Macro Strategy and Investment Insights by Tavi Costa
Gold moving from weak to strong hands amid China buying, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights China’s ongoing spree of gold purchases. According to Costa, the metal is increasingly transitioning from so-called weak ...
Otavio (Tavi) Costa: Two-year real interest rate at highest since Trump administration began
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights that the two-year real interest rate has reached its highest level since the Trump administration took office. He also points ...
Gold miners have moved from resistance to support, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights a significant technical shift for gold miners. He states that a 40-year resistance level has now become a major support, ...
Otavio (Tavi) Costa: Gold at 200-day moving average as sentiment shifts
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, observes that gold is currently positioned at its 200-day moving average. He remarks that while this technical level previously offered ...
Copper breaks from gold amid supply tightness, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, observes a significant divergence between copper and gold prices. While factors like AI, industrial demand, and onshoring contribute to ...
Otavio (Tavi) Costa: Latin America seen as defining investment opportunity for next decade
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights a significant shift in Latin America's political and economic environment. Costa suggests that Latin America will likely ...
Real assets could prevail amid fiscal and monetary challenges, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, describes fiscal and monetary indiscipline as central to the current macro environment. He suggests that real assets are likely to ...
Otavio (Tavi) Costa: Metals and mining ETF breaks out as copper miners lead gains
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights that the metals and mining ETF broke out today. According to Costa, copper miners are leading this breakout, with copper ...
Silver miners approach breakout on strong $75/oz margins, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights that silver miners are poised for a significant breakout compared to gold miners. Costa points to the strong profitability in ...
Otavio (Tavi) Costa: Canadian miners trading highlights importance of hard assets today
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, observes activity among miners trading in Canadian markets. He reflects that days like this serve as a reminder of the enduring value ...
U.S. money supply expanding at record four-year pace, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, states that U.S. money supply is currently growing at the fastest rate seen in four years. He argues that inflation is fundamentally a ...
Otavio (Tavi) Costa: Gold miners conduct record share buybacks amid high sector profitability
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights that gold miners are currently executing more share buybacks than ever before. Costa attributes this surge to the sector's ...
Current metal prices shift fundamentals for mining stocks, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, points out the market’s backward-looking approach to mining stocks. During a CNBC interview, an expert indicated a lack of interest ...
Otavio (Tavi) Costa: Precious metals and mining stocks climb as commodities rally
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights significant upward moves across several commodities. He points to sharp gains in precious metals, rising mining stocks, and ...
Margins for miners reach historic highs, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, remarks that miners are currently enjoying the strongest margins ever recorded in industry data. He adds that a previous long-term cycle ...
Otavio (Tavi) Costa: Silver rises above $80 per ounce as mining margins surge
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, points to silver's price moving back above $80 per ounce and emphasizes the impressive margins of miners producing at costs below $15 per ...
Silver prices surge on structural shifts, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights strong momentum in silver amid rising metal prices. He attributes the rally to decades of underinvestment, restricted supply ...
Otavio (Tavi) Costa: ISM report signals stagflation with rising prices and falling employment
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, analyzes the latest ISM report as highly stagflationary. Costa highlights that prices paid have surged to 3-year highs while employment ...
St. Louis Fed posts alternate inflation measure to support rate cuts, Otavio (Tavi) Costa argues
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, criticizes the St. Louis Federal Reserve for using Kevin Warsh’s inflation metric. Costa suggests this move is an attempt to justify ...
Otavio (Tavi) Costa: Argentina money supply contracts at double-digit rate as global credit expands
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, observes that Argentina stands alone in experiencing a double-digit contraction in money supply. According to Costa, while Argentina ...
Central bank policy divergence could weaken dollar, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights a new era of global central bank policy divergence. Costa observes that while other nations have more room to tighten ...
