Axel Merk

Articles by Axel Merk

To make sense of the markets, it may be ever more important to dissect what we may call convincingly irrational behavior by policy makers. To make sense of stocks, bonds and currencies, you might need to discern some of the madness that’s...
“Bullying” by the Fed, ECB, Bank of England and Bank of Japan has been in place for up to six years, forcing not-so-mighty central banks, savers and investors to deal with the consequences. Understanding the dynamics may help investors to...
Once upon a time, there were safe havens in this world, places where investors could hide when the going got rough. If you believe this fairy tale world will persist, pinch yourself. In our assessment, not only are there no safe havens...
Hedging out the currency risk from international equities is currently en vogue after investors in the Japanese equity market dramatically enhanced their returns by hedging out the yen exposure in 2013. Market participants investing in...
The greenback isn't what it used to be. At least for now, when there's a "flight" to U.S. Treasuries; historically a sign of "safe haven" demand; the U.S. dollar has not only not benefited but has increasingly been on the losing end. Is...

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Gold prices fall by Rs 50 on low demand