Archive for April, 2013

Gold Bubble – about to Burst ?

I have been saying Gold has been in a bubble for around 2 years . Gold increased in value on the basis of uncertainity in the market , but with s a stronger U.S. economy helps increase interest rates and cut Gold demand .

Why would you invest ?

My personal opinion I haven’t seen clients raising their holdings because inflation has remained low, the USA economy is improving and may spur the Federal
Reserve
to holt stimulus and the dollar has strengthened, the bank said
today in a report. Bullion is down nearly 5% this year .I can see gold going towards $1300 in the near term and looking at $1200 by year end

Billionaire investor George Soros, who called gold the “ultimate asset bubble” in 2010, cut his stake in the biggest gold exchange-traded product by 55%.

When you have people like Soros selling you know its a good sign , time to take profits and invest in the market .

http://www.bloomberg.com/news/2013-04-02/gold-bubble-seen-turning-to-bear-market-by-socgen-on-recovery.html

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“It always seems impossible until it’s done.” – lets try then

Such a great man,

Following on from yesterday quote,

Truly inspirational

Tony Evans ,Tokyo

“It always seems impossible until it’s done.”

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Markets are BOOMING -looking like it will continue !

Markets looks like the first quarter was the start of a new BOOM in equity market . We have confidence growing , improving data , but more important is the prescription & attitude is turning positive .

Looking on the markets I agree we had a great 1st quarter , but I allways believe profit is only profits when you bank it ! Decide how much you happy with as a return and then sell .
If you don’t your greed feeling will make you hold for the perfect moment ,( which never exists !)

Reminds of a quote from Wall Street 2 from Gordon Gekko :

Bulls Make Money, Bears Make Money, Pigs Get Slaughtered

Strong Q1 to kick-start rest of 2013 – Strategist.

Strong Q1 to kick-start rest of 2013 – Strategist

Chief Equity Strategist Sam Stovall believes that the fast start year and the biggest Q1 gain in 14 years does not mean the party is about to end – in fact, the momentum is likely to continue.

As the calendar pages have now turned to April, investors remind themselves that the long-term track record for this month is positive.

Stovall assured that, “A strong first quarter has served as a running start for the rest of the year”. He argued that since the first quarter delivered positive returns, the odds of the next three quarters also delivering gains not only goes up, but so does the average total return.

In fact, history shows that since 1945, whenever the S&P 500 recorded a positive performance in the first quarter, the average performance for the three remaining quarters improved by an average 1.2, 1.1 and 0.4 percentage points, respectively. In addition, the rest of the year saw its average return rise to 8.9%.

However, at the opening of the second quarter on Monday, stocks slipped after disappointing US manufacturing activity weighed on the market.

The blue-chip Dow Jones Industrial Average index fell 5.69 points, whilst the broader Standard & Poor’s 500-stock Index shed 7.02 points and the tech-heavy Nasdaq Composite Index also lost 28.35 points.

Investors were concerned about whether Wall Street could extend the rally in the first quarter of the year when both the Dow and S&P 500 rose 11.3% and 10%, respectively.

Consequently, after a long holiday weekend the US stock market opened slightly lower, while trading at the Asian stock market was mixed and major European stock market remained closed on Easter Monday.

If you wish to review your funds in order to position your investments for the remaining of 2013, speak to a deVere Financial Adviser today.

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Yen Rises to Near Four-Week High on Safety Demand

The yen strengthened to a level not seen in four weeks against the dollar after U.S. manufacturing expanded less than forecast.The Federal Reserve looks less likely in reducing the bond buying program .

This is a great time for people with YEN to convert to other currencies as I can’t see this lasting.
I can see the yen wekening again based 2 events :

Bank of Japan Meeting

The new Bank of Japan Governor Haruhiko Kuroda will be holding his first meeting on April 3-4,
He is committed to the 2% and has said he will take all actions needed.

ECB Meeing

ECB President Mario Draghi and the committee will have the monthly meeting on April 4th,
With unemployment in the EU rising to record high. Something’s needs to be done here , and I think again it will be down to Super Mario to do something .

Lets watch the space and see what happens , all we know is volatility is a guaranteed , all you got to do is be on the right side of the trade !

Tony Evans

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Quote of the day “What Would You Attempt to Do If You Knew You Could Not Fail?”

The below quote is on my desk at work , to remind me that if you need anything the main thing is to try , only by trying you will succeed .

Persistence over resistance .

Want something go out and get it .

Lets lock and load ,

Tony Evans

“What Would You Attempt to Do If You Knew You Could Not Fail?”

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“Action is the foundational key to all success”

This is spectacular and wonderful time to be alive. I truly believe there has never been more possibilities and opportunities for you to become action oriented .

Motion creates emotion .

Action is the foundational key to all success

Pablo Picasso

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New Rules on Money Transfer in Japan and overseas -1st April 2013

As of today April 1st 2013 , all individuals ( Japanese or Foreign ) in Japan sending money inside of outside Japan may be required to present additional documents :
-ID, passport / gaijin card
-why bank transfer?
-employment status ( proofs of status maybe )

This is a huge crackdown to the criminal proceeds & in connection to the “Act on Prevention of Transfer of Criminal Proceeds” .

Japan is getting tough on ” the yakuza ” mainly as the amount of money they make is staggering one part of the Yakuza business is pachinko parlours and they account for 3% of Japan GDP $ 163 billion (if it was a country it would be the 93rd largest country int world. , .

Lets hope this doesn’t effect normal people to much.

Please see announcement on

http://www.npa.go.jp/sosikihanzai/jafic/en/hourei_e/data/sekourei2504.pdf

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