The US dollar has been reasonably positive against the Japanese yen over the last several months, and it looks likely that we will continue to see buyers underneath, as the 112 level is the 38.2% Fibonacci retracement level from the recent rally. Below there, we have the 50% Fibonacci retracement level at the 111 level,…
With most global markets closed for Christmas, the only overnight action was in Asia, which saw Chinese equities fall with tech stocks and names linked to Apple the worst performers after a report that Apple cut forecast iPhone X sales forecasts, while property firms surged on speculation of coming consolidation. As a result, after opening…
I wrote an “E-Christmas Carol” in 2001, set two years earlier, in December 1999. As prophesy, it was only so-so, but it captured the zeitgeist of the dot-com bubble quite well. This week, since we are in a new version of 1999’s gigantic bubble, I thought I would have another go…. Marley was imaginary, to…
This was our first year investing in the biotech sector. We had no idea how companies would respond to news, positive or negative. We had no idea what the market understood and how it interpreted data. We had no idea. The market is its own beast, derived of the aggregate opinions and knowledge of the mainstream…
At the beginning of the gold mining shift at 4 in the morning, submit their fingerprints for security checks and crowd through turnstiles (an added security measure), before lowering themselves down nearly 3 kilometers to Sibanye Gold’s Driefontein mine. Far below into the bedrock, in the humid air, miners attempt to dismantle a rock filled…
Background Asian Seafoods Coldstorage Public Company Limited is a smaller player in the Thai seafood market, with five domestic production facilities which produce frozen, canned and pouched seafood, as well as fish feed. The company also sells high-end pet foods. Of total sales 80% are exported. Business Description ASIAN started as a frozen seafood maker…
When Murray Rothbard’s America’s Great Depression first appeared in print in 1963, the economics profession was still completely dominated by the Keynesian Revolution that began in the 1930s. Rothbard, instead, employed the “Austrian” approach to money and the business cycle to explain the causes for the Great Depression, and to analyze the misguided and counterproductive policies that followed in the…
Hey guys the year is coming to an end, and trough my latest journey to the crypto world, where I invested in IOTA I was not that focused on dividend investing. But I am more than happy with my investment in IOTA as it is a changing technology which can be used in the future,…
Gold prices settled at $1275.29 per ounce, rising nearly 1.6% over the course of the week, as renewed political unrest in Europe and weakness in the U.S. dollar boosted the precious metal’s safe-haven appeal. The latest data from the Commodity Futures Trading Commission (CFTC) showed that speculative traders on the Chicago Mercantile Exchange increased their…
Below is an easy-to-read matrix of key ETFs highlighting the total return performance of various asset classes in 2017, over the last 5 years, and during the entire bull market that began on March 9th, 2009. Looking at the entire bull market, most of the green is on the left side where the US-related equity…
