More From Mike Kane
The impact of inflated market cap on small-cap stocks
The small-caps have been diverging from broad market indices like the S&P 500 (SPY) (IVV), the Dow Jones Industrial Average Index (DIA), and NASDAQ (QQQ) in 2014. An impending correction would negatively impact the stocks.
Reactions to and implications of the carbon tax repeal
The prices of electricity and retail gas in Australia have increased over the years. According to the Australia Bureau of Statistics, from June, 2007, to December, 2012, average electricity prices increased by 70%.
Why the long-term prospects for the BRICS network are positive
Because of its burgeoning autonomy, long-term prospects are positive for the BRICS network as well as the other emerging economies that will inevitably join it.
Why Saudi Arabia’s opening market could affect women’s rights
This could spark social changes for Saudi Arabia, which has an abysmal record regarding issues like women’s rights. In the 2013 Gender Gap Report, published by the World Economic Forum, Saudi Arabia ranked 127 out of 136 countries studied.
Must-know: Where’s the demand for Palladium coming from?
According to Johnson Matthey, 65% of the total demand for palladium (PALL) comes from the automobile sector. As the worldwide demand for automobiles increases, the demand for palladium will also increase. Palladium has applications in other industries. For example, it has electrical, dental, and chemical uses. It’s also used to make jewelry.
Retirement pick: Gold and the long-term investor
There is often a debate among academics, financial gurus, asset managers, and advisors as to the place for non-traditional assets in a portfolio.
Must-know: Is gold losing its shine?
Gold (GLD) (IAU) has declined by almost 8% in the last 12 months. Gold usually does well when the equity markets (IVV) are troubled. Gold has an inverse relationship with the U.S. dollar (or UUP). When the U.S. dollar weakens, investors turn to gold for value storage.
BRICS are drifting away from US and European monetary structures
The BRICS countries are slowly but surely drifting away from the 20th Century monetary and political structures setup by the U.S. and Europe, as characterized by Russia’s G8 membership being revoked in the wake of the events in Crimea.
Must-know: The BRICS alternative to the World Bank and IMF
The Summit produced some strong results, not least of which is the formal establishment of the New Development Bank after more than a year of speculative talks.
Key highlight: The new BRICS Contingent Reserve Arrangement
Another highlight of the Summit was the Contingent Reserve Arrangement – a reserve pool worth 100 billion USD to be set aside for liquidity measures and crisis protection – which will work in tandem with the NDB.
Why Atlantic City bet big on casinos and lost
Some blame it on outdated regulations. Some blame it on increased competition from neighboring states. Some blame it on poor or complacent management. But they all agree on one thing: Atlantic City’s casino market is crumbling.