Investing

Gold's tendency to move opposite the dollar comes from where it sits, outside the system that issues it and beyond the reach of any government or central bank. Bitcoin's link to the dollar runs the same direction but far looser, so its claim rests on that shared independence rather than on any price relationship. Both are non-sovereign currencies, money no government issues and no central bank can expand. That can sound like…

The knee-jerk reaction of investors to geopolitical crises is to extrapolate the most recent events into the future and expect an escalation of a new conflict. This is when geopolitical experts are on TV and in the press with their predictions of World War III or a 1970s style oil shock and stagflation, etc. Ignore those warnings and doom and gloom forecasts as in most cases they are based on an assumption that the crisis…

Momentum Works Globally The momentum effect appears consistently across international stock markets, with premiums comparable to those in the U.S—there were positive momentum returns in all 31 countries with sufficient data since 1990, with the majority showing statistically significant results. 3. Momentum Is Multi-Dimensional Perhaps the most innovative finding is that momentum extends far beyond simple price trends. The…