After today’s post-Brexit vote low for the Pound, it’s time for all the talking heads and financial journalists to describe the horrors of a weak currency. It is a pity the media is not exactly heavily populated by those who know what they are talking about, or are allowed to speak their mind… Sterling / Dollar:…
One of the attractions of investment trusts is that in many cases the managers seem to stay in place longer than they do with open-ended funds, which can result in a more consistent approach. The downside with this is that things can get a bit stale and it sometimes requires a change at the top…
Schrödinger’s Cat is out of the bag On 04 August I authored an article on these pages entitled Schrödinger’s Cat is SO Clever – about Quantum Computing (QC). Little did I know that that was the very day that a secret group of Google’s scientists chose to publish an academic paper for peer review which…
It is rare that as a technical analyst the cue for looking at a stock is quite so directly fundamentals based, but, in the case of Ibstock, the latest Government initiatives on the housing front make it an appropriate thing to do. Ibstock (IBST): Above 50 Day Line Targets 200p Apparently in the world of…
Philip Hammond is giving the market a boost today. Clearly, someone in HM Treasury reckons the gilts market will stand it. ***** A call from a box at Ascot on Saturday informed me that Capita (CPI)‘s problems shareprice wise are by no means over. I was told to ignore the director share purchases last Friday…
As readers are no doubt aware, OPEC recently agreed a production cut from its August output of 33.2 mb/d (million barrels per day) to a new target of between 32.5 mb/d to 33.0 mb/d. With OECD oil inventories expected at 3,090 million barrels by the end of this year, the agreed production cut is unlikely…
Focusing on the overall chart pattern can very often be the best way forward with regard to volatile small caps such as Sovereign Mines of Africa. Sovereign Mines of Africa (SMA): Bull flag above previous resistance points towards 1.2p While it may be something of an exaggeration to suggest that in terms of the price…
If only we could all discipline ourselves to only picking on companies with charts like Cloudtag… Cloudtag (CTAG): Technical target as high as 30p Cloudtag has the current honour of being the most followed/trending and just plain loved small cap on the London stock market at the moment. It has achieved multi-bagger status and offered…
I went short Canadian dollars yesterday and, this morning, shorted Japanese yen at 100.78 (i.e. bought it versus USD) on the basis of a Goldman Sachs note. It is astonishing that JPY have held up so long. I bought back my FTSE short since quite a lot of hysteria seemed to have built up by…
The world’s population is forecast to increase from 7.3 billion today to 9.7 billion by 2050. That’s a rise of 33% in just 34 years and this brings a significant challenge. That is how to balance the increased energy needs of a larger population of people with a required reduction in carbon dioxide emissions. Shell…
