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Category: Gold

2017: The Year in Charts

These are the charts and themes that tell the story of 2017… I. The Year Volatility Died There’s an old saying that goes something like this: “the market has a tendency to move in a fashion that inflicts the most pain on the most participants.” After the election in November 2016, the most prominent market […]

Is Gold Really the Best Inflation Hedge?

“Gold is the best hedge against inflation.” – Pundit There’s not a week that goes by where we don’t hear one pundit or another promoting Gold as a valiant protector against inflation… Inflation is coming, we are told, and when it does you better own Gold. Sounds wonderful in theory, but what does the evidence […]

  • Posted in Gold, Investing, Myths
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Stop Searching for the Holy Grail

  • Gold
  • Charlie Bilello

In a recent post, I came to the following conclusion: “the notion that simply ‘following the trend’ in Gold will lead to vast riches is a false one.” I made this statement after analyzing a simple trend following system (going back to 1975), using the 200-day moving average as a signal of when to get […]

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Are Trend Following and Gold a Perfect Match?

  • Gold
  • Charlie Bilello

Market participants are often heard saying things like “you can’t trade Gold on fundamentals.” With no cash flows to discount, Gold is a different animal than stocks or bonds. It is said to swing higher and lower due to changes in investor sentiment alone. Many a trader will advise you to simply follow the trend: […]

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Gold Miner Myths

“Gold Miners are a leveraged play on Gold” “Gold Miners are a good hedge against the S&P 500” There are few sectors in the market that generate as much attention, emotion, and misinformation as the Gold Miners. You’ll often hear some version of the two quotes above, stated as fact. Let’s evaluate the data to […]