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…
The ubiquitous Mr Caaawkwell seemingly trying to get his point across on RPO! Having been away on business in the States over the last 2 weeks (building a ski lodge), I took the time this weekend to clear my inbox and lo and behold, sitting amongst them was an email from the infamous Mr Cawkwell…
Below I print, in all it’s glory, a comment from one of our “readers” going by the handle of “another bad call”. “lcg crashed -NOT A WORD MENTIONEDphytopharm recommended at 10p price 1p STOP GIVING TIPS JOKERS AVM-heavily buying 27pprice 21p delete this post quick ALWAS HAPPY TO MENTION THE WINNERS EH? NOT A WORD…
Since the turn of the year, and against analysts’ expectations (once again!), the US dollar has been rising against all the major currencies. The Yen and the Pound are the major losers against the greenback but the dollar’s gain is broad-based against pretty much every other pair. With the US equity market rising 10$, why…
