Within trading there are a few implicitly stated rules – perhaps first and foremost of these is the acceptance of risk for the opportunity to profit. The balancing act between risk and reward has over the decades been fertile ground for academics to traders. Academics seek a mythical middle ground that defines an appropriate balance…Details
The $A was floated 35 years ago. I remember vividly all the predictions of doom and gloom that were apparently going to be visited upon us Although these predictions did largely come from conservatives who were still annoyed that we had moved to a decimal system and dropped the pound, Since then it has been…Details
I have been playing around with the comparative returns from various local indices – this is what happens in Melbourne when the weather turns to shit and I get bored. It has long been known or at least should be that market selection is a cornerstone of effective trading. One of the reasons why domestic…Details
Whilst I am on the topic of correlations and returns Yahoo Finance does offer the capacity via their charting program to compare various instruments and get a sense of their relative returns. In the chart below I have compared the AUD/USD to SPDR Gold Trust ETF and GOLD a local gold ETF. You can make up…Details
I got an email over the weekend asking about the correlation if any between gold and the AUD and to be honest I didnt know if there was any relationship between the two other than the long bow stories generated by economists. So I decided to have look. Whenever you start to look at the…Details
Its that time of the year again when we have a look at the annual table of results for various instruments which has been cobbled together from various sources.