Comments
Transcript
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trA brilliant young man with a lot of great answers. I am a heavy precious metal investor so this is especially of interest. Currencies are obviously very important as well. I like his pairs trades. Need more interviews like this. The Robinhood effect is also very interesting.
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ESEverything you ever wanted to know about gold / gold miners / currency. Great and timely interview.
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MRHi everyone, here are the charts from the session. https://rvtv.io/3hsSCtj
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AFTavi Costa's prior appearance on RV was just excellent. It's really good to see him back. Please also have Kevin Smith (founder and CIO at Crescat) back on at some point, perhaps sooner rather than later to give an update on the anticipated breakdown of the Hong Kong peg. Crescat had been positioned for this event.
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dsThe charts are very important in this talk pl
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MJThanks for specific trades one can do as an retail investor
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PJAs someone who's extremely long gold exploration and PM's, I enjoyed the interview. However I think he's not very accurate in some views on China, considering the recent surge in Iron Ore as well as copper and Oil imports and the subsequent rally in prices. Long term I still think China is a massive house of cards, but short term, they are going back to their old playbook of massive infrastructure and property investment.
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DFGold minning????? as a trade maybe as value i really can't see it, it's such a tought Business! Juniors!!!
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CXToo bad his economic analysis is clouded by his wrong political views from main stream media. He is going to lose big like many hedge funds. They superficial understanding of the world.
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ARmeh.
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DSSolid and enjoyable interview. Betting against China and the Yuan is difficult. They can precipitate a short squeeze at will. The US isolationism and lack of support for our traditional allies allows China to take advantage of the openings. Trading precious metals and miners is easier for me. DLS
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BHThe question still, why now?
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lyI'm at odd with the comment CNY is the most depreciated currency. Canadian $ lost more than CNY since 2013!
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BSPM miners have been on 🔥 Pretty extended rn though.
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GHNot sure if there will be a transcript. A bit hard to hear, but I think I figured out three of the four - Novo Resources Corp (Australia) Candor Resources (Peru) Eloro Resources (Bolivia) ...couldn't find what sounded like "SK Mining" in Canada.
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ABMax, yuan is pronounced ‘you-ahn’ not ‘won’
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AIAbout Max's question for retail investors wondering if they could access this XAU/CNH trade: It's certainly possible without an ISDA - I could put it on in a multitude of ways in an Interactive Brokers (or I guess many other) account with a choice of spot, CFD, futures or futures options on pretty cheap (0.8-1.5%) margin. I guess it cannot match OTC offerings but hey... Now because I could doesn't necessarily mean I should - for me the CNH or HKD leg is a bit iffy but I guess it reduces the need to have a strong view on the USD. Gold performed probably the best relative to CNY compared to most other currencies but is it going to continue? Why not some other, more free market EM currency or a basket of them (like CEW ETF)? Anyway, each to their own.
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JCSo, I exchange USD for CNY and buy gold. Gold goes up and CNY goes down. I sell the gold (with proceeds going into what currency?). I assume CNY. If so, it would seem that I’d get more CNY with a lower value (especially if CNY has been devalued). Do I then wait for CNY to go up? If I convert the CNY back to USD, I get fewer USD, right? I’m feeling very stupid, can someone explain? Thanks.