According to Intrade, a website where you can bet on events, the Democrats have a 62.5 % chance of losing control of the House of Representatives in the 2 November US election. That means the opposition party, the Republicans will take control and Obama’s big government, increased regulation, higher taxes, small business unfriendly, socialist agenda will be blocked.
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Dear Traders,
The AUD continues to march ahead which is positive for our AUD denominated investments. Holding the AUD is like holding a call option on China.
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Dear Traders,
According to Global Money Trends, a premier research service, Goldman Sachs investment management team has told their high net worth clients to stay fully invested in a report entitled Double dip or Double Buy
Goldman feels valuations are cheap by historical standards and this is the reason to be bullish.
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Dear Traders,
Outlook for gold by year end, USD 1500 per ounce. Last Wednesday at our office at Phillip, Jeffrey Nichols of American Precious Metals advisers from New York presented a compelling case for continued appreciation of gold.
Among his reasons:
Dear Traders,
Remember the movie Karate Kid with Pat Morita. Morita, a Kung Fu master, trained a young student in martial arts and one of his exercises was to polish the junk cars owned by Morita.
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