Atlas Pulse is a newsletter focusing on precious metals, digital assets, start ups, financial markets and other matters. In other roles, he is an entrepreneur and an advisor. Prior to April 2015, he spent 17 years at HSBC Global Asset Management as the Head of Absolute Return managing a multi-asset fund range. His specialist fields are gold, equity momentum and crypto currencies. He is a familiar face in the financial media with over 200 appearances on financial TV channels. In 2012, he addressed the London Bullion Metals Association at their annual conference in Hong Kong with three core models to determine the state of the gold market; a concept, which led to the creation of Atlas Pulse. Prior to a career in fund management, Charlie was an officer in the Grenadier Guards.
September 2014: Silver Smash
It is silver that is likely to take the severe pain. The speculative interest from a range of actors is nearly twice the level it ‘ought’ to be at tis stage of the game. In a new bull market, you would normally expect gold shares to rally the most and silver to catch up at a later stage. Current positioning is way out of line.
The final storm could be upon us.
(on the miners)
The speculators are off target. Both the juniors and the majors are dirt cheap, but there is no need to take additional risk when the potential upside is similar. As they say in McDonald’s, go large. Gold mining shares are cheap… but if gold falls to $1,000, they will follow.
Bitcoin has been falling on low volatility which is a first in its history… and it turned negative as the 34 and 46 day simple moving averages are now pointing south… $450 is the key support level and a break below that would be no fun at all.