The ACD Method

[redbaron1981]

Mav,

Could you give me your views on the GBP from a macro perspective please?

Do you think further weakening is likely or is this only due to the uncertainty of the U.K. after brexit?

Thanks.

 

[Maverick74]

Mav,

Could you give me your views on the GBP from a macro perspective please?

Do you think further weakening is likely or is this only due to the uncertainty of the U.K. after brexit?

Thanks.

Weekly A down
Monthly A down
Quarterly A down
Yearly A down

GBP/USD traded at 1.05 in the mid 1980's. No reason it cannot go back to that level. There is absolutely no reason to buy the pound. Real estate is a whole other story. That is a much better way to capture some value on this weakening currency.

 

[justrading]

Weekly A down
Monthly A down
Quarterly A down
Yearly A down

GBP/USD traded at 1.05 in the mid 1980's. No reason it cannot go back to that level. There is absolutely no reason to buy the pound. Real estate is a whole other story. That is a much better way to capture some value on this weakening currency.

Any names in UK REITs you can suggest?

 

[Maverick74]

Any names in UK REITs you can suggest?

I would not buy the REITS. I would probably try to find a hedge fund or private equity fund that specialized in this area. I think would like to buy a swap whereby I sell US real estate and buy London Real Estate. That is the spread of the century. Gives me an idea....

 

[Maverick74]

http://www.forbes.com/sites/davidni...eal-estate-market-for-under-100/#3172e9d33ccc

https://www.propertypartner.co/s/uk#properties

 

[Maverick74]

http://www.telegraph.co.uk/property...operty-planning-should-you-buy-sell-or-stick/

 

[justrading]

Good stuff. The upside to sterling plumbing the depths is assets become cheap to foreigners, and that would include real estate. Then there would be tourism, so I'd look at related businesses as well. Hotel chains with a strong UK presence for example, or any company largely reliant on tourists. Export reliant companies too, which largely make up the FTSE main index.

I've done well with DXJ since the yen went south. Collect dividends, sell when it's high, buy when it's low, it's a pretty good proxy for USDJPY and you get dividends too; I think my best was close to 10% based on my average price.

 

[SteveM]

I would not buy the REITS.

Yeah. In my opinion, REITs are the asset class that investors have stretched the furthest for in an attempt to capture yield in these ZIRP times. Some REITs yielding 3% today were yielding 9-10% ten years ago.

 

[copyplus]

Would you believe our first 30 NL confirm came on march 4th at 1.65! If you didn't like that one for some reason there was a juicy one in June around 2.55.

Just had to comment since I just started tracking NG recently. Are you talking about derivative NL's confirming, or the traditional 30 day raw score? My 30 day was flat on March 4.

 

[Maverick74]

Just had to comment since I just started tracking NG recently. Are you talking about derivative NL's confirming, or the traditional 30 day raw score? My 30 day was flat on March 4.

Volume weighted 30NL.