Market up. Market down. Market sideways. You should think about why the Australian stock market is falling and try to find the opportunities to buy.
Today, I spent the afternoon at a resources conference that was taking place nearby. It involved mining companies from the Mines & Money conference.
If I’m China, some gold is better than no gold. I’d rather have 100 percent gold-backed currency, but if I can’t get currency backed at 100 percent I’ll take 50 percent, I’ll take 20 percent. I’ll take whatever’s better than zero, which is where China’s current holdings of US Treasuries stand.
So did you heed my warning from last week? We’re only half way through the week and the stock market has fallen 3.5% from Friday’s close.
By 2015 the US, Europe, China will have the three dominant paper currencies in the SDR, and, everybody’s going be looking at everybody else’s gold holdings.
After the reports of morose atmospheres at the other big global mining conferences held this time of year — I'm happy to say the mood has been bullish.
It’s not just Cyprus. Australians are entering into the next stage of the financial crisis. The stage where the Australian government turns on its citizens.
Cancelling your mortgage is the best way you can go about protecting yourself from any financial debacle in Australia. And soon, anyone in Australia will be able to find out if they can get their mortgage cancelled too.
Raiding the private deposits of Cyprus’ banks is foolish. The EU has now put the entire Eurozone on edge — not to mention the entire global economy
In 2012 Turkey was the best performer among the emerging markets we track, showing a decade of returns. Stocks in Turkey climbed an astounding 56 percent.