Tag: Gold

  • Was August the Calm Before the Storm?

    | | Economy, Investment Strategies

    Historically the summer markets coincide with tight ranges and low volume. Trends seem to dry up, markets trade in tight ranges and short term opportunities can be rare. For instance, the past 30 day range in the SP 500 has been the tightest range seen since 1995. That particular market led to a 180% rally in the stock market over the next four years. However today’s market has its own unique headwinds including rate hike decisions that are eagerly awaited, dissected, and then obsessed over, as well as a very unique presidential election around the corner. Whether it breaks up or down matters little to me … Read more Was August the Calm Before the Storm?
  • Gold Spotlight: Cervino Capital Management LLC Gold Covered Call Writing Program

    | | Spotlight

    In 1971 President Nixon imposed a 90-day wage and price control program and other various expansionary fiscal policies in what became known as the “Nixon Shock”. More importantly, Nixon closed the gold window to prevent foreign governments that had been holding dollar-denominated financial assets from demanding gold in exchange for their dollars. By January 1976 a G-7 agreement ended the formal role of gold as the principal reserve asset, legitimizing the de facto system of fiat currencies and floating exchange rates. The reason for retelling this story is because these events led to the formation of the gold leasing market … Read more Gold Spotlight: Cervino Capital Management LLC Gold Covered Call Writing Program