Crescat News & Updates


Silver Bullion TV Interviews Tavi Costa

December 10, 2020 - Tavi Costa, Partner and Portfolio Manager at Crescat Capital, speaks with SBTV about the $8.5 trillion US Treasuries maturing in 2021 and why we are now seeing the largest supply-demand mismatch in the gold market. Learn More »


Kevin Smith Shares His Latest Bearish Market Thesis – TD Ameritrade

December 10, 2020 - Crescat’s CIO, Kevin Smith, discusses the historically overvalued equities with Oliver Renick on TD Ameritrade Network. Learn More »


CRESCAT GETS ACTIVIST ON GOLD #14

December 3, 2020 - We disclose our activist position in Goliath Resources Limited located primarily in the Golden Triangle. Learn More »


As Good As It Gets

November 25, 2020 - Crescat Global Macro and Crescat Long/Short hedge funds are having a pullback month to date. We wanted to bring this to your attention because we think it presents an excellent buying opportunity for those considering adding money to Crescat for the end of this month. The opportunity is being caused by the recent run-up in equity markets. We show below a set of timing indicators that are as good as they get against the long stock crowd. We strongly believe that the fundamental, macro, and now technical reasons, never looked so appealing to capitalize on short positions in a select basket of highly overpriced securities that Crescat has identified via its fundamental equity model.  Learn More »


Crescat November Research Letter

November 22, 2020 - The structure of the global economy today is built on the incessant yet tenuous reliance on monetary and fiscal stimulus. To put it bluntly, policy makers are in a pickle. In accommodating struggling enterprises at large by piling new debt onto them, they have traded off future organic growth for economic zombification. At the same time, their persistent monetary easing to prolong the expansion of the business cycle has led to historic imbalances in valuations that pose serious destabilizing risks. But leverage and multiples cannot grow to the sky forever. The days of risk parity strategies where investors pile into levered long bond portfolios alongside broad equity portfolios are numbered. Learn More »


Crescat October Performance Update

November 13, 2020 - Crescat’s three hedge funds surged in October to maintain their year-to-date performance leadership within the universe of managers. The S&P 500 declined 2.4% in the same month as US election day neared. All five of the firm’s investment strategies substantially outperformed their benchmarks net of fees in 2020 and since inception. Learn More »


CRESCAT GETS ACTIVIST ON GOLD #13

November 13, 2020 - Crescat discloses their deal with Alpha Exploration in Eritrea. Learn More »


CRESCAT GETS ACTIVIST ON GOLD #12

November 5, 2020 - We share our activist position in GBM Resources located in Queensland. Learn More »


Top 3 trades to weather post-election storm and market bubble

November 3, 2020 - Over-extended equities valuations, excellent fundamentals and balance sheets for miners, and the volatility that election results would bring to stocks are contributing factors to the following three trade ideas... Learn More »


Tavi Costa: Silver, the World’s Cheapest Metal

October 28, 2020 - Tavi discusses how the only way out of the global debt burden is through further debasement and a continued race to the bottom for currencies. Equity yields are down in real terms, and this will drive demand for safe monetary assets like gold and silver. Precious metals could do well in either an inflationary or deflationary environment. Learn More »

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