No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 29, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

crude oil: Gold is ‘flavour of the month’, says Richard Harris amid crisis hedging

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 4 mins read
A A
crude oil: Gold is ‘flavour of the month’, says Richard Harris amid crisis hedging
Share on FacebookShare on TwitterShare on LInkedIn


“We have got the closing deadline of July the 9th for the tariffs to come back in line. So, we have got a lot of things coming up here and we are in danger of maybe some event, maybe it is this Israeli event, I do not think so, but maybe it is this event where the markets really say okay, that is enough. We have had enough. Markets,” says Richard Harris, Port Shelter Investment.Between Iran and Israel right now. US for the moment has opted to stay out of this war. But what are you making of the development between Iran and Israel? How bad could it get for global markets also in terms of crude?Richard Harris: Well, first of all, the Israeli thing, the Israelis have been for this for quite a long time. It is well known that Trump has tried to persuade them not to. They have clearly gone against his advice and the Americans now are obviously up to prevent any attacks against US areas, but they have made it quite clear that they have not really been involved. So, Iran then if they are looking at retaliation, they are really looking at Israel. Now, this may come explicitly in terms of the kind of drone strikes that they tried to do earlier, but Israel’s defences are quite strong there or implicitly, in terms of maybe terrorist attacks in other places, but it clearly does not help the situation. It adds to global uncertainty. It adds to the uncertainty in the market and actually Trump is probably feeling a little bit miffed that perhaps the Israelis have not quite followed his advice.

What do you think could be the impact on markets other than crude because what you are seeing today, of course, is a knee-jerk reaction. Most global markets were already scaling at an all-time peak, perhaps looking for a reason to profit take, but do you sense that we could spiral down further?Richard Harris: Yes, I mean we have seen a very good recovery in markets generally. I mean, Europe because it is a diversifier to the US, the US because actually we have had the Trump taco trade which is where there have been small pieces of good news that has led a recovery in US share prices. We are now at a stage where markets pretty well are back to where Trump started, that is actually an important sign. But we are also much more fragile.

Unemployment is looking less good than it was. Growth is looking less good than it was. We have got the closing deadline of July the 9th for the tariffs to come back in line. So, we have got a lot of things coming up here and we are in danger of maybe some event, maybe it is this Israeli event, I do not think so, but maybe it is this event where the markets really say okay, that is enough. We have had enough. Markets are very fragile and it is just waiting for that unknown unknown event in order to unwind.

Live Events

What happens to money flow in a case like this? I mean, this is not the first time that we have had two countries battle it out. We have seen that since Russia-Ukraine, then it was Israel and Gaza and now Iran again. We have seen that here in India as well with our own neighbour. But does it really impact money flows at all or do you think that is clearly restricted to tariffs and what comes of it?Richard Harris: We have seen a lot of these issues over the last few years and markets react. It takes a day or so to react and then they come back. At the moment, we do not really know what is happening. But the markets are quite immune if you like to a number of these factors. They survived two major wars. They survived all sorts of issues with Trump and tariffs and still they are trading at a reasonably high level. Bull markets die hard. I would expect that this will end up being another skirmish that will disappear in next two to three weeks. Maybe wrong, but I think the probabilities are like that. I think one escalation could be if the Iranians do decide to see if they can choke off oil deliveries out of the Arabian Gulf, then the Americans will step in because it is important for the world and the Americans do see it as part of their holy mission to keep that gulf open. So, I think that if you are looking at oil prices, they are likely to be quite volatile because you have got these different factors involved. But at the end of the day, the US will look to keep it open, whether that will then cause a secondary dispute between the US and in Iran, well, that is probably going to happen anyway, but I think that will burn at a lower level.

Is the most obvious trade right now is maybe go ahead and buy gold because at the morning today gold is already at near to its all-time high, holding on to the gains of over 1.5%.Richard Harris: Well, gold is flavour of the month, is not it, and the dollar it normally takes that view, but because we have had the whole issue with Trump and weakness in the dollar, I think it is being less successful. Of course, the other thing for those who actually believe it is Bitcoin, which the cryptos will probably do quite well in this environment. Crypto is actually quite focused on the equity market. So, they will come off, but in the very short term they may be seen as a gold substitute, but gold to my mind seems to be the key factor there that people will be looking at.



Source link

Tags: CrisisCrudeflavourGoldHarrisHedgingmonthoilRichard
ShareTweetShare
Previous Post

Europe Delays Stricter Banking Rules to Keep ‘Level Playing Field’ With US Rivals

Next Post

Berlin’s Knowunity lands €27M to bring AI study companion to 1 billion students

Related Posts

edit post
Metal sector remains a trading play, not a structural Bet: Dhananjay Sinha

Metal sector remains a trading play, not a structural Bet: Dhananjay Sinha

by TheAdviserMagazine
October 29, 2025
0

In an exclusive conversation with ET Now, Dhananjay Sinha from Systematix Group shared his perspective on the ongoing market trends,...

edit post
Asian stocks: Asian stocks open higher as AI, Fed lift sentiment

Asian stocks: Asian stocks open higher as AI, Fed lift sentiment

by TheAdviserMagazine
October 28, 2025
0

Asian stocks opened higher, buoyed by Wall Street optimism that artificial intelligence will keep fueling profits at major technology firms...

edit post
OrthoPediatrics outlines path to 12% baseline growth and free cash flow breakeven by 2026 amid clinic expansion and strong T&D momentum (NASDAQ:KIDS)

OrthoPediatrics outlines path to 12% baseline growth and free cash flow breakeven by 2026 amid clinic expansion and strong T&D momentum (NASDAQ:KIDS)

by TheAdviserMagazine
October 28, 2025
0

Seeking Alpha's Disclaimer: The earnings call insights are compilations of earnings call transcripts and other content available on the Seeking...

edit post
A major ICE shake-up is reportedly underway affecting at least half of the agency’s top leadership positions

A major ICE shake-up is reportedly underway affecting at least half of the agency’s top leadership positions

by TheAdviserMagazine
October 28, 2025
0

WASHINGTON (AP) — The Trump administration is reassigning at least half the top leadership at Immigration and Customs Enforcement offices...

edit post
Saudi power chair: Tariffs weaken the global energy transition and hurt humanity

Saudi power chair: Tariffs weaken the global energy transition and hurt humanity

by TheAdviserMagazine
October 28, 2025
0

The global energy transition continues to press forward, but tariff wars and the rising politicization of renewable power is hurting...

edit post
From retail to tech, here are the 10 corporations that recently announced mass layoffs

From retail to tech, here are the 10 corporations that recently announced mass layoffs

by TheAdviserMagazine
October 28, 2025
0

Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no fire” standstill. That’s caused many to...

Next Post
edit post
Berlin’s Knowunity lands €27M to bring AI study companion to 1 billion students

Berlin’s Knowunity lands €27M to bring AI study companion to 1 billion students

edit post
investment portfolio: Stay the course, no need for tactical portfolio shift: Vikas Khemani

investment portfolio: Stay the course, no need for tactical portfolio shift: Vikas Khemani

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Metal sector remains a trading play, not a structural Bet: Dhananjay Sinha

Metal sector remains a trading play, not a structural Bet: Dhananjay Sinha

0
edit post
AI’s Game-Changing Potential in Banking: Are You Ready for the Regulatory Risks?

AI’s Game-Changing Potential in Banking: Are You Ready for the Regulatory Risks?

0
edit post
Bill Gates: Climate Change Crisis Averted

Bill Gates: Climate Change Crisis Averted

0
edit post
Trump Media And Crypto.Com Unveil Predictions Market Partnership

Trump Media And Crypto.Com Unveil Predictions Market Partnership

0
edit post
12 Non-Essential Items Baby Boomers Continue To Buy

12 Non-Essential Items Baby Boomers Continue To Buy

0
edit post
Visa reports higher Q4 revenue and profit; results beat estimates

Visa reports higher Q4 revenue and profit; results beat estimates

0
edit post
Trump Media And Crypto.Com Unveil Predictions Market Partnership

Trump Media And Crypto.Com Unveil Predictions Market Partnership

October 29, 2025
edit post
Metal sector remains a trading play, not a structural Bet: Dhananjay Sinha

Metal sector remains a trading play, not a structural Bet: Dhananjay Sinha

October 29, 2025
edit post
Bill Gates: Climate Change Crisis Averted

Bill Gates: Climate Change Crisis Averted

October 29, 2025
edit post
Trump says he expects to lower fentanyl-related tariffs on Beijing, discuss ‘farmers’

Trump says he expects to lower fentanyl-related tariffs on Beijing, discuss ‘farmers’

October 28, 2025
edit post
Asian stocks: Asian stocks open higher as AI, Fed lift sentiment

Asian stocks: Asian stocks open higher as AI, Fed lift sentiment

October 28, 2025
edit post
OrthoPediatrics outlines path to 12% baseline growth and free cash flow breakeven by 2026 amid clinic expansion and strong T&D momentum (NASDAQ:KIDS)

OrthoPediatrics outlines path to 12% baseline growth and free cash flow breakeven by 2026 amid clinic expansion and strong T&D momentum (NASDAQ:KIDS)

October 28, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Trump Media And Crypto.Com Unveil Predictions Market Partnership
  • Metal sector remains a trading play, not a structural Bet: Dhananjay Sinha
  • Bill Gates: Climate Change Crisis Averted
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.