Markets.. (finally)..
by on Jul 15, 2011 •The joys of spanish internet have delayed the markets summary today.. apologies, beyond my control i’m afraid.. Asia calm over night again and shanghi looking almost healthy.. the big trend remains as was of course.. Technical view at:http://www.stocktiming.com/Shanghai_Daily_Stock_Market_Updates/shanghai-index-update-thursday.htm DM markets threatened that breakdown yesterday but as said it was all way too calm.. these markets...
Deutsche Bank – Food Price Projections
by on Jul 14, 2011 •Deutsche-Bank-Lower-Food-Prices-Not-in-Sight Good to see Deutsche Bank finally mentioning currency debasement of the USD as a key driver of food prices.. You recall a year or so ago no reports mentioned currency debasement as a driver. At least research departments are playing catchup now. It seems few in the farming business now believe much the USDA...
Markets
by on Jul 14, 2011 •A very noteworthy 24hr period this.. Asia overnight fine.. small move south on average but nothing to write home about.. steady market reflecting the general mood at present if not the news flow.. lol.. Ben came out and poured some fuel on the fire of the longs.. The Bernake put is under the market. Any...
Bernake talks QE3 – Assets up, USD down
by on Jul 13, 2011 •Bernake talks up the market hinting at more monetary easy conditions to come. Its been a mere 2 weeks since qe2 ended. Printing money is great for asset prices so everything is up from oil to equities to coffee to sugar. Everything apart from the usd that fell off a cliff today. http://www.cnbc.com/id/43739458 Rich
DAVID EINHORN Q1 Letter to Investors – Greenlight Capital
by on Jul 13, 2011 •One of the most successful long short hedge funds in recent years. David picks up on many of the themes we see.. qe, japan, us deficits etc.. Here his April 2011 q1 letter to shareholders. Ill try and bring you the Q2 when its released end of july. The circus will come to Japan.. Several...
Markets
by on Jul 13, 2011 •Asia recovered her composure overnight, didn’t quite provide a complete reversal of the prior day but on many markets, shanghi inc, price got close. (as the shanghi in a down trend this reversal isn’t too significant. Hangseng less impressive, 50% retrace). We said yesterday the price action was ‘in control’ and that the longs were...
Markets
by on Jul 12, 2011 •Ok, we have some action here.. Asia took a big tumble over night with the hangseng the big loser but all indexes falling nicely. Once again it was the end of the session that saw the big selling which is ominous i must say. The ‘amateurs open the day, the professionals end the day’ is...
Andrew Maguire Interview Released – KWN
by on Jul 11, 2011 •He knows the market inside out. The interview release was delayed but now live.. Watch price.. price must be our lead here..It could be really explosive if he is correct. http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/7/11_Andrew_Maguire.html I do hold paper futures, physical and miners in equity,etfs and option calls. If he is right and the paper holders are forced to...
Erste Gold Report – July 2011 – For Gold Bugs
by on Jul 11, 2011 •Just another report that comes into the in tray. What i find interesting here (aside from the content of the report) is that the finance sector are significant laggards to the pm bull run. There has been almost no finance participation in this run to date. In spite of the trend the percentage of funds...
US Treasuries. who is buying?
by on Jul 11, 2011 •Primary dealers have upped their purchases as foreign buying has declined. As the fed’s qe program provided a ready buyer the dealers could make a decent turn and underwrite the issuance. Risk free, easy money. But with the end of qe2 (sustained fed balance sheet however) the dealers may get squeezed out here. Certainly it...
Goldmans Commodity Watch 2H – 2011 pdf
by on Jul 11, 2011 •From a few days ago, the Goldmans 2h view for commodities. ‘We reiterate our long trading recommendations for Brent crude oil, UK natural gas, copper, zinc and soybeans’. 59520474-Goldman-Sachs-Commodity-Watch-2H2011-Outlook-July-7-2011 Essentially bullish due to the supply demand imbalances but near term volatility and short term risks to the downside. 20% upside for the next 12 months...
Markets (catchup)
by on Jul 11, 2011 • Markets So where are we here and now and where are likely to move to in the near term. Asia over night was weak. Singapore, HangSeng, Nikkei down over night. No particular fireworks although the Hangseng showed the best chance of producing fireworks particularly at the end of the session. I...