Livermore Partners: We Will Continue Owning Gold Assets In 2021

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Livermore Partners: We Will Continue Owning Gold Assets In 2021
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Livermore Partners’s David Neuhauser in an interview with TD Ameritrade Network’s Oliver Renick says, “If you believe in Fairy Tales and Unicorns you’ll love this Market”. He also explains why he likes gold assets as a safe haven for 2021.

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Q3 2020 hedge fund letters, conferences and more

To Partners and Friends:

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EuropeEquities did well last month as most market watchers have noted that Value outperformed growth. In his March Factor Performance report, Alex Botte of Venn by Two Sigma noted that March was a strong month for the global Equity factor, especially in developed markets. Q1 2021 hedge fund letters, conferences and more He said Europe Read More


Livermore Will Continue Owning Gold Assets In 2021

Markets are are off to a mixed start with value gaining and tech diverging. Gold continues to hold its range although higher interest rates are causing sell programs and weakness for the technicals of the metal. This is impacting valuations. Yet, we fell this is a great time to be buyers of small cap metals with potential for re-rating. 2021 looks to be a much brighter year for the economy but not nessesarily the same for the stock market. Given so much has been pulled forward and is now anticipated. I suspect markets could end up on either side of +plus or -minus 5-15% when all is said and done. With even more downside if even higher bond yields finally show up on the reflation trade.

Therefore, inflation will be at the forefront. Especially if the proposed massive stimulus spend from the new administration gets passed. Given markets still don't view as a challange to the high equity valuations. They should..

Here is a link to our interview last week with Oliver Renick of the TD Ameritrade Network. We continue to discuss inflation and owning gold assets. Given the path forward seems ripe for both to accelerate meaningfully higher.

Happy New Year,

David


David Neuhauser's Outlook

Despite gold's recent price activity, David Neuhauser explains why he still likes the asset as a safe haven in 2021.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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