Current bear sequence is faintly annoying…

PUBLISHED: 22 Mar 2012 @ 21:14 | Comments (0) | More info about Clem Chambers

If we go on another rally I’m going to do very well, but as the summer slump approaches I should be prepared to take a bit of a kicking instead.

We are now in a little bear sequence and it’s faintly irritating to watch the profits bleed. Even more annoying is the fact I’m not finding many new shares of interest, which is the investing equivalent of watching a second division football match in the rain which turns out a nil-nil draw.

Meanwhile I’m interested to see if the UK’s boost in gold reserves is a result of a rise in gold’s value or because it has been buying. If the UK is buying gold it is very interesting indeed as this would be an amusingly inflationary policy designed to suppress the pound and swap a hard asset for confetti.

It is almost comical to see the Euro pound nailed at 1.20. The days of free markets is now long gone.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

Follow @clemchambers

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.