So, as 2014 gets underway, it seems business as usual in the Previous Metals spectrum what with BoA Merrill Lynch coming out with a price target of $1150 on gold and around $18.50 as an average for 2014. Same old same old… We can see in the chart below that silver remains mired in the…
S Treasury yields broke down sharply Friday, confirming a near-term, potentially medium-term, turn in trend; and, as BofAML’s Macneil Curry notes, this Treasury turn should prove to be a headwind for select USD pairs, (although BofAML remains bigger picture USD bulls); particularly USDJPY. However, the weakness in the Canadian USD – which was the only currency…
As the market begin to calm down following Friday’s non-farm frenzy a rebound is expected today as concerns that accelerated tapering may be on the cards, following a string of better than forecast employment data, were eased by the surprisingly poor non-farm results. Some investors are attributing the poor non-farm data to the unusual weather…
As regular readers will know, my absolute favourite technical indicator as an isolated indicator of market tops and bottoms is the Put Call ratio. Although it works almost to a treat at calling short term bottoms, it also has a very high hit rate on market tops. With this in mind, I present the Put…
Risers: Perform Group +5.09% Sport content provider, Perform Group, has today revealed that their Chief Financial Officer David Surtees is to step down on Jan 31. The company has not revealed a successor to Mr Surtees at present. Churchill China +15.63% Churchill China, a ceramics manufacturer, has today said it believes its performance will be…
So, here we are once again, looking to see whether the beleagured mining stocks are finally starting to rehabilitate themselves. Once more however, the current picture of stock prices after an initial New Year burst dipping down, appears present just as great a chance of losing money in terms of selling short through getting stuck…
The year 2013 was not kind to gold; the yellow metal closed the year down about 28%—its biggest annual drop in three decades. But in spite of the awful year for gold, it wasn’t the worst-performing metal in 2013. That dubious distinction goes to silver. On the heels of quantitative easing, a devaluation of…
Asian stocks swung between gains and losses overnight following Chinese date which showed a rise in China’s imports to the most in five months, indicating that domestic demand will support economic growth. Inbound shipments advanced 8.3% from a year earlier. European futures are indicating a higher open, ahead of key US jobless data at…
Similar to our last quarter report, there have been no material changes to the portfolio composition aside from position trimming and the exiting from the silver future position as the fund experienced a drawdown due to the marked underperformance of oil and other commodity stocks relative to the wider market. As with our Precious Metals…
