Wednesday, 1st July 2020
Why I’m finally about to make a bet on Bitcoin….
Gold is on a tear right now….
It’s no surprise. I told you to expect rising gold prices back at the start of April….
The yellow metal is up 12% over the last 3-months….
Current spot prices haven’t been seen since 2012 and we’re 70% ahead of prices at the bottom of the last bear market in 2015….
Right now, gold is testing the psychological price barrier of $1,800 per ounce….
Should it break through that ceiling, gold holders will sail into previously uncharted territory….
- Laughing at the cautious….
Gold is the traditional safe-haven investment during times of financial turbulence, turmoil, and trouble….
Plenty of capital is seeking out that shelter. But not everybody gets it….
Ardent stock traders – ever confident of perennially rising markets – laugh at this caution….
The FTSE has just posted its best quarter since 2010, they scoff….
European stocks – driven primarily by Germany – haven’t had as good a quarter since way back in 2015….
Over in the US, the Nasdaq has been hitting new highs. The S&P 500 just enjoyed its best quarter since 1998 and its best Q2 results since 1938….… Click here to read more
Tuesday, 10th December 2019
Why money managers don’t swim against the tide….
As a private investor with money to put into the market, there are basically two choices on how to proceed….
One, you can trust to your own powers of analysis, do your own due diligence, come to your own conclusions and allocate your own capital into the vehicles, instruments or stocks you determine to be appropriate for your needs….
Or two, you can trust to the ‘experts’ – professional brokers, analysts and money-managers who get paid to put your money to work for you….
There’s a whole multi-billion-pound international industry built on the idea – and constantly promoting the argument – that trusting to the ‘experts’ is the way to go….
After all, the ‘experts’ have the skills, the knowledge, the experience, the know-how, the savvy, the contacts, the inside-information, the data, the tools, the resources and the technical proficiency to get the job done more effectively – with measurably better outcomes – than poor old individuals like you and I could ever hope to achieve under our own steam….
At least that’s what ‘they’ say….
…. the self-same professional brokers, analysts and money-managers who rely on the commissions paid by private investors like you and I to put bread on the table and petrol in the Ferrari….… Click here to read more
Tuesday, 26th November 2019
Trust to girl power in 2020….
After the global financial crisis of 2008/09, Christine Lagarde, chief of the International Monetary Fund, made some comments that enjoyed wide circulation. She said this….
‘I do believe women have different ways of taking risks, of addressing issues…. of ruminating a bit more before they jump to conclusions. And I think that as a result, particularly on the trading floor, in the financial markets in general, the approach would be different….’
The comments did not represent an outright condemnation of the entire male species nor any individual member of it….
But the insinuation was clear: had more women been at work in senior positions on Wall Street and in other financial centers around the world, the crisis probably wouldn’t have happened….
Once the crisis had been digested, many top-level bankers attended the World economic Forum in Davos, Switzerland….
They had an interesting debate around a hypothetical question: had Lehman Brothers (one bank that crashed and burned during the crisis) been Lehman Sisters, would it still have failed as it did?
The consensus opinion among the bankers was that Lehman Sisters would not have made quite so much money as Lehman Brothers did during the boom times, but that Lehman Sisters would still be in business today….… Click here to read more