Asian stocks along with the regional benchmark index declined last night after data showing the US service industry failed to beat forecasts combined with US indices declining for the third consecutive day added to investors New Year worries. Investors appear cautious ahead of the upcoming non-farm employment data due to be released on Friday, which…
1. We experience a Dickensian market with the best of times and the worst of times. The worst comes first as geopolitical problems coupled with euphoric extremes lead to a sharp correction of more than 10%. The best then follows with a move to new highs as the Standard & Poor’s 500 approaches a 20% total…
Sorry about the headline but JUST couldn’t resist! Just whoever it is trying to sit on gold looks to us as if they are about to find out the meaning of the word “pain”. At just after 15:10 on the ISM print somebody took out seemingly the entire bid stack down to $1215 – an…
As I have stated on practically every occasion whenI have charted the banks for Spreadbet Magazine, I am not a big fan of the sector. Perhaps even worse, I remain amazed that the Great British Public remains more concerned about issues such as the EU and immigration rather than how much its very own banking…
Martin Amstrong Martin Armstrong, a well known economist (if not always for the best reasons!), lit the blue touch paper of private wealth security when he published a blog just before Xmas warning about a potential 10% expropriation of individuals savings throughout Europe via a proposed levy applied to everyone’s bank account as long as…
Risers: Centamin +3.55% Mineral exploration company, Centamin, has today released Q4 preliminary production results from its Sukari gold mine. The mine, based in Egypt, produced 97,546 ounces of gold which is a 7% increase on the corresponding year. MTI Wireless Edge +19.30% Antenna system developer and manufacturer, MTI Wireless Edge, has today won a $1.0m…
The post below from John Husman with accompanying chart caught our eye. Based on the fidelity of the recent advance to this price structure, we estimate the “finite-time singularity” of the present log-periodic bubble to occur (or to have occurred) somewhere between December 31, 2013 and January 13, 2014. That does not mean that prices must immediately crash…
We have been asked to comment on the Odey short position in Kazakhmys and the FT article yesterday in which the paper stated that they are in fact short almost 1/3 of the free float. Real short data is notoriously difficult to pin down as positions can be held across funds and also short stances…
Japanese stocks fell after they resumed trading from the New Year break, with the Nikkei 225 posting its biggest drop since October. Japanese exporters were hit the most after a stronger Yen weighed on the stocks. Bank of Japan Governor Haruhiko Kuroda said Japan’s central bank won’t necessarily end or scale back stimulus in two…
I am sure that we are not alone in wishing to kiss goodbye to 2013, certainly if you have been a bull of mining stocks this year you will likely echo our feelings. Whilst the wider equity markets have powered on to new record highs, the mining sector has been the (ever) shrinking violet at…
