The Grip
Report Spotlight: James Hardie The fatLITE is the weekly read. Membership is the position. The Verdict Our expectation for the Federal Reserve changed this week. Our constructive outlook for markets into year-end did not. We began the week believing the Fed could leave rates unchanged while economic pressure brought Iran closer to negotiations. Instead, the […]
Unhedged
Report Spotlight – St Barbara The Verdict The market spent much of the week pricing the Federal Reserve to tighten into an oil shock and finished on Thursday with the odds close to a coin flip. Futures for the 15/16 September meeting opened the week at around 70% after Warsh’s comments at Jackson Hole and […]
Going for Gold
Gold’s Bull Run Accelerates: Why JP Morgan Sees $4,000+ and Beyond JP Morgan said this week in a note to clients that “after a summer of coiling, gold has finally broken higher once again as ETF inflows have been re-ignited by falling yields ahead of impending Fed cuts. Our strategists still believe gold has even higher to […]
Animal spirits
US benchmarks were mixed on Monday with the small-cap Russell 2000 continuing to lead the market. Bitcoin broke above $87,000 as the post-Trump rally in crypto continued. The US dollar also continued to rally which weighed on gold, commodities. The US bond market was closed for a public holiday. Asian stock markets came under some pressure […]
Good Leverage
Evolution Mining (ASX: EVN) Evolution Mining (Evolution) released its December 2022 quarter operational results, and in doing so has revealed a good performance. Evolution levered into a higher gold price by lifting gold production and reining in unit operating costs. Guidance for 2023 was maintained. Mine cashflows for the quarter were well supported by a […]
