banks is not currently a factor in price discovery as the PBOC has stopped buying.  Gold's safe-haven status has also declined since GFC in 2008/09. </li>
<li>Easier monetary policy from the Fed and higher actual inflation continue to fuel lower real rates and provide substantial support for Gold's price.  </li>
</ul>


Gold's price advance is idiosyncratic moving against historical norms of estimated inflation and real rates.
Demand from large central banks is not currently a factor in price discovery as the PBOC has stopped buying.  Gold's safe-haven status has also declined since GFC in 2008/09. 
Easier monetary policy from the Fed and higher actual inflation continue to fuel lower real rates and provide substantial support for Gold's price.   


GOLD: Rocks Or Stocks! Why Gold Continues to Outperform the S&P?

Cross-Asset Strategist & Quantitative Analyst, Pennock Idea Hub

Cam Hui

Cross-Asset Strategist & Quantitative Analyst

Pennock Idea Hub

We are creators of independent equity research. The Pennock Idea Hub team are veterans of the investment industry. Much of our team has spent their careers at Merrill Lynch, Deutsche Bank, RBC Capital Markets and Wood Gundy. We have taken every aspect of research back to the studs and returned to first principles. The Pennock Idea Hub marries the interests of the sell and buy side. 

We offer the best research for institutional investors by:

-Only publishing research from veteran analysts
-Eliminate the inherent conflicts of the traditional sell and buy side relationship
-Ensure our team is always accessible; collaboration with clients nurtures our collective success

Cross-Asset & Quantitative Research

Cross Asset Strategy

<ul>
<li>Gold has reached another all-time high at 2500, will history repeat itself? Is this another generational buying opportunity or a bull trap fakeout?</li>
<li>We conclude that the upside breakout in gold prices has more room to run, though the market is extended and could pull back at any time.</li>
<li>A long-term point and figure analysis of monthly prices using a 5% box and 3-box reversal shows a measured objective of 4406.</li>
</ul>


Gold has reached another all-time high at 2500, will history repeat itself? Is this another generational buying opportunity or a bull trap fakeout?
We conclude that the upside breakout in gold prices has more room to run, though the market is extended and could pull back at any time.
A long-term point and figure analysis of monthly prices using a 5% box and 3-box reversal shows a measured objective of 4406.


Gold: Fakeout or Generational Buying Opportunity?

Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Founder & Head of Research

Fortress Hill Advisors

Founded in Hong Kong in 2019, Fortress Hill Advisor seeks to provide premium economic and financial researches.

Premium Economic & Investment Research

<ul>
<li>Hang Seng barely moves this week, as we predicted. Hang Seng is likely to go sideway from 16000 to 18000 levels for the rest of the years.</li>
<li>S&amp;P500 likely wise moves little, up by 0.73% for the week. US equity market will likely has no clear direction before the Sep rate cut.</li>
<li>Gold retrieves little by less than 0.5% against a half year uprising trend that has accumulated to 23.6% up from half year ago.</li>
</ul>


Hang Seng barely moves this week, as we predicted. Hang Seng is likely to go sideway from 16000 to 18000 levels for the rest of the years.
S&amp;P500 likely wise moves little, up by 0.73% for the week. US equity market will likely has no clear direction before the Sep rate cut.
Gold retrieves little by less than 0.5% against a half year uprising trend that has accumulated to 23.6% up from half year ago.


Heard From Fortress Hill: Weekly Market Observations (23 Aug 2024)

Independent Sell Side Equity Research Analyst, ChartSmarter

Douglas Busch

Independent Sell Side Equity Research Analyst

ChartSmarter

ChartSmarter is a service dedicated to the art of technical analysis.

On a daily basis we write up actionable ideas on a specific, major S&P sector on both the long and short side, in an easy yet thorough way. In the notes we give precise entries and exits, while looking to capture the "meat" of a trend.

Technical Analysis.

Technical Analysis

Alibaba Group Holding  / Technical Analysis

Alibaba Group Holding Limited provides online sales services. The Company provides internet infrastructure, electronic commerce, online financial, and internet content services through its subsidiaries. Alibaba Group Holding offers its products and services worldwide.

<ul>
<li>Gold breaks above MONTHLY bull flag suggesting possible move to 3000.</li>
<li>Is China ready to duplicate prior move we witnessed in Nikkei?</li>
<li>BABA looks technically attractive and could reach par by year-end.</li>
</ul>


Gold breaks above MONTHLY bull flag suggesting possible move to 3000.
Is China ready to duplicate prior move we witnessed in Nikkei?
BABA looks technically attractive and could reach par by year-end.


Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

VanEck Vectors Junior Gold Miners ETF / Event-Driven

VanEck Vectors Junior Gold Miners ETF is an exchange traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Junior Gold Miners Index. The Fund will normally invest at least 80% of its total assets in securities that comprise the Fund's benchmark index.

VanEck Vectors Junior Gold Miners ETF (GDXJ US)

<ul>
<li>The MV J-Gold Miners index represents the performance small-cap gold and silver mining companies listed around the world.</li>
<li>This index is reviewed semi-annually in March and September. During these reviews, names can be added or deleted from the index.</li>
<li>In this insight, we take a look at the latest lists of potential ADDs and DELs for the index rebal event in September 2024.</li>
</ul>


The MV J-Gold Miners index represents the performance small-cap gold and silver mining companies listed around the world.
This index is reviewed semi-annually in March and September. During these reviews, names can be added or deleted from the index.
In this insight, we take a look at the latest lists of potential ADDs and DELs for the index rebal event in September 2024.


Quiddity Leaderboard MV Jr Gold Miners Sep 24:  Mergers Mean Possible Up-And-Out DELETEs