Asking the Right Questions
Gold, scarcity and supernovas
“There is something a bit odd about the value we attach to gold. Throughout history people have gone to extraordinary lengths to get their hands on this most precious substance which is strange because it is isn’t particularly useful for anything…but it has got…
Shut gates in high yield bonds & the slide in oil
High yield bond funds: shut gates…. While the turmoil in the commodity markets has been on everyone’s radar for the last year, the deterioration in the high yield bond market has been rumbling beneath the surface. However, on Friday it began to bubble over…
Weekly Market Recap: 2nd March 2015
Stellar month for equities…. Most of the major equity indices moved higher last week despite mixed economic data and speculation that the US Federal Reserve could move on rate hikes this summer. Last week capped a stellar month for equity markets, with gains of…
The Year Ahead: Key Considerations
As I consider the outlook for the year ahead I am certain that once again the predominant theme is central bank policy. The investment world is a dynamic place and each week in my weekly musings I try to touch on the most relevant developments. Therefore, I have…
Oil prices at a five year low, Russia in focus…..
In the commodity markets, the price of oil continues to move lower putting further pressure on the energy reliant economies hurt by a vicious cycle of declining oil revenues, currency devaluation and higher interest rates. Some form of government debt default by Venezuela is…
Equities and bonds higher but the real story is in the commodity markets
Global equity markets edged higher last week, with the major equity indices in the US holding at record high levels. The S&P 500 index, which accounts for approximately 80% of US equity market capitalisation, is up 9.5% since October 15th while over the same…
Why own gold? The bubble maker tells us why…
With the price of gold in decline, despite massive central bank money printing, it begs the question why should anyone own gold? Well according to the bubble maker himself, former US Fed Chairman Dr. Alan Greenspan, it is because “for more than two millennia,…
