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By Monty Guild and Tony Danaher, on August 31st, 2005
ALLIANCES
Today we are in the midst of a period of large and continued shifting of alliances, both political and military. Because of these shifts, the world is facing many political and economic uncertainties. Why are alliances shifting? Wealth has shifted from the consuming nations to the producing nations of China, India and Southeast Asia. Economic power shifts ultimately lead to political power shifts. It is obvious that China, India and other emerging economic growth countries will soon become important centers of political power. In coming years, we will continue to see changing alliances. An example of a hitherto . . .
Continue Reading: CHANGING GLOBAL ALLIANCES
By Monty Guild and Tony Danaher, on August 21st, 2005
JAPAN: GOOD DAYS AHEAD; THE CHINESE ENERGY GRAB & GOLD AT 17-YEAR HIGH
This is a memo on Japan, energy and gold. I know I have been writing a lot lately, as a result of the fact that new investment opportunities are emerging, in my opinion.
GLOBAL COMMODITIES AND OIL
I have long been saying that the Chinese were making a land grab for energy and other resources. However, I did not realize the depth of their desperation to acquire oil assets until I saw them go into Ecuador, where through a front company called Andes Petroleum, they bought . . .
Continue Reading: GOOD DAYS AHEAD
By Monty Guild and Tony Danaher, on August 12th, 2005
CURRENCIES
Gold and foreign currencies are finally getting a rally. The rally has been driven by technical factors and pronouncements by more and more foreign nations stating that they will diversify more of their bond portfolios away from U.S. dollar instruments. We know that the dollar must decline more in the long run. Last week, Britain cut interest rates, but the dollar still fell versus the pound. This is a change of pattern and amounts to the market ignoring the fundamentals. We believe that the fact that this has happened is significant and it is enough to cause us . . .
Continue Reading: CONTINUED INTEREST RATE INCREASES BUOYING THE DOLLAR
By Monty Guild and Tony Danaher, on August 8th, 2005
We have included below an article that appeared on the front page of the August 1st edition of the Financial Times, which we believe to be very important. It is hard to overstate the impact of the events that this article implies may come to pass. In our opinion, they will be very positive for the U.S. and European economies, for the U.S. budget deficits and for the U.S. and European stock markets.
I hope you will take the time to read the article. If circumstances allow the predictions made in this article to come true, the U.S. and . . .
Continue Reading: SHIFT IN U.S. FOREIGN POLICY?
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