Investor Letters

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May Performance Estimates

June 5, 2021

We are pleased to report that Crescat had a strong May across all strategies. Performance was driven by our global fiat debasement macro theme which is the largest exposure across all Crescat strategies today. We express this theme through our activist precious metals’ positions…
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May Research Letter –  The 3 Pillars of Inflation

June 5, 2021

We strongly believe investors will want to get positioned now for the Great Rotation which is being catalyzed by the three macro drivers of inflation all firing in sync today: Demand Pull, Cost Push, and Monetary Debasement. Let us explain why we think inflation is real and what investors should be doing about it….
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Crescat April Investor Letter

June 5, 2021

“Miner” Setback – It is time to evaluate your level of exposure to precious metals. We believe the macro cycle for gold and silver has turned. This could be the last chance to build a position at depressed prices. The economy is likely headed into an inflationary period and it is time to act….
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