Assets under Management
Total (EUR): 11 722
Valuation per Segment
Physical assets: 8 000
Digital assets: 1 000
Liquid assets: 2 722
Total (EUR): +2 819
Q2/20 (EUR): +2 819
Download the full trading history (liquid assets only)
100% Metals: Silver, Gold
Invests gradually up to 2500% of the principal as the market moves in our favor.
Value at Risk (Var) on open positions average 25% at all time. Risk has been diversified across Gold and Silver.
We will not invest new additional margin anymore.
Macro with focus on demographic and capital flow events
The current main view and scenario is:
hyperinflation risks in the US (and USD drop)
Sharp rise in commodities
The shift in economic power and leadership from West to East
In the Markets
We are in the same dynamic as last quarter, as a reminder:
Asian and emerging to outperform Europe in market recovery
USD prolonged and gradual drop phase toward the 89-90 level DXY
COMMODITIES sharp rise with a target at - 25 to 27.5 USD on Silver, then 47 - 1900 USD on Gold, then 2900
Indices > N/A
Metals > Long Silver + long Gold (70/30 mix)
Note from the desk
We engaged a first position on Silver at 17.00 then got stopped out, to finally enter a better price between 12.75 and 14.00. when the COVID krach slammed the Silver to a 12-years low... while at the same time, all elements to reasonably forecast an inflation under the hood were already present. The lack of liquidity in this price area (and the spike associated) resulted in a VERY attractive trade, some sort of... "one you cannot afford to miss". Keep on buying on Metals with a directional view as long as the market "fulfill" our conditions.
Stock markets are bouncing aggressively, and the COVID accident put clearly in light the resilience of certain markets over others... we will start to diversify on China A50 as a global engine for the "stocks segment" of the portfolio, then enlarge our spectrum and exposure in Asia to peripherical countries (SEA) gradually with a TWAP.
Future will tell...