Well, the news that many gold bugs were waiting for has been confirmed in the last 24 hrs. Yes, “Mr Subprime” John Paulson has partially folded his cards on his long gold bet. Of course, this coincided almost exactly with the explosive rally we have seen in the gold price – such is the way…
By Investment Contrarians I’ve always been a fan of long-term investing, as it allows big picture thinking to be more important than short-term gyrations. One of my concerns when it comes to developing a long-term investing portfolio is the Chinese economy. Over the last 10 years, we’ve seen the Chinese economy take a greater role…
The Japanese Yen tends to appreciate against the US Dollar during the month of August. As imprecise as this market truism may sound, just look at the history of this currency pair and you’ll quickly see that a clear pattern emerges. August is a good month to be long the Yen. Citi’s FX Technical’s group…
Make no mistake; the following chart is an absolute gift as far as I am concerned. If you’ve been following my narrative on US stocks in the last few months, you’ll know I’m bearish because I believe the outlook for American QE has fundamentally changed. Naturally, I have been seeking opportunities to go short. To…
After 5 years of “highly accommodative” monetary policy, which has seen the Federal Reserve’s balance sheet grow by several trillion dollars and interest rates kept at record low levels, financial assets have recovered from their post crisis lows and have even gone on to break all time nominal highs. As far as markets are concerned,…
Corn continued higher as expected but broke 468/469 to hit Fibonacci resistance at 475/476 & it was a surprise to see prices go this far but this should hold again today if retested. We are starting to look overbought short term & do not forget we are in a bear trend so we can try shorts here…
European equities have opened mixed this morning, following one of the sharpest sessions of selling seen for weeks. Concerns over the market’s belief that interest rates are set to rise in line with a sell-off in the bond market has spooked equity investors into demanding a greater risk premium. Claimant count figures from the States…
Regular readers of SpreadBet Magazine and our blog will know that we switched our stance on gold to bullish earlier in the summer. Fortuitously for us, this also coincided with the near term bottom in the market. Since the end of June, the precious metal has been in fairly solid recovery mode and is up…
Brent Crude has made it to Fibonacci target & resistance of 110.55/65. We are overbought short term so it is worth profit taking and perhaps trying shorts with stops above 111.00. A break higher sees a move towards 111.25/33 then April highs of 111.79. Any profit taking here should see us back at 109.90/85. A…
