We have opined in depth on this blog on numerous occassion over the last several weeks that gold is likely forming an important bottom. Such has been the level of negativity and degree of short positioning in the commodity, it appears inevitable that the price can only go one way short term – who is…
By Ben Turney Just over a year ago you couldn’t open a financial website or publication without seeing a headline proclaiming that the yields of Spanish or Italian 10 year government debt were above the “unsustainable 6% threshold”. The popular belief was that these stricken nation states could not afford to service borrowing costs above…
A strong start to the U.S earnings season has helped lift global equities with Asian shares rising overnight for the first time in 3 days. Gains seen within Japan were significant enough to offset the weakness in India and China, a result of on-going tightening of monetary policy by the respective central banks. Citigroup’s numbers…
The last time I identified a stock where the price action consisted of a deathly hush, it was at Iofina (IOF), and just a few days before the former CEO headed off for his sickbed on a permanent basis… Clearly, everyone and their mother sniffed this event (apparently lots of doctors trade the markets) after…
We posted below on Thurs 20 June and it is interesting that the S&P made a low of 1560 just two trading days later and has now rallied back towards 1700. This is a prime example of how our Titan Macro fund operates – taking a contrarian stance, backed by solid historical analyses at an…
And so, once more, after the short-lived “taper caper”, US stocks are on fire. From a cynic’s perspective, one that regular readers will know that I naturally gravitate towards, it could be suggested that the record highs we have been seeing over the past week are not so much grounded upon solid bullish economic factors,…
As most of us are aware, one of the first things that billionaires like to buy when they attain that rarified status is a football team. Mostly, such purchases fall into the category of vanity/toys for the boys and in a classic case of “more money than sense”, they then lose their owners money hand…
Guest post by Investment Contrarians Over the last few days, the level of confusion regarding monetary policy by the Federal Reserve has increased substantially. The result has been that buyers have re-emerged in the gold market. First there was the release of the minutes from the last meeting of the Federal Reserve on June 18-19.…
OVERVIEW Record highs for the U.S. stock market this week reminded us of two major factor affecting the financial markets – cowardice and confusion – both of which emanate from the Federal Reserve and are personified by its Chairman Ben Bernanke. While this may sound like a personal attack, it is not. It is merely…
Guest Post by Investment Contrarians The big news for the stock market this last week was the lackluster results from Alcoa Inc. (NYSE/AA)—normally a decent barometer of global industrial activity. But what’s interesting is that the stock market rallied on the results. That goes against conventional wisdom. Actually, Alcoa beat estimates on revenues and earnings—but…
