Dear Fellow Investor,
Gold didn't "dip" from $5,423 to $5,000.
It was forced down.
After the Iran strikes, something inside the gold market broke.
This pullback isn't weakness — it's a setup.
While retail investors hesitate…
...the smart money is quietly loading up.
Not on gold.
On a little-known "Shadow Miner" positioned for what happens next.
Because on March 31st, a 90-year-old law could expose what's really inside the vaults.
And when that happens…
..this "Iran discount" disappears overnight.
[See the ticker before the reset >>>]
"The Buck Stops Here,"
Dylan Jovine, CEO & Founder
Behind the Markets
3 International Stocks Most U.S. Investors Have Never Heard Of
By Bridget Bennett. Publication Date: 3/20/2026.
Key Points
- The gap between United States and European equity valuations has widened, pushing some global stock pickers to look overseas for “quality at a reasonable price.”
- Pieter Slegers highlighted Games Workshop, Investor AB, and LVMH-Moet Hennessy Louis Vuitton as examples of durable businesses he believes are priced more attractively than many U.S. peers.
- The argument rests on selective stock-picking rather than a blanket “Europe is better” call, with the main risk being that cheaper European valuations persist longer than expected.
- Special Report: The Biggest IPO Ever: Claim Your Stake Today
U.S. markets have dominated for the better part of two decades. But the cycle may be turning—and the valuation gap between American and European equities is getting harder to ignore.
Pieter Slegers of Compounding Quality spends his time searching for businesses with high margins, strong balance sheets and durable competitive advantages. Increasingly, the best risk-reward setups are showing up outside the United States.
Why the U.S.-Europe Valuation Gap Matters Now
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Discover the #1 Memecoin To Own NowSlegers doesn't claim Europe is broadly superior to the United States. He acknowledges that U.S. companies, on average, have higher margins and stronger fundamentals. But that contrast is precisely what makes selective European investing interesting today: when you find a European company that matches U.S. quality, you may pay 14 or 15 times earnings instead of 25.
Markets move in cycles. Historically, the United States outperforms international markets for about eight years, then the pattern reverses. The current U.S. streak has lasted roughly 16 years—an unusually long run. Slegers recommends investors consider allocating 40% to 50% of investable assets to stocks outside the U.S. for genuine geographic diversification.
As he put it, quoting Buffett: "Only when the tide goes out do you discover who's been swimming naked." That backdrop frames the stocks he highlighted.
Games Workshop: The Compounder Hiding in Plain Sight
The first name is one many U.S. investors will not recognize: Games Workshop (LON: GAW). This U.K.-based company produces miniatures for tabletop board games—an unusual niche, and that's the point. Niche businesses with fanatical customer bases tend to generate pricing power that shows up in long-term performance.
And the GAW chart is remarkable. Games Workshop has compounded roughly 140x since 1994, making it the best-performing stock in the U.K. over that span. The company raises prices 5%–6% annually, and customers keep coming back.
Slegers likens the loyalty to addiction: "Once you are a Games Workshop player, you always stick to the game." He shared an anecdote about a club leader who owned $125,000 worth of miniatures.
The same CEO has led the company for more than 20 years, and a pending arrangement with Amazon (NASDAQ: AMZN) could be the next major catalyst. At current levels, this isn't a company where the growth story is over—it's one where the moat appears to be widening.
Investor AB: Europe's Answer to Berkshire Hathaway
If you want broad European exposure through a single stock with a long track record, Investor AB (OTCMKTS: IVSBF) is a name Slegers highlighted. This Swedish holding company has been around since 1916, and the Wallenberg family still owns about 20% of the business.
Investor AB operates across three segments: direct stakes in listed European companies like Atlas Copco (OTCMKTS: ATLKY) and ABB (NYSE: ABBNY), private equity activities, and growth investments.
Since 2001 the stock has roughly doubled every five years. Slegers says he has met with the CFO and head of investor relations multiple times and finds that management "walks the talk."
The case is straightforward: for first-time European exposure, Investor AB has significantly outperformed the Stoxx Europe 600 over the medium and long term, and its management's incentives appear to be closely aligned with shareholders.
LVMH Moët Hennessy Louis Vuitton: Luxury at a Discount to the S&P 500
LVMH Moët Hennessy Louis Vuitton (OTCMKTS: LVMUY) needs little introduction. The French luxury conglomerate behind Louis Vuitton, Dior and dozens of other iconic brands is one of Europe's largest companies. Bernard Arnault, the richest man in Europe, owns about 50% and continues to buy more shares.
Two dynamics make LVMH attractive at current prices. First, luxury is extraordinarily difficult to replicate—brand equity built over decades doesn't get disrupted overnight. Second, the company's growth in China and broader Asia remains a powerful long-term tailwind.
At roughly 20 to 21 times earnings, LVMH trades slightly below the S&P 500 average while offering fundamentals that are meaningfully better than the typical index constituent. Cheaper and better is a combination worth noticing.
The Common Thread Across These Names
Every stock on this list shares a few traits: founder-led or long-tenured management, durable competitive advantages and valuations that look attractive relative to U.S. peers. The risk is that European markets remain cheap longer than expected. The upside is that a rerating may already be underway as more institutional capital rotates toward international equities.
You don't need to go all in on Europe to benefit. But ignoring the opportunity entirely—especially when quality names trade at meaningful discounts—means leaving diversification and potential returns on the table. That's the setup heading into the rest of 2026.
Watch the full video above for a deeper look at these names (and more).
These 2 Bitcoin ETFs Are Seeing Inflows for the First Time in Months
By Nathan Reiff. Publication Date: 3/23/2026.
Key Points
- With Bitcoin trading near one-year lows of around $69,000, institutional investors have poured hundreds of millions of dollars into BTC-focused ETFs in recent weeks.
- iShares Bitcoin Trust has remained the dominant spot Bitcoin ETF by assets and liquidity, while Fidelity’s fund offers a smaller but comparable alternative.
- Expense ratios, liquidity, and daily flow data matter more than headlines, especially amid geopolitics and ongoing crypto volatility.
- Special Report: The Biggest IPO Ever: Claim Your Stake Today
As Bitcoin enters the second quarter of 2026, the token sits near a one-year low of roughly $69,000 after peaking above $126,000 last fall. The lower price may have prompted renewed institutional interest in digital assets, even as other parts of the market faced stress tied to the Iran conflict. In early March, institutions funneled more than $458 million into spot Bitcoin exchange-traded funds (ETFs) in a single day.
This reverses the cryptocurrency fund outflow trend that dominated the first two months of the year, and it unfolded with little fanfare while investors focused on oil and gasoline prices, inflation worries, and other macro issues. Retail investors may now ask whether the funds that received the bulk of this institutional attention—including the iShares Bitcoin Trust ETF (NASDAQ: IBIT) and the Fidelity Wise Origin Bitcoin Fund (BATS: FBTC) —remain attractive after the flow reversal.
IBIT's Dominance in the Bitcoin ETF Space Becomes More Evident
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Discover the #1 Memecoin To Own NowBitcoin ETFs experienced roughly $1.8 billion in outflows during the first two months of the year, and the token's sharp price decline left investors appearing pessimistic at the start of March. The sudden shift to inflows therefore came as a surprise to many.
Most of those inflows went to IBIT, suggesting that large institutional investors are purchasing BTC through what is arguably the most popular Bitcoin fund.
For retail investors, it can be tempting to follow institutions that have moved hundreds of millions into IBIT. The implication of this collective investment is that a sizable amount of Bitcoin has shifted into long-term institutional hands—potentially creating a supply squeeze for other BTC holders.
IBIT is an attractive option for investors seeking indirect Bitcoin exposure. It charges a modest expense ratio of 0.12%, which is the trade-off for avoiding the complexities of managing and storing BTC directly. The fund is very large, with about $58 billion in assets under management (AUM) and a one-month average trading volume above 63 million.
A Smaller, More Expensive Alternative—But Variety May Be Worthwhile
FBTC is much smaller than IBIT, with about $13 billion in AUM and roughly 5.8 million in one-month average trading volume, and it carries a higher expense ratio of 0.25%. Given those differences, it has attracted substantially lower institutional inflows than IBIT, which is not surprising. Still, FBTC added $48 million in a single day in early March—a potential sign of support from retirement-plan providers and other Fidelity clients.
The presence of FBTC as a second fund receiving flows, even at a lower level than IBIT, supports the view that renewed interest in BTC may be broader and more durable. Fundamentally, FBTC offers a similar proposition to IBIT: Bitcoin exposure with custodial backing.
Despite FBTC's higher cost and lower liquidity, it may appeal to investors who want to increase their Bitcoin exposure without concentrating with a single provider. Because both funds track the spot price of Bitcoin, performance should be similar apart from the difference in expense ratios; holding both funds can also reduce operational or provider-specific risk.
Investors may also interpret institutional flows as a reason to consider alternative ETFs focused on cryptocurrencies. For example, BlackRock launched the iShares Staked Ethereum (ETHB) in March, the firm's first iShares product with a staking-yield component—an option for investors seeking passive income potential. At the same time, continued geopolitical instability can push crypto prices either way, so uncertainty and risks remain.
For more cautious investors, the recent surge in institutional interest may justify monitoring fund flows more regularly. After a period when institutions appeared to lose appetite for crypto funds, the current trend could signal a larger shift back toward bullishness.
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