Asian stocks have risen overnight as Chinese policymakers make assurances that the economy will not grow any more slowly than seven percent. Additionally, disappointing U.S housing data has perhaps damped concerns that the Federal Reserve will withdraw stimulus. In its best performance since June 2012, gold jumped 3 percent during yesterday’s trading. Gold seems to…
Apparently in Hollywood you are only as good as your last film, and it would appear that in the financial markets only as good as your last call. In fact, I am reporting back on the last three calls here, not as a trumpet blowing example, of which there are too many all over the…
The following piece on Gold from Barrons caught our eye and explains somewhat succintly why we are positive on the yellow metal and concurs almost perfectly with the observations we have made on this blog here in recent weeks (see Gold tab on right) – The collapse in the gold price from a high of…
Global markets remained range bound today as investors decided that now was a good time to cash in on recent highs and get into the swing of their summer holidays. Volumes are proving thin and even the most opportunistic of investors are finding it hard to find bargains within the markets. Investors are also being…
I suppose that there were a couple of ways that Glaxo could have played the allegations of bribery in China game in recent days. In fact, it would appear that in the end, both strategies have been dragged out and proved forlorn. The first approach was to simply deny any wrongdoing and let China provide…
A pretty downbeat note on African Barrick by Morgan Stanley was passed my way today. In our morning investment meeting I was asked for my opinion on this. One comment was made be may, that was all that was needed really – they had the stock as a Buy only 2 years ago with a…
Guest post by Investment Contrarians Oil prices continue to edge higher on the chart, and that’s pushing the cost of gasoline higher at the pumps. Now, while U.S. crude inventories have risen over the past two weeks, I do not believe there’s a supply-demand issue that is propping it up. I believe the demand…
Courtesy of GoldMoney The recent slide in the gold price has generated substantial demand for bullion that will likely bring forward a financial and systemic disaster for both central and bullion banks that has been brewing for a long time. To understand why, we must examine their role and motivations in precious metals markets and…
The markets are always keen to teach us lessons, even lessons we thought we already knew. For instance, divorce is expensive. Given the 2 million shares just sold by trendy fashion retailer Supergroup (SGP) founder James Holder at £10, it really does make one wonder why anyone other than the most poverty stricken would chose…
