Glacier Invest’s Post

Looking at the SPDR Gold ETF chart, there’s a generally rising trend over the last five days. This positive movement could be interpreted as investors turning to gold, which is often seen as a safe-haven asset during times of economic uncertainty or when the likelihood of a rate cut becomes less clear. In the Gold Volatility Index chart, a notable increase in volatility is apparent, especially in recent days. This rise in volatility typically indicates heightened investor concerns and more active trading in gold as a response to an unclear monetary policy outlook. Overall, the uptrend in the gold ETF and the jump in the gold volatility index could suggest that investors are seeking stability in gold amidst uncertainty around interest rates. This is in line with traditional market behavior where investors often find gold more attractive when they expect lower returns from bonds due to stable or rising interest rates. #marketing #finance #economy #investing #investment #sustainability #data #climate

🚫 Fund Managers Hate #Commodities (Again) ▶️ According to the latest BofA fund manager survey, investors continue to sell commodities. Allocation-wise we’re now back at levels we were at the beginning of the pandemic back in 2020. Long commodities is now a contrarian trade again. ▶️ Bonds and #gold are also the preferred store of value at the moment for BofA’s Michael Hartnett. The strategist — who was largely bearish on stocks last year and has previously expressed his preference for bonds in 2024 — said that stocks are now pricing in more Fed easing and about 18% earnings growth for the S&P 500 by end-2025. ▶️ It doesn’t “get much better than that for risk, so investors are forced to chase” the rally, Hartnett wrote in a note. Still, he cautioned that “bubble risks” are returning and recommended buying the dip in bonds and gold. ▶️ But - also the long gold trade becomes slightly crowded according to the BofA data - of course, the long gold trade has much more room to go sentiment-wise, but I think it is important to highlight that the trade has in fact reached a consensus view by now. Research by Kucrop Analytics #markets #finance #hedgefonds

Day 41/90 Day 11 of Industry Analysis _What is an Exchange-Traded Fund (ETF)?_ An ETF is a pooled investment vehicle offering: - Diversification benefits - Real-time trading - Lower expenses due to passive management ETFs track: - Indices (e.g., Nifty, S&P 500) - Commodities (e.g., gold, oil) - Asset classes (e.g., stocks, bonds) ETFs provide diversified, real-time investment exposure to various asset classes, indices, or commodities, with lower expenses due to passive management. #ETF #exhange #trader #incest #stocks #market #gold #oil #bonds #nifty

📊 𝐔𝐧𝐝𝐞𝐫𝐞𝐱𝐩𝐥𝐨𝐫𝐞𝐝 𝐓𝐞𝐫𝐫𝐢𝐭𝐨𝐫𝐲: 𝐓𝐡𝐞 𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐂𝐚𝐬𝐞 𝐨𝐟 𝐆𝐨𝐥𝐝 𝐢𝐧 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 📊 Recent data from Bank of America reveals a striking disconnect in the investment world: a staggering 75% of advisors report having minimal exposure to gold, with less than 1% of assets invested in this classic safe haven. The charts attached dive deeper, showing a sustained trend over the past years where the majority of advisors show low interest in increasing their gold holdings. Despite gold's historical role as a hedge and a store of value, these numbers suggest a significant underweight in gold within portfolios. This begs the question: In an era marked by market volatility and inflation concerns, are advisors overlooking gold's potential as a diversifier? Or is the traditional allure of gold fading in the face of new investment frontiers? Source: Wealth Management Marketing Research, BofA US Equity & Quant Strategy #Investment #Trends #GoldInvestment #Gold #PortfolioManagement #MarketResearch #BofA #GlobalResearch

This just isn't the same #gold market as a few short months ago. Gold does not hedge against liquidity and deleveraging dynamics, which are now counterintuitively weighing on prices despite the risk-off trading environment and meltdown in yields. Listen into this great conversation with andrew bell on BNN Bloomberg, where we discussed how the positioning landscape under the hood is also concerning. Not only are macro funds well positioned, but flows following the considerable miss in jobs data tell us they are also tapped out for the time being. Systematic funds are 'max long', with a low bar for outflows. Asian speculators are also vulnerable, with near-record positions held in precious metals as a currency-depreciation hedge, the driver of which is now unwinding. In this context, gold markets are vulnerable to a rise in yields that could potential morph the recent risk-off trading activity into a widespread #deleveraging event. TD Securities #TDCommodities #TDStrategy

GOLD! I have always maintained that a balanced multi-asset portfolio should have an allocation into this asset class in a range of between 5-10%. The percentage weight should reflect the manager’s overall views on the macro outlook. As geopolitical risks rise, I have increased the percentage weight of my portfolio in the asset class six fold. This is not a stock or fund recommendation but it may serve to act as a comparator to other instruments in the universe; l chose the Wisdom Tree Physical Gold (PHGP), the physically backed by gold bullions ETF, which is cost effective at 0.39% OCF. This has served to lift the returns on my portfolio handsomely. Hope you find this informative. Please let me know your views in the comments. #investments #multiassets #portfoliomanagement #assetallocation #gold

#Gold prices are trading near all-time highs. What if I told you that a period of high deficits, slowing growth, sticky inflation, currency devaluation and an imminent cutting cycle has already attracted capital towards gold's warm embrace. Listen into this great conversation with andrew bell at BNN Bloomberg. Our advanced positioning analytics provide an edge: informing that macro fund positioning is now at max levels only otherwise seen during the Brexit referendum in 2016, the "stealth QE" narrative in 2019, or during the peak of the Covid-19 panic in March 2020. This time around, CTAs are also max long, and Shanghai traders have built up their length to new record highs. Barring an imminent recession, this just might be as good as it gets for gold. Clients - reach out to hear more about what our process can do for you. TD Securities #TDStrategy #TDCommodities

Imagine an investment universe holding three asset classes: #Equities, #Bonds, and #Gold. Historical data reveal that having a traditional 60-40 portfolio (60% Equities, 40% Bonds) would have roughly the same Sharpe ratio as a 60-40 portfolio consisting of 60% Equities and 40% Gold. In recent years: - Gold has outperformed Bonds - The #correlation between Equities and Bonds has turned positive (as it has been for most of history) - The correlation between Equities and Gold is low and relatively stable - The #volatility of Bonds relative to Equities is rising. - The volatility of Gold relative to Equities is relatively stable. Based on these hard data, having at least all three asset classes in a strategic mix seems straightforward. However, in practice, nearly every strategic asset allocation includes a massive weight in Bonds and ZERO in Gold. I expect this to change during 'The Great Rebalancing.' No doom scenarios required!

After surging to $2070/oz in Q1 2022, the gold price has seen a period of recalibration and consolidation, while still outperforming global equities, bonds, and other alternatives. Looking ahead, investors will likely continue to seek gold to protect against economic uncertainty, tighter monetary policies to control record inflation, and ongoing geopolitical uncertainty. Pramit Mukherjee, Senior Director, Investments, Legal & General America and Maxwell Gold, CFA, Head of Gold Strategy, State Street Global Advisors  discuss diversification risk management attributes gold can deliver to help navigate existing and emerging market challenges. #MarketsGroupIF

There were many surprising stats from this month’s ETF flows — from $123 billion of inflows (second-best all time) to a record $33 billion into active #ETFs. And ETFs are on pace to hit $1 trillion in total inflows this year. But the inflows into commodities, specifically gold, stood out. Broad-based commodity ETFs saw their first month of inflows since May — taking in $370 million. And of the $4 billion into commodities overall, $2.6 billion flowed into gold-backed ETFs. October was gold ETFs’ fourth month in a row with inflows — $7 billion came in during that period as investors positioned for lower real rates, a weaker US dollar, and an uncertain macro climate. This four-month stretch of positive gold flows is just one month away from being the longest streak of inflows since 2020. And gold’s trailing three-month figure is now at its highest level since 2022 (chart below).