Market insights and analysis

How dynamic, risk-managed investment solutions are performing in the current market environment

2nd Quarter | 2021

Market insights and analysis

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Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.

Gold rose above its previous support level at $1,750 per ounce last week to close the week at $1,784 per ounce (see chart below).  

There is now evidence that the post-vaccine surge in the U.S. economy is wearing off, and the confluence of various crises may not only produce a pause in growth, but a big drop.

Tyler Durden of ZeroHedge agrees, noting “ … with China bracing for a softish (if not much harder) landing, with countries imposing Covid lockdowns all over again, and with the US consumer tapped out and no longer spending like a drunken sailor, the peak is long behind us … and nowhere is it clearer than the latest Fund Manager Survey from BofA's Michael Hartnett in which 257 panelists with $749bn in AUM, indicated that growth, profit and inflation expectations are crashing as a result of what Hartnett dubs the ‘Peak Boom.’”

Add to these factors the recent explosive rise in inflation and the now ongoing chaos in Afghanistan, investors should take advantage of gold as a “safe haven”.

Rick Andrews is president of Avant Capital Management.



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