The new normal - Alec Hogg, Moneyweb / Panning for gold in muddy waters - Kerrin Howard, Discovery Invest / Lessons learned from the collapse of Lehman Brothers - David Shapiro, Sasfin
1. The SGMT trading system had a gross return of -0.44% in December 2016. The largest losses came from the Australian dollar and Japanese yen.
2. In December, SGMT lowered its leverage from an average of 3.62 to 1.8 due to uncertainty around Trump's economic policies.
3. Looking forward, SGMT expects volatile markets as Trump's policies are developed and global political and economic risks remain.
Lincoln Crowne & Company Weekly report on the Australian Copper & Gold Sectors - dated 29 July 2013. Continuing soft conditions on the AUD providing ongoing support for Aussie gold producers
The document provides a historical overview of global stock market performance over the past several decades from the 1960s to 2011. It notes that the 1980s, 1990s, and 2000s brought economic and political turmoil, including high inflation, currency crises, two Gulf Wars, and two major stock market crashes. However, despite downturns, global stock markets provided positive returns overall for investors in the 1980s, 1990s, and late 1990s/2000s. The document concludes that while the next 20 years remain uncertain, investors can prepare by paying down debts, saving and investing prudently over the long run as history shows markets tend to rise over time.
DSP World Gold Fund
An Open Ended Fund Of Funds Scheme investing in Gold Mining Companies through International Funds
This Open-ended Fund of Funds Scheme is suitable for investors who are seeking*:
1. Long-term capital growth
2. Investment in units of overseas funds which invest primarily in equity and equity related securities of gold mining companies
3. High Risk**
*Investors should consult their financial advisors if in doubt about whether the Scheme is suitable for them.
**Risk may be represented as:
Low: Investors understand that their principal will be at low risk
Moderately Low: Investors understand that their principal will be at moderately low risk
Moderate: Investors understand that their principal will be at moderate risk
Moderately High: Investors understand that their principal will be at moderately high risk
High: Investors understand that their principal will be at high risk
1. The SGMT trading system had a gross return of -0.44% in December 2016. The largest losses came from the Australian dollar and Japanese yen.
2. In December, SGMT lowered its leverage from an average of 3.62 to 1.8 due to uncertainty around Trump's economic policies.
3. Looking forward, SGMT expects volatile markets as Trump's policies are developed and global political and economic risks remain.
Lincoln Crowne & Company Weekly report on the Australian Copper & Gold Sectors - dated 29 July 2013. Continuing soft conditions on the AUD providing ongoing support for Aussie gold producers
The document provides a historical overview of global stock market performance over the past several decades from the 1960s to 2011. It notes that the 1980s, 1990s, and 2000s brought economic and political turmoil, including high inflation, currency crises, two Gulf Wars, and two major stock market crashes. However, despite downturns, global stock markets provided positive returns overall for investors in the 1980s, 1990s, and late 1990s/2000s. The document concludes that while the next 20 years remain uncertain, investors can prepare by paying down debts, saving and investing prudently over the long run as history shows markets tend to rise over time.
DSP World Gold Fund
An Open Ended Fund Of Funds Scheme investing in Gold Mining Companies through International Funds
This Open-ended Fund of Funds Scheme is suitable for investors who are seeking*:
1. Long-term capital growth
2. Investment in units of overseas funds which invest primarily in equity and equity related securities of gold mining companies
3. High Risk**
*Investors should consult their financial advisors if in doubt about whether the Scheme is suitable for them.
**Risk may be represented as:
Low: Investors understand that their principal will be at low risk
Moderately Low: Investors understand that their principal will be at moderately low risk
Moderate: Investors understand that their principal will be at moderate risk
Moderately High: Investors understand that their principal will be at moderately high risk
High: Investors understand that their principal will be at high risk
Hurricane Sandy caused massive damage and disruption on the East Coast of the United States. The document discusses the powerful impact of natural disasters but notes that focusing too much on unpredictable events is not a good investment strategy. Historically, the period after the US presidential election in November through January tends to be a positive time for the stock market as uncertainty is reduced. The newsletter provides a review of global market performance and benchmarks for Canadian investors.
The SGMT trading system generated a gross return of 5.83% in July 2016, with the strongest returns coming from the Japanese Yen and Australian Dollar. Overall market movements were volatile in July as markets assessed risks from Brexit and anticipated monetary policy actions from central banks. SGMT's risk management approach helped reduce volatility and generated modest excess returns compared to maintaining a full model exposure.
- Challenged by slow economic growth versus Asia
- GDP: Consumption-driven GDP
- Dragged down by weak earnings and moderately expensive
- Health Care is the only sector with positive 3mth return
The SGMT trading system had a gross return of -1.54% in June 2016. June was a tumultuous month due to the Brexit vote, with markets highly underestimating the chance of a leave vote. On June 23rd, the UK voted to leave the EU, contrary to market expectations. This caused sharp reactions across markets. SGMT avoided further losses by exiting positions a day before the Brexit vote to control for potential downside risks from the political event.
- The document provides a weekly market summary and forecast for the period of June 8-12, 2020.
- It summarizes recent economic data from the US, Eurozone, UK, Germany and highlights a strong rebound in US job growth in May.
- The upcoming week is highlighted by the US FOMC meeting and interest rate decision. Technical analysis forecasts are given for major currency pairs and gold, identifying support and resistance levels.
- Charts from the previous week are reviewed showing currency trades and profits made based on the previous weekly forecast.
The document analyzes the investment performance of rare U.S. coins from 1979 to 2011. It finds that over this period, high quality coins and stocks had the highest average annual returns, though their returns were also the most volatile. Coins had a higher correlation with inflation than other assets like gold. Adding a modest proportion of rare coins to portfolios containing stocks, bonds and bills generally improved returns and reduced volatility over the past three decades. The results suggest including rare coins in an existing portfolio could enhance investment performance.
In 1995, Dr. Raymond Lombra, an economist at Pennsylvania State University, presented a 40-page report to U.S. Congress that demonstrated the benefits of including rare coins and gold in Individual Retirement Accounts (IRAs). This report addressed a 20-year-span from 1974 to 1993 and was commissioned by the Coalition for Equitable Regulation and Taxation (CERT) and paid for by the World Gold Council.
This document summarizes and analyzes recent market movements and Federal Reserve actions. It discusses how strong economic news that should normally be good for stocks has instead led to selling off as investors anticipate the Fed tapering its stimulus program. The author expects the Fed to only taper slightly or not at all at its upcoming September meeting in order to avoid harming the housing and labor market recoveries. The document also critiques exaggerated claims about rising bond yields.
2017 T. Rowe Price Global Economic OutlookT. Rowe Price
The document provides an overview and analysis of the global economy from the perspective of Alan Levenson, Chief U.S. Economist. It notes that global growth quickened in mid-2016 but post-crisis headwinds could limit further recovery. Developed markets are experiencing slower growth than emerging markets. U.S. expansion still has potential but recession risk is low in the near term. Debt levels remain high globally but are decreasing in some developed nations and increasing in others. Inflation is below central bank targets in most nations. Monetary policies continue to diverge between nations as some central banks further reduce rates while others consider reducing stimulus. Political risks remain in key countries and regions in 2017.
2017 Market Outlook - International Equity T. Rowe Price
Our Head of International Equity, Chris Alderson, discusses his perspective on the current global equity environment and what investors could expect to see in 2017.
This document provides a summary of global market performance for the third quarter of 2013. Major developments included the US Federal Reserve refraining from tapering bond purchases and markets hitting highs. International stocks strongly outperformed US stocks, with small caps outperforming large caps. Emerging markets rebounded late in the quarter while developed international markets posted double-digit returns. Bonds modestly increased in the US.
Presentación del evento: https://youtu.be/JeEunc1qJEI
Wim Antoons se centra en "Market timing". Esto se refiere al movimiento "in and out" de los mercados de renta variable en previsión de un mercado alcista o bajista. La cuestión clave que trata de contestar es si los inversores pueden aprovechar el “market timing” y mejorar sus rendimientos a largo plazo. La entrevista se centra en las oportunidades y los riesgos que implica el "market timing", siempre con una perspectiva a largo plazo de invertir en mercados de renta variable. Ser un inversor “value” supone una estrategia de “comprar y mantener” además que una gestión activa de convicciones. Tratamos de determinar si los inversores de largo plazo deben esperar para poner su dinero a trabajar, o invertir directamente. Los gurús, los gestores de fondos, y los inversores individuales han investigado en buscar pruebas de la existencia de una estrategia eficiente de “market timing”. Warren Buffett una vez dijo que " la bolsa está diseñada para transferir dinero del activo al paciente”.
Hedge Fund Pitch Book - Terebellum Investment GroupFrank Serebrin
This document provides information about Terebellum Investment Group, including biographies of the co-founders Jeff Williams and Wes Cooper who have experience in IT project management and trading respectively. It discusses Terebellum's investment approach of focusing on risk management through trading futures, using both systematic and discretionary strategies. Performance metrics are provided showing the fund outperforming benchmarks with lower risk.
Australian gold mines, analysts argue, have largely become more profitable during the past year on the back of the falling local dollar and a trend for miners to axe costs.
Why Invest In Gold? Gold and Paper Money “ Gold is money because people make it money . Paper money is money because governments make it money. But what happens if people lose their faith in governments, and the U.S. government in particular?” Source: Peter Schiff Blog, 24 Sep 2010 Peter Schiff is the President of Euro Pacific Capital Inc and the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse . Why Gold: Peter Schiff
Why Invest In Gold? Gold and Paper Money Given the state of the US and global economy, I believe it is more important than ever for investors to own gold and silver as a portion of their portfolios. Inflation, depression, and sovereign default are all possible scenarios I see on the horizon. I believe that precious metals will perform better the darker the economic storm-clouds become. Why Gold: HwangDBS Source: Peter Schiff Blog, 24 Sep 2010 Peter Schiff is the President of Euro Pacific Capital Inc and the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse .
Why Invest In Gold? Gold investing is deemed the safest and most reliable bet. David Ng, Chief Investment Officer of HwangDBS Investment Management Bhd Source: Personal Money, April, 2009 issue
Why Invest In Gold? Demand for gold will always be there as it’s tradable, portable and convertible. Choong Wai Hong, Head of Wealth Management, Standard Chartered Bank Malaysia Bhd. Source: Personal Money, April, 2009 issue
Why Invest In Gold? Investors can’t go bankrupt with physical gold. David Crichton-Watt, Managing Director of The Phoenix Gold Fund, AIMS Asset Management Sdn Bhd Source: Personal Money, April, 2009 issue GoldSilverDvd.com
6 Ways To Invest Gold
Gold Bullion and Coins
Gold-Mining Companies
Gold and Gold–Related Funds
Gold Passbook Accounts
Gold ETFs (Exchange Trade Fund)
Structured Products
Source: Personal Money, April, 2009 issue Experts: Jim Rogers
Uses of Gold Above Ground Gold Production
National Reserves
Governments hold Gold reserves as a backing to their currency’s value.
In 2010, Russia’s central bank bought up an astounding 2/3 of the country’s entire national production.
India purchased closed to 750 tons, breaking the record of the previous year by almost 40%.
China – the biggest gold market of them all – has stated an intention to raise their national reserves by 849%, or 10,000 tons, worth half a trillion US$ by the end of the decade.
Currently the US occupies the No. 1 spot with 8,133 tons of gold.
Uses Of Gold
Only 50-80 grams of gold
is found in 1 tonne (1 million
grams) of mined ore.
Facts About Gold Fact 1 Finding and mining gold is extremely difficult, complex and expensive.
Miners cannot increase supply even when prices are high.
Facts About Gold Fact 2 New mines often take 10 years and billions of dollars of infrastructure to begin contributing to supply.
Annual gold production
has not increased over
the last 10 years & actually
decline 8 out of 10 years
(A
The Japanese yen was given another reprieve by the G7 after intense discussions, but the yen's outlook remains tied to risk trends. If risk declines, deleveraging of underfunded carry trades could quickly push the yen higher. The document also includes the daily forex report's analysis of various currency pairs and economic indicators, and previews upcoming high-impact economic data releases.
This document provides instructions for installing the Aegir hosting platform in 3 steps: 1) installing software requirements like Apache, PHP, and MySQL, 2) configuring system requirements such as DNS, users, and permissions, and 3) running the install script. It describes setting up the Aegir user, configuring Apache and MySQL listening, and installing Aegir via the install.sh script. Remote servers need the same Aegir user and Apache configuration. The installation provides a one-time login URL to access the new Aegir site for the first time.
L'estimation des projets Drupal n'est pas plus simples ou plus complexe que celle des projets web en général.
La gestion des projets au forfait est dangeureuse sur de gros projets et peut couter cher aux agences et SSII.
Nous proposons de partager ici les points importants, metrics et outils que nous utilisons à Adyax pour l'estimation et la gestion des projets Drupal au forfait.
Hurricane Sandy caused massive damage and disruption on the East Coast of the United States. The document discusses the powerful impact of natural disasters but notes that focusing too much on unpredictable events is not a good investment strategy. Historically, the period after the US presidential election in November through January tends to be a positive time for the stock market as uncertainty is reduced. The newsletter provides a review of global market performance and benchmarks for Canadian investors.
The SGMT trading system generated a gross return of 5.83% in July 2016, with the strongest returns coming from the Japanese Yen and Australian Dollar. Overall market movements were volatile in July as markets assessed risks from Brexit and anticipated monetary policy actions from central banks. SGMT's risk management approach helped reduce volatility and generated modest excess returns compared to maintaining a full model exposure.
- Challenged by slow economic growth versus Asia
- GDP: Consumption-driven GDP
- Dragged down by weak earnings and moderately expensive
- Health Care is the only sector with positive 3mth return
The SGMT trading system had a gross return of -1.54% in June 2016. June was a tumultuous month due to the Brexit vote, with markets highly underestimating the chance of a leave vote. On June 23rd, the UK voted to leave the EU, contrary to market expectations. This caused sharp reactions across markets. SGMT avoided further losses by exiting positions a day before the Brexit vote to control for potential downside risks from the political event.
- The document provides a weekly market summary and forecast for the period of June 8-12, 2020.
- It summarizes recent economic data from the US, Eurozone, UK, Germany and highlights a strong rebound in US job growth in May.
- The upcoming week is highlighted by the US FOMC meeting and interest rate decision. Technical analysis forecasts are given for major currency pairs and gold, identifying support and resistance levels.
- Charts from the previous week are reviewed showing currency trades and profits made based on the previous weekly forecast.
The document analyzes the investment performance of rare U.S. coins from 1979 to 2011. It finds that over this period, high quality coins and stocks had the highest average annual returns, though their returns were also the most volatile. Coins had a higher correlation with inflation than other assets like gold. Adding a modest proportion of rare coins to portfolios containing stocks, bonds and bills generally improved returns and reduced volatility over the past three decades. The results suggest including rare coins in an existing portfolio could enhance investment performance.
In 1995, Dr. Raymond Lombra, an economist at Pennsylvania State University, presented a 40-page report to U.S. Congress that demonstrated the benefits of including rare coins and gold in Individual Retirement Accounts (IRAs). This report addressed a 20-year-span from 1974 to 1993 and was commissioned by the Coalition for Equitable Regulation and Taxation (CERT) and paid for by the World Gold Council.
This document summarizes and analyzes recent market movements and Federal Reserve actions. It discusses how strong economic news that should normally be good for stocks has instead led to selling off as investors anticipate the Fed tapering its stimulus program. The author expects the Fed to only taper slightly or not at all at its upcoming September meeting in order to avoid harming the housing and labor market recoveries. The document also critiques exaggerated claims about rising bond yields.
2017 T. Rowe Price Global Economic OutlookT. Rowe Price
The document provides an overview and analysis of the global economy from the perspective of Alan Levenson, Chief U.S. Economist. It notes that global growth quickened in mid-2016 but post-crisis headwinds could limit further recovery. Developed markets are experiencing slower growth than emerging markets. U.S. expansion still has potential but recession risk is low in the near term. Debt levels remain high globally but are decreasing in some developed nations and increasing in others. Inflation is below central bank targets in most nations. Monetary policies continue to diverge between nations as some central banks further reduce rates while others consider reducing stimulus. Political risks remain in key countries and regions in 2017.
2017 Market Outlook - International Equity T. Rowe Price
Our Head of International Equity, Chris Alderson, discusses his perspective on the current global equity environment and what investors could expect to see in 2017.
This document provides a summary of global market performance for the third quarter of 2013. Major developments included the US Federal Reserve refraining from tapering bond purchases and markets hitting highs. International stocks strongly outperformed US stocks, with small caps outperforming large caps. Emerging markets rebounded late in the quarter while developed international markets posted double-digit returns. Bonds modestly increased in the US.
Presentación del evento: https://youtu.be/JeEunc1qJEI
Wim Antoons se centra en "Market timing". Esto se refiere al movimiento "in and out" de los mercados de renta variable en previsión de un mercado alcista o bajista. La cuestión clave que trata de contestar es si los inversores pueden aprovechar el “market timing” y mejorar sus rendimientos a largo plazo. La entrevista se centra en las oportunidades y los riesgos que implica el "market timing", siempre con una perspectiva a largo plazo de invertir en mercados de renta variable. Ser un inversor “value” supone una estrategia de “comprar y mantener” además que una gestión activa de convicciones. Tratamos de determinar si los inversores de largo plazo deben esperar para poner su dinero a trabajar, o invertir directamente. Los gurús, los gestores de fondos, y los inversores individuales han investigado en buscar pruebas de la existencia de una estrategia eficiente de “market timing”. Warren Buffett una vez dijo que " la bolsa está diseñada para transferir dinero del activo al paciente”.
Hedge Fund Pitch Book - Terebellum Investment GroupFrank Serebrin
This document provides information about Terebellum Investment Group, including biographies of the co-founders Jeff Williams and Wes Cooper who have experience in IT project management and trading respectively. It discusses Terebellum's investment approach of focusing on risk management through trading futures, using both systematic and discretionary strategies. Performance metrics are provided showing the fund outperforming benchmarks with lower risk.
Australian gold mines, analysts argue, have largely become more profitable during the past year on the back of the falling local dollar and a trend for miners to axe costs.
Why Invest In Gold? Gold and Paper Money “ Gold is money because people make it money . Paper money is money because governments make it money. But what happens if people lose their faith in governments, and the U.S. government in particular?” Source: Peter Schiff Blog, 24 Sep 2010 Peter Schiff is the President of Euro Pacific Capital Inc and the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse . Why Gold: Peter Schiff
Why Invest In Gold? Gold and Paper Money Given the state of the US and global economy, I believe it is more important than ever for investors to own gold and silver as a portion of their portfolios. Inflation, depression, and sovereign default are all possible scenarios I see on the horizon. I believe that precious metals will perform better the darker the economic storm-clouds become. Why Gold: HwangDBS Source: Peter Schiff Blog, 24 Sep 2010 Peter Schiff is the President of Euro Pacific Capital Inc and the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse .
Why Invest In Gold? Gold investing is deemed the safest and most reliable bet. David Ng, Chief Investment Officer of HwangDBS Investment Management Bhd Source: Personal Money, April, 2009 issue
Why Invest In Gold? Demand for gold will always be there as it’s tradable, portable and convertible. Choong Wai Hong, Head of Wealth Management, Standard Chartered Bank Malaysia Bhd. Source: Personal Money, April, 2009 issue
Why Invest In Gold? Investors can’t go bankrupt with physical gold. David Crichton-Watt, Managing Director of The Phoenix Gold Fund, AIMS Asset Management Sdn Bhd Source: Personal Money, April, 2009 issue GoldSilverDvd.com
6 Ways To Invest Gold
Gold Bullion and Coins
Gold-Mining Companies
Gold and Gold–Related Funds
Gold Passbook Accounts
Gold ETFs (Exchange Trade Fund)
Structured Products
Source: Personal Money, April, 2009 issue Experts: Jim Rogers
Uses of Gold Above Ground Gold Production
National Reserves
Governments hold Gold reserves as a backing to their currency’s value.
In 2010, Russia’s central bank bought up an astounding 2/3 of the country’s entire national production.
India purchased closed to 750 tons, breaking the record of the previous year by almost 40%.
China – the biggest gold market of them all – has stated an intention to raise their national reserves by 849%, or 10,000 tons, worth half a trillion US$ by the end of the decade.
Currently the US occupies the No. 1 spot with 8,133 tons of gold.
Uses Of Gold
Only 50-80 grams of gold
is found in 1 tonne (1 million
grams) of mined ore.
Facts About Gold Fact 1 Finding and mining gold is extremely difficult, complex and expensive.
Miners cannot increase supply even when prices are high.
Facts About Gold Fact 2 New mines often take 10 years and billions of dollars of infrastructure to begin contributing to supply.
Annual gold production
has not increased over
the last 10 years & actually
decline 8 out of 10 years
(A
The Japanese yen was given another reprieve by the G7 after intense discussions, but the yen's outlook remains tied to risk trends. If risk declines, deleveraging of underfunded carry trades could quickly push the yen higher. The document also includes the daily forex report's analysis of various currency pairs and economic indicators, and previews upcoming high-impact economic data releases.
This document provides instructions for installing the Aegir hosting platform in 3 steps: 1) installing software requirements like Apache, PHP, and MySQL, 2) configuring system requirements such as DNS, users, and permissions, and 3) running the install script. It describes setting up the Aegir user, configuring Apache and MySQL listening, and installing Aegir via the install.sh script. Remote servers need the same Aegir user and Apache configuration. The installation provides a one-time login URL to access the new Aegir site for the first time.
L'estimation des projets Drupal n'est pas plus simples ou plus complexe que celle des projets web en général.
La gestion des projets au forfait est dangeureuse sur de gros projets et peut couter cher aux agences et SSII.
Nous proposons de partager ici les points importants, metrics et outils que nous utilisons à Adyax pour l'estimation et la gestion des projets Drupal au forfait.
1) The document discusses the opportunity for technology to improve organizational efficiency and transition economies into a "smart and clean world."
2) It argues that aggregate efficiency has stalled at around 22% for 30 years due to limitations of the Second Industrial Revolution, but that digitizing transport, energy, and communication through technologies like blockchain can help manage resources and increase efficiency.
3) Technologies like precision agriculture, cloud computing, robotics, and autonomous vehicles may allow for "dematerialization" and do more with fewer physical resources through effects like reduced waste and need for transportation/logistics infrastructure.
The document summarizes the major themes from the Davos 2010 conference. The five major themes discussed are:
1) Bank bashing, with Sarkozy leading criticism of banks. Banking stocks appear high risk.
2) Rise of China, which is redefining rules for commoditized businesses. China's influence and growth is a major trend.
3) Mounting problems in Europe, with issues around debt, corruption, and competitiveness coming to the forefront.
4) Climate change, where political will is growing due to public concern, and major investment is expected in renewable energy alternatives.
5) African economic growth, with the continent attracting serious investment and forecast as the third
Objective Capital's Industrial Metals, Minerals & Investment Summit 2010
London Chamber of Commerce and Industry
3 November 2010
Speaker: Sacha Backes, International Finance Corporation
The document discusses the recent rally in commodity and equity markets after predictions of a 2016 US recession. It provides details on positive recent US economic data that has driven the rally, including upward revisions to Q4 GDP and better-than-expected employment numbers. However, it cautions that the global economic outlook remains uncertain, with risks including weak data from China and Japan and potential "Brexit." It argues that while recession may not have reached the US yet, economic tides can change rapidly.
Timeless Precious Metal - Monthly Report - November 2014Peter Zihlmann
The document is a monthly report for the Timeless Precious Metal Fund. It discusses the fund's investment philosophy of investing in precious metal mining companies to achieve capital growth and preserve value. It also provides performance updates, noting that gold, silver, and related shares were able to absorb some selling pressure in November. The report discusses the potential impact of a Swiss referendum on gold reserves and maintains that precious metal shares remain at bargain prices. It concludes with fund facts, holdings, and historical performance data.
The document discusses copper price dynamics and provides analysis and recommendations. It notes that copper prices are volatile and cyclical, driven by factors like the financial crisis, China stimulus, and speculative activity. The fundamentals are seen as mildly bearish in the short term due to slowing growth in China and elsewhere. Copper is expected to remain in a downward trend and range-bound between $4,500-$7,000 for the year, with potential for a short-term rally but prices likely to lose steam and return to lower levels. Proper scenario planning and hedging are advised given the uncertainty in copper markets.
Day 1- Session 3: Precious Metals Sector
Gold Dynamics
Objective Capital Global Mining Investment Conference 2010
Stationers' Hall, City of London
28-29 September 2010
Speaker:
Angelos Damaskos - Sector Investment Managers Ltd
Timeless Precious Metal - Monthly Report - November 2014Peter Zihlmann
The document is a monthly report for the Timeless Precious Metal Fund. It discusses the fund's investment philosophy of investing in precious metal mining companies to achieve capital growth and preserve value. It provides performance figures for November 2014, showing the fund declined around 11% over the past year. It also lists the fund's top holdings, asset allocations by country, and historical annual returns since inception.
Investors Guide to the Gold Market (2).pdfJakeCompton2
Learn how to invest in gold. Learn what investing in gold can do for you. Learn how it can help with savings, survive economic troubles, and secure your future. Download your copy now.
The document summarizes Newmarket Gold Inc., an intermediate gold producer. Key points include:
- Newmarket has an experienced management team and strong operating assets in Australia producing over 200,000 ounces of gold annually with exploration upside.
- Production is expected to be 205-220koz in 2015 at declining costs and the company is pursuing a gold-focused consolidation strategy.
- Newmarket's flagship Fosterville mine in Australia has high grade resources with potential to expand at depth and the Cosmo mine also offers expansion opportunities.
- Newmarket trades at a significant discount to peers on key valuation metrics like EV/oz produced and is positioned for value creation through further cost reductions and growth.
Lincoln crowne copper gold weekly report 29072013Nick Assef
The document is Lincoln Crowne & Company's weekly report on the Australian copper and gold markets. It includes:
1) A disclaimer stating that Lincoln Crowne does not guarantee the accuracy of the information in the report.
2) Summaries of market performance for various metals, energy commodities, currencies and stock indexes over the past week, month and year.
3) Analysis of factors impacting copper and gold producers, including rising costs, slowing exploration spending and high unemployment in the mining sector.
The document discusses gold's performance in Q1 2013 and analyzes the recent pullback in gold prices. It makes the following key points:
- Gold prices fell 3.6% in Q1 amid gains in other assets, and dropped another 10% in mid-April. However, gold's volatility declined.
- Analysts have questioned if this signals the end of gold's bull run, but structural changes over the past decade have supported long-term price increases despite past corrections.
- Gold prices have previously fallen more than 10% seven times and over 20% three times since 2001 during its bull run, with prices rebounding after each correction. Emerging market demand has increased during past pullbacks
Growing Asian Demand In Physical Gold And Its Impact On Gold PricesKirill Klip
This document discusses growing Asian demand for physical gold and its impact on gold prices. It notes that key East Asia and Middle Eastern markets account for 53% of global gold demand. It also discusses several market trends, including a softening of physical demand in China as domestic stocks have increased, ample gold supply in India since import restrictions were relaxed, and more balanced investor positioning in gold compared to previous liquidations of gold ETFs. The document argues that Asia's economic ascendance will increase future gold demand and that total Asian retail and institutional demand could double to around 5,000 metric tonnes annually by 2050 as the region's wealth and institutional investment sectors grow substantially.
This document provides an agenda and overview of basic materials, including current holdings, sub-industries, sector leaders, and the materials outlook. It discusses gold supply and demand trends, the rationale for gold investment given factors like increasing global money supply, low real interest rates, and the weak US dollar. Recommendations are made to hold Deere, sell Alcoa, and buy SPDR Gold Trust to benefit from ongoing loose monetary policies, falling real rates, and gold's diversification benefits. Risks and highlights are also outlined.
The document summarizes the global economic outlook following the 2008 financial crisis. It discusses different theories on the shape and strength of economic recoveries after financial crises. It then analyzes the economic situations and outlooks of various regions and countries around the world, including challenges faced by developed economies in Europe and growth prospects for emerging economies such as China, India, and countries in the Middle East.
The document summarizes Warren Buffett and Charlie Munger's advice on navigating the Great Recession from their annual shareholder meeting in 2009. Some key points they discussed include:
- Only buy when others are panicked during times of crisis, as Berkshire Hathaway is following Andrew Carnegie's playbook of investing to build businesses during downturns.
- Understand the durable competitive advantages of businesses and whether they will withstand downturns.
- Develop emotional stability and independent thinking to be a good long-term investor.
The document also reviews economic conditions and investment opportunities in developing markets like China, India, and South Africa compared to developed countries as they were seen to lead the
Growing With Bubbles
The document analyzes previous economic crises and current economic vulnerabilities. It discusses:
1) Previous housing and consumption bubbles in the US that spread globally. Emerging markets like China benefited from capital inflows and adopted export-led growth models.
2) China's massive post-2008 stimulus and infrastructure spending fueled overcapacity issues. China accumulated large debts that now pose risks.
3) Falling commodity prices, including a 70% drop in oil prices since 2014, threaten commodity-exporting countries and regions while reducing inflation globally.
Gold prices have risen significantly in recent years due to concerns about the stability of currencies and as a safe haven investment. The document discusses factors fueling the rise in gold prices, including the European debt crisis weakening confidence in the euro and concerns about inflation. It also notes growing demand from exchange traded funds and countries looking for alternatives to the US dollar. The outlook presented is that gold prices will likely continue rising in the long term due to ongoing volatility and currency issues.
Global foreign exchange reserves declined significantly in 2015 due to depletion by central banks and asset sales by sovereign wealth funds dependent on energy exports as oil prices fell. This decline reduced global liquidity and could squeeze dollar funding. Many high-yield bond funds also faced volatility and redemptions as investors turned risk-averse, with some funds shutting down. Key factors to watch in 2016 that will impact global economic health and liquidity are the US dollar, China's economy, and crude oil prices.
Similar to Moneyweb Investment Focus, with Discovery Invest (November 2009) (20)
Erwin Rode on Prospects for Property (Cape Town presentation)moneyweb
The document summarizes Erwin Rode's presentation at a Moneyweb seminar on October 6, 2011. It indicates that below-average economic growth is expected in South Africa for many years, residential property remains overpriced, shopping center cash flows face ongoing pressure, quality non-residential properties have moderate oversupply nationally but are not overpriced, listed funds' distributions over the next 3 years will slow to around 4% annually and may be negatively re-rated along with long-term bonds.
Rayjay Ambekar on valuations, asset allocation and marketsmoneyweb
The seminar discussed how the world still faces significant debt problems despite crisis being averted. It noted that debt levels remain too high relative to GDP in places like the US, and that saving rates are still low. Charts were presented showing rising debt levels in the US over time as well as declining private and public saving rates. Issues in Europe were also discussed along with how central bank balance sheets continue expanding. It was argued that loose monetary policies have helped drive up stock prices.
Piet Viljoen presented a Moneyweb seminar in October 2011. He discussed various topics related to investing such as quotes from Warren Buffett and JK Galbraith about remaining calm during periods of market madness. He provided suggestions for asset allocation splits between South African and offshore assets with a higher allocation to equities in developed offshore markets. Viljoen also commented on the relative valuations of different geographic equity markets, noting that Japan appeared very cheap at that time while the US still had potential for further declines.
The document is a report from First National Bank (FNB) that provides an analysis of property market trends in South Africa. It summarizes data on house prices, commercial property values, construction costs, demand and supply factors, and investment returns. The report finds that while house prices and commercial property values increased in recent years, the market is showing signs of weakness, with high supply, falling demand, and lengthening times for properties to sell. Total property returns have also started declining again in 2011.
1. The document discusses Erwin Rode's presentation on economic prospects for South Africa and the world.
2. Rode predicts that world and European growth will remain poor for many years, around 10 years, due to the ongoing financial crisis.
3. For South Africa, Rode forecasts lower growth in the coming years as a result of weak global growth and infrastructure constraints domestically, although China may provide some support. Taxes and tariffs are also expected to rise.
Wayne McCurrie on Fixed Income and Cash Investingmoneyweb
Fixed income and cash investing were to be discussed. The agenda included introductions to fixed income markets and cash investing, as well as broad asset allocations. Fixed income includes government, agency, corporate and municipal bonds. Cash investing provides capital preservation but returns are typically lower than inflation over time. Relative valuations of fixed income versus equities were to also be reviewed.
Moneyweb Investment Seminars - Peter Majormoneyweb
Volatility provides opportunities rather than representing risk alone. It allows multiple chances to gain from price movements by magnifying returns through leverage, though it also magnifies losses. While some assets like cash and bonds have relatively low historic volatility, equities and property have exhibited higher volatility but also higher long-term returns over periods of 20 years or more. Successful investing requires understanding how macroeconomic factors influence different asset classes in order to identify assets priced outside their norms and adjust allocations accordingly based on goals, rather than following the general market. Performance is the ultimate measure of an investment, not promises or explanations.
Moneyweb Investment Seminars - David Shapiromoneyweb
The document discusses the current state of the global economy and financial markets. It notes that while the light can be seen at the end of the tunnel, the global economy is still within it due to uncertainties persisting in developed economies like high unemployment and weak housing markets in the US. Emerging markets are forecasted to grow faster than advanced economies. The document also provides investment ideas and stock picks that may perform well in the difficult market environment.
Moneyweb Investment Seminars - Wayne McCurriemoneyweb
Portfolio construction involves balancing risk and return through diversification. The document discusses constructing portfolios using a combination of stocks to reduce overall risk compared to holding individual stocks. It provides examples showing how a portfolio with 50% allocation to two stocks achieves lower risk than either stock individually due to diversification. The document emphasizes diversifying across industries and stocks with low correlations to benefit from diversification and achieve more stable returns.
The document summarizes key points from Warren Buffett's annual Berkshire Hathaway shareholder meeting. It discusses Buffett's views on the financial crisis, stocks he favors, and things he dislikes. It also provides an overview of Berkshire Hathaway's succession plans and Buffett's thoughts on what should be taught in business schools.
Report from WEF Davos 2009 - Presentation by Alec Hogg, Moneywebmoneyweb
The World Economic Forum is committed to improving the global state and holds annual meetings in Davos to set the year's economic agenda. The 2009 meeting saw record attendance from CEOs and government leaders. Speakers discussed the state of the global recession and opportunities emerging from the economic crisis, emphasizing the need for global collaboration on issues like climate change, infrastructure development, and renewable energy. While some leaders expressed optimism that the economic downturn would be temporary, others warned that the worst impact may still be coming and that significant financial sector reforms would be needed. Overall the forum called for a renewed spirit of global cooperation and shared values to guide the world's response.
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
Call8328958814 satta matka Kalyan result satta guessing➑➌➋➑➒➎➑➑➊➍
Satta Matka Kalyan Main Mumbai Fastest Results
Satta Matka ❋ Sattamatka ❋ New Mumbai Ratan Satta Matka ❋ Fast Matka ❋ Milan Market ❋ Kalyan Matka Results ❋ Satta Game ❋ Matka Game ❋ Satta Matka ❋ Kalyan Satta Matka ❋ Mumbai Main ❋ Online Matka Results ❋ Satta Matka Tips ❋ Milan Chart ❋ Satta Matka Boss❋ New Star Day ❋ Satta King ❋ Live Satta Matka Results ❋ Satta Matka Company ❋ Indian Matka ❋ Satta Matka 143❋ Kalyan Night Matka..
Digital Marketing with a Focus on Sustainabilitysssourabhsharma
Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
3 Simple Steps To Buy Verified Payoneer Account In 2024SEOSMMEARTH
Buy Verified Payoneer Account: Quick and Secure Way to Receive Payments
Buy Verified Payoneer Account With 100% secure documents, [ USA, UK, CA ]. Are you looking for a reliable and safe way to receive payments online? Then you need buy verified Payoneer account ! Payoneer is a global payment platform that allows businesses and individuals to send and receive money in over 200 countries.
If You Want To More Information just Contact Now:
Skype: SEOSMMEARTH
Telegram: @seosmmearth
Gmail: seosmmearth@gmail.com
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf46adnanshahzad
How to Start Up a Company: A Step-by-Step Guide Starting a company is an exciting adventure that combines creativity, strategy, and hard work. It can seem overwhelming at first, but with the right guidance, anyone can transform a great idea into a successful business. Let's dive into how to start up a company, from the initial spark of an idea to securing funding and launching your startup.
Introduction
Have you ever dreamed of turning your innovative idea into a thriving business? Starting a company involves numerous steps and decisions, but don't worry—we're here to help. Whether you're exploring how to start a startup company or wondering how to start up a small business, this guide will walk you through the process, step by step.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
19. Gold: Not enough of it Sources: The Tudor Group, Bloomberg, IMF, World Gold Council Recycled gold = 28% of production Annual world Gold production Million ounces Annual production as a percentage of available supplies 80 70 60 50 40 30 90 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 6% 5% 4% 3% 2% 1% 7% 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010
20. Central Bank Gold reserves Central Banks globally seen as net buyers going forward Source: Bloomberg Current (mil troy oz) 1 year ago (mil troy oz) % Change World total 967.886 09 Jul 955.255 08 Jul 1.32% Eurozone 347.52 09 Aug 350.92 08 Aug -0.97% United States 261.50 08 Sep 261.50 07 Sep 0.00% Germany 109.58 09 Aug 109.74 08 Aug -0.14% Italy 78.83 09 Aug 78.83 08 Aug 0.00% France 78.60 09 Aug 81.53 08 Aug -3.60% China 33.89 09 Jan 19.29 08 Jan 75.69% Switzerland 33.44 09 Aug 33.84 08 Aug -1.19% Japan 24.60 09 Aug 24.60 08 Aug 0.00% Netherlands 19.69 09 Aug 19.98 08 Aug -1.45% India 11.50 09 Aug 11.50 08 Aug 0.00% Venezuela 11.46 09 Aug 11.46 08 Aug 0.00% Spain 9.05 09 Aug 9.05 08 Aug 0.00% Philippines 5.07 09 Jul 4.28 08 Jul 18.50% Thailand 2.70 09 Aug 2.70 08 Aug 0.00% Australia 2.57 09 Jul 2.57 08 Jul 0.01%
21. More investors want to buy Gold Sources: The Tudor Group, Bloomberg 12m-trailing Gold ETF flows as a percentage of 12-m trailing production Gold ETF Holdings as a percentage of above ground stocks At the end of 2006, the World Gold Council estimated that all the gold ever mined totaled 158,000 tonnes. This can be represented by a cube with an edge length of just 20.2 meters 25% 20% 15% 10% 5% 0% 30% 35% 1/3/2006 4/3/2006 7/3/2006 10/3/2006 1/3/2007 4/3/2007 7/3/2007 10/3/2007 1/3/2008 4/3/2008 7/3/2008 10/3/2008 1/3/2009 4/3/2009 7/3/2009 10/3/2009 2.5% 2.0% 1.5% 1.0% 0.5% 0% 3.0% 1/3/2006 3/3/2006 5/3/2006 7/3/2006 9/3/2006 11/3/2006 1/3/2007 3/3/2007 5/3/2007 7/3/2007 9/3/2007 11/3/2007 1/3/2008 3/3/2008 5/3/2008 7/3/2008 9/3/2008 11/3/2008 1/3/2009 3/3/2009 5/3/2009 7/3/2009 9/3/2009
23. JP Morgan’s economic outlook Global GDP growth: largely funded by government borrowing Consumer prices % year-on-year 2Q09 4Q09 2Q10 4Q10 USA -0.9 1.2 2.1 1.0 Eurozone 0.2 0.3 0.9 1.2 China -1.5 0.9 3.2 2.7 South Africa 7.7 6.3 4.5 4.1 Real GDP growth % (quarterly, over previous period) 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 USA -6.4 -0.7 3.5 3.5 3.0 4.0 4.0 Eurozone -9.6 -0.07 3.0 2.5 3.0 3.0 3.0 China 8.4 14.8 10.0 9.1 9.0 9.5 9.3 South Africa -6.4 -3.0 0.6 3.4 4.5 3.7 3.6
24. Low interest rates spur Gold demand Source: JP Morgan Official interest rates forecast 12/2009 03/2010 06/2010 09/2010 12/2010 USA 0.125 0.125 0.125 0.125 0.125 Eurozone 1.0 1.0 1.0 1.0 1.0 China 5.31 5.31 5.31 5.58 5.85 South Africa 7.0 7.0 7.0 7.0 7.5
25. Gold can be seen as cheap Source: The Tudor Group Gold inflation-adjusted cash prices – average = $556.2 Inflation-adjusted all time high was $2,422 on 21 Jan 1980
28. South African Gold shares: focus on hedging, margins, marketshare Investec Asset Management’s Sam Houlie, manager of Discovery Equity Fund, is invested in Gold-related companies Deutsche Bank forecasts 2008A 2009E 2010E AngloGold Ashanti Buy EPS (USD) -0.47 -0.41 3.85 P/E (x) - - 11.3 EV/EBITA (x) - 133.6 7.6 Harmony Gold Mining Buy EPS (USD) 0.39 0.43 1.22 P/E (x) 25.4 25.9 9.1 EV/EBITA (x) 28.4 21.2 6.6 Gold Fields Hold EPS (USD) 0.49 1.16 1.8 P/E (x) 20.1 12.3 7.9 EV/EBITA (x) 11.8 7.9 5
29. Takeaway for South Africa Rising Central Bank purchases create market momentum ‘ Weak dollar’ policy is likely to stay in place China = largest export destination; rise in jewelry demand?
30. Lessons learned from the collapse of Lehman Brothers David Shapiro 6 – 12 November 2009