Here is what”s behind gold”s historic move past $3,000
Gold-backed ETFs are finally starting to see inflows after years of outflows
Gold has already topped $3,000. Here’s what it needs to go up another 16%.
“Gold shot up in the early 1980s as inflation expectations rose at a faster rate than actual inflation,” said Chris Mancini, associate portfolio manager of Gabelli Gold Fund. The market thought that there was a “risk that prices would become untethered, and that the U.S. would enter into a hyperinflationary spiral,” he said.
US investors seek refuge in value funds
Chris Marangi, co-chief investment officer of value funds at Gabelli Funds, said value stocks are attractive, particularly in small to mid-cap companies which benefit more from deregulation and tax cuts and less from negatives such as tariffs.
US Treasury”s Bessent defends Trump tariff upheaval, vows ”maximum sanctions”
Interviewed on stage by former Trump economic advisor Larry Kudlow in front of an audience that included Blackstone CEO Stephen Schwarzman and GAMCO Investors CEO Mario Gabelli, Bessent – a hedge fund billionaire himself – warned that trading partners who retaliate will face even higher duties on their U.S. exports, calling Canadian Prime Minister Justin […]
What went wrong at Walgreens Boots Alliance?
“This speculation has dragged on for three months now, which shows you how difficult it is,” said Jeff Jonas, portfolio manager at Gabelli Funds.
Wall Street wanders into March with hopes of a recovery, but obstacles from jobs to tariffs loom
“The last couple of weeks has shown that the market is anxious,” said John Belton, portfolio manager at Gabelli Funds. “The data kind of supports the valuations, but probably valuations that didn’t adequately price in some of the uncertainty that comes with a new administration.”
Walgreens Rises on Report That Sycamore Would Split Company
“I was a little skeptical that this has dragged on for three or four months, but it does seem to be accelerating and coming together,” said Jeff Jonas, a portfolio manager at Gabelli Funds, an investor in Walgreens.
Gold prices have soared to record highs this year near $3,000. Why more gains lie ahead
Chris Mancini, associate portfolio manager of the Gabelli Gold Fund (GOLDX), is confident in the underpinning reasons for gold’s advance. However, he’s waiting for a spike in inflows in gold-backed ETFs to confirm the next leg higher, as that would indicate the U.S. trader — who has thus far sat out the gold rally — […]
Nvidia’s strong earnings can’t keep its stock from sliding — along with other chipmakers
“CEO commentary suggests Blackwell demand is ‘amazing,’ supported by strong top-line results,” Gabelli Funds’ John Belton said. “It should be a positive read for AI demand and the investment cycle.”
Nvidia beat earnings expectations again. Here’s what comes next
However, Nvidia is expected to “get the market excited about everything in the product pipeline,” at the GTC next month, John Belton, a portfolio manager at Gabelli Funds, said in post-earnings comments shared with Quartz.
Nvidia earnings have analysts optimistic the DeepSeek selloff was just a blip
Despite the declining costs of training and running generative AI models, “that doesn’t necessarily reflect overall spending on generative AI,” John Belton, a portfolio manager at Gabelli Funds, said in comments shared with Quartz.
About time… gold-backed ETF demand surges to a nearly five-year high
In a comment to Kitco News, Chris Mancini, Associate Portfolio Manager of the Gabelli Gold Fund (GOLDX), said that Western investors are jumping into ETFs to hedge against economic disruption or inflation caused by tariffs.