3014 days ago
Ok it may be technical analysis and, therefore, by definition utter cobblers but for those who are interested Jordan Roy Byrne at Palisade Capital remains bullish on all things golden. Let us hope that for once TA gives us a correct signal with his medium term targets.
3139 days ago
Will the rally in gold shares and the gold price continue? Yes. Well that is the view of technical analyst Jordan Roy Byrne of Amanda's pals at Palisade Capital. His most recent video explains why and is below. Natch all TA is bollocks but on this occasion I think he is right.
4326 days ago
think equities will go up, but I am bearish. If that sounds like the sort of TA nonsense that my pal Zak Mir spouts I apologise. Let me explain. Equities will go up because the bond bubble is only starting to burst. We will likely continue to see steady outflows from bonds into equities at an institutional level and that will push shares commensurately higher given the sheer mass of capital that is parked in bonds at present. To be more precise, it will push blue chips and mid caps higher as those are the sort of liquid stocks institutions will buy. I am not sure that it will do much for the riff-raff tail on AIM however!
Out of the frying pan into the fire. Are equities good value. The FTSE 100 I propose to ignore as it is heavily weighted towards stocks that are always on low PEs (Banks) and those which are British companies in name only – all their earnings are overseas. Instead I wish to draw your attention to the FTSE 250 Index which, at 12763.64 trades, now on a trailing price earnings ratio of, wait for it, 18.66 times. Towards the top end of its long term levels.
4357 days ago
Zak Mir is an old friend and godfather to my daughter. He is a very funny man. He can be incredibly cool and he can also be Geek of the Year – ask him about his fascination with weather patterns. That is train spotting for the middle classes. The one chink in his armour is his deprived education background. Not a reference in a PC way to the oppression of a you Asian lad growing up in a post industrial Glasgow decimated by the evil Thatcher. Oooooo all those nasty white racists and bloody English. Thatcher! How they suppress my fellow Celts. Nope, Zak lived in a posh bit of Glasgow ( I gather there is one) and went to Harrow which is clearly a dreadful school as I have never met an Old Harrovian who could write more than three words (they all seem to be able to manage f*ck off pleb) without introducing some spelling mistake or grammatical error.. .And so we come to Zak’s latest ebook – an ideal TA Chistmas gift.
4375 days ago
My pal Zak Mir asks me to plug this article. It is all TA (Technical Analysis) gobbledygook to me so I have no idea what it means but it is about Avanti Communications (AVN).
Avanti has served up a roller coaster ride of price action so far in 2012 that apart from being excellent fodder for a whole books worth of technical analysis, has although given traders / investors the most painful of journeys. But at least after an accelerating decline from an initial August bull trap retreat it would appear that the bulls have a “final” opportunity to go long on an non catching a falling knife basis, or even worse, a leap of faith.
This is said on the basis of a falling line of support from August last year on the daily chart currently running through the 211p level.
