Twelve months ago, the Federal Reserve launched its third QE programme, dubbed “QE Infinity”. In American Football parlance, this “Hail Mary” was the last desperate attempt to create jobs and stimulate growth. A year later and things have apparently improved to such an extent that the Federal Open Markets Committee (FOMC) is on the verge…
A welter of RNS’s out this morning in relation to our recent Conviction Buy pick ZIOC. Zanaga Iron Ore Project advances on Staged Development basis Glencore Xstrata (“Glencore”) and Zanaga Iron Ore Company (“ZIOC”) (AIM:ZIOC) are pleased to announce a revised scope for the Zanaga Iron Ore Project (“the Project”), changed budgetary arrangements and the…
Risers: Imagination Technologies, up 9% The multimedia, processor, communications and cloud technologies company has signed a license agreement with MediaTek Inc., a semiconductor company for wireless communications and digital multimedia solutions. Shares react favourable, up over 9 percent after they announced they will receive license fees and royalty revenue from the agreement. Helical Bar, up…
Unprecedented state intervention in financial markets has perhaps been the one of the worst aspects of all that has happened in the last 5 years. Perhaps I have to be careful what I wish for here, but I am still a firm believer in the free market and feel this is one of the linchpins…
As regular readers, it is with a particular disdain that we hold any recommendations by our “friends” the squid, the disdain being reserved only for “Evil Knievil’s” tips too! Todays release that they have a 115p target on KAZ is, in our humble opinion, a sure fire Buy signal. As stated before – the record…
Investors have paused for thought in the wake of the markets incredibly strong run with Asian shares falling back slightly overnight, snapping an 11 day rally indicating that some feel that now is an appropriate time for some profit taking. The MSCI Asia Pacific Index climbed 6.4 percent this year through yesterday. Shares on the…
When gold surged to over $1,400 an ounce, I was still not a believer in its potential as a buying opportunity—rather, I thought it was more a trade against the possibility of an expanded conflict arising in Syria. The gold bugs were suggesting the time for the yellow metal was here again, and I even…
Risers Morrisons, +3.9% Despite seeing profits slump after like-for-like sales dropped 1.6 percent, Morrisons has registered the most impressive gains within the FTSE 100 during this morning’s session. Underlying profit was down 10% to £401m (2012/13: £445m) whilst underlying earnings per share were down 2% to 12.86p (2012/13: 13.09p). Morrisons have moved by upping the…
Of course a geopolitical rant is not strictly speaking within the remit of a Spreadbet Magazine blog, but given the way that traders will currently be trying to work out whether the latest dip for Gold and Crude Oil is one to buy into, ditto with commodities stocks, I thus have an excuse! The…
Asian shares have traded little changed overnight after climbing some 6.6 percent in the last 10 days. Equities across all headline indices have surged amid signs the global economy is improving. While the situation in Syria has calmed for now and China looks like it’s seen the worst of its slowdown, buying after the Olympics news seems to…
