UPDATE 09:02AM 25/07/13 – I received some feedback on our call yesterday from 3 market participants whom I respect and they tell me they remain long. Below also entered my inbox from a fellow asset manager/research house – “I think that when the correction comes again it will prove to be mild, and that 2013…
There has been much angst over Bernanke’s recent comments regarding an “improving economic environment”and the need to begin reducing (“taper”) the current monetary interventions in the future. What is interesting, however, is the mainstream analysis which continues to focus on one data point to the next, in order to try & determine if the Fed is going to…
First Paulson, then Coffey, Pellegrini and now Cohen. It seems that the “alpha” these guys generated during the go go years of the 90’s and noughties were either one hit wonders (a la Paulson) or, in Cohen’s case, perhaps a little bit too close to the other side of so called “expert networks”. As we…
While both Gold and the Euro rallied from the bullish hourly chart, and right on cue with our calls last week, it would appear that in the case of both of these markets, and especially Gold, the jury is still out in terms of how positive we should be. In fact, the real conundrum here…
The Road To Destruction To say that the Canadian company formerly known as Research in Motion has been a pain to its shareholders during the last few years is an understatement! Who could have imagined that the once must have gadget, that became known as the “crackberry” due to its addictive nature, would see its…
Europeans markets retreat as a number of corporate earnings eased settlement. Chemical giant BASF reported profit that missed analyst estimates whilst the phone network Orange posted an 8.5 percent drop in earnings. Figures from the UK gave investors some positive signs that the UK economy is improving. Economic growth accelerated in the second quarter in…
The fall in the price of gold bullion has certainly hit investors, but there is even greater pain among junior mining stocks. Obviously, junior mining stocks depend on gold prices to generate revenues and earnings. However, unlike larger, more integrated companies, junior mining stocks might not have any cash flow, thus they depend on external…
The main focus for investors today will be on the U.S data due to be released at 13:30 BST. Analysts anticipate that the data will continue with the recent trend of strength in the region with unemployment claims expected to fall and core durable goods orders expected to rise. Earlier in the day however, we…
Well, as our esteemed former editor posted earlier today here (http://www.spreadbetmagazine.com/blog/we-begin-the-building-of-our-short-position.html) in which he suggest that it might be time to go short, I thought I’d thrown my own hat into the ring on this (and probably put the kiss of death on us!) and similarly call “time”. So far attempting to actually call time…
European indices have been edging higher on the back of a stream of strong data including both German and French manufacturing PMI. In another boost to the Euro zone, private industry unexpectedly bounced back to growth this month. The momentum created by this latest batch of positive data is going a long way to support…
