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Once in a Century Greatest Financial Reset in the Making
posted on 21 October 2025 by Sunil Jhaveri
Rally in precious metals, some of the global macros are screaming a big financial reset in the making. I will analyze these readings and the readers can draw conclusion as to what some of the asset classes like Gold, Silver, Oil, Currency, Debt are trying to tell us.
Precious Metals Rally – 2025 Precious Metals Rally Compared with 1980 and 2011 Rallies
posted on 03 October 2025 by Sunil Jhaveri
These are the four most dangerous words – THIS TIME IT’s DIFFERENT. How different is it this time around and why?. I will analyse rallies of 1980, 2011 and current one in terms of prevalent macros at respective times and how this time can be different.
Silver going forward
posted on 30 September 2025 by Sunil Jhaveri
Where do we go from here? Is it time to book profits, add Gold or add Silver? Switch from Gold to Silver? Many such questions are plaguing minds of investors.
End or Beginning of Rally in Precious Metals?
posted on 30 April 2025 by Sunil Jhaveri
I had given a call to invest in Gold & Silver on 23rd August 2024 when Gold price was approx. $2500/oz and Silver was at 29/oz. Since then, both Gold and Silver have scaled higher; Gold having touched a new historic high of $3500/oz and Silver briefly breaching $35/oz before retracing back to their current levels of $3312/oz in Gold and $32.92/oz in Silver as on 30th April 2025. What is the way forward and is the Gold and Silver rally over? Read more to find out.
Learnings from 2024
posted on 13 January 2025 by Sunil Jhaveri
Wishing all the readers a very happy new year. Unfortunately for equity investors, beginning of 2025 has been a very bad start with NIFTY 50 correcting 1.31%, NIFTY Mid Cap 100 down by 4.99% and NIFTY Small Cap 100 down 6.93% till January 10’2025 (last Friday). As I pen this note, NIFTY 50 is down further 01.30% with Mid and Small Cap indices further down by more than 4.25% each. Let us revisit some of the articles I had written in 2024 and its impact on investor portfolios:
When should you Desist from investing in Small Caps
posted on 17 October 2024 by Sunil Jhaveri
Investors generally look at past performance and decide on where to invest. Many will look to invest at current juncture in Small & Mid Cap space & ignore investing in Large Caps. This is looking into the rearview mirror and driving your car. Naturally, if you do not think of what lies ahead and only look into the rearview mirror and drive, there will be mishaps and accidents going forward. Similarly, not taking cognizance of market valuations of different market caps and investing purely based on recent past performance (RECENCY BIAS), investors will meet with major mishaps going forward in their portfolios. One of the metrics that is a good guide for investors to decide whether to invest in Small Caps or Mid Caps (especially Small Caps) is NIFTY Small Cap 100/NIFTY 50 ratio. This gives and idea of how much Small Cap segment is quoting at a premium compared to Large Caps.
Diversification - the new Buzz Word
posted on 26 September 2024 by Sunil Jhaveri
DIVERSIFICATION is the buzz word in investing world. This word connotes different meaning to different investors. What are different ways of diversifications and what diversification can add value to an investor’s portfolio
Post Fed Rate cut can Financials be the new Defensive Play?
posted on 19 September 2024 by Sunil Jhaveri
Post most rate cuts and Fed pivot, history has shown that there have been recessions and major drawdowns in markets. In 2001, NIFTY fell 35%, in 2007, it went up initially to drop 60% thereafter in 2008. Currently domestic demand is soft and valuations are stretched. So far, Indian market rally has been broad based. All segments like Large, Mid and Small Caps have performed well. Now, it is time to be cautious and use a FUNNEL (Top Down) to filter where to invest. Also, there should be rotational change in both Market Caps and Sectors.
Signals given by some of the Asset Classes for the US Economy
posted on 02 September 2024 by Sunil Jhaveri
Some of the asset classes which are leading indicators of market macros are: Dollar Index / 10 Year UST / Gold/ Nasdaq Composite. 3 out of 4 have made decisive moves – 10 Year UST and Gold on the upside and dollar index on the downside. Only one which is hovering in a narrow range is Nasdaq Composite which will, in all probability make its decisive downward move once rate cuts happen and recession sets in thereafter.
Time to Look Beyond Equities
posted on 23 August 2024 by Sunil Jhaveri
There is all together another story brewing in different global economies, especially in the biggest economy viz. the USA. Post COVID, to avoid recession, US Govt and Fed started printing money and resorted to aggressive fiscal stimulus that created inflation in different asset classes like equities, real estate, cryptos and inflation in general. To control this spiraling inflation, Fed had to resort to aggressive rate hikes from near zero to 5% + in a short span of 12 to 18 months. Spiraling US debt + high interest costs have now come to haunt the US economy. During the same period there have been many wars in different parts of the world like Ukraine/Russia & middle eastern region.
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