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By Monty Guild & Tony Danaher, on December 31st, 2008
We would like to take this opportunity to wish you a very happy, healthy, prosperous New Year.
OUR OUTLOOK FOR 2009
A) The U.S. dollar will decline in 2009. This is a lynchpin for several investments.
B) Precious metals and grain commodities have bottomed. These are priced in dollars…as the dollar declines their prices will rise.
The above predictions are strongly held views. The next prediction depends upon events that are still unfolding, therefore we are waiting to establish the timing for this prediction.
C) Many stock markets will bottom in 2009, due to the fact that they . . .
Continue Reading: 2008 IS BEHIND US…MANY ARE THANKFUL
By Monty Guild & Tony Danaher, on December 22nd, 2008
I AM WRITING THIS ON THE NORTHERN HEMISPHERE’S SHORTEST DAY OF THE YEAR
Personally, I am a lover of daylight, so I am hoping for more and more light as the solstice passes and days begin to lengthen. Let us also hope for some enlightened behavior by banking functionaries and banking system users in coming months. Our friends in the southern hemisphere are reaching mid summer, may you enjoy these pleasant times full of daylight.
NEW CAPITAL NEEDED BY WORLD BANKS
We have commented on this subject before. The solution has not been found. TARP and other government relief . . .
Continue Reading: BOND MARKETS ARE BEGINNING TO FUNCTION IN A SMALL WAY
By Monty Guild & Tony Danaher, on December 16th, 2008
How did we and many others resist the attraction of a seeming sure thing in the Madoff Ponzi scheme? Many noticed that Madoff’s proposal had a few red flags. They were:
How did we and many others resist the attraction of a seeming sure thing in the Madoff Ponzi scheme? Many noticed that Madoff’s proposal had a few red flags. They were:
Madoff’s investment advisory business used his own firm as the custodian for all managed client’s assets. In general, investors should not invest with an investment manager who is also the custodian of the assets. Having a separate, . . .
Continue Reading: WHAT THE MADOFF PONZI SCHEME IS TEACHING EVERY INVESTOR
By Monty Guild & Tony Danaher, on December 8th, 2008
THE ECONOMIC NEWS IS BAD, BUT MARKETS ARE RALLYING IN SPITE OF THE NEWS
This letter discusses a number of problems facing the world economy. At the present time, the global economic background is bleak. However, the short-term market outlook in many countries is not nearly so bleak. We believe that many of the world’s markets are currently in rally mode. After experiencing large declines for months, we expect the prices of shares in many countries, gold, foods, and foreign currencies to continue to rally for the next few weeks.
Volatility and fear will continue to dominate as markets . . .
Continue Reading: THE ECONOMIC NEWS IS BAD, BUT MARKETS ARE RALLYING IN SPITE OF THE NEWS
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