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By Monty Guild and Tony Danaher, on December 22nd, 2003
Well, everybody seems to be jumping on the bandwagons we mentioned in our letter of December 6, 2003. In predicting our outlook for 2004, we said that base metals will be a key area, along with precious metals, energy and foreign currencies as the best investment groups in 2004.
We still believe that the US dollar has a substantial amount of depreciation ahead of it. Saying this, we should also point out that many brokerage house strategists have jumped on the weak dollar bandwagon in recent weeks. When we first began to recommend that foreign currencies would outperform the . . .
Continue Reading: December 22, 2003
By Monty Guild and Tony Danaher, on December 8th, 2003
SOME POINTS ON GOLD
There was a very important article in the China Daily Hong Kong edition on September 9, 2003 that my friend Larry Jeddeloh of The Institutional Strategist informed me about. It is a long article and hard to fully duplicate here so please let me summarize some main points.
Prominent gold experts and officials are urging the government to lift the ban on individual trading as soon as possible. 20% of respondents in a recent national survey said that they were willing to spend 10 to 30 per cent of their savings in gold investment. Xi . . .
Continue Reading: December 8, 2003
By Monty Guild and Tony Danaher, on December 6th, 2003
Happy holidays and best wishes for a happy, healthy and prosperous New Year.
OUTLOOK FOR THE NEW YEAR Some of our opinions for 2004 are as follows:
1. Global stock currency and commodity markets will experience increasing volatility.
2. Inflation, a word which is almost never heard today, will be on everyone’s lips by the end of 2004.
3. Precious metals, base metals and foreign currencies will rise substantially in US dollar terms in 2004.
4. Get used to higher energy prices. Oil has entered a new price band due to some members of OPEC supporting an oil price . . .
Continue Reading: December 6, 2003
By Monty Guild and Tony Danaher, on November 24th, 2003
Remember our last letter? We stated that we thought that commodities would rise in value and that inflation would return in the long run. Well that is the lead-in to this letter in which we cover some points omitted in our recent missive.
SHORT TERM INTEREST RATES ARE MORE IMPORTANT THAN PEOPLE REALIZE
In our opinion short-term interest rates are very important in determining the value of stocks and precious metals. Why would I say something like that? This is an issue that I discuss every few years in these notes and now may be a good time to . . .
Continue Reading: November 24, 2003
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