I guess it can be said without fear of contradiction, that those investors with a penchant for buying into Falkand Islands oil & gas explorers such as Rockhopper (RKH), are probably the kind of people who enjoy going to the dentist or receiving threatening letters from HMRC! This point was underlined yesterday in the wake…
By Investment Contrarians A friend of mine recently asked me a question that many others might be asking as well: why do mining companies swing so often from optimism to pessimism? If we take a look at how the mining companies have reacted to price over the past few years, we can see just why…
Spot Gold beat 1374/77 but has so far failed just below this week’s high at 1384. As stated yesterday this offers a selling opportunity with stops above 1386. A break higher could target 1395. We are now overbought short term & on the daily chart which should continue to limit the topside. Watch for a test…
European headline shares opened cautiously today as investors continued to fret over the supposed tapering of US stimulus measures. The trepidation is partly justified as officials themselves have not come to a unified agreement regarding the longevity of the stimulus measures. However, pragmatists will be quick to point out that the measures will continue but…
By Ben Turney Taper, taper, taper. It’s all I seem to read about these days. The increasing sense of panic is palpable. But rather than running around like the headless chickens (or should that read “talking heads”?!), let’s step back for a moment and ask ourselves what might the taper mean? I’ve been pretty bearish…
Here at SBM, we have been very vocal during the last few months in stating our concerns about the disjoint beween financial markets and the real economy. With earnings rising only mildly, it is difficult to actually justify the kind of returns we have been observing for the S&P 500, and which ended the first…
While many Americans might be disturbed by recent news of the ongoing mass violence in Egypt, it’s unlikely that many have considered the economic impact the growing violence could have on America. And if you think the impact won’t be all that significant, you would be wrong. Oil prices are already seeing the effects of…
I am sure that one of the reasons why women who trade achieve better results than men (all excpet “Miss Daytrader”!!!) is almost certainly related to a particular “quality” that is something only those with a Y chromosome possess: machismo. It is the macho gene that causes traders to go long and stay long of…
Brent Crude held resistance at 110.10/20 & support at 109.35/30. The outlook is quite negative so we could continue lower today for support at 108.65/60. A bounce from here is possible again but watch for better Fibonacci & 200 day moving average support at 108.10/00 & a low for the day. Exit shorts & try longs with stops…
By Lance Roberts of Street talk live blog If you have been watching television, or reading headlines much as of late, you are undoubtedly aware that interest rates have risen. The current belief is that rising interest rates are a sign that the economy is improving as activity is pushing borrowing rates higher. In turn, as…
