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By Monty Guild & Tony Danaher, on October 31st, 2011
“Commodities have been under pressure for very big, macro reasons for the last several months, and that pressure is ending,” said Monty Guild, the founder and chief investment officer of Los Angeles-based Guild Investment Management Inc., which manages $170 million. “We think commodities are going to go much higher because this new banking situation in Europe is going to create a lot more liquidity in the world system.”
Funds poured $423 million into commodities the week ended Oct. 26, before the European bailout was announced, said Cameron Brandt, the director of research at Cambridge, Massachusetts- based EPFR Global, which . . .
Continue Reading: Monty’s Interview with Bloomberg Reporter Whitney McFerron, “Hedge Funds Lift Bullish Bets on Growth Prospects: Commodities”
By Monty Guild & Tony Danaher, on October 31st, 2011
“The European Central Bank cut European interest rates by a quarter point to 1.25% this week, sending a message that new ECB President Mario Draghi is willing to cut rates again to support the economy, says Monty Guild, founder of Los Angeles- based Guild Investment Management. More interest rate cuts will pump inflation and call for more quantitative easing or printing money, which will be bullish for gold and emerging market stocks, Guild contends.
“The change of direction for the ECB is a positive psychological underpinning for Europe, which is now admitting that the banking crisis, not inflation, is . . .
Continue Reading: Monty’s Recent Interview With IBD Reporter Trang Ho: “ETFs End Volatile Week With Gains”
By Monty Guild & Tony Danaher, on October 27th, 2011
U.S. Corporate Third Quarter Profits Looking Good…So Far
About 150 out of the 500 companies in the S&P 500 Index have reported third quarter earnings. The results should stoke market optimism. Some 70 percent have reported higher sales and earnings estimates, and of those, about two thirds posted profit margins ahead of expectations. It is still early in the reporting season, but so far the numbers look good and have decisively beaten gloomy expectations. As we know from decades of market research, corporate profit growth leads stock prices.
Commodity Prices Under Pressure — Here’s Why
For months, . . .
Continue Reading: U.S. Corporate Third Quarter Profits Looking Good…So Far
By Monty Guild & Tony Danaher, on October 25th, 2011
Some New Recommendations
Over the past few weeks, we have been purchasing U.S., emerging market, energy, and agriculture related shares, and would like to recommend to our readers; Oil, Wheat, the Canadian Dollar and Singapore Dollar, emerging market equities, and U.S. equities. We view these areas as an attractive trade between now and year end. We still recommend gold as a long term buy recommendation.
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