118 days ago
The insider dealer here, Mohammed Zina, was young but abused his position at Goldman Sachs to engage in multiple cases of insider dealing with money he obtained fraudulently with home loans from Tesco. Zina was a rank amateur crook as you can see below. However..
831 days ago
I start with AMTD Digital, run by a man banned from operating in Hong Kong, whose US listed shares have zoomed ahead by 14,000% since its IPO a few weeks ago. It is now valued at more than Goldman Sachs. This is insanity writ large but it is risky betting against insanity. Then it is onto the stench of the Betahny Garner affair, Cellular Goods (CBX), Kanabo (KNB) and Oxford Cannabinoid (OCTP) where i discuss other clear signs that a bailout placing is being lined up. Then it is onto Online Blockchain (OBC) and the threat ADVFN (AFN) should be making against it. Finally I discuss La Willingham’s Nightcap (NGHT), its trading statement and the cash crisis looming this Autumn.
1423 days ago
We burned a home-made EU flag on a bonfire here at the Welsh Hovel on January 31 to celebrate the first stage of Brexit. Tonight at 11 PM we fully and finally leave the Evil Empire and after 45 years of family pain it would be wrong not to celebrate again.
1441 days ago
On its website Supply@ME Capital (SYME) makes a lot of bold claims concerning its business proposition for its potential corporate customers such as:
2398 days ago
As we know big Corporations love the EU. Goldman Sachs led the cheerleaders for Project Fear and the ball breakingly liberal virtue signalling elitists at LinkedIn have jumped in on the act with some selective use of their own data.
2652 days ago
Ali Zamani argues that gold has been in a bull market since the end of last year. The start of bull markets often go unnoticed; it’s a grind. However, we are making higher highs and higher lows. He looks at the most successful macro investors and many have come out recently with breakout calls. The ground is fertile, the charts look good, and the base is in, gold will rise quicker than most people think. Indeed he explains why gold will hit new record highs sooner than most folks think.
2799 days ago
In this week's podcast from Palisade, Ali discusses how people compare the current financial situation to those of the past, however the big picture is usually different, as the underlying economic circumstances have changed. The US has real competitors unlike the 1950’s and the demographics are radically shifting. The US deficit will continue to grow in part due to baby boomer retirements, their pensions and health care.
2960 days ago
On the BBC today, liberal media establishment poseur Andrew Marr stated that Donald Trump is what everyone is talking about. By that he meant Trump and "pussygate" and by everyone he meant the mainstream press. But is that what most folks are talking about and is that what the mainstream press should be talking about.
2996 days ago
In today's statement from JD Wetherspoon (JDW) its boss Tim Martin lets rip on those doomsayers from Project Fear who lied to us ahead of the referendum on Independence Day, June 23rd. that fat self righteous windbag Nicola Horlick - who stuffed her clients into Bernie Madoff funds - the banksters at Goldman Sachs, the smug FTSE 100 bosses, lyin' George Osborne and Dodgy Dave Cameron himself all get it in the neck from the visionary Martin. This statement is poetry. I loathe Martin's plastic pubs but I shall hold my nose and go to one in appreciation of what follows. Over to our hero of the day, Mr Tim Martin:
3012 days ago
Nearly every conservative on this planet is rooting for Donald Trump against Crooked Hillary this autumn. Those of us who loathe the self proclaimed elite, the establishment of big business, the liberal media, the career politicians, Goldman Sachs and Monsanto, the crony capitalists, the bailout junkies are even more likely to back Trump...after all just look where Clinton's funding comes from. And thus as a conservative who rails against the establishment it is no shock that Nigel Farage of UKIP is backing The Donald and turned up at a rally last night. One "conservative insurgent" supports another: and you are surprised? What was even more predictable were the social media whinings of the liberal whingers.
3013 days ago
You would have thought that leaders of the failing Evil Empire would have reacted to Brexit and the surge in support for anti EU parties across the continent by at least pretending to listen to the people of Europe. Surely a few cliches about "we must listen" would have been standard spin. But the EU really does not care.
3066 days ago
As the earnest young people, mostly loathsome students, gather in London today they claim that they march for Europe. it sounds good to be an internationalist showing solidarity with a whole continent. MarchfortheEU does not sound quite so good. The EU is after all, as even its supporters in the remain campaign admitted, inefficient, corrupt and far from perfect. Moreover it is loathed across the continent.
Switzerland has just withdrawn its application to join. In France, Austria, Greece, Italy, Holland, Sweden and Denmark there are growing calls for their own referendum and signs that in many of those countries folks will vote to leave. For what these young people fail to see is that across Europe there is a widespread feeling that the EU serves an business, bankster, media and political establishment very well but for the ordinary Joe, for the 99% it sucks.
Here in Greece, youth unemployment is 60%. It would be far higher
3083 days ago
Apparently this website which is four years old this week, TomWinnifrith.com is plastered with adverts for the Remain Camp in the Brexit debate. It seems that on this website you cannot avoid the tax exile Sir Richard Branson and his ghastly lies. A reader asks if I have changed sides? Oh no, major Tom, don't say its true...
Euroscepticism is in my DNA. Chris Booker is my maternal uncle, my paternal grandfather Sir John Winnifrith was a "leave" spokesman in 1975 but as I explain HERE I have already voted for Brexit with my head as well as my heart.
3090 days ago
The political, media, big business and banking establishment are united in their determination to deliver a vote to stay in Europe. David Cameron, Jeremy Corbyn, Goldman Sachs, the CBI and the BBC are working together but amid growing evidence that we, the people, are rising up to vote for Brexit new cheating was announced today. The establishment will break all the rules to ensure their view prevails whatever the "little people" actually vote for..
3354 days ago
In today's podcast I celebate Fiji - come on guys, the Celtic World expects. Then onto how Goldman Sachs got the FOMC to carry on blowing bubbles and the to the farce carry on up the Sefton (SER) - Raylene Whitford has quit. Then to New World Oil & Gas (NEW), Ferrexpro (FXPO), Arian Silver (AGQ), Monitise (MONI), Metals Exploration (MTL) and LGO Energy (LGO - The Sheriff of AIM vindicated once again
3430 days ago
Happy Independence day to our American listeners. My prayers are that tomorrow Greece votes for freedom and votes Oxi! But will it? And what does that mean for the Euro and shares. I note Goldman Sachs claims that a Nai vote will see global equities rise by 10%. Hmmm, I think it misses the bear in the China shop. A few thoughts brought to you from Athens in today's podcast.
This podcast is recorded in the most excellent Anthropology cafe in Athens which I heartily recommend - although it really needs to start stocking ouzo
And fear not Champagne Charlie Gibson fans, I had not forgotten about you. Just a reminder of why the Edison analyst is a convicted felon HERE and as a bonus a reminder of how it is not only the poor he screws HERE - and a reminder of why I feel the urge to remind you all HERE
3841 days ago
Some folks get terribly excited about broker research reports. Henry at JP Morgan upgrades his stance from overweight to buy, Goldman’s removes a stock from its Conviction List but still rates it as buy. You know it all means sweet FA. Sorry to market reporters who fill column inches with this stuff but it is meaningless.
Brokers earn sod all from secondary trades that is to say from funds buying or selling shares on the back of research. Hence the real purpose of paying vast sums to analysts is to churn out documents to keep corporate clients (PLCs) happy and to lure in others. As such you rarely get sell notes.
Consider this: global stockmarkets are at near record highs. Does that, on balance, make you think that the vast majority of stocks are buys with only a few sells or perhaps it is the other way round? I would suggest that with markets at record highs this is not a “fill yer boots” moment.
And so
4292 days ago
I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a piece on the gold price – ‘natch I agree with the great metals guru. Sam writes…
Those who have called the top in gold at $800, $1,200 and $1,500 are again predicting the start of another gold market following the recent sell off down to $1565 oz. They are joined by newer names such as Goldman Sachs which has cut its long term price target to $1,200 oz and Citigroup which says that the bull market is officially over. The chartists have also joined in with talk of a “death cross”. They are in my view wrong, the long term uptrend will continue and gold bugs need to simply hold their nerves.
As a rare digression into technical analysis, I just point that there is no Death’s Cross – when the 50 day MA falls below the 200 day MA. That can happen only if the 200 day MA is declining, it happens to be rising.
