Helping our clients achieve superior risk-adjusted portfolio performance
is Merk's mission
Through a robust investment process, we aim to deliver truly uncorrelated returns that seek optimal profit potential within tailored investment objectives.
Investment Strategies
The strategies Merk offers include gold and gold mining.
Insights & Reports
Gold Miners: Bargains or Peaking Out?
CIO Axel Merk with Portfolio Managers Peter Maletis & Jamie Holman
Replay Now Available
Webinar held Nov 13, 2025
Tweets
Regulations increase the barrier to entry.
Given that US tech firms have greater scale than European peers, European regulations end up helping US firms gain market share. #LawOfUnintendedConsequences x.com/AdamThierer/st…
10yr bond yield relative to CNBC's announcement at 10:17am ET that investigation into Powell has been dropped (clearing the way for Warsh)
src for intra-day chart: BBG
cnbc.com/2026/04/24/fed…
Path for Kevin Warsh to succeed Powell has been cleared. x.com/AxelMerk/statu…
BBG: DOJ Drops Probe Into Powell and Fed Building Costs
bloomberg.com/news/articles/…
What's priced in after Warsh's nomination hearing.
Yesterday, here was a 54.5% chance of a rate cut in December; now it's 39.5%.
Was it Warsh's testimony? Doubtful, as we had a strong retail sales report.
(src: BBG)
Warsh: the trajectory on inflation is improving, but there's more work to do
This may well serve as a summary of his testimony as well.
Q: did the President ask you to lower rates?
Warsh: he didn't require it, he didn't demand it.
Question goes back and forth. Warsh is pretty clear - Warsh doesn't dispute that he may have been 'asked' to lower rates - he says it's not demanded.
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