While some research analysts see the new bank taxes as yet another challenge for the sector, Cadence Asset Management’s Karl Siegling shrugs off any concerns around the levies on Macquarie’s bottom line. “The bank levies affect a small percentage of Macquarie’s earnings,” he said. “It affects a very large percentage of the major four banks […]
“At the moment, silver doesn’t seem to be seen as a proxy for certainty at all, not in the way that gold does,” says Karl Siegling, portfolio manager at Cadance Capital. But should the silver price head north, traders might experience a protracted, short squeeze.