Gold — An Unloved Asset That’s On Our Radar Gold is not getting much press, having held its own since its decline in the first half of 2013. We believe that there are reasons for intelligent investors to continue to hold gold in their portfolios. Emerging market countries, especially China, Read more
Why China Remains Our Favorite Market For Investment The current Chinese market correction will be off and on for a few more weeks as the Chinese government tries to convince the public that they want the market to rise, but in a systematic and non-speculative manner. During this period we Read more
Bond Funds: A Bigger Risk Than You Think? Investors are so used to trading ETFs that they seldom ask themselves questions about how those ETFs are constructed. In the event of major market disruptions, though, that could prove problematic — with potentially troublesome consequences for investors. A share of an Read more
Will The Dollar Resume Its Rally? We think so, but only after the dollar falls for a few more weeks. We believe that it will rally again later in 2015, on the basis of central bank policy — which is leading up to tightening in the U.S., but still in Read more
Investors’ Burning Questions Last weekend GIM’s Chief Investment Officer, Monty Guild, gave a speech to investors about world markets. During the Q&A, it became obvious that investors had four central concerns: 1. “The U.S. market is high; how do we know when it is topping or has topped?” 2. “What Read more
Mainland Chinese and Hong Kong Stocks We are bullish on mainland Chinese and Hong Kong stocks. The Shanghai stock market is going up, and there are several theories about why it is rising. Our favorite is that when the U.S. grows more slowly, money migrates to China. In our opinion, Read more
The China Bull Rages China’s domestic stock markets in Shanghai and Shenzhen have put on strong rallies since the middle of 2014. Recently, the China rally shifted into high gear. We believe this outperformance is being driven by the desire of the Chinese government to draw domestic investors into stocks Read more
Don’t Fight The Central Banks European QE is ongoing, and we believe it will have the same effect in Europe that it did in the U.S. — boosting stock prices. We think that dividend-paying exporters will do particularly well. Europe is not the only place where easing is still ongoing. Read more
Investors are Concerned About Future Fed Behavior… Especially Interest Rate Increases We read carefully the comments by Fed vice-chairman Fischer — the eminent, wise, and experienced central banker. Mr. Fischer believes that U.S. rates will probably rise late in late 2015. Rates will rise at least partially due to the Read more
The Kondratiev Wave: Today and in the Great Depression As regular readers know, we have for years talked about Nikolai Kondratiev and his theory of long waves in economic and social life — a theory with which we are in general agreement. Here’s a brief refresher on Kondratiev waves (also Read more
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