UPDATE – 17/12/12 – Perhaps 21/12/12 will not in fact herald the end of the world for us all but for Assad? We can see in the chart below that today’s price action is extremely encouraging with the stock rising decisively now through the long down trend that has been entrenched over the last 2…
FTSE 100, Daily In the past few weeks we highlighted how the FTSE has broken through its previous bullish trading channel, red region. We mentioned at the time however that a trend line break does not necessarily equal a trend change, and that often a period of consolidation occurs following a break of this…
Monday, December 17, 2012 UK Reporting:- Aggreko Plc, AGK, (R), Aggreko Plc, AGK, (R), Imagination Tech Group Plc, IMG, (SM), London & Stamford Property P, LSP, (SM) S&P 500 Reporting:- None Detailed Euro Stoxx 600 Reporting:- None Detailed Economic Data:- 00:01 UK December Rightmove House Prices, -2.6% previous 13:30 US December Empire Manufacturing, -0.50 exp. -5.22 previous Economic…
This week, in keeping with the Xmas theme, and deeming myself to be one of the 3 “wise men”, I bring you technical analysis “gifts” of gold stocks! As can be seen from the daily chart of Randgold Resources (RRS), it has not been a happy autumn for shares in the Mali focused mining group.…
It’s been a couple of weeks now since any real news on Bumi and all remains eerily quiet… All the while, the stock remains resolutely pinned to the 260-270p level. We continue to believe that Bumi presents the best potential Xmas or New Year present in the mining sphere given the £4+ that is presently…
With the FTSE hovering close to 6000 (and most likely about to pop it before the year’s out) but still the “fiscal cliff” worries, the Grexit potential, euro sovereign woes etc all still potentially lurking around the corner, perhaps putting on a so called black swan trade via the options market for 2013 is advisable. We certainly…
The U.S. Federal Reserve Open Market Committee announced on Wednesday some important changes in terms of monetary policy. These policies are expected to help improve the economic condition of the U.S. economy but may as a side effect result in substantial harm for the European Union. As the FED throws another package of $45 billion…
14 Dec 2012 Cantor Opening Call The FTSE is seen up 10 points higher today UK Corporate Announcements Punch Taverns states that its sees improved conditions in H2 and that its profit is in line WHI Ireland announces group revenues gained to £25m, and that markets remain challenging and has cautious optimism…
This mornings RNS beggar belief – Suspension of operations Centamin advises that it has received an illegal retrospective claim from Egyptian General Petroleum Corporation (EGPC) for LE403 million (c. US$65 million) for diesel fuel supplied from December 2009 until January 2012. Furthermore, EGPC has refused to authorise future supply of diesel to the Sukari Gold…
Regular readers of this blog will know we got into a spat with one of the lowest forms of life imaginable some months ago – the cowards/ghouls that lurk on bulletin boards and post lies and untruths. There again are untruths being posted on the ADVFN Ceres Board (I suppose it says all we need…
