One thing that is always true in financial markets is that investors continuously swing between a love-hate relation with equities or other asset classes. What is also true is that like a spurned lover, the end game usually ends in overreaction. In effect, what is loved today will be hated tomorrow and vice versa. The…
FTSE 100 Rio Tinto (RIO) – confirms that no discussions are taking place with Glencore, following press speculation. Fresnillo (FRES) – completes the acquisition of Newmont Mining’s 44% interest in the Penmont Joint Venture. FTSE 250 Carillion (CLLN) – Carillion will be the first company to benefit from the new Direct Lending Facility, which is…
As it becomes ever more apparent that the long awaited Barryroe farm in conclusion is now imminent going by remarks from the company last Tuesday, here’s a snippet from brokerage house TPH Energy Research of the equity implications (note: sterling prices are based upon a $1.55 FX rate and so at the current rate, target…
This is the third of my series “Charting The Fund Managers,” with Mark Slater – son of investment legend Jim “Zulu Principle” Slater. To my mind Mark is already in the legend category, something which is apparent to anyone who has studied his career and approach. The fund which I am focusing on here is…
Zak Mir covers the FTSE, Iofina, Fastnet Oil & Gas, Quindell, Range Resources and BG Group on Tip TV CICK THE IMAGE BELOW TO VIEW TODAY’S VIDEO
“In any event, be careful in believing that a market advance “proves” concerns about valuations wrong. What further advances actually do is simply extend the scope of the potential losses that are likely to follow. That lesson has been repeated across history.” Chart of Dow index 1924 – 1932
“If one accepts that gold is not merely an industrial commodity but an alternative form of money (and central banks clearly do, or they would not be holding it in the form of reserves), than it clearly makes sense to favour a money whose supply is growing at 1.5% per annum over monies whose supply…
FTSE 100 BG Group (BG.) – Following the commitment from the Egyptian government to repay outstanding debts to the energy industry BG Group has received a $350 million payment. This reduces the company’s domestic receivables balance in Egypt to around $1.2 billion. Tesco (TSCO) – Richard Cousins and Mikael Ohlsson will join the Board of…
Just over a week ago, the Asian world woke up to a shock when someone attempted to make a single trade worth 67.78 trillion yen (£370 billion). That’s right £370 BILLION! It seems a Japanese broker inserted an order to buy a total of 42 Japanese equities whose value was equivalent to the entire Swedish…
When the butterfly flaps its wings in the US, it seems that it can spark a tornado in emerging markets. The global economy and its free flow of capital ensure that financial contagion can occur in a matter of days, or even seconds. But, the real economy is now secondary to the global system –…
