European markets opened firmly today as investors finished taking as much risk out of their portfolios as they could bear. However, volumes are once again proving painfully thin as many seem to be adopting a wait-and-see-strategy over whether the West will confirm military intervention in Syria. Investors seem to be rattled by reports that energy…
Send lawyers, guns, and money: what does Syria mean for the oil markets? Geopolitical analysis In recent days, the US has been leading a drive to use military action to punish Syria for the alleged use of chemical weapons last week. The severity and tone of the threats and rhetoric has been getting stronger, not…
One of the features of the noughties mining booming was the listing in London of a number of large mineral resource companies from the former states of the USSR. State assets that were bought up in the rounds of post glasnost privatisations were packaged together to form corporate entities which could gain the cache…
In what will be his maiden speech as Bank of England governor, Mark Carney plans on using this opportunity to address investors doubts that he can keep interest rates on hold at record lows until at least late 2016. Carney introduced so-called forward guidance this month to prevent a pickup in borrowing costs from undermining the…
Emini S&P Sep13 headed lower as predicted to test the 100 day moving average & strong Fibonacci support at 1633/30 but we broke lower near the close & over night have hit 1626. This is quite a good Fibonacci support in a short term oversold market. We are in a 4 week down trend & only back…
I have been asked by a reader on my opinion on the price action of Magnolia Petroleum (MAGP), rather intriguingly, with the added comment that they believe the stock is a “manipulated market”. While such an accusation may or may not be true, it can be said that anyone waiting for a return to the…
When it comes to buying stocks, one question I am often asked is: what is one of the most overlooked factors that investors miss? While some people might create an investment strategy for buying stocks based on valuation or growth levels, one common variable that is crucial for long-term success for any investment strategy is…
Gold prices have bounced back, jumping above $1,350 an ounce; but I contend that the advance will not be sustainable as the metal remains in a bear market. The problem we are seeing is that the mining sector is under duress, especially the junior miners who are struggling to maintain costs while gold prices and…
