Angus Geddes: Bullish on Gold, Miners, and Hang Seng as USD Weakens
In a recent interview with Ausbiz, our CIO Angus Geddes expressed his bullish sentiment towards several assets. Angus forecasts a weaker US dollar, favoring currencies like AUD and GBP. He expects gold to reach $2800 due to uncertainty and US dollar declines, driven by central bank buying. Geddes is bullish on miners like Evolution Mining […]
The last mile
Key themes and stocks discussed today: US benchmarks finished modestly in the green as investors moved to the sidelines ahead of the highly anticipated Nvidia result due tomorrow. The key PCE inflation gauge is due on Thursday. Both results will set the market pace this week, although the PCE gauge will likely confirm the disinflationary trend. […]
Powell Confirms September Rate Cuts as Stocks, Bonds, and Commodities Rally
Good morning, Stocks and bonds rallied Friday after Jerome Powell confirmed in a dovish speech the path was clear for rate cuts to commence in September. Mr Powell said that the “time has come”, leaving no further doubts that the Fed now has an easing bias after mentioning that the Fed was cognisant of a “cooling labour […]
WebCast: Currencies Break Out Against US Dollar as Gold Reclaims Hedge Role
Major currencies are breaking out on the upside against the dollar after multi-decade bear markets. Back in the day, gold was an age-old hedge, and will Gold continue to PLAY THIS ROLE? Topics Being Discussed: S&P500 – bull market is continuing but risks are rising into September/October. What can we expect from Jerome Powell’s speech […]
Is the commodities correction over?
Wall Street extended higher, driven by mega-cap tech after softer labour data galvanised expectations for September rate cuts. Bonds rallied with yields lower across the curve, which also weakened the US dollar. Commodities jumped. Gold and silver staged decent upward dynamics, which potentially marks the resumption of upward momentum following a six-week correction. The Chinese Nasdaq Golden […]
Special Webinar: Angus Geddes & Patrick Ganley on Bonds, Commodities & Global Markets
Listen to our Special Webinar where our CIO Angus Geddes with CEO Patrick Ganley discussed key macro and market events in the week. Topics Being Discussed: 10yr and 2yr bond yield Global share indices: S&P500, Russell 2000, ASX 200, CSI 300, Hang Seng Commodities: Gold, Silver, Copper Australasian and international stocks, namely BHP, SIL, EVN, […]
Powell Holds Firm on Rates | Gold Outlook Strengthens as Yields Hit 5%
Key themes and stocks discussed today: Wall Street benchmarks closed marginally in the red but held up well in the face of rising bond yields, with the 2yr hitting 5%. Jerome Powell predictably dialled back on the rate cut narrative, citing inflationary pressures. Stocks anticipated the pivot well in advance. Reporting season continues to ramp up […]
Angus Geddes: Dollar-Yen Reversal & Silver’s Bright Outlook
Our CIO Angus Geddes joined Ausbiz interview, predicting a potential important reversal of the dollar yen, which will carry implications for global capital markets and the US dollar. Key highlights: Angus Geddes predicts potential important reversal of dollar yen due to possible interest rate increase in Japan. Inflationary pressures expected to rise in Japan due […]
