Latest
An interesting post laying out the case for the coming gold short squeeze. Must read
The price of gold fell last week to the $1,200 level. The lemming sentiment in capital markets is uniformly bearish, yet every price-drop brings forth hungry buyers for physical gold from all over the world. Even hard-bitten gold bugs in the West are shaken and frightened to call a bottom, yet it is these conditions…
Investing in Gold Bullion Is All About Timing—Here’s How to Do It Right
Guest post by Investment Contrarians People always ask me about gold bullion. They want to know if it’s the right time to get back into gold bullion as an investment. While many other advisors are advocating a wholesale abandonment of gold bullion, I believe the time to buy is close. Finding the proper entry point…
Carney’s reign begins
Carney’s reign begins by Ben Turney Today’s meeting of the Monetary Policy Committee (MPC) marks the first of Mark Carney’s reign as Governor of the Bank of England (BoE). He has joined the BoE with a stellar reputation as one of a handful of global superstar central bankers. His supporters point to the success of…
Zam Mir on Centamin – The Turnaround
Although it might have been irresponsible to call the floor in Centamin (CEY) ahead of the 48-hour deadline for the former president of Egypt to “vacate office” shall we say, the fact that shares of the gold miner and Egypt proxy did not decline any further below 30p, despite all the chaos in its adopted…
Livesquawk guest post – 10 key questions for “super” Mario Draghi
ECB PREVIEW: 10 QUESTIONS FOR DRAGHI Markets expect the European Central Bank (ECB) to hold its refinance rate at 0.50% and its deposit rate at 0% at its July monetary policy meeting. However, the focus will be on ECB president Mario Draghi’s post-meeting press conference; journalists certainly have plenty of ammunition to hit Draghi with. …
Has the tide turned for AIM resource stocks? (at least temporarily)
By Ben Turney I am not a fan of London’s Alternative Investment Market and have serious doubts if the model can survive in the long run. It is too cannibalistic, the regulatory model is fundamentally flawed and the valuation model relies far more on the manic behaviour of crowds rather than actual growth generated by…
Game Over In Portugal?
The political crisis which started in Portugal 48 hours ago that continues to escalate into both a political and economic problem at the wider European level is yet another reminder that the European saga hasn’t ended yet. Austerity applied elsewhere throughout the economic bloc has failed to deliver the necessary growth to put an end…
RBS & Barclays: A case of Can’t Lend, Won’t Lend!
Whereas my esteemed predecessor as Editor of Spreadbet Magazine has had a penchant for mining stocks and calling the floor in that particular asset class after a near two-year rout (or not as the case may be!), one of my many obsessions is the banking sector and the services to the community it provides (or…
Are the Fed’s finally about to nail Steve Cohen?
Do you remember the May issue of SBM, the one with The Biggest Insider Traders of All Time? At that time we decided to include Steve Cohen and his firm SAC Capital along with big names like Ivan Boesky, Michael Milken, and Raj Rajaratnam. We foresaw the rope tightening around “Stevie” as the Feds rounded…