Author, Andrew Sheldon
Global Mining Investing is a reference eBook to teach investors how to think and act as investors with a underlying theme of managing risk. The book touches on a huge amount of content which heavily relies on knowledge that can only be obtained through experience...The text was engaging, as I knew the valuable outcome was to be a better thinker and investor.
While some books (such as Coulson’s An Insider’s Guide to the Mining Sector) focus on one particular commodity this book (Global Mining Investing) attempts (and does well) to cover all types of mining and commodities.
Thursday, January 31, 2008
The upside is presented by corporate reporting suggesting that the market remains resilient. The reality though is that asset prices are falling and costs are rising. Not a recipe for earnings growth. The Fed cut might give people confidence in the short term, but its not going to revive the market for very long. But inflationary pressures will take time to materialise, so I see consolidation in the near-term. The threat of a financial failure remains, likely associated with 'netting out of derivatives contracts'. This was the practice of rogue trader Jérôme Kerviel and I would suggest that the 'options incentive' that permeates dealing desks also extends to senior management. For this reason, in an environment where the 'players are rewarded on the upside' but not penalised on the downside, you are going to see CEOs retiring on their payouts and traders retiring. Who will be holding the broken eggs? Dismayed investors. There is a good chance of financial failures. So where is that likely to take the market? Well certainly back to 11,650 pts. The next support is 10,000 pts. I dont see any evidence for that size drop yet, but there remains a big risk hanging over the market. I suspect there will be 'regulated disclosure' though this period. But that I mean the Fed and other central banks will be in discussions with financial institutions to determine the state of the market. Will there be any surprises?
Andrew Sheldon www.sheldonthinks.com
You can view foreclosed properties listed for as little as $US10,000 in Japan thanks to depopulation and a culture that is geared towards working for the state. I bought foreclosed properties in Japan and now I reveal all in our expanded 350+page report. The information you need to know, strategies to apply, where to get help, and the tools to use. We even help you avoid the tsunami and nuclear risks since I was a geologist/mining finance analyst in a past life. Check out the "feedback" in our blog for stories of success by customers of our previous reports.
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MY ADVICE is (i) look at a range of market indices and decide upon what level of correction would give you the justification you need to get in & out of the market. It might be a 5-10% retracement or a break of trend. (ii) Diversify if you dont have an intimate knowledge of the company or management. More than 30% in one company is aggressive.
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