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By Monty Guild & Tony Danaher, on July 30th, 2007
WE HAVE BEEN SUBSTANTIALLY INSULATED FROM THE BOND MARKET PANIC TAKING PLACE IN THE U.S. WE HOLD A LARGE AMOUNT OF CASH FOR THE ACCOUNTS THAT WE MANAGE, AND WE ARE ENJOYING A GOOD PERIOD OF INVESTMENT PERFORMANCE. WE EXPECT THERE TO BE A PERIOD OF ALTERNATING RALLY AND DECLINE FOR A FEW WEEKS WHICH WILL BE FOLLOWED BY A RESUMPTION OF THE UPTREND, ESPECIALLY FOR THE ASIAN MARKETS, ENERGY AND METALS, WHERE WE HAVE BEEN INVESTING.
THE BACKGROUND
The decline in the mortgage bond market has spread, and has begun to affect other bonds, U.S. stocks and . . .
Continue Reading: THINGS ARE GOOD FOR OUR STRATEGY
By Monty Guild & Tony Danaher, on July 27th, 2007
Although temporarily painful, market corrections are a healthy development. Rising markets, that periodically correct, and climb the proverbial wall of worry, last longer and rise higher.
The current market correction in metals, energy and stocks is a normal one; and we have expected it. Accordingly, we have built a large cash position which we will use to buy good stocks as they fall to attractive levels. We like panic days like yesterday. They provide low prices at which to buy stocks.
Long experience has taught us to buy when others are throwing things away irrationally. Yesterday looked like the . . .
Continue Reading: PERIODIC MARKET CORRECTIONS AND ROTATION OF LEADERSHIP WILL OCCUR….. THEY ARE NORMAL AND THEY CREATE OPPORTUNITY
By Monty Guild & Tony Danaher, on July 24th, 2007
Russia is once again becoming a dictatorial state. As we have pointed out in these pages for over a year Putin is taking over companies owned by the west or by capitalist Russians, trying to get the Europeans over an energy supply barrel and bullying or arresting anyone who disagrees with his dictatorial behavior.
It is also interesting that his critics sometimes end up dead, for example the journalist Anna Politkovskaya. Journalism has never been a remunerative profession and it has never been appreciated in the west because of its left wing bias.
However, every freedom loving person should . . .
Continue Reading: PUTIN RUNS RUSSIA THE WAY HE WANTS…..THAT IS BAD FOR EVERYONE ELSE
By Monty Guild & Tony Danaher, on July 20th, 2007
Several Chinese economists are predicting that from 2006 until the end of 2010 (these figures are based upon statements by the Chinese government about their spending plans): • About $350 billion U.S. is to be spent expanding the distribution and generation of electricity in China.
• About $175 billion U.S. is to be spent improving railroad infrastructure in China.
Spending over $500 billion in five years will take a heap of metals. You need iron ore, zinc, nickel, molybdenum, copper, lead and many other metals and rare earths for this kind of building. You need mining equipment and transportation . . .
Continue Reading: A FEW POINTS WHY CHINA, INDIA, SINGAPORE, BASE METALS, PRECIOUS METALS AND GLOBAL TRANSPORTATION STOCKS ARE MOVING AHEAD RAPIDLY
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