Global News

Gold crashes because… There is always a reason in the media when big things happen. The market is up a lot one day because QE is failing so there is more to come. The next day the market is up because QE is succeeding so the economy is better. I remember a company I ran […]

“There’s fool’s gold—pyrite—and then there’s fool’s gold—gold owned by idiots willing to trade it for worthless dollars.” ~ Jarod Kintz Some blame Cyprus.  Others blame China.  Yet others blame the U.S.  Regardless of whom you choose to blame, the price of gold has declined in the last two days of trading from $1,561 per ounce […]

Mediterranean Oil & Gas (LSE:MOG) and Noble Energy (NYSE:NE) have been making waves waves in the Mediterranean lately.  It appears that the front-end investment period in some of their Mediterranean projects is over and the fun part is about to begin. MOG is probably the smaller of the two stories.  Nonetheless, it is poised to […]

UK mining share prices rallied today with a a long list of gainers on the F3MNG Index.  The entire sector was up by just under 3.0% at mid-afternoon, it’s biggest gain in a month. Kenmare Resources (LSE:KMR) was up 5.46% to 29.85.  Hochschild Mining (LSE:HOC) was up 4.82% to 280.50.  Petropavlosk (LSE:POG) gained 4.91% to […]

It’s that time again and despite being a shortened week post-Easter it has been a busy one. Disappointing Manufacturing updates from Japan, China and the US while we were scoffing chocolate were offset on our return by slightly better figures from Europe which saw the week start on the front foot and the UK flagship […]

The country is just over a day past the Bank of Japan’s astonishing and aggressive steps of monetary easing, and, so far, the financial reactions are exactly what the bank had predicted. The Nikkei closed up 1.6% at 12,833.64, but not before exceeding 13,000 in intra-day trading, reaching its highest level in nearly five years […]

Japan has kicked off the new global economic  era, for real. Equity markets will rocket, especially in the developed world – but first the May correction??? Subscribe to Clem’s Premium Newsletter: Value Investing – How To Get Rich Slow to find out how this affects the portfolio.

Faced with a persistent, lagging, deflationary economy, Japanese Prime Minister Shinzo Abe announced in January that he expected the Bank of Japan to become much more aggressive in attacking the problem.  The former Governor of the BOJ, Masaaki Shirakawa’s vision was to bring the economy to a 2% inflation “at the earliest possible time.” I say […]

Amidst a new financial crisis threatening the stability of the Eurozone, central banks trying to keep their currencies in check to boost their local economies, and governments tightening their grips to protect the integrity of the financial markets, one financial instrument in circulation around the world is on the rise and poised to become the […]

After a week of uncertainty, Cyprus has finally reached a deal acceptable to both its parliament and its international creditors. The deal, formally announced earlier today, will spare deposits below 100,000 euros from any levy, in accordance with EU principles, but deposits above the said amount, however, will bear the burden of raising the 5.8 […]