SLVO

Credit Suisse said it expects to take an impairment after York Capital Management informed investors it would wind down its European hedge funds business.

Credit Suisse divides its sustainable investing coverage into 11 themes, and the firm believes one area stands out.

Credit Suisse projects that cyclical sectors will report more than 65% earnings growth next year.

Gold has been suppressed by a rally in 10-year Treasury yields.The dollar is still in the driver's seat for gold, however.I expect the dollar to weaken once the next U.S. stimulus is announced.A falling dollar will strengthen gold's price, pushing it above $2,100.

SLVO is a complex instrument which is giving the return as though you were holding SLV and selling covered calls against the position.If you hold SLVO, you are exchanging a good degree of upside in silver for a consistent dividend check.Silver is likely going to rally over the next year, which means that SLVO is likely going to perform well.

The Fed will continue to pursue inflationary stimulus regardless of the election outcome.Insatiable demand for solar energy and various electronic applications will continue to use up more silver.A mining supply deficit in silver will contribute to market tightness and possible bottlenecks that render refined silver products difficult to obtain by investors and industrial users alike.

In the long run, the constant rise in liquidity injected by central banks to assist the restrictive economies will support assets with limited supply, such as gold and silver.However, the rise in uncertainty over the US elections and new rounds of lockdowns to fight the pandemic will increase demand for safe assets such as the USD.A stronger USD may weigh on both gold and silver in the short run, which have already started to show some signs of fatigue.

Silver dramatically outpaced other assets in Q3.Silver stock investors have been loyal, holding even through price declines.Any near-term weakness is likely short-lived.  Buy on weakness and hold through renewed strength.