The gold price broke earlier this year convincingly through the $1,300 per troy ounce barrier. In January, the gold price reached a level of $1,365/oz. The last time that gold prices reached this level was in March 2014. It has been four long years. Many thought that gold was on the onset of a renewed rally, that it would finally truly break through the point at which every single gold rally hesitated over the past years. Nonetheless, gold prices are gradually falling back to that cursed

Recently, author and former trader Nassim Taleb published his latest book Skin in the Game. He is widely praised for his previous bestsellers, The Black Swan and Antifragility. Nassim Taleb has a decades-long track record as a pit trader (as early as in the 1980s). Two months ago, I had the pleasure to spend an entire week with this controversial and no-nonsense thinker. What are some of the lessons that we can draw from Taleb’s work as gold investors and what did he have to say about gold?

While Trump´s trade war is threatening to escalate (China reacted to Trump´s import tariffs by coming with an own list of import tariffs on U.S. exports, which was quickly followed up by Trump threatening to impose even more tariffs on Chinese imports), we can observe some interesting trends on credit markets. Yes, the yield curve is flattening even further. No, the long-term rate is not on the rise (contrary to what many analysts have been saying for the past three or four years). Yet, this time, I wanted to highlight the TED-spread. This credit market indicator did something rather surprising over the past month.