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Australia’s last recession was in 1991. The Australian government believes that the long run of growth shows they are doing a great economic job and the country is in good shape. But looking a little deeper tells a somewhat different story. The state of the Australian economy is directly related to the…
For hundreds of years the gold silver ratio was around 15, that is, 15oz of silver buys 1oz of gold. This stability was important because both metals were used as currency (read the history of silver as a currency here and here). In fact, during the 19th century the ratio…
On Friday, Novo Resources Corp (TSXV: NVO) released a rather disappointing report on recent results from work on their Pilbara conglomerate gold project. The stock closed down 18% on the day and is now about 38% off its high. Read more about the Pilbara gold rush here and here. In…
G88 has had a spectacular run during November, from $0.145 on the 2nd, to close at $0.93 yesterday. The company has 51.8M shares on issue, and thus a market cap of $48M. At 30 September 2017 it had cash of $3.8M. The spectacular share price performance was a result of some excellent…
Once, not so many years ago, it was thought that automation would lead to more leisure time and more time to pursue education and other intellectual endeavours. But this has not happened. Automation has benefitted the owners of the technology and their financiers, but not those who have been replaced.…
The chart below is from a great article by Alberto Gallo of Algebris Investments, read it here. So, Australia takes first place, but I would rather we were not on the list at all. But to listen to the real estate industry here in Sydney, there is no bubble in…