Intermarket relationships between metals can not only give cues about the economic cycle but also lead the start of a global equity bear market. The last time we discussed Gold in Dec 07, it was at dollar 800. Starting 2008 it completed it’s leg up to 1000 and is now ruling at 930. While Gold […]
The picture on the left is a typical correction that has happened across assets, across time frames. But not many market participants can say what the price would do now, go up or down. Correction is an overused and misunderstood term. And few understand the many wealth creation nuances built into it. A correction is […]
It may still be vivid in many investors’ minds the game of the century, ‘Caritas’, the Ponzi* scheme of the early 1990s in Romania. It was owned by Ioan Stoica and attracted over 400,000 investors who gambled over 1 billion dollars because it promised to repay 8 times the amount invested. Although Caritas lasted for […]
Emerging Market Series, Eastern Europe, Romania So it finally happened. The BNR (Central Bank of Romania) decided to drop the minimum requirement barrier and allow the banks to decide based on their credit system evaluation what the population’s level of debt should be. Additionally, the banks will determine what will be the minimum down payment […]
The markets have consistently proved that profiting from news breaks is not an easy task. Even in 1850 people needed faster stock news. And Reuters used carrier pigeons to do that. The birds were faster than the post train. This was the missing link to connect Berlin and Paris. The stock news from the Paris […]
In the age of consumerism even ‘History’ sells. And the most opportune time to sell economic history is after a small price dip (some call it crash) across markets. And reading about financial crashes does wonders for Yahoo and Google: When was the last time Shanghai crashed? When was the last time Dow crashed more […]