Gold's 'dead-cat bounce' is a temporary distraction from an inevitable fall
Also on Monday's <i>Breakfast with Benjamin</i> menu: Janus rides the wave of a Bill Gross effect, bond managers talk their book, IN's deep-dive into bond fund assets shifts, some oil stocks are worth buying on the dips, and happy birthday to the United States Marine Corps.
- Don't get too excited about Friday's one-day gold rally. It is being described as another 'dead-cat bounce' for a precious metal that could be headed toward $1,000 an ounce, which is a level not seen since 2009. The outlook for silver is even bleaker
- The Bill Gross effect is real and measurable at Janus, which has seen more than $1 billion pour into two funds since the Bond King came on board. At least investors can't be accused of chasing performance. Leveraging Mr. Gross is helping to overshadow the trading violations of 2003, at least for now
- Some bond investors have no choice but to make the case for investing in bonds. Time will tell if they are smarter than everybody else, or just talking their book. 'There's no compelling reason to believe in the prospect of higher yields'
- On the subject of bonds, InvestmentNews takes a deep dive into where all the money in motion is heading, and why. Everything you need to know
- A half-dozen oil and gas stocks to buy on the dips. Dealing with the conundrum of the U.S. being both the world's largest consumer and largest producer of oil. AREX, CXO, HK, MHR, VTG, YPF
- Tomorrow is Veteran's Day, but today is the 239th Marine Corps birthday. Go find a Marine and shake her or his hand. Semper Fi, Devil Dogs! 10 fun facts about the Corps you might not have known