To say that last year was unique would be an understatement as the COVID pandemic swept through the world, causing mass lockdowns in most countries. The pandemic changed the economic landscape fore
The US oil rig count fell by 75% to 180 rigs in less than four months afterwards, the lowest level on record.
If the FED chooses to underwrite government spending (as in the 1960s), the dollar will take the strain. Back then, the dollar fell 50% vs the Deutschemark and Yen.
The gold and other international financial markets may be facing the greatest challenges since Richard Nixon closed the ‘gold window’ in August 1971.
This sustained call option buying has put a fire under the market, driving it to levels which are indefensible from a valuation perspective.
We are on record as having forecast a general decline in the price of crude oil for the second half of 2020. Our overriding rationale for this stance is that we believe the optimistic views of a sw
Positive sentiment towards equities is practically at unprecedented levels. Valuations are at positive extremes which largely ignore the significant economics risks, which persist in the wake of th
The South African government has been dramatically exposed as an emperor without clothes in the first half of 2020 and they are no longer the borrower of choice for lending institutions.
By virtually any metric South African government finances are in disarray. An already vulnerable position has been exacerbated by the entirely unexpected Covid-19 global pandemic.
The gold-oil ratio is a good indicator of the health of the economy, a low ratio indicates a healthy economy; whereas, a higher ratio indicates an economy in distress.