Alan Grayson We came across this interesting article, from a year ago, which postulates a way around the current debt ceiling impasse and does in fact mirror our thinking from earlier this year (we have always maintained that the Treasuries bought by the Fed will NEVER be sold back to the market and when they…
European markets opened hesitantly today as a lack of progress over the weekend on extending the US debt ceiling spooked investors. Despite Republicans and President Obama holding a 90-minute talk to try and find a compromise to avoid a default, a concrete resolution failed to be produced. Nevertheless, Senate leaders still remained confident…
By Dominic Picarda. DAX 30 The DAX triggered my buying advice yesterday by closing strongly through its 21-hourly EMA. I reiterate my call for a move to 8836. The latest bout of water-treading overnight should therefore be treated as another buying opportunity. Support: 8725.8 – Resistance: 9000.1 Support: 8700.6 – Resistance: 8938.2 Support: 8641.1 –…
The Baltic Dry Index (BDI) couldn’t be sending any clearer message for resource investors at the moment. It is screaming, as loud as it can, to buy mining stocks! For once I am not talking about precious metal miners, but rather the producers of raw materials, with real industrial and commercial applications. At Spreadbet Magazine,…
By Zak Mir. Lloyds Banking (LLOY): Persistent break to the upside following April / May bear trap from below 50p Rising trend channel from April based at current 50 day moving average level of 74p. October bear trap rebound should deliver fresh near term gains Favoured upside of 85p plus near term at the top…
Risers: Royal Mail IPO, opened 450, trading 440 Shares in Royal Mail rose more than 38% to 456p at the start of conditional dealings on the London Stock Exchange this morning. The stock opened at 450p a share, over £1 higher than the initial 330p price given during the IPO. The hugely oversubscribed sale valued…
By Filipe R. Costa It is well known that Ben Bernanke’s actions have been driven by his firm-held belief that central banks accentuated the Great Depression by not adopting expansionist monetary policies during the early 1930s. Five years into our financial crisis (and with the end still not truly in sight), there is no telling…
By Zak Mir. FTSE100 Comments Heading for 2 day close below the 200 day moving average at 6,415 June witnessed a 300 point rally from a similar dip below 200 day line. Buy trigger now an end of day close above 6,415 Favoured scenario still recovery – just, due to rising 200 day moving average
