Latest Entries:
This week I reduced my holding in Echo Energy (ECHO) by 100%.
Read More...This week I increased my holding in Empyrean Energy (EME) by 123%. From next week, I will stop reporting changes in EME holdings until there is visibility on future operations but I will still be a long term holder.
Read More...This week I reduced my holding in Asiamet Resources (ARS) by 18% and I reduced my holding in Empyrean Energy (EME) by 32%.
Read More...There were no changes to my holdings in Asiamet Resources (ARS), Empyrean Energy (EME), and Horizonte Minerals (HZM).
Read More...There were no changes to my holdings in Asiamet Resources (ARS), Empyrean Energy (EME), and Horizonte Minerals (HZM).
Read More...If you read about my secret in the previous blog post then this week you may have noticed a few big risers, including Bahamas Petroleum (BPC) and Pipehawk (PIP).
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Latest Entries:
Trade talks with China have been dominant for US markets this week, and a series of concessions from its major counterpart have served to give an element of relief, or more to the point support to US stocks, which continue to remain under heavy pressure amid expectations of rate hikes from the Fed. China has put in orders for sizeable purchases of soybeans - estimated to some 1.5-2mln tonnes - while orders for corn have also been reported to be in the pipeline. China also confirmed on Friday that they will indeed reduce tariffs on US-made car imports from 40% to 15% at the start of next year, though naturally, these moves are time limited as talks between the two nations are set to continue.
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The trade tensions between the US and China have been hanging over global stocks like a dark cloud for some time now, though since the G20 meeting a week or so ago, we have seen some levitation as China has taken conciliatory measures to help appease some of the concerns of the US administration.
Read More...The FTSE100 trades higher this morning after reports of a leadership challenge.
Read More...Dominating the UK headlines, the Brexit saga is hard to detach oneself from and in yet another turn, Theresa May decided to pull the plug on the meaningful vote which was scheduled for Tuesday evening at 7.00pm. After the all the hype and expectation over what was widely anticipated to be a rejection of the deal, the process was perceived to be getting closer to the 'endgame' - however unpalatable some of the remain options proved to be.
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Well it was at least a deal and one that markets liked, just about. Closing prices were well off the top showing that even 1.2m b/d off the market is no guaranty of returning to recent price levels. It looks like the Saudis will take most of the pain but at least Russia is inside the tent and not outside, so to speak.
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If you didn’t believe the hype, you had better start believing it now. The largest financial bomb since the 2008 crash which has been dangerously positioned beneath the global stock markets since the start of the year, has, as of last week, been officially detonated. I knew it was coming sooner or later but it turns out that it was sooner than even I had imagined.
Read More...It was a busy start to the week, coming off the back of a G20 meeting where the US and China agreed to call a truce on the exchanges in tariffs. The current $200bln or so of Chinese goods will continue to be levied at 10%, and the hike to 25% will be shelved for 3 months in which time both parties hope to strike a deal on trade and resolve issues on Chinese trade practices which have drawn the ire of the US and president Trump. The stock markets duly rallied and Monday's session saw a bumper recovery, though this proved to be short-lived.
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