Timing & trends

The Skeptical Investor – July Update

Posted by Mark Jasayko

on Thursday, 4 July 2013 22:39

Produced by McIver Wealth Management Consulting Group

Mark Jasayko, CFA,MBA, Portfolio Manager with McIver Wealth Management of Richardson GMP in Vancouver.

www.McIverWealth.com

Institutional managers 55% cash awaiting better prices ahead

Posted by Danielle Park - Juggling Dynamite

on Thursday, 4 July 2013 18:53

Screen shot 2013-07-04 at 11.46.25 AMWhile most retail financial advisors today are counselling clients to remain fully allocated to risk markets near 6 year highs (they always do, at least until after big losses hit and then they will suggest some switching around) institutional managers, traditionally dubbed the “smart money” have become highly risk averse. See more here: Europe’s biggest asset manager favors cash

“Amundi, Europe’s biggest asset manager with almost $1 trillion of funds, said it increased cash holdings at the expense of equities and high-yielding bonds because global growth may be weaker than expected next year.

“Forecasters remain too optimistic about global growth for 2014,” Didier Borowski, head of strategy and economic research at Amundi, said in an interview in Geneva last week. “We have to be very cautious on risky assets in the short term.”

Amundi, which mainly invests on behalf of institutions, said diversified funds have as much as 55 percent of assets in cash as a weaker economic outlook deters riskier investments…

The Stoxx Europe 600 Index fell 8.2 percent since Bernanke spoke, while the MSCI World Index dropped 4.9 percent. Borowski said stocks may decline further if companies and analysts revise down their earnings expectations on weaker-than-expected growth in 2014.

The global economy is expected to grow 3 percent in 2014 compared with 2.13 percent this year, according to data compiled by Bloomberg……read more HERE

 

 

Silver Market Buy Signal – AGAIN!

Posted by GE Christenson - SilverSeek.com

on Thursday, 4 July 2013 9:35

For the umpteenth time (actually the 3rd since June 2012) silver has given a buy signal according to my reading of the technical indicators.

Problem: How valuable is technical analysis (moving averages, oscillators, over-sold conditions etc.) when the silver and gold markets are dominated by computers (High Frequency Trading – HFT) and not human beings?

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…..read more HERE

“Water, water everywhere, nor any drop to drink… There is a similar situation with regard to fiat paper everywhere, but not a gold delivery to be made. The delirium cast by central bankers issuing unlimited fiat has kept so many people in a fiat-induced fog, unable to see clearly. The fog has lifted. It is all a game. See the fraudulent scheme for what it is and then fear no more. It is just a matter of time before everything unravels, as it surely is.”

“The price of gold and silver are closer to a bottom than a top. The QE-Infinity is closer to a top and will collapse under its own ‘goldless’ weight. The PM holders are on the correct side of history. Understand that it has been one of the bigger world scams played by the central bankers, the illuminati who believed themselves untouchable, beyond the scope of comprehension by the non-banking world.”

“Stop buying into the scheme of the moneychangers. Their time has come, and it is but a matter of time. They are playing with everyone’s mind, doing everything possible to destroy the gold/silver markets, committing self-destruction in the process. They are making every attempt to discredit the barbaric metal that cannot be eaten, that pays no dividends, but somehow survives as the most reliable measure of accepted value.”

“This is all taking much longer than many expected. One need not be religious to keep the faith, for the reality of owning the physical will not disappoint. The ultimate facts are on the side of PM holders.”

…..read more HERE

Ben Bernanke And The 12 Dwarves

Posted by James West - The Midas Letter

on Thursday, 4 July 2013 9:24

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In the last three months, I’ve read the following from Ben Bernanke and his Fed governors:

We will continue asset purchases at the rate of $85 billion per month until the employment picture improves to pre-2009 levels;

We will taper asset purchases in the months to come, eventually ending them in 2014;

We will increase asset purchases if continued weakness in the economy justifies it;

We may taper asset purchases in the near future;

We may not taper asset purchases in the near future;

We will taper asset purchases soon;

We won’t begin tapering asset purchases until 2014.

Now I’m not entirely certain, but sometimes my hearing is a little sketchy, and for all I know, I’m hearing “paper asset purchases” as opposed to “taper”.

Essentially, the Fed can now do anything it wants with its asset purchase program, and will be able to say with a straight face, that this is exactly what was planned back in 2013.

In other words, the Fed has lost all credibility. 

……read more HERE

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