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Gold: The Barbaric Relic, or The New Internet Stock?
Gold spiked 2.7% last week as investors anticipated more ECB easing; and finally, QE3 from the Federal Reserve as Friday’s jobs report (+96,000) disappointed. Gold closed $1,737.60 an ounce for the...
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The Superclass: A Rational (Investor’s) Perspective
It’s that time of the election cycle again. Many frequent musings I overhear include: “This is one of the most important Presidential elections.” “The market is going to sink by 30% and the U.S. is...
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CB Capital’s 2013 Price and Risk Outlook for Major Asset Classes
Happy New Year. Following is our 2013 price and risk outlook for selected major asset classes. We are publishing our annual price and risk outlook for the first time, so a little explanation is...
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Behind the Panic Selling in Gold
In our January newsletter (please contact us for a copy), we argued that gold was in a major correction phase, and that over the next 12 to 18 months, gold will correct to the $1,100 to $1,300 range....
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A Technological Revolution in the Making – The U.S. Giant Awakens
Note 1: We asserted in our June 18th commentary that WTI crude oil will definitively rise above $100 a barrel this summer, driven by the ongoing U.S. economic recovery, steady oil demand from China...
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Our Revised 12-Month Outlook on Major Asset Classes
In our inaugural 12-month asset price outlook published on January 7, we rated Developed Equities a “7.” A rating of “5” suggests a return outlook close to its historical average (since 1926, the...
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An Imminent Correction in Risk Assets
In our 2014 U.S. stock market outlook (published on December 22, 2013), we asserted that U.S. stocks will only return in the single-digits in 2014, due to: 1) a tightening Fed, 2) the reluctance of the...
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Short-term Deflationary Pressures Mean More Downside for Gold Prices
We became bearish on gold prices in late 2012, and first articulated our $1,100-$1,300 price target in our January 25, 2013 global macroeconomic issue–when gold traded at $1,660 an ounce. Over the last...
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Revising Our Price Target of Gold to $950-$1,100 an ounce
We first became bearish on gold prices in August 2011, when gold traded at $1,848 an ounce. Even though we understand systemic risks in the Euro Zone were real, we thought gold was highly overbought...
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The Fed Paves the Way for Running a “High-Pressure Economy” (Along with...
Since the beginning of last year (see my February 4, 2015 commentary “U.S. Inflationary Pressures Remain Muted” and my March 1, 2016 Forbes commentary “Why Federal Reserve Tightening Is Still A Distant...
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