Clive_Thompson

Clive_Thompson

In sterling terms gold has been on a tear helped by the long term weakness of the British pound. The price has broken through multiple resistance levels and looks like it will soon challenge the all-time-high.

Clive_Thompson

Wärtsilä, also spelled Wartsila and Waertsilae is a company based in Finland. The company's main business is fitting out the entire engine rooms of large ships. Their website describes the activity as follows: Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasizing sustainable...

Clive_Thompson

We are seeing a nice flag formation in the gold price. Such triangular patterns are always followed by a breakout that bulls and bears will be watching closely. Will it be a break higher, or a break lower? Which one are you -Bull or bear, or don't care??

Clive_Thompson

A "Triangular Flag" pattern is generally a very bullish signal for short term traders. Basically it consists of a spike (the flagpole), followed by a period of sideways trading where the swings up and down gradually become smaller (the triangular flag). At some point, we reach the tip of the flag (the pointed end). The price can then break up or down from...

Clive_Thompson

Have a look at the long term gold price on a log scale. Look at the last bull market from 2002 until 2011. Once again we are in a bull market. If it plays out like the last one we should see $1616 very soon -maybe in a month or two. This should be followed by an acceleration of the trend taking us through the all time high and on to $2200 by mid 2021. ...

Clive_Thompson

The above chart shows the price of bitcoin plotted on a log scale. This is a way of easily seeing the percentage movements. On a log scale, a crash from $10 to $8 looks the same size as a crash from $10’000 to $8’000. They are both 20% crashes. If it were a linear scale, the $10 to $8 crash would be virtually invisible. As can be seen, bitcoin has suffered...

Clive_Thompson

Smurfit Kappa Group plc is an Irish Company. They are one of the world’s leading packaging companies using paper and cardboard materials. The company has operations in 35 countries with 46k employees and supplies thousands of customers with their packaging needs, particularly corrugated packaging and containerboard. Its main quote is on the London Stock...

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Clive_Thompson

GAM Holding AG is a Swiss Investment Manager firm which runs a number of Investment funds. Just over a year ago GAM Holding AG suspended a manager for not following internal procedures. The repercussions on GAM were enormous. One of their funds, "ARBF", had to be suspended. Most investment advisors removed all GAM funds from their recommended list and GAM...