DAILY BULLETIN
Friday 18 November 2016 | | | Given that 2016 was the year of the great mining sector revival, the worst case scenario would be that the latest fall in precious metals brings that revival to an end.
Ahead of the US Presidential Election it appeared that we had a good indicator of the result – better than the pollsters in fact! Below $1,300 gold suggested Clinton would win, and above it suggested Mr Trump could make it to the White House.
In the end we had a mix of the two. First, gold shot up towards $1,340 as it was revealed that Donald Trump had won Florida. But then as he began his acceptance speech without threatening to nuke the world, gold began to sell off. And it is still doing so. His policies are regarded as being good for the US Dollar, and hence bad for gold.
The daily chart shows the pain the bulls have been in, with the spike and retreat a quite dramatic one over the past 10 days. The problem evident now is that this decline has barely been arrested by the main 2016 support area down to $1,200, and it would appear that unless something special happens, this will give way too.
| | | LATEST STORIES FROM OUR BLOG | | | by John Rosier | Equities |  3 mins. to read
I normally focus on mid and small cap companies, but on this occasion I have identified a FTSE 100 stock which I think looks attractive at current levels. Occasionally the market throws up real bargains, and when you look back you wonder how the share price ever dropped to that level.
| by Evil Knievil | Evil Diaries | 1 mins. to read
My best ever investment has been Golden Prospect perhaps twenty years ago where I was urged on by my pal, Richard Lockwood, a director and co-founder of the company. Family Cawkwell made £3.5m. Which result struck me as unlikely to be beaten.
| | by Zak Mir | Trading | 1 mins. to read
With Majestic Wines (LON:MJW) we have yet another of those big name High Street retail sector conundrums to chew on, both from a fundamental and a technical perspective.
| | by Victor Hill | Economics | 10 mins. to read
Financial Armageddon? At least you reacted… Readers' reactions to my piece in this month's MI magazine on the theme of Financial Armageddon were, as usual, intelligent and interesting.
| | by Evil Knievil | Evil Diaries | 1 mins. to read
It's been a giddy few days trading currencies and I decided to cash in on my JPY short. It's quite a profit. By standards understood to me JPY is still a raving short. But timing is everything so the chairman's advice was taken.
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"Experience is the teacher of all things."
Julius Caesar
| | | | TIPTV MASTER INVESTOR SHOW | | |
Is your portfolio ready for a 2008-style financial crisis? - Bank valuations already at lowest point since 2008 - a precursor to another blow-up.
- A real risk of Italy leaving the Euro, French insolvency, and Germany writing off huge loans to Southern Europe.
- Disruptive political events, like Brexit or the US election, threaten to throw markets off course.
- Will China's debt bubble finally burst, just when no-one expected it?
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