Let’s take a quick technical Look at Nymex WTI Oil, since the pre-Lehman Highs. In particular, the Fibonacci Retracement from peak at $147.52 to $33.22 post the crisis. Points of Interest: 1. Our current continuation pattern with 3 lower highs and higher lows pivots around the 50% Fibonacci level, which was also the point of…
Zak Mir gave Spreadbet Magazine readers some interesting insights into a few AIM stocks this week, in particular Gulf Keystone Petroluem which looks to me as if it might well drop below the key 172p support level rather than start a new breakout – with a court case over the ownership rights to the fields…
Going into The Budget this week, and which I personally really hope is the last for George Osborne, as I believe that the Chancellor is totally out of his depth; it appeared that there really would not be anything pleasant emanating from the Despatch Box. It would obviously have been too much to expect that…
During the last 5 years, European nations have been trying to fight the huge government debts accumulated during the boom years of the noughties, in particular by the southern European economies. Under the supervision of the ECB, the European Commission and the IMF, various measures have been implemented and all which have, at their heart,…
News that SAC Capital, the US hedge fund belonging to Steve Cohen had one of its subsidiary company’s agree to pay a record $614 million (£410 million) fine to the SEC as part of a settlement regarding two insider trading cases struck me as the first shot across the bows from the regulator, warning Cohen…
I would suggest that many readers are currently scratching their heads as to why the precious metals (gold and silver) have been on the back foot since the summer of 2011, particularly in contrast to the global equity indices that have rallied so sharply. Both of these issues are related, but it would appear that…
As regular readers will be aware, we have been bearish gold since last summer and laid out our case for continued weakness through this year in the guide below. As you will see in the blog below, the issue in Cyprus is, in our opinion, a game changer. Basically ever since Mario Draghi comments in…
We we’re shocked with the news that came out over the weekend from Cyprus in which the infamous “troika” of creditors asked the Cypriot government to actually tax its peoples (not just Russian oligarchs)deposits as a means of obtaining €7 billion in bailout funds. Even though the total amount required of €17 billion is…
Well, it looks like my “friend” Mr Caaaawkwell will have something of a respite this morning as RPO pull a ace out of the pack wtth regards to monetising gas sales from their Siberian fields. The signing of terms with OJSC Fortum in which they will supply dry gas for eight years with a sales value…
Monday March 18, 2013 UK Reporting: Berkeley Group Holdings, BKG, (R), Diageo Plc, DGE, (Pr), Diageo Plc, DGE, (Pr), John Laing Infrastructure Fu, JLIF, e, (CC), Kofax Plc, KFX, (Pr), Ruspetro Plc, RPO, (R), Severfield-Rowen Plc, SFR, (SM), Unilever Plc, ULVR, (Pr), William Hill Plc, WMH, (SM) S&P 500 Reporting: None Scheduled Euro Stoxx 600 Reporting: None Scheduled…
