Business

Authored by Mark Spitznagel via PIOnline.com,

There is a movement today among pension funds toward systemic risk mitigation - or "safe haven" - strategies. This makes great sense as a potential solution to the widespread underfunding problem. Many pension funds still haven't fully recovered from the crash of 2008, and can't afford another. Moreover, truly effective risk mitigation must lead to an incrementally higher long run compound annual growth rate; and a higher CAGR is the way to raise a pension plan's funding level over time.

TL/DR: Tax reform creates pension fund incentive to buy 30yr bonds NOW.

When it comes to Wall Street cheerleaders, Tesla has few closer friends than Morgan Stanley's Adam Jonas (current price target of $379).

The recent spate of back-to-back hurricanes in the US is expected to compound the economic damage of an already over-extended debt. As the stock market braces for a correction, traders are inclined to sell out of riskier stock markets and take refuge in safe havens like gold.

The last 3 days have been 'nosiy' in precious metals markets with gold swinging from the best day in 5 months to the worst day in 4 months and now to another high volume surge, breaking the barbarous relic back its 100-day moving-average...

It sems the 100DMA is a key level with heavy volume being used to push gold futures around it.

UBS asks "Is gold establishing a foundation for a rebound?"

Gold longs rebuild while shorts continue to hesitate