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Overnight roundup courtesy of Spreadex – 23/09/13
European stock markets are seen opening slightly lower to unchanged as investors focus on developments in Germany following the re-election of Chancellor Angela Merkel. Despite Merkel winning her third term at the helm of Europe’s biggest economy, the votes came in slightly short of an overall victory. It will now be up to Merkel to…
And cut – chart chart du jour 3. Place your bets ladeez and gentlemanz!
The chart below displays the ratio of global central bank balance sheets to the price of gold (i.e. how much gold is required to support the balance sheets of the world’s money-printers). As we can see itappears to be reaching an extreme… To quote JP Morgan in their recently released Gold tome – “In other…
chart du jour – which one blinks first – the Fed or gold?!
The chart above, to us, is extremely telling… With $18tn of debt outstanding (and growing), there is no way that the FED can scale back dramatically the purchasing of bonds in the immediate term and with uber dove Yellen in the frame for the new Fed Chair seat, we know which way we are comfortable…
Zak Mir on Fooling The Markets; Tapering, Facebook & Apple
I think that it will turn out that last week could prove to be a watershed for financial markets. The Fed was always going to have great difficulty in digging itself out of the QE hole that it has managed to lodge itself in. However serious questions also remain about the role of the media…
It seems we’re Not Alone In Our bullish stance on precious metals
By Filipe R. Costa Ned Goodman During euphoric times, most investors don’t waste time rationally analysing things. If markets are going up and everybody is bullish, why bother examining the reasons for it? There’s no time to waste when every stock is a buy! The only thing that really matters is to hurry up and…
Afternoon comment courtesy of Spreadex
World markets maintained their 5 year highs, finishing the week on major gains after the US Federal Reserve’s shock decision to keep its flow of stimulus steady. European markets dipped into the red on Friday as investors locked in some of the gains we have seen this week. US markets remained little changed, pointing to…
A Bullish Case for the “Other” Precious Metal
By Investment Contrarians Silver has been one of my favorite precious metals. One of the reasons I like the white metal is because not only is it used as a store of value, but it also has industrial uses. With that said, this shouldn’t suggest that I don’t like gold. The yellow metal has its…
Risers & Fallers courtesy of Spreadex
Risers Land Securities, +1.24% Shares in Land Securities have edged higher after the company confirmed that it has agreed to acquire an additional 35.6% interest in the X-Leisure Unit Trust for £104 million in cash, taking its total ownership of the trust to 95%. The X-Leisure portfolio comprises 16 schemes, totalling 300,000 m2 of prime…