So, the results came and went. We traded it well – exiting the stock after hours at $418 and being flat now ready to buy down again. The chart below struck me as interesting which is a measure of the stocks relationship to its book value over the last 30 years. The late 90’s you…
Just a thought for bulls of KAZ but, given that Glencore were seriously considering a bid for ENRC in the summer of 2011, and at a mooted price of almost £10 per share, what chance that either they or another party look to actually purchase KAZ’s key 26% stake? 26% is a key level as…
Over the last few years, central banks around the world have been aggressively loosening their monetary policy. At the peak of the financial crisis with the collapse of Lehman’s, the US Federal Reserve had no choice other than to cut interest rates dramatically. So aggressive in fact was the easing of liquidity, that from a…
My new theory, which I have spouted privately to a very select audience – people like my 81 year old father(!) – is that economic depressions can be defined as situations in which bubbles initialy develop in deemed safe havens and then even the safe havens burst. OK,OK it’s not so much of a theory…
Given the tech bellwether’s publishing of its Q2 results after the close of play today, we thought we’d have an “Apple special” blog on this Tuesday with our own musings here and our resident technical analyst specialist Zak Mir a little later. First of, bearing in mind that the stock has lost almost $30 this…
These last 6 weeks have been absolutely unrelenting with regards to valuation compression in the mining sector and the gold mining sub sector in particular. Indeed, if you have been long and remained long then unless you pay heed of our mantra of leverage moderation, you would have been crushed. Given our call in last months…
It has been quite a week from my perspective as far as the major indices have been concerned, at least as far as trying to make an accurate call on their price action. Why is there a particular problem at the moment? Could the fact that equity indices are now sufficiently off their highs of…
One of the best things about the financial markets for anyone that likes to have their brain cells stimulated, and in some cases fried (!), is the way that we are always being challenged in terms of where they are headed. Gold has been something of a classic. It was a taboo only recently to…
