Tether is a name that comes up again and again in crypto.
It's been called negative things like a ‘scam' and ‘fraudulent'.
On the other hand, as a stablecoin, it’s also been called ‘the most useful cryptocurrency in existence’, since its price is pegged to the dollar.
But today I’m not here to join in on this debate.
Instead, I’m going to sh... ››› more
The rand has only just broken back below the key R14/$ level and I can tell from the client flows going through our treasury desk, many South Africans are once again keen to get money out of the country.
The USD/ZAR exchange rate was well over R15/$ just a few weeks ago.
This means, the rand has firmed up around +7.75% in the last month-and-a-half. Put another way, that's about a year's wo... ››› more
Gold's been a form of money, an investment and a store of value for almost as long as modern day man has walked the earth.
Some argue gold is a barbaric relic that no longer holds the monetary qualities of the past. They say paper currency, or electronic currencies such as Bitcoin, are the assets of choice.
But the fact remains that gold has been a very stable appreciating asset for centur... ››› more
The G20 summit in Osaka, Japan has just finished.
Who would have thought this two-day conference could have such an impact on our stocks, economy and even our currency.
And even the bullish sentiment towards the world markets and the US dollar, has left South Africa in a troubled state for the rand for rest of 2019.
Today I'm going to discuss two reasons why I expect the rand to we... ››› more
Russia is hoarding gold. The country has bought around 230 tonnes of gold since the start of 2018.
What's more - back in the year 2000 Russia held 830 tonnes of gold - its gold reserves now total more than 2,119 tonnes!
Russian central bank gold reserves are soaring
In fact, there are reports that the Central Bank of Russia is studying a proposal to create a gold-b... ››› more
President Trump's willingness to get around the negotiating table has sparked a risk on rally, with safe havens like Gold, Yen and the Swiss Franc pulling back.
President Trump said he would hold back on new tariffs and China would buy more farm products. He also indicated the US Commerce Department could decide if Huawei should be removed off the list of banned firms and can do so without go... ››› more
The last time gold was at $1,400+ was back in August 2013.
But on Tuesday 25 June 2019 it hit a high of $1,436 to an ounce.
Currently the gold price has pulled back a bit from this sharp rally and sits at $1,408.
But here’s the thing – on 28 May gold sold for $1,276 an ounce. So the shiny metal is up 10.3% since then.
What’s behind this ... ››› more
Q. "Now that Facebook is launching a new crypto-currency, I'm very interested to start trading it. Could you briefly explain what I need to know to understand the new crypto-currency and why people are getting so excited over it?"
A. Facebook's crypto-currency is called Libra. It is a one of a kind global currency and financial infrastructure which will be powered by a smart contract platform... ››› more
Warren Buffett has many great investment quotes, but perhaps my favourite is “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1”. This has never been more applicable than now. The world is about to become a far more uncertain place for investors as a series of political and economic events threaten to derail the global economy.
Number one on the list of threats is the US-Ch... ››› more
This weekend we will see Tottenham & Liverpool meet in an all English Champions League Final.
After two of the most dramatic European comebacks of all time, Liverpool will look to lift the trophy after knocking out Barcelona in one of the greatest comeback stories in the leagues history.
Tottenham also had a great two-legged victory over Ajax, who are rising stars as a young team. Tottenha... ››› more
The US/China trade war has continued to escalate as President Trump tries to lock in a victory ahead of next year's presidential elections.
Huawei, the Chinese smartphone maker, is the most recent target of his attacks. The company uses Google's Android operating system for its phones and due to US sanctions, it is likely that Google will be prevented from doing business with the company.
... ››› more
The JSE heavy weight Naspers, has pulled backed after it rallied over 50% from its 2018 low. The pull back is due to a global market sell-off sparked by President Trump escalating the Trade War and ‘kicking out' Huawei.
Below is a chart of Naspers, I've included the Fibonacci retracement levels, as traders will be eyeing these levels to build positions. Yesterday's close was just below the 3... ››› more
Imagine investing R100,000 in a company and receiving over R600,000 in dividends alone…
Or investing the same amount and getting back nearly R200,000 just in dividends…
Now that's serious income that could guarantee a comfortable retirement. Now imagine owning six of these shares right now…
I'd call that the ‘Ultimate Paycheque' retirement.
And as I said, I've identified si... ››› more
Over the last few weeks, I've sent out many different resource metal predictions that I believe are set for upside.
From gold, copper, oil and even sugar…
So far, they have all been moving smoothly and are on track.
Even with my Red Hot Storm Trades, these predictions have helped us generate over 200% in gains in the first quarter of 2019.
Over t... ››› more
A troubled shareholder was running next to me on the treadmill at the gym yesterday.
He looked around 55 years of age and he was gunning it (running fast).
While I was enjoying my brisk walk, I could see something was troubling him.
At first I said "slow down speed racer you're making me look like a lazy trainer." As he caught his breath, he told me how he invested in Asp... ››› more
My wife and I have cut down on sugar.
We are trying to be healthier this year by following a strict lifestyle, going to gym six days a week and travelling every three months or so.
Now when you are on a strict lifestyle change, it means you need to be more aware.
Every time I go to the grocery store, I need to make sure that I read the ingredients on EVERYTHING I buy.
You'll be sur... ››› more
Q. “Thank you Timon for introducing us to the new contributor to Trading Tips, Barry Dumas. I see he focuses more on indicators and news events when he analyses the Wallstreet index. Could you please give us your analysis on how Wall Street is looking when it comes to your chart patterns and trends. I'd like to know what your opinion is?”
A. I will break this answer into two parts, Trend ... ››› more
The Rand has been one of the strongest EM currencies in the past few weeks, but the strength will be short lived. The Rand has been boosted by a dovish FED, an ECB trying to balance monetary policy and economic growth, and the easing of Trade War fears. But all the positives are fickle and cautious investors should be looking a few steps ahead.
Investors looking to diversify off... ››› more
I'm sure you're thinking, WHAT!?
Normally when you hear of a bearish pattern, you'd expect a market to drop in price.
So how can I expect the JSE to rise?
Today I'm going to explain my unusual prediction on the JSE and how you can bank a 664% gain.
If you missed the gold prediction then you still have a chance to bank a 489% gain from the rise in gold - Go here.
... ››› more
So far we've already made two big predictions on Gold and the South African rand and where your money should be.
Today I'm going to let you in on my 3rd prediction for the year – The Euro (EUR/USD).
It seems like Europe is out of the limelight when it comes to the debt crisis with the PIGS (Portugal, Italy, Greece an... ››› more
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