After a quiet day of trading on Friday in a narrow range, gold has started the new week with a negative bias in the face of strength in equities and the dollar. Gold hit a high of 1392 and a low of Friday, the entire day’s trading within the previous day’s range (an “inside day”).  Gold remains within a triangle consolidation, with the most likely scenario an eventual break to the downside, as triangles are most often continuation patterns, with the preceding trend (in this case down) continuing. Oil has found some strength and is pressing against key resistance around $98 a barrel – a break of this area will be very bullish and suggest a rally in the short term to $106.  This would be potentially bullish for gold, though recently the correlation between oil and gold has been weak – gold has been influenced mainly by movements in equities and to some extent the dollar in recent weeks. Continue reading

According to Ian Hatsius of Goldman Sachs, low inflation will force the Fed to reverse its decision to withdraw the monetary stimulus. Many investors lowered their expectations of future levels of inflation in the U.S.. This should attract the attention of the Federal Reserve when considering the course of the program to buy bonds at the annual meeting next week Continue reading

The Overall market finally A volatile trading week has come to an end, with all the major market indices in the red overall and the NSE ASI on Friday seeing its Third straight day of massive drops of 2,313 points closing the Index at 37,251. This week My focus is on the Banking sector. We have seen major drops (GTB, ZENITHANK) and some Minor correction. Continue reading

Over the centuries the stock market has made fools of the most respected of investors and millionaires out of unknowns.   Just as one thinks that they have the stock market figured out it moves in directions never expected or completely disregards a cycle that by all standards should be repeated. Well the stock market has come through again this year by dumbfounding the brightest.  The “Sell in May and Go Away” was teeing up perfectly as the stock market extended its performance in the months following the torrid rally in January (DJIA up 4% in the first four trading days of the year).  The rally that began in November 2012 continued into April and was cited as “extended” making it an almost fore gone conclusion the market will correct.  Adding to this conviction was the triumvirate indicators of: Precious metals decline: gold, silver, and copper selling off (Gold plunged $144 an ounce on April 15 with its biggest two-day decline since 1983).  Precious metals and especially silver price declines are typical indicators of a slowing economy.  The CBOE Market Volatility Index (VIX) spikes 43% in one day (April 15).  A spiking VIX typically indicates investors are stampeding for the exit door Continue reading

The Big Day April 4th, 2013 Nahco 25 kobo div. Closure Date 17-21 June 2013.. Continue reading

Find attached the full 1-Q-2013 & 1-H-2013 research report for your consideration…. Afrinvest Research Q1 2013 Review & H1 2013 Outlook Report Like this: Like Loading… Continue reading

Recommendation: BUY Target (fair) price: N100.60 Below is attached the full WAPCO Research Note…. LafargWAPCONigeriaPlc Like this: Like Loading… Continue reading

History shows that the U.S. should pay attention to economies in Europe. The economy has been sluggish for five years Continue reading