precious metals

Peak Growth: Cycle in Review, Commodities, and Precious Metals

Download PDF: Blow-out number of various economic indicators coming in the past weeks – PMI, retail sales, inflation – suggest that the global cycle is peaking out and the strongest period of growth is in the rear-view mirror. In the short-term, the risk assets rally that began in March 2020 is likely to take aContinue reading “Peak Growth: Cycle in Review, Commodities, and Precious Metals”

Where Are Precious Metals Headed?

Download PDF: The rally in gold and silver prices this year has been impressive, although both metals have corrected somewhat. With the prospect of further stimulus still being debated, it is useful to revisit the thesis behind our bullish call on precious metals and reassess our portfolio positioning. First, let us start with the tailwinds:Continue reading “Where Are Precious Metals Headed?”