Hot Penny Stocks

The next few weeks will see the stock market officially enter the strongest seasonal trading period. The market has risen 25 out of the last 30 years from mid-December to January 10. If traders think there’s a greater than 80% chance of the market rallying over the next few weeks you can be sure to [...]

More annoying banter from your editor to the ASX: “So when can we expect the ASX to make an announcement on this? “I’m sorry, but this is a no-brainer. As I say, the ASX’s own website states: Timely disclosure must be made of information which may affect security values or influence investment decisions, and information [...]

Yesterday the Aussie stock market put in a 1.5% turnaround from the low of the day. You can see the rally on the intraday chart below: Source: CMC Markets Stockbroking What can explain the rally? No idea. Buyers willing to pay higher prices for stocks, and sellers demanding a higher price before they’ll sell, is [...]

China isn’t the world’s No.1 gold buyer just yet. But its impact is already showing in how global gold prices move… SURGING DEMAND from China, the world’s second-largest gold buyer, is changing seasonal patterns in gold price trends for investors everywhere. How so? At this current pace, private Chinese demand may overtake India’s by 2014 [...]

Let’s see how Gerry Harvey would like it if we started a campaign to lobby the Australian government asking them to single out Gerry Harvey and his Harvey Norman stores to pay more tax. Do you think that darling of the mainstream media would approve? Would he be delighted if the government passed a law [...]

The Chinese consumer price index (CPI) came in yesterday and the result was pretty much as expected: the cost of living in China is increasing. The CPI increased 4.4% overall, and what would set off alarm bells in most countries was the 10.1% rise in food prices. Now, I’m not quite sure if palm oil [...]

Before we get onto today’s Money Morning, a quick review. Yesterday’s edition was the victim of a fat-fingered trade error. Otherwise known in the publishing industry as a “typo”. We typed: “The Purchase price for this 3 bed ‘cottage block’ in 2007 was $449,000. I cannot find a real estate agent willing to list the [...]

…Will Last… or Won’t Last. If the grinning buffoons on CNBC are an indicator of bull market bubble madness, then the market is set to soar higher. But by the same token, the grinning buffoons are just as much a sign to tread carefully with this market too. Seriously, we haven’t seen so many smiling [...]

The S&P/ASX 200 was higher by 36 points to end the day at 4,698.00. The Reserve Bank of Australia surprised some yesterday by increasing interest rates 25 basis points to 4.75%. The Dow Jones Industrial Average added 64 points to close at 11,188.70. Last night, Federal Reserve members met for November, and the market is [...]

Did you notice that your morning coffee is now is about thirty cents more expensive than last year? While everyone in the editorial office has agreed that it would be easier to have 10% of our salary directly deposited to our favourite St Kilda coffee shop, there was outrage here about two months ago when [...]