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Farage's Brexit Party to Trounce May, Sporting Index Says

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Comments of the Day

22 May 2019

 

 

Big Picture Long-Term Video May 17th 2019

 

 

Eoin Treacy's view

A link to this week's Big Picture Long-Term Video is posted in the Subscriber's Area. 

 

 

Video commentary for May 21st 2019

 

 

Eoin Treacy's view

A link to today's video commentary is posted in the Subscriber;s Area. 

Some of the topics discussed include: Brazil bounces, Australia extends gain, China and US steady, Europe steady. Euro eases, Pound extended decline, industrial resources ease. 

 

 

Farage's Brexit Party to Trounce May, Sporting Index Says

This article by Dara Doyle may be of interest to subscribers. Here is a section:

Nigel Farage’s Brexit Party is poised to dominate the upcoming European elections in the U.K., according to spread betting firm Sporting Index.

The anti-EU party will win 28 seats, the firm said. Prime Minister Theresa May’s Conservatives will win seven, while Labour will take 13 and the Liberal Democrats 12, Sporting Index predicted in an email in London on Tuesday.

Sporting Index has had a consistently strong record in predicting some of the key twists and turns of the Brexit saga. Last month, about two hours before the latest vote on May’s Brexit deal, the spread betting firm forecast she’d lose by 60 votes. She was defeated by 58.

“The Tories look set to face the consequences over their handling of Brexit, with the Brexit Party and Liberal Democrats making significant gains due to their clear stance on one of the most polarizing events in British politics,” Sporting Index’s Phill Fairclough said.

On Tuesday, May offered lawmakers a vote on whether her Brexit deal should be subject to a referendum, in a last-ditch bid to save it. Last time MPs voted on a second referendum, there was just a 12- vote difference, with 280 backing a confirmatory vote on a deal and 292 against it.

 

Eoin Treacy's view

There is a large contingent of UK voters who thought they would never be voting in a European election again. Presented with the opportunity to stuff the European parliament with Eurosceptics they are likely to leap at the chance.  The UK isn’t the only country where parties at odds with the European union’s aim of further cohesion are likely to gain ground. France, Italy, Austria, Sweden, Denmark and Spain all have room for electoral upsets. Perhaps the greatest irony is from next week the continent will have a more Eurosceptic voice than Westminster.

 

 

PGM Market Report

Thanks to a subscriber for this report from Johnson Matthey which may be of interest. Here is a section:

 

 

Eoin Treacy's view

A link to the full report is posted in the Subscriber's Area. 

The diesel cheating scandal had a huge effect on demand for platinum from the automotive sector in 2017 and 2018 which resulted in a significant drawdown. The automotive sector has been busy trying to clear up its image and play catch up with Tesla so diesel fell by the wayside. However, the significant surge in palladium prices, to levels where substitution becomes economic, raises questions about the bearish hypothesis on platinum.

 

 

Email of the day - on cryptocurrency exchanges:

I noticed that you did not mention Coinbase as a vehicle to use cryptocurrency; what would be the risks of opening an account with coinbase vs stockbrokers. Thank you.

 

Eoin Treacy's view

Thank you for this question which is highly topical for anyone considering buying cryptocurrencies via an exchange. The reason Fidelity’s move to provide custody is such a big deal is because it lends security to your holding.

 

 

Email of the day - on battery powered flight:

I loved Lex’s tongue-in-cheek view of lithium-on batteries. A useful energy density chart that shows where lithium-ion batteries are - roughly in between lead batteries and liquid hydrogen.

 

Eoin Treacy's view

Thank you for this story and I also enjoyed the tongue and cheek nature of the energy density comparisons. I suppose it is no longer politically correct to point out that whale blubber has about 87% the specific density of kerosene which is better than lithium ion batteries. If that could be artificially replicated, we really could see whales fly.

 

 

Giant Pandas to Leave San Diego Zoo

I guess pandas don’t get to apply for political asylum

 

 

Eoin Treacy's view

 

 

2019: The 50th year of The Chart Seminar

 

 

Eoin Treacy's view

There will be a memorial concert for David at the Royal Festival Hall on October 5th. It looks like we will have a room at the Royal Festival Hall for an hour before the concert for a memorial. Wine and canapes will be served. Afterward we will retire to the Benefactor's Lounge where Tim Walker, Chairman of the LPO will dedicate the concert in David's memory. The concert will be from 7:30 to 10pm. If anyone would like to attend the concert in addition to the memorial there will be a box to tick on the booking form which I will provide as soon as I have it.   

Since this is the 50th year of The Chart Seminar we will be conducting the event on October 3rd and 4th to coincide with the memorial on the Saturday.

In the meantime, if you have any questions, would like to attend, or have a suggestion for another venue please feel to reach out to Sarah at [email protected].  

The full rate for The Chart Seminar is £1799 + VAT. (Please note US, Australian and Asian delegates, as non-EU residents are not liable for VAT). Annual subscribers are offered a discounted rate of £850. Anyone booking more than one place can also avail of the £850 rate for the second and subsequent delegates.

 

 

Eoin's personal portfolio - cryptocurrency long opened

 

 

Eoin Treacy's view

Details of this trade are posted in the Subscriber's Area. 

 

 

 

 

 

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