Author Archives: prestonni

Here Gold’s 2011 move. Gold is the best indicator in the markets on the problems with fiat toilet paper currencies. The problems are getting far worse not better. Hyper inflation lies ahead of us. Much civil unrest is to come. This is what the gold chart is telling us loudly and very clearly. Rich

Asia generally bounced overnight following the US equity bounce end of session but in many Asian markets the move was very weak. Given the oversold levels the Asian bounce looks to have more to run.  Technically id point to the analysis here: http://www.stocktiming.com/Shanghai_Daily_Stock_Market_Updates/shanghai-index-update-monday.htm These sorts of analysis are, as always, probabilities. Government and central bank …

Continue reading “Markets – Technical & Macro Comments & Actions.. (part I)”

The following is the full text of the statement following the Fed’s August meeting: “Information received since the Federal Open Market Committee met in June indicates that economic growth so far this year has been considerably slower than the Committee had expected. Indicators suggest a deterioration in overall labor market conditions in recent months, and …

Continue reading “Fed “Exceptionally low levels for the federal funds rate at least through mid-2013””

http://www.bbc.co.uk/news/uk-14458424 The UK has one of the highest inflation rates in the g10, one of the lowest first time buyer participation rates, one of highest public deficits yoy and one of the greatest wealth divides between ‘rich’ and ‘poor’.  One in eight is on benefits in the UK with the highest rate of single parents …

Continue reading ““We are just showing the rich people we can do what we want” BBC interviews UK Rioters”

A very good technical view from Barcap across many instruments and asset classes released today. Inevitably such a view precludes any references to monetary matters, etc. This week an important one to this view on many instruments. A disasterous start of course. Barcap-Technical-Trends–8-8-11 Rich  

In an almost direct response to UBS Morgan’s beats the bull drum.. “History tells us that after corrections run their course and volatility peaks, forward equity returns are usually positive”. I’m not so sure about that call.. In truth what we need is more money printing, plain and simple. Thats the only thing that will …

Continue reading “Morgan Stanley – “Not Start of Cyclical Bear Market” (Rebuff to UBS)”

“Why water will eventually become the single most important physical commodity asset class”. Citi. My only problem with water is that, thus far, its been very difficult to make a return from investing capital into water businesses.. I know some posters on the board have worked in the water business before so perhaps we can …

Continue reading “CitiGroup – Water “The Single Most Important Asset Class””

Confusion continues to reign in the developed markets with inevitable over spill into the EM markets. Do we buy or sell the USD? Is the USD still a useful correlation for asset prices or not given its mainly composed of the relationship between the USD and the Euro? Both have negative interest rates. Both are …

Continue reading “Markets.. and macro thoughts/comments..”

 UBS does a victory lap here below. They correctly called the levels, timing and end of the cyclical bull market. Well done to UBS.  Looking ahead they don’t get any more bullish near term. They are calling for a big rally early Oct but don’t forecast a return to the secular bull until H2 2012 …

Continue reading “UBS ‘Nails It’ – Congrats to UBS..”

A friend kindly sent me the latest Goldman’s Asian roundup of particular Asian focused stocks. A timely round picking out the unloved conglomerates.  I’ve been mentioning Swire for the last couple of weeks as showing particular value. Goldman’s own analysis showing a 80% discount to net asset value. They don’t mention the stella earnings and …

Continue reading “Goldmans Asian Conglomerates – Buy Swire”