Just like 2018, politics and trade have weighed on stocks across the world. But, it wasn’t enough to stop the ASX from roaring higher this year. A result that has been at fascinating odds with some of the gloomy talk. Which brings us to perhaps the most bizarre turn of events this year: a boom in gold...
We spent the interview going through what makes a strong gold miner, and who’s doing it the best at the moment (here’s a hint: Rick is impressed with how the majority of Aussie mining companies are managing things).
The Dow gained a whopping 24.8% over the course of 2017. Now, three weeks into the new year, the Dow has already cracked two new 1,000-point milestones. Economic data coming out of the US suggests the economy is robust. With that in mind, what can we expect from US markets this year?
What we are seeing today is a pullback in the price of cryptocurrencies. Largely coming on the back of what the South Korean government may or may not do. South Korea is the third largest country for crypto trading. One estimate suggests Korea accounts for a quarter of all global crypto transactions. Let’s put the importance of the Korean market in perspective.
Just because rates have been at records lows doesn’t mean they can’t go any lower. For one, there’s the Aussie property market to think about. However, by looking at what the big banks are doing, we can glean what the RBA is likely to do in the future.
Over the past three years, we’ve seen brand after brand crumble — without even mentioning retailers in receivership. 2018 may be the year that Aussie retail finally falls flat on its face. But there’s enough evidence to suggest that it tripped over a long time ago.
The Aussie dollar is getting a boost from stronger commodity prices. Recent price rises have helped push the dollar higher. The Aussie dollar has had a strong start to the year. However, it may be more cyclical than anything to do with the underlying strength in the Aussie dollar.
There’s an old saying in the markets: The fastest way to make a million dollars is to start with two million. Once again, another fund manager has added credibility to this maxim.
The energy industry is one of the first to commercially adapt blockchain technology on a global scale. First it was the banks chasing this tech. Now the oil and gas sector wants in.
This two-tiered financial system does nothing more than prevent normal people from growing their wealth. It’s skewed towards protecting the big earners, while ensuring the taxpaying masses continue to plod along and pay their ‘fair share’.