Jacob Manoukian, JPMorgan Private Bank's U.S. Investment Strategy head, stated the Federal Reserve is willing to tolerate inflation above its 2% target to avoid economic costs. This shift means portfolios expecting a strict 2% inflation target are mispriced, favoring assets like gold that benefit from higher inflation. Manoukian cited rising core PCE and headline CPI data supporting this view and compared the U.S. approach to Japan's strategy of managing debt with nominal GDP growth. He highlighted Newmont, a major gold producer, as a key beneficiary with strong earnings and buybacks amid rising gold prices. The thesis could be challenged if inflation spikes force the Fed to hike rates or if Treasury auctions fail, signaling market stress.
In Q2 2026, major gold mining companies like Agnico Eagle Mines and Newmont returned billions to shareholders through dividends and buybacks, supported by strong free cash flow. These miners offer a way to hedge gold exposure with actual income, unli...
Over the past year, owning gold mining companies through the VanEck Gold Miners ETF returned 50.7%, significantly outperforming the 23.7% return from holding physical gold via the SPDR Gold Trust. This difference is due to miners' operating leverage,...
In August, stocks that had been hit by bearish fears, especially in enterprise software, staged a strong comeback. Companies like Moderna surged after positive vaccine news, while Palantir, Veeva, Salesforce, and ServiceNow recovered as concerns abou...
Nations Royalty Corp. reported a record quarterly royalty revenue of C$2.21 million for Q1 Fiscal 2027, a 1,058% increase year-over-year, driven mainly by the Brucejack mine transitioning to a higher net revenue mineral tax regime. This revenue surge...
