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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…

SBM’s Thurs addition – With the look of the share price today it’s worse – after farting she’s followed through!!! On a serious note, there is a saying that “share price never lies” and the relentless decline in GKP spells something behind the scenes to us. My guess is the court case with Excalibur is…

Following on from our blog below (http://www.spreadbetmagazine.com/blog/thought-of-the-day-re-kaz.html) from yesterday, it is interesting to read the following in todays press –  Analysts at UBS noted that the consortium of three founding ENRC investors and the Kazakh government considering an offer for the group are likely to bid for both Kazakhmys’s 26pc stake in the company as well…

UPDATE – WITH A SHARP REBOUND IN COPPER OVERNIGHT, AND ENRC SCRATCHING 300P WITH TALK OF A 350P OFFER, THE NONSENSE THAT IS KAZ’S SHARE PRICE REMAINS… THANKS FOR THE OPPORTUNITY AGAIN “MR MARKET”. Nice to see UBS can also read a balance sheet and have slapped a 490p Buy recomm on them today. The…