The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@Goldfinger$Gundlach is pretty cautious on the $dollar and neutral to mildly bearish on US equities. Short term bullish on bonds, and quite bullish on $commodities. Remains bullish on $gold although he admits he became less bullish after $Trump election win.
@GoldfingerOne more comment from $Gundlach; he sees 3% as the big level on the 10-year UST note, above 3% and the 30+ year bond bull market is over. That's a big statement. 10-year note ended today at 2.38% yield. $bonds
@FloxlOn another note : @Goldfinger One more comment from $Gundlach; he sees 3% as the big level on the 10-year UST note, above 3% and the 30+ year bond bull market is over. That's a big statement. 10-year note ended today at 2.38% yield. SO I have been reading this statement a lot. When we talk about a 30 year bull market in bonds, we are talking about a bull market in price which means the yield has been falling consistently right? So when we say, the bull market is going to be over, doesn't that mean that the yields are going to rise which is ultimatly going to be bad for gold?
@FundamentalAnalysis@Floxl Couldn't comment about newsletter writers, however I can imagine them being useful for idea generation. (Much easiar then going through companies one by one to generate ideas). In the ultra long term if $gundlach's theory holds and yields rise substantially it could be bad for gold. However we also need to consider the level of inflation. As I've mentioned before everyone talks of booms and busts. There are long drawn out echo moments where prices stay neutral. Given the relatively high debt levels around the world and very low inflation, interest rates and thus yields CANNOT normalise not yet at least. We need much higher inflation, for bond yields and thus interest rates to rise. Higher inflation can be good for gold especially if it leads to low or negative real interest rates. In the long term gold is like a currency, and is a store of value, and thus follows inflation. Our monetary system is designed to have inflation, so we can inflate away our debts and the key for central bankers these days is to have interest rates just slightly below inflation rates. Gold however isn't just driven by real interest rates, in fact if you look at all the factors that have affected gold, another less talked about factor is confidence. If confidence breaks gold will rise substantially. Broken confidence leads to higher inflation and higher interest rates.....what we saw in the 70s, until volcker/kissinger rushed in and sorted it out. I think Ray dalio compared to the other hedge fund managers is much more knowledgeable about economic history and our monetary system. He advises a bit of gold despite talking about the end of the bond bull market like some of the other hedge fund managers.
@Goldfinger"Valuations are not attractive in junk bonds right now. We could see some technical selling in junk bonds after the next $Fed rate rise. There isn't room for OAS spread to tighten much from here." #Gundlach
@GoldfingerTo summarize: US/European equities risky here with valuations near 1929 levels, high-yield corporate debt is risky (poor reward relative to risk proposition), see yield curve flattening (not steepening), bullish $gold and gold is a permanent portfolio position. #Gundlach
@flippy@Goldfinger Bond King Bill Gross has indicated that 2.6% on the Ten-Year Treasury will end the bull market in bonds
click to invite
@Goldfinger#Gundlach was very clear in his presentation yesterday that he doesn't see the US dollar making higher highs, seemed to believe we were in for a broad trading range but $103 on USD Index was a ceiling for now. $gold