Swen Lorenz

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The cyclical ebbs and flows of Comex open interest in gold and silver futures trading is a somewhat arcane topic that receives very little blog commentary and, with a couple exceptions out of London, zero mainstream media attention and Wall Street analysis. But, if you follow what has become a pattern endemic to the Comex…

The monthly graph above shows the stellar performance of Gold and Silver over the past 25 years. Silver is the OHLC prices above in Blue, Gold prices are the Gold line. This graph is all the more extraordinary as this is on a semi-log scale. Detailing how the gains posted in recent years have kept…

Credit Suisse Research Institute has just launched its Yearbook which takes an in-depth look at various asset class returns over a prolonged timescale, after all, the longer the dataset the greater the probability of discerning trends. It reveals some interesting observation regarding the past and so extrapolations of future returns for bonds, cash, and equities.…

Regular readers will know that we have been very bullish of Japan throughout 2012, adding to our position in November of last year around the 8800 level on the Nikkei and taking profits recently. The following story caught my eye re the renewed euphoria surrounding Japanese equities and perhaps vindicating our cautious stance after such…

19 Feb 2013 Cantor Opening Call The FTSE is seen opening largely unchanged today waiting for the US markets to return from the extended weekend     UK Corporate Announcements Morgan Sindall announces that its Finance Director has quit, and details its full year EPS has fallen 6% to 72.5p and sees the challenging conditions…

Sir David Jones, one of Britain’s most successful retailers, credited with building Next into one of the UK’s largest fashion groups, has been charged in relation to alleged misleading statements  during his time as executive chairman at now bust sportswear chain JJB Sports. Jones, who turned 70 this month and has been living with Parkinson’s disease…

Lars Seier Christensen, the co-chief executive officer of Danish bank Saxo Bank has come out on the tape and said that the euro’s recent rally is illusory and the shared currency is set to fail because the continent hasn’t supported it with a fiscal union. “The whole thing is doomed,” Christensen said Friday in an…

18 Feb 2013 Cantor Opening Call The FTSE is seen around unchanged today   UK Corporate Announcements BATM announces a full year EBITDA of $3.1m from $3.5m and a net income of $0.7m from $3.7m and sees revenue growth in 2013 significantly higher than 2012   UK Market News Reports suggest that Vodafone may make…

When I’m 84 While we may live in a world where youth and being youthful is all the rage, it would appear that the old guard is still capable of making a splash. This is despite one of the favourite catchphrases of my 81 year old father being, “There is no fool like an old…