The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Published 14 August 2021, 14:03
What a week: last weekend Gold had dropped sharply to $1763 and dropped further overnight Sunday/Monday, posting a flash-crash low of $1680 before recovering to around $1730. It all looked so gloomy: gold stocks were struggling, Gold had broken support at around $1775 and the only way appeared to be down. But we finished the week at $1780. Should I be getting out my party hat?
Published 20 March 2021, 14:34
Gold is up again this week. Two in a row! I wouldn’t like to say the correction which started last August is over, or even that the bottom is at last in, but I am optimistic on both scores. So what happened this week? The Fed, of course!
Published 27 December 2021, 13:24
Gold finished for Christmas at just about $1810, up $11 on the week as Gold enjoyed a very minor Santa rally. The view from the Montana log-cabin is that this recovery of $1800 is fragile in the short term, but I expect a much stronger 2022 as the grinding correction fizzles out and the US heads into mid-term elections at the end of the year.
Published 25 September 2021, 11:25
Hello, Share Thrashers. There’s some worry about the rising rate of inflation. But how does that thorny issue affect our shares? Many folks, including some expert in the field, reckon inflation is a bad thing for the stock market. And certainly, when the government publishes a high inflation notice, the Footsie nearly always falls, often quite heavily. While hefty inflation is probably keeping shares back even though there are some signals, like the weakening of covid, which should be sending stocks higher.
Published 16 July 2022, 13:11
Gold finished the week at $1709, down (again) on last week’s $1743. This all seems a bit odd, as inflation figures from the US showed it was still on the rise and Gold is supposed to be the great inflation hedge. If only it were that simple.
Published 14 October 2016, 03:11
I think gold is going up whoever wins on November 8. The US is now $19.7 trillion in debt having been $10 trillion in debt when President hopey change took power in 2008. The debt rose by $170 billion in the past eight days! Whoever wins it will kee on spiralling and so I am happy to remain a gold bull. But who would be better for gold: Donald Trump or Crooked Hillary Clinton. Over to Palisade Capital with the chart that tells you:
Published 2 October 2021, 12:30
The Gold price rose a little this week to $1761 from $1751 a week ago despite at least short term fundamentals being against it. Interest rate expectations are for rising rates, bond yields have been rising and equity markets haven’t cracked: the immediate outlook isn’t all that great for Gold, but it’s hanging in there.
Published 25 June 2018, 05:39
Every time the US mainstream media talks about some new “wonderful new economic numbers” one needs to be very careful. Whilst it is true that the economic numbers have gotten slightly better since Donald Trump entered the White House, the rosy economic picture that the mainstream media is constantly painting is not completely true. If older methods were used for many of the reported headline numbers then all of the major US economic numbers would be absolutely terrible.
Published 16 November 2021, 15:44
We currently find ourselves at a very interesting fork in the road because the overstimulation of economies by Central Banks since March 2020 is now starting to feed through into higher reported inflation and, more importantly, inflationary expectations. I see no return to a low inflationary world any time soon.
Published 30 October 2021, 12:06
Gold closed the week – and month – at $1785, down from last week’s $1792 having again had a go at breaking through $1800. It does keep knocking at that door but so far there isn’t the buying strength to go through. I fancy that the market isn’t keen to put its money on the table ahead of next week’s central bank meetings in the UK (less so) and more importantly at the Federal Reserve. Whilst there is plenty of speculation that the UK will raise interest rates, over at the Fed the question is merely about tapering the vast quantities of new cash being printed and for Jerome Powell and his colleagues it is a tough call.
Published 20 August 2018, 12:00
The current US bull market started its life on March 9, 2009, one of the darkest moments of the financial crisis, when the S&P 500 touched 666. Since then it climbed to a high of 2,872, in January of this year, and still holds above 2,850, for a gain of more than 320 percent. On August 22, the current US bull market turns 3,453 days old— putting it one day more than the longest bull market, which ran from October 1990 and ended with the bursting of the tech bubble in March 2000.
Published 15 February 2017, 01:16
Hello Share Toppers. Allow me to take a tiny break from recommending stocks which could soar to another figure which is on the increase. And that’s inflation, which has risen for the fourth month in a row. How will this trend affect our shares?
Published 19 November 2016, 10:10
Libertarian gold bug Peter Schiff is a hero of mine and in his latest note he makes a very vaild point about Donald Trump - he could well bankrupt America. Over to Schiff:
Published 3 March 2022, 14:55
With inflation and possibly stagflation now back with us for the first time in forty years what differently are you doing with your investments/pensions? Nothing is not the rifght answer.
Published 12 December 2021, 09:09
This week Gold again went nowhere, closing at $1783 against last week’s….er…..$1783. But beneath the apparent market inactivity I sense there is a change of sentiment going on. The issue for me is that in theory, with interest rate rises on the horizon (making bonds more attractive) and suggestions that inflation may be moderating, Gold should be falling in price yet it is holding up quite nicely.
Published 3 January 2017, 08:55
Whether you are dirt poor in Africa or pampered by the European welfare state, it does not matter. What matters for the positive development of the human spirit is an expectation that next year will be better than the current one. If that belief is taken from you, then you will most certainly force real change on the system as you feel there is little to lose. The fed-induced bubble has been fun for debt-thirsty Americans (and most developed economies) willing to take on any amount of debt as so long as they can afford the monthly payments but the inevitable unwinding is going to be equally painful.
Published 20 June 2016, 05:18
In the longer term only enterprise of business and labour in the free market can produce growth and prosperity and that is much longer than an electoral cycle. Investors play a very dangerous game when they confuse speculation with valuation. Both are important drivers of returns, but only valuation is durable. This divergence between price and reality will be resolved at some point and this is likely not to be to the satisfaction of those with a bullish and speculative bias.
Published 19 June 2021, 10:57
Crash! Having had a fair old go at clearing $1900 Gold went into reverse this week to close at $1764 – down a whopping $114 from last week. Apparently Jerome Powell, head of the US Federal Reserve, has suddenly become a hawk……having told us he would ignore inflation data for the rest of this year, that unemployment is his biggest concern and that he wasn’t even thinking about thinking about tapering QE (which, we are told, would come before raising rates), now we are told to expect maybe two rate hikes in 2023. And that was enough to send precious metals into a tail-spin.
Published 29 August 2021, 16:27
The thief in the night is on a roll
Published 7 November 2016, 04:09
Governments have a tiger by the tail, and as debt continues to soar around the world that tiger will grow more and more frenzied, whatever the US election outcome. Eventually it will turn around and eat those who presumed they had it under control. a debt-driven crisis of epic proportions becomes more likely with every passing day And when the bust comes, panicked capital will behave the way it did in 2009, pouring into assets like gold that can’t be created in infinite quantities by out-of-control governments and eager to please central bankers.
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