With only a week to go before Christmas, I can reveal that the Editor of Spreadbet Magazine (yours truly!) has not bought anyone anything – not even a card. Clearly, this state of affairs is not sustainable in the Mir household, just like the UK housing bubble in fact and so it must be rectified…
Risers: Marechale Capital +35.29% Investment banking and finance firm, Marechale Capital, has today reported HY pretax profit of £18,915 in comparison to a loss of £156,044 last year. Revenue figures are £433,924 vs. £140,682 which has been the result of new business being generated. Elektron PLC +9.26% Global technology firm, Elektron PLC, has said Tuesday…
The price of gold has been subject to a rapid and seemingly never ending decline in recent weeks, falling from a high of $1360.9 back on the 29th of October (Comex Feb 2014 futures) to print as low as $1210.80 by the 4th of December (see chart below). Given that there has been no significant…
Just a few days ago the exchanges of Hong Kong and Singapore signed a Memorandum of Understanding with the intent of joining forces to create more products denominated in the Chinese renminbi. The move seems harmless and uneventful, just part of the day-to-day activities of these exchanges, but is it really? There could be far-reaching…
Investors banking on a “Santa Rally” would have been encouraged by the strong start to the week European indices have enjoyed. Unfortunately, we are seeing weakness in European futures this morning as we prepare for Tuesday’s open as investors continue to gauge the outlook for U.S stimulus before the Federal Reserve meets today. The Federal…
The S&P 500 is set to resume its march higher, according to BofAML’s Macneil Curry anyway and pointing to the week of December Triple Witching as historically one of the strongest of the year for the S&P500. With fundamentals a thing-of-the-past, paying attention to the technicals in a world of one driver of stocks (Fed balance sheet),…
If you think you can judge a book by its cover, then you must believe the U.S. economy is doing really, really well. After all, consumer confidence is up and misery is down. However, looking past the cover, the pages of underlying economic indicators suggest the average American investor should be a little concerned. But…
Risers: Aggreko PLC +6.00% Power and temperature control supplier, Aggreko, has revealed this morning they expect FY results to be ahead of expectations with 2013 revenue to be around 3% higher. This translated to figures should see the group reporting revenue figures of £1.17bln and pretax profit of £335m. This positive news has driven Aggreko…
The FTSE is now at oversold levels (<RSI 30%) on its daily chart. This is the sort of area from which past rallies in this bull‐run have begun. Given its weakness in recent weeks, I would sooner play the upside I expect via the DAX or S&P. That said, I see it regaining 6700…
Friday October 11th, gold trading was shut down for 10 seconds according to the CME. Why, because someone sold 2 million ounces of gold at one time. Who does this? Who sells nearly 2 and half percent of annual gold production in a single minute? The gold valued at over $2.5 billion could not have…
