As regular readers will know, my absolute favourite technical indicator as an isolated indicator of market tops and bottoms is the Put Call ratio. Although it works almost to a treat at calling short term bottoms, it also has a very high hit rate on market tops. With this in mind, I present the Put…
Risers: Perform Group +5.09% Sport content provider, Perform Group, has today revealed that their Chief Financial Officer David Surtees is to step down on Jan 31. The company has not revealed a successor to Mr Surtees at present. Churchill China +15.63% Churchill China, a ceramics manufacturer, has today said it believes its performance will be…
So, here we are once again, looking to see whether the beleagured mining stocks are finally starting to rehabilitate themselves. Once more however, the current picture of stock prices after an initial New Year burst dipping down, appears present just as great a chance of losing money in terms of selling short through getting stuck…
The year 2013 was not kind to gold; the yellow metal closed the year down about 28%—its biggest annual drop in three decades. But in spite of the awful year for gold, it wasn’t the worst-performing metal in 2013. That dubious distinction goes to silver. On the heels of quantitative easing, a devaluation of…
Asian stocks swung between gains and losses overnight following Chinese date which showed a rise in China’s imports to the most in five months, indicating that domestic demand will support economic growth. Inbound shipments advanced 8.3% from a year earlier. European futures are indicating a higher open, ahead of key US jobless data at…
Similar to our last quarter report, there have been no material changes to the portfolio composition aside from position trimming and the exiting from the silver future position as the fund experienced a drawdown due to the marked underperformance of oil and other commodity stocks relative to the wider market. As with our Precious Metals…
My view on a fundamental basis is that the UK supermarkets are such an evil cartel that they make the UK banks appear to be a charitable entity! That they have even managed to resist the meddling of the EU over the past couple of decades is a wonder. Indeed, it would not be surprising…
Change brings uncertainty. Ben Bernanke – the outgoing Chairman of the Federal Reserve – may have announced the start of tapering last month, but the history books will surely award him the honorary title of ‘Mr QE’. How does that ‘poem’ go again? ‘Yo, we up in the Fed / and we living in style…
Risers: Marks & Spencer +3.34% Shares have pulled back in Marks & Spencer during early morning trading today after the company reported a 1% improvement in like-for-like sales for the eight weeks to Christmas that provided a boost in the share price to take the supermarket out of negative territory. Marks & Spencer reported a…
It’s been one of the worst years for gold in a generation. A flood of outflows from gold ETFs, endless tax increases on gold imports in India, and the mirage (albeit a convincing one in the eyes of many) of a supposedly improving economy in the US have all contributed to the constant hammering gold…
