Nicholas Vardy
GLOBAL STOCK INVESTOR HOTLINE UPDATE 71
Your Global Stock Investor portfolio had a lot of turnover this week as global markets whipsawed stocks back and forth. You were stopped out of Millicom International Cellular (MICC) last week for a gain of 22.55%. With the stock dropping substantially on an earnings disappointment announced yesterday, you should be pleased to have locked in those gains. You also hit your stop in ArcelorMittal (MT) for a gain of 13.75%. Finally, you were stopped out of South Africa’s Sasol (SSL) for a loss.
The Global Bull Goes Bottom Fishing in India — Following in Alpha Trader George Soros’ Footsteps
What a difference a year makes. The sentiment surrounding global financial markets in the past month could be hardly more uncertain. Over the weekend, U.S. Treasury Secretary Henry Paulson appeared on the Sunday television talk shows seeking to reassure an anxious U.S. public that the U.S. banking system is sound and that their deposits up to $100,000 are insured. This was the same Treasury Secretary Paulson who only a year ago — in the July 12 issue of Fortune magazine to be precise — confidently declared: “This is far and away the strongest global economy I’ve seen in my business lifetime."
Global Stock Investor Hotlne Update
Your Global Stock Investor portfolio was broadly flat this past week, as global markets continue to struggle with negative sentiment. Barrick Gold (ABX) was the star of the week in rallying 11.77% on the strengthening gold price.
A New Bet on a New Metal — and Locking in 52.86% of Golden Gains in a Single Week
With the global stock markets in a seemingly relentless funk, Global Bull Market Alert is turning its attention back toward assets and sectors that move independently from this beaten down asset class.
GLOBAL STOCK INVESTOR HOTLINE UPDATE 70
This past week was a rough and tumble one for your Global Stock Investor portfolio, as many of your holdings dropped sharply and either hit or came perilously close to hitting their stop prices.
A Golden Choice in a Time of Turmoil
With global markets coming off one of their worst June months in recent memory, it’s time to switch back to a more defensive pick in your Global Bull Market Alert portfolio. And if there is one asset to which investors turn when they seek safety, it’s gold — the yellow metal economist John Maynard Keynes once called a “barbarous relic.”