Although equity markets have pulled back ahead of the possible Federal Reserve tapering news on Wednesday, it is interesting that there has not really been the Dollar strength that one might have expected against the Euro and Sterling. At the same time however, Dollar / Yen has gone into wait and see mode hovering just…
“Of all the asset claases that I look at, the most depressed is precious metals (and precious metals equities). If money printing continues, which he sees as likely around the world as they “continue their insane policies”, these will benefit the most.” THE GDX ETF WEEKLY CHART (LARGE CAP GOLD MINERS) OVER THE LAST 8 YEARS –…
Will they, won’t they, tapering is likely the only thing on most investors mind today ahead of the FOMC’s decision on whether to finally taper the unprecedented $85 billion monthly bond buying scheme. Investor’s recent activity would suggest an initial confidence in no tapering with US indices starting strongly yesterday, however fear and second guessing…
With only a week to go before Christmas, I can reveal that the Editor of Spreadbet Magazine (yours truly!) has not bought anyone anything – not even a card. Clearly, this state of affairs is not sustainable in the Mir household, just like the UK housing bubble in fact and so it must be rectified…
Risers: Marechale Capital +35.29% Investment banking and finance firm, Marechale Capital, has today reported HY pretax profit of £18,915 in comparison to a loss of £156,044 last year. Revenue figures are £433,924 vs. £140,682 which has been the result of new business being generated. Elektron PLC +9.26% Global technology firm, Elektron PLC, has said Tuesday…
The price of gold has been subject to a rapid and seemingly never ending decline in recent weeks, falling from a high of $1360.9 back on the 29th of October (Comex Feb 2014 futures) to print as low as $1210.80 by the 4th of December (see chart below). Given that there has been no significant…
Just a few days ago the exchanges of Hong Kong and Singapore signed a Memorandum of Understanding with the intent of joining forces to create more products denominated in the Chinese renminbi. The move seems harmless and uneventful, just part of the day-to-day activities of these exchanges, but is it really? There could be far-reaching…
Investors banking on a “Santa Rally” would have been encouraged by the strong start to the week European indices have enjoyed. Unfortunately, we are seeing weakness in European futures this morning as we prepare for Tuesday’s open as investors continue to gauge the outlook for U.S stimulus before the Federal Reserve meets today. The Federal…
The S&P 500 is set to resume its march higher, according to BofAML’s Macneil Curry anyway and pointing to the week of December Triple Witching as historically one of the strongest of the year for the S&P500. With fundamentals a thing-of-the-past, paying attention to the technicals in a world of one driver of stocks (Fed balance sheet),…
If you think you can judge a book by its cover, then you must believe the U.S. economy is doing really, really well. After all, consumer confidence is up and misery is down. However, looking past the cover, the pages of underlying economic indicators suggest the average American investor should be a little concerned. But…
