Global Mining Investing $69.95, 2 Volume e-Book Set. Buy here.
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.

Global Mining Investing - see store

Click here for the Book Review Visit Mining Stocks

Download Table of Contents and Foreword

Tuesday, November 17, 2009

Euro set for a 10% rise against the USD

In the last post we talked about the strengthening in the USD on the basis of interest rates. We suspect the Fed is simply talking up rates and the USD to satisfy the Asian central banks who are getting no interest from their treasuries. The US government of course has to placate these countries because it borrows so much money from them.
Nevertheless in the short term, I'd be looking for US economic weakness to drive the Euro (like the Yen) to the July 2008 high against the USD. We can see in the following chart that the Euro has to rise by another 10% before it reaches that point.
---------------------------------------------
Andrew Sheldon www.sheldonthinks.com

The USD-JPY poised to strengthen

The Fed has apparently stated that it expects interest rates to rise in future. That is a commonsensical given:
1. The easy monetary policy, both in terms of low interest rates and the credit extended to US and foreign banks through other central banks.
2. The level of US debts, and the governments subdued capacity to raise tax receipts without increases in tax rates

I am still waiting for my energy tax. I suspect the US government is waiting for some resolution to climate change. They are waiting I think for scientists to get some consensus that there is no climate change consensus, before they step in and say, well just to be sure, we'll tax all energy, so in case there is a problem, we'll have our backs covered by spending on health care, etc.

Despite the fact that we are looking at a stronger US in future thanks to higher interest rates, I think we can expect further weakness in the short term. The cause of this is likely to be weaker economic indicators out of the USA. I am expecting the USD to find support against the Yen at its previous 15-year low of 81.6-83.6 yen. Currently the USD is trading at 89.32Yen, so there is room for a further 10% fall in the USD. I think it will be a quick recovery, and it might even be prompted by a global consensus to support the USD.
We must remember that Obama was in Japan, China and Korea last week, and there is every reason to think currency issues were discussed. No doubt those countries were looking for an assurance that the USD would not be allowed to fall, since they have large holdings of US treasuries. The US cannot expect these countries to support the USD unless they are prepared to raise rates. The chart below shows the trading history of the USD-JPY:
--------------------------------------------
Andrew Sheldon www.sheldonthinks.com

Japan Foreclosed Property 2015-2016 - Buy this 5th edition report!

Over the years, this ebook has been enhanced with additional research to offer a comprehensive appraisal of the Japanese foreclosed property market, as well as offering economic and industry analysis. The author travels to Japan regularly to keep abreast of the local market conditions, and has purchased several foreclosed properties, as well as bidding on others. Japan is one of the few markets offering high-yielding property investment opportunities. Contrary to the 'rural depopulation' scepticism, the urban centres are growing, and they have always been a magnet for expatriates in Asia. Japan is a place where expats, investors (big or small) can make highly profitable real estate investments. Japan is a large market, with a plethora of cheap properties up for tender by the courts. Few other Western nations offer such cheap property so close to major infrastructure. Japan is unique in this respect, and it offers such a different life experience, which also makes it special. There is a plethora of property is depopulating rural areas, however there are fortnightly tenders offering plenty of property in Japan's cities as well. I bought a dormitory 1hr from Tokyo for just $US30,000.
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.

Download Table of Contents here.