John Aldersley, Author at ShareCafe

I was a little premature recommending Kingsgate at $1.80 in May. It plummeted to $1.26 briefly at the end of June as panic set in about the gold price. Nearly every global broker has since downgraded their target for gold to about $1100 or below. Just in time as it happens for the seasonal rally in July that usually occurs. Today we have seen gold get back over $1300 and it would not surprise me if gold rallied towards $1500 this month in a sudden spike. The reason is despite levies on gold buying by Indian nationals, both Chinese and Indian demand for gold spikes about this time of year ahead of the wedding season.

Markets

John Aldersley On BHP & KCN

May 3, 2013 - by John Aldersley

BHP Billiton (BHP)

Markets

Update on BHP

April 17, 2013 - by John Aldersley

My first effort at seeking the bottom in BHP had mixed results. I did get a good bounce to just over $34, but the momentum subsided and the stock retreated again. The Boston explosions and premature comments by our government spokesman that it was probably by “terrorists” (why not simply condemn an act of terror?) didn’t help our open yesterday and the BHPKME were stopped out when the stock touched $31.26 momentarily before closing at $32.15.

Markets

Taxation on Super Pensions

April 9, 2013 - by John Aldersley

This is close to my heart since I’m one of the people affected as I turned 60 last year and all my serious investments are in DIY Super. My time in the sun didn’t last very long, given a government desperate for revenue.

Markets

One Way Of Playing BHP At Its Lows

April 9, 2013 - by John Aldersley

For most of my career, many professional investors have tried to avoid resources because of their high volatility and poor long-term returns.

Markets

The Korean “Crisis”

April 9, 2013 - by John Aldersley

The casual observer of markets might think stockmarkets should be weakening heavily in the face of the North Korean “crisis” and the headlines appearing in newspapers predicting possible nuclear conflict and war in Korea.