European Central Bank President Mario Draghi will be unable to weaken the euro despite expectations he will unveil a package of stimulus measures designed to do just that today, according to Merk Investments LLC.
Merk Investments LLC cut the euro position of its Hard Currency Fund to 14 percent, the lowest in the fund’s six-year history, citing the need for more banking system support in Europe amid the region’s crisis.
The new Merk Gold Trust (OUNZ) is the first gold exchange-traded fund to let investors take physical delivery of gold when they sell their shares. That’s right: Someone will deliver gold bars and coins to your door.
The yen will extend its world’s worst performance among major currencies this year as a reinforced Japanese government continues pumping cash into the economy, according to Axel Merk of Merk Investment LLC.