Market Commentary

EU fails to make resolution so far

2011-08-22T14:40:00.000-07:00

It is hard to envisage the markets recovering unless the EU gets its debt obligations in sync. It is very hard to imagine that happening, so we might expect more volatility in the short term. Unless...

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Fed decision - what does it mean?

2011-08-10T21:23:00.000-07:00

The Fed has said that it will freeze interest rates for 2 years. Whilst this can be considered a measure to give the market confidence; the question has to be asked, is the measure reasonable, or...

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Market about to recover - Australian market leads

2011-08-10T18:38:00.000-07:00

Here is a statistic for you. In the last 5 days some $4.5 trillion was wiped off the value of global equities. That is despite the value of all Italian debt being just $3 trillion. Of course, there...

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Gold stocks will shine!

2011-08-09T17:09:00.000-07:00

Gold stocks are all the rage at the moment, and the Australian market makes a lot of sense for several reasons:1. High levels of household indebtedness mean there are political reasons for the govt...

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Equity market is vulnerable to a correction

2011-06-19T17:38:00.000-07:00

The market is coming off significantly at present, and given that it has failed to breach previous resistance and there seems no prospect of support from the central banks, there is good reason to...

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Japanese financial stimulus stifling

2011-03-14T16:57:00.000-07:00

Ok, the Japanese government has its excuse for an economic meltdown. It was not their fault, it was the earthquake. They just never had a chance. The US of course has their excuse as well. Bad luck,...

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Dow Jones equities heading down

2011-03-10T16:14:00.000-08:00

The S&P500 has broken support in the last 2 days....sadly I was not watching the market. Irrespective, I was well cashed up, since a number of stocks I like had announced issues, so it was of no...

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Coal prices not going to $400/tonne

2011-01-17T11:14:00.000-08:00

Wood MacKenzie, coal industry consultants are forecasting hard coking coal prices to reach $400-500/tonne as a result of the flooding in Queensland. We previously wrote about the impact of flooding...

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Correction to media reports - coal exports

2011-01-05T10:44:00.000-08:00

If you read the press, you will hear that "Queensland (Australia) is losing up to A$100 million ($131 million) a day in coal exports because of the unprecedented floods". The reality is far less...

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Gold outlook looks good

2010-12-27T13:02:00.000-08:00

Here is a recent argument highlighting the upside of gold. People often look to gold as an inflation hedge. The reality however is that any tangible asset is a hedge against inflation, because whilst...

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Some validation for mining executives

2010-11-09T11:46:00.000-08:00

Among the very small number of you who read my blogs, will be the overwhelming majority of you who think I am too critical. Yes, for good reason. But alas, today I am out to offer some validation to...

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Merger of Australia's ASX and Singapore's SGX

2010-10-24T16:09:00.000-07:00

There is an offer on the table by the SGX - Singapore's stock exchange, to merge with the Australian Stock Exchange (ASX). It would be ridiculous to merge the ASX and SGX because it only makes sense...

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The Fed to engage in monetary easying

2010-10-20T11:55:00.001-07:00

Markets are expecting a correction. There is every reason to expect a correction, but by no means is the US, UK, EU or Japanese governments going to allow equity markets to collapse in any dire way....

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Nonsense about a currency war

2010-10-07T14:29:00.000-07:00

In the media we are being told that a currency war is brewing in international markets because China is supporting its currency. We might ask - what are the ramifications of this? In this blog...

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Reserve Bank trepidation signalling govt spending

2010-10-05T15:46:00.000-07:00

Readers of our Japan Foreclosed Property blog will be aware that we have been expecting Japan to engage in an easy monetary policy for a time now, and now its coming through. The consequence is going...

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Where to place your money during this recession

2010-10-05T14:40:00.001-07:00

An article in the San Diego Tribune offers some investment advice in these hard times. I have some other advice for you, which you might like to consider after reading this article, which I find only...

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Does Ben Bernacke give stock tips?

2010-08-30T01:15:00.000-07:00

Want to know when to buy & sell stocks? Maybe you should ask the Fed, as their arbitrary injections of stimulus are pretty well what drives stock prices. We have managed exchange rates, now its...

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Not only gold glitters!

2010-08-18T14:57:00.000-07:00

It is easy to become somewhat myopic about gold. I was historically like that a few years ago. I have been following gold since the 1980s, and in this uptrend since 2000. I have made some good...

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Pilbara depletion of iron ore

2010-08-09T14:23:00.000-07:00

I swear academics - ok 99% of academics - are not worth a cent, just like politicians who legitimatise their expense with 'accountable' dollars extorted from you, the taxpayer. The quality of their...

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Australia in great shape - better without Gillard

2010-08-04T16:34:00.000-07:00

In the last week there has been a raft of news confirming our views of the last year that Australia will weather the current global economic storm very well. In fact it always does. Any collapse in...

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Watch the S&P - it might impact gold trend

2010-07-21T17:26:00.001-07:00

The S&P is at a fairly critical point at this time. We can see that the market can either fall back to its previous lows, or it can resist such moves and fight another today. The question is - to...

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The market outlook - for the next year

2010-07-16T01:01:00.001-07:00

Here is a good argument for a 'double dip' in the broader equity markets. Eventually this will be good for gold. Another story someone sent me raises the spectre of $2.6 trillion in municipal bonds...

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Late market watch - ASX

2010-06-29T22:08:00.000-07:00

The Dow Jones and ASX appear set to fall back to supports. There might be some measure by central banks to support the market. See ASX chart attached. ASX going to 4286 otherwise lower. We can expect...

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Escalating signs of economic peril

2010-06-09T18:06:00.000-07:00

Taking a look at the EuroZone, I can see why my earlier expectancy of support for the Euro has not been achieved. I do not give a lot of time to this market....not as much time as I should. Consider...

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Your gold market options

2010-05-14T14:48:00.000-07:00

[QUOTE=Scot27;827520]Why buy actual gold? Why not just buy an ETF that tracks the price of Gold? Im not very clued up by precious metals (I have always bought ETFs for them), so was wondering what...

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