In today’s briefing:
- StubWorld: EcoPro Continues To Defy Logic
- Gold & Silver
StubWorld: EcoPro Continues To Defy Logic
- EcoPro Co Ltd (086520 KS) has swatted aside analyst downgrades and the indictment of its chairman to touch an all-time high.
- Preceding my comments on EcoPro are the weekly setup/unwind tables for Asia-Pacific Holdcos.
- These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation >20%.
Gold & Silver
- Gold and silver prices have been drifting lower as investors have shifted their focus to riskier assets.
- Earlier this year, the rise in gold prices was driven by stable yields, anxiety from regional bank stress, and a preference for real or liquid assets as reliable investment options.
- However, the current robustness of nominal and real yields, equities, and credit has left precious metals vulnerable.
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