I have always been amazed when ships bang into things even today. It surprises me that whilst only travelling at jogging pace with unlimited visibility and the benefit of radar that they still seem to manage to hit things be it another boat. Which must be harder because it is also moving. Or simply trying to drive the…
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A slightly different Charts of Interest this week as I felt that the recent events in markets deserved a little bit of commentary. All to often sudden moves in the market catch traders both tactically unaware and emotionally unprepared. There has been a single dominant theme in US markets since the first quarter of this year…
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Why is everyone surprised? When even Cargill Inc., the world’s largest grain trader, decides to liquidate its own hedge fund, that’s a sign that commodity speculators are in trouble. Hedge funds focused on raw materials lost money on average in the first half, the Newedge Commodity Trading Index shows. Diminishing investor demand spurred Cargill’s Black…
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I have noted that over the past few months the ad’s extolling people to buy gold have disappeared from the radio and the best comment I have heard about gold lately is that its a pet rock. What does intrigue me though is that gold bugs seem to be the only people in the world…
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This was attributed to Frederick R Barnard in Pinters Ink (1921). So here are 1300 give or take words on gold and one picture.
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A question was raised in the comments section about the level of gold reserves held by Greece – a bit of google-fu shows something very interesting. The Greeks are better off than we are and we produce most of the damned stuff. Source – Wikipedia
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With the majority of world markets running hot I thought it would be interesting to compare last years returns for a handful of markets with their returns YTD. In the chart below I have looked at the value of $1 invested in each market for the 2014 calendar year and for the calendar YTD. This…
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