Gold & Precious Metals
Capital is moving from the Periphery to the Center…the definition of “Center” is narrowing as the definition of “Periphery” is widening. This capital flow is signaling increased market risk. The currencies and stock markets of the Emerging Countries (such as India, Brazil, Indonesia, South Africa) have been falling Vs. the Developed Countries’ markets…the currencies of Australia, New Zealand and Canada have been pulled into the vortex of the falling Emerging Market currencies…as the definition of “Periphery” is widening.
This year is on track to be the worst for fixed-income investors since 1994, when the Federal Reserve surprised the market with rate increases. Money has flowed out of bond funds in 2013 at the fastest clip in nine years, with $57.3 billion leaving U.S.-listed taxable mutual funds and exchange-traded funds in the past three months alone, according to Lipper. U.S. Treasury yields have increased by more than a percentage point since May, a rise that has caught many analysts and investors off guard.
Produced by McIver Wealth Management Consulting Group
Mark Jasayko, CFA,MBA, Portfolio Manager with McIver Wealth Management of Richardson GMP in Vancouver.






