Journal
July 2020
June 2020
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Everything is going to be fine
Dear Ladies and Gentlemen Central Banks are doing everything to avoid economic calamities, and I am not necessarily against it. However, now it seems we are entering an entirely new phase of central bank intervention in financial markets. Central banks are now buying corporate bonds directly in the markets. While this may seem not worth […]
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Year-End Competition Update
Dear Ladies and Gentlemen Time for an update on our year-end competition. The estimates are wide-spread; this is great and makes it more fun than if everybody is around the same numbers. Gold: The highest estimate comes from Hannes. His estimate for the 2020 year-end price stands at USD 2’000. The lowest estimate comes from […]
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Inflation ?
Dear Ladies and Gentlemen Thank you very much for all your positive feedback on the Oscar Wilde quote. I am happy you liked it. Today I am asking myself: Are there any signs of inflation? Currently, we cannot say so. We do not see any significant increase in commodity futures prices. Especially on the energy […]
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What’s next?
Dear Ladies and Gentlemen Some new participants joined our year-end competition last week. This is perfect. Thank you very much. After the massive rally, we have seen since the March lows, many of my readers ask me what I am expecting for the next months. Those who read my weeklies for a longer time know that […]