As I write (27 July 2013), it looks like the worst of the sell off seen in mining and gold mining stocks has now passed. During the month of June alone, the benchmark (the ARCA Gold Bugs Index in $’s) that this fund is set against fell by almost a quarter going into the last…
The FTSE 100 is trading moderately higher as we approach the U.S open on the back of encouraging earnings from several leading companies. ITV shares surged 4.46% on the back of strong H1 results, whilst Weir Group gained 3.47% after reporting on improved outlook for oil. Despite this, the markets are struggling to make new…
Tomorrow lunchtime, before the release of the evening’s much anticipated FOMC policy statement, the Bureau of Economic Analysis (BEA) will release America’s GDP figure for Q2. The consensus is that the US economy will have grown by 1% in the last quarter. However, interestingly, the nominal figure for output is likely to expand by between…
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Guest Post by Investment Contrarians I tell you, Federal Reserve chairman Ben Bernanke is risking the future of America with his free-flowing don’t-worry-about-the-future-generations strategy of pumping money into the economy. The problem, as I have said many times previously, is that people and companies have become so accustomed to the cheap money that the tapering…
Growth rates of between 8% and 9% have been commonplace in China for the last 30 or even 40 years. Leaving to one side the question of data reliability, between 1970 and 2011, China officially grew at a pace of 9.3% per year – an astounding figure, and one which is a distant dream for…
Guest Post by Investment Contrarians A couple of weeks ago, Federal Reserve chairman Ben Bernanke testified in front of the House Financial Services Committee and the Senate Banking Committee, adding additional information regarding the central bank’s current monetary policy stance. There are several things you should be aware of that the Fed chairman stated and…
Asian markets traded in positive territory overnight, heading for its first advance in five days with Japanese exporters gaining against a weakening yen. Chinese stocks also contributed to gains as the Chinese central bank takes measures to ease the nation’s cash squeeze. The US dollar edged higher overnight against most major rivals ahead of the…
I think it can be said quite fairly that my loathing for the UK banking sector is as strong as our beloved former editor at Spreadbet Magazine’s (and now a mere “editorial director”) love for the mining sector. Time and again the same clichés appear to be played out in the finance industry and time…
A very quiet day for financial markets sees risk assets relatively unchanged following a mild contraction of U.S. pending home sales, dipping 0.4 per cent for the month of June. The number mildly beat market expectations. Global stock indices are sympathetic of what has been a relatively quiet patch, allowing investors time to position ahead of…
