1) Is there a way to "strip out" the effect of the strong DXY which has a disproportionate influence on GLD? For example, going long GLD in EUR (or JPY) terms while being short TLT? Without entering into futures or derivatives contracts (although an institutional investor obviously can do so).
2) The Chinese bond market (10 year yield currently 2.6-7%) with a plainly weak equity market is essentially pricing in an "Ice Age" to use Albert Edward's famous terminology. If the property rout persists I don't see how this turns easily.
Thanks for sharing Russell, tho the Chinese bond mkt is clearly pricing in slow growth
Thanks Russell, some thoughts:
1) Is there a way to "strip out" the effect of the strong DXY which has a disproportionate influence on GLD? For example, going long GLD in EUR (or JPY) terms while being short TLT? Without entering into futures or derivatives contracts (although an institutional investor obviously can do so).
2) The Chinese bond market (10 year yield currently 2.6-7%) with a plainly weak equity market is essentially pricing in an "Ice Age" to use Albert Edward's famous terminology. If the property rout persists I don't see how this turns easily.
One of the better mustaches I've seen! Thanks again Russell for all of the great content