Overnight news that the Kazakh central bank has devalued the Tengue by 18% is resolutely positive for the shares. The last time they devalued the currency (and which so decreases the company’s Kazakh cost base) by a similar value the shares moved up by 11%. Watch this space… Pre auction opening at 210p. Could see…
There’s uncertainty on the stock market. Troubles are coming from the emerging markets, and they are causing investors to panic and sell their stocks. We see they are scared. But as this is happening, there’s a trade in the making, and those investors who have raised some cash (as I’ve been suggesting my readers…
While risk assets ended last week on a very strong note, with the S&P500 putting in its best 2 day performance since October; the weight of evidence says that new S&P500 lows are coming and that risk assets should suffer in the weeks ahead. From the S&P500’s impulsive decline from 1850, to negative February seasonals, to deteriorating…
Barratt Developments Plc BDEV:LSE BUY Today we’ve picked the Barrat Developments Plc. as our pick of the day. Barrat Developments Plc. is a holding company. The Company’s principal activities consists of acquiring and developing land, planning, designing and constructing residential property developments and selling the homes it builds. The Company operates in two segments: house building and commercial developments. The Company…
While Steve Cohen is trying to reorganise his billion-dollar family business, past SAC Capital employees are steadily being caught by prosecutors for illegal trading practices involving insider information. The last victim was Matthew Martoma, a past SAC portfolio manager who was just found guilty in an insider trading case that yielded $276 million in profits…
Asian stocks climbed overnight, following gains from Wall Street late Friday. Asian stocks were lifted by a jump in mainland Chinese shares and the regional index headed for its longest streak of gains since late 2013. Chinese stocks traded higher following speculation that Lunar New Year sales were strong. European shares are likely to follow…
Via Citi FX Technicals, Gold is putting in a base Gold continues to look constructive overall and a test of $1,361 and eventually $1,433 is expected A rally through there would be a major bullish break. As seen throughout the last major bull market in gold, there appears to be an inverse relationship between Gold…
Since the beginning of the year, key stock indices have fallen, and this is making investors nervous. They are asking what will happen next. The first month of the year is usually good for the stock market, but that wasn’t the case this year. The S&P 500 fell more than three percent and other key…
The chart below from UBS’s latest strategy piece caught our eye. What it shows is (a) a braking of the massive underperformance of the sector relative to the wider market and (b) positive earnings momentum against the wider market We took the opportunity to add to selected mining plays in our Natural Resources fund this…
