We present below the great and good (or Wolves?) of Wall St and their 2014 predictions for the S&P500. Warning sign 1000,001 – when the “anal”yst consensus is one way the opposite invariably happens and here at SBM we can’t quite see 2500 on the S&P500. Our money is on an end year close of…
And so, as 2013 nears its end, it seems only appropriate for me to take al look at the “bulletin board hero Oilers” such as Gulf Keystone, Xcite Energy and. The million dollar question is will these stocks be dragged higher along with the rest of the stock market’s strong festive rally or, as 2014…
“Historically with gold miners, if you can buy the low-cost leader below book value, its proven to be an outstanding investment.” NOTE – The above chart was produced in May. Since then the sector has fallen nearly 30% implying a price to book value of less than 0.7! The chart doesn’t show it, but gold stocks…
It looks like Marc Faber & SBM have been drinking the same Xmas tipple. His views as to what to expect in the markets on 2014 are eerily similar to ours… 1. The market will likely decline from the current peaks Faber says: “My sense is that at the present time, the US market is…
Copper up? Check. S&P melt up? Check. FTSE up? Check. Gold up? Check. Will we remain stuck in this strange parallel universe and see Kazakhmys the cheapest copper play bar NONE open down again or will I finally break free from groundhog day? Answers on a postcard to editor@spreadbetmagazine.com. In fact, for the respondent that…
And so, Santa delivered again this year, albeit somewhat belatedly for the FTSE relative to other markets and continuing the underperformance of the index seen for much of this year, in large part due to the underweighting of technology stocks – the go go sector this year and the large degree of mining plays in…
Robert Wilson hedge fund titan Below is an excerpt from an interview at the turn of the millennia from hedge fund legend Robert Wilson and who died this Xmas holiday. RIP “Tell me a little bit about the story — you went on a trip around the world one time. I was on a trip around…
As the negativity towards gold bullion increases, and the influx of easy money is in jeopardy, one key question is being asked: how low can the prices of the yellow shiny metal really go? Remember the decline in gold bullion prices in late June? When the prices fell below $1,200 an ounce then, we heard…
