Archives for Markets - Page 10
At the age of 20 Bernard left his job as an account clerk on Wall Street and headed to Cripple Creek, near Denver, to make his fortune from mining. It didn’t turn out well. “I learned my first lesson in money making – that people who try to get rich…
Jesse Livermore was born on a farm in Massachusetts, on July 26 1877. He was trading by the age of 14. Early family history is not clear, but it appears his father was a hard master and wanted Jesse to say on the farm. But he had his mother’s blessing…
This post is based upon an interview with Gordon yesterday. Gordon is a stockbroker and principal with Morgans’ Caloundra office. Morgans are sponsors of marketcap.com.au. Contact Gordon here. China and Iron Ore Gordon considers that Western markets have a “bipolar” view of China. Minor economic improvements cause the bulls to rave,…
As a geologist I have long been interested in the contribution of luck to exploration success. It is much more important than many people wish to believe. At BHP we used to say, only half-jokingly, that it would be more cost effective to just drill Australia on a grid than…
There are numerous variations to the age old “investment clock”. Citigroup’s version below is the most relevant to our market that I can find. There was a time when I entered the market many moons ago as a starry eyed analyst, that you could “almost” set your watch to…
Greetings Last month’s note aired my frustration about momentum and herd mentality dictating market terms, rather than cold hard facts. Hence, being able to advise, or predict, the direction of resource equities is at best difficult; at worst a mug’s game. This week I’m going to take a “devil’s advocate”…