All this gloom can mean only one thing….

Thursday, 20th September 2018

All this gloom can mean only one thing….

I wouldn’t imagine Gordon Brown is much fun on a night out. The ex-Prime Minister is a relentlessly gloomy animal. A bit like Eeyore in Winnie The Pooh….

I don’t think he ever recovered from presiding over the worst trade in living memory….

As Chancellor of the Exchequer, Brown sold 60% of Britain’s gold reserves in a series of auctions conducted between July 1999 and March 2002….

He got his timing hideously wrong – selling just inches ahead of a huge bull market in gold and ignoring Bank of England reservations before pushing ahead with the misguided sale….

He sold Britain’s reserves of the precious metal for $3.5 billion. In 2011, the same amount of gold was worth almost $20 billion….

Brown was widely pilloried, and the trade came to be known as ‘Brown’s bottom’….

Brown seems to me to have been sucking on a lemon ever since….

  • Sleep-walking into crisis….

Whenever Brown steps out in public these days, you know the stern-faced son-of-the-manse bears no good tidings….

And he was true to form last week when interviewed by the Guardian newspaper on the tenth anniversary of the global financial crash….… Click here to read more

Are you cut out to make trading pay?

Wednesday, 12th September 2018

Are you cut out to make trading pay?

At root, successful trading is all about adopting profitable angles, executing them and milking the markets for profit….

And traders who are good at the job can make good money – fast. Faster than conventional buy and hold portfolio investors….

But not everybody is good at the job. And there are no winners without corresponding losers. Somebody must lose….

A lot of people get into trading believing it to be a turnkey profit-churning operation that anybody can take advantage of….

But that’s a wrong-headed notion….

  • There would be no burger flippers….

If it were that easy there would be no burger-flippers, no taxi-drivers and no traffic wardens….

Instead, every man-Jack and his dog would be sat at home in front of his computer screen – playing the markets, consistently predicting short-term price fluctuations correctly and banking coin….

The truth is that not everybody has what it takes to make trading pay….

A lot of people are not cut out for it….

They lack the basic foundational skills and characteristics required to make a success of the job….

Are YOU cut out for successful trading? Let’s find out. I reckon you need three key things to make it pay as a trader….… Click here to read more

Saturday night without Sunday morning?

Thursday, 6th September 2018

Saturday night without Sunday morning?

I wonder if everything I think I know is wrong….

Maybe the beanstalk does grow to the sky after all….

Perhaps what goes up doesn’t necessarily have to come back down to Earth as I previously believed….

Could it be that we live in a new world in which the good times really can last forever?

Might it be the case that the excesses of Saturday night need never give way to a Sunday morning hangover?

  • Defying gravity….

I thought stocks had topped-out back in January….

I thought that one of the longest-running bull markets stocks had ever known had peaked early in the New Year….

The subsequent drop-off in prices seemed to signal a change in direction, in sentiment and in momentum….

From there, I thought the long-term trend would be one of falling stock prices – across the board. I thought the bear had finally got the run on the old bull….

But I was wrong. There was still some life in the old bull yet. There was still lead in the pencil….

In the US, the S&P 500 hit another record-breaking high at the end of last month….

The FTSE and other leading European bourses didn’t manage to pull off the same trick, but the US market is the primary barometer….… Click here to read more