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ETFs are bigger than the hedge fund industry

A new development this week – the global ETF / ETP industry now has more assets than the entire hedge fund industry… via ETFGI: Assets invested in the global ETF/ETP industry have surpassed the assets invested in the hedge fund industry at the end of Q2 as we had forecasted. According to our analysis there…

My Views on Gold: Setting the Record Straight

Gold prices are down almost 50% from their peak a few years ago and are now plumbing the depths of levels we haven’t seen since 2010. It’s been a slow-motion crash that’s engendered more defensive cognitive dissonance than any asset crash I’ve ever seen. Even the real estate and dot com people admitted when their…