Investing in Gold as a hedge against inflation (part 2)
Following on from last week’s topic of the fallacy of gold being a great inflationary hedge, this week I would like to take a look at the price of gold compared to the price of stocks. As we discussed last week, there are many in the investing community who believe that an investment in gold […]
Investing in Gold as a hedge against inflation (part 1)
This week I would like to explore the notion held by many investors, and economic theorists, that investing in gold is the ultimate store of value and a hedge against inflation, and that it is a ‘safe’ investment that will outperform shares over the long term. The argument put forward by the ‘gold bugs’ is […]
Worley Parsons back from exhaustion?
Worley Parsons (WOR) is a $4.5 billion market capitalised constituent of the ASX50 Index whose share price has been in a down trend for over three years. There are a number of technical patterns and events that have occurred over the last seven to eight months that are signalling a high probability set up for […]
A traders mental toolbox
When discussing the psychological skill set needed to be successful over the long term in trading and investing, comparisons are often made with various sports. This discussion usually centers around individual activities such as golf, triathlons, and other endurance activities that involve a combination of both physical and mental prowess. One team sport that has […]
NYSE Composite Index breaks out
An index that I have been keeping a close eye on for over a year now is the NYSE Composite Index. This index is one of the major indices in the United States but seldom gets quoted on the airwaves. It should. And once one understands why, maybe others will take a bit more notice […]
A$ continues to show strength
Since 28th May the Australian dollar (AUD) has continued to strengthen, rising from 92 cents to 94 cents. These two price zones represent important support and resistance areas and provide an insight into where the AUD might be headed in the short to medium term. There are many variables that drive the AUD and trying […]
The SIROC Indicator
This article has been prepared in response to a comment made by Shawn 30.04.2014 “Hi Gary May I ask what the SIROC momentum indicator actually is?” A vital aspect of being able to trade the markets successfully is a trader’s ability to recognise trade set-ups and market moves. Just like a ship captain who bases […]
S&P500 reaches another all-time high
With plenty of ‘guessing’ happening amongst the financial world’s commentariats on where the US equities markets may be headed, we will join the banter with a yet another view. I use the word ‘guessing’ to laager those that predict market directions. As such I preface this article by stating that the analysis below is not […]
WOW, Woolies may be on its way
An event occurred in the Woolworths (ASX:WOW) share price two weeks ago that has been setting up for nearly 6.5 years, a break out to an all-time new high close. Woolworths is a household name in Australia and is the 8th largest listed company on the ASX with a market capitalisation of $46.7 billion. Breakout […]
Practice makes perfect
Practice makes perfect – so be careful what you practice. Practice is defined as “the act of rehearsing a behavior over and over, or engaging in an activity again and again, for the purpose of improving or mastering it”. This gives rise to the much quoted phrase “practice makes perfect”. Anyone who desires to master […]