It is funny how in early January we see so many articles in the media from pundits predicting how the various asset classes will perform over the next 12 months. For these couple of weeks in the year, suddenly it is critical that we form an exact 12 months view of various asset classes, with often precise end of year targets.
RMS – RMS has been a hold all year on the blog from the low 20 cents area and recently halted the hot run in the share price it had to hit above 60 cents, by making a placement to institutions at 50 cents despite being cash rich and to the shock of most pundits.
Period 1st half January 2016, written Jan 15th.
Physical cash mid-Jan was relatively unchanged at 35.6%, but this hides an extremely volatile (mainly to the downside) start to the year. The key change here has been covering the shorts on the indices a few days ago. Continue reading “Bears in control early 2016”