Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.

4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

Invest in Sydney/Brisbane property markets, or for media/public speaking requests, email pete@allenwargent.com

Thursday, 16 May 2013

Was the gold price recovery a dead cat bounce?

Not an inspiring recovery for gold yet.

Stocks power on to new all-time highs yet again in the US - Dow up 0.40% to 15,275 and the S&P 500 up 0.51% to 1,658.

Two schools of thought coming out of the US. Firstly that you should ride this bull market all the way to the top. Secondly, that the phasing out of the QE and the impact of the budget sequester mean that the market at this levels reflect a risky prospect.

Your guess is as good as mine.

Take a longer-term view than that, adopt a consistent averaging strategy, stick to a diversified portfolio of profitable, dividend-paying stocks and you'll come out doing just fine.

Update: Gold miners crucified again today. Newcrest (NCM) down -5.3% to $15 from above $40 in 2011.



Source: kitco