More than one month after the now infamous Eurozone meeting, where it was decided that Cypriot local depositors would take a large haircut on balances over 100,000 euro’s, the situation in the country remains fragile and the uncertainty continues to strangle the economy. It is certainly doubtful that any Russians will be parking their…
Regular readers will know that we suggested a short position on ADVFN back in the Feb edition of our magazine (see here page 16 – http://issuu.com/spreadbetmagazine/docs/spreadbet_magazine_v13_generic?mode=window&pageNumber=1). For those that haven’t read our bear case, we recommend that you take a look at the well reasoned argument. A reader brought the stock to my attention again…
Market Sniper expects downside to 30p. Beware longs!
I made a call for the Dow to enter a serious drawdown period on the 6th April (see here – http://www.spreadbetmagazine.com/blog/tom-houggard-makes-the-bold-call-of-an-imminent-market-turn.html) On the 6th April 2013 the Dow was trading at 14,711. The closing high on the 8th April was 14,613. On a like for like call I am, as yet, not proven right. The high was calculated…
Two years after European officials begun claiming that the financial crisis was ending, GDP growth continues to head south in the Southern European regions and France is also stumbling now. More worryingly from a social costs perspective, unemployment levels continues setting record highs in Spain, Italy, Portugal, and in the Eurozone as a whole. Budget…
The 99% Club I have to confess that I would have thought that as a group, the various spread betting companies would be beating a path to my door and/or worshipping me as a God. Why? Well, quite simply given the almost evangelical zeal with which I have championed the twin causes of short term…
With valuations in the gold mining sector at a level now where it makes more sense for them to buy one another rather than build green-fields projects we expect that over the next 6 months consolidation will start to occur. Below is a link to our own top picks and that has a concentration on the…
