investment trusts Archives - Philip J Milton & Company Plc

Economic growth and a little calm

Have been listening to this strange noise outside today – the pattering of much-needed rain. I appreciate if you are on holiday here it’s not so good but the ground needs it desperately so please forgive us! Pleasing to see the latest Quarter’s economic growth rate at 0.4%. It is still lower than it should...

FTSE flies but what’s inside?

Welcome to a new all-time high for the FTSE100. Remember, it’s just a number and it’s the contents which are important and what are powering the underlying indices. Banks have been very strong (Lloyds’ results yesterday saw the shares at their highest since 2009) and now Rolls Royce is a major component too. Oils are...

Wobbles at the top?

Well, potentially all change at the top. I remembered this quotation from a more contrite and accommodating man during the now old 2020 Labour leadership election. “When they made mistakes, I carried the can. I never turn on my staff and you should never turn on your staff. I will carry the can...

Hunting for safe havens

Where are all the safe havens? As the markets slip, even gold and silver fall (though as I have kept saying, they have been too dear anyway and ‘alternative safety’ assets need always to be cheap to start). Not that we’re chartists but the charts for those two have boded very badly indeed. We...

Markets continue to wobble

Oh dear, more uncertainties afflicting global markets as a consequence of the attacks on Iran and then the ramifications. They are dreadful and for the innocent people involved but as for the financial implications, on capital markets, maybe retrenchment reflects the ‘need’ for profit-taking it seems. This is even discounting unintended consequences, such as...

Uncertainty as US attacks Iran

So, early Saturday we awoke to news that bombings had taken place in Iran and the inevitable retaliation as a consequence. The weekend oil price jumped significantly and the world waits to digest the consequences. It is too early to predict outcomes but the hope will be for a short, sharp shock and a return...

Some sad news

Good morning. Just a brief update for you but thought I should share some sad news as a special edition. I should add too that there will also be a special pre tax-yearend newsletter in the post in a few weeks as well, reminding investors to use their various allowances. Sad death Mrs Jean Reed passed...

Dollar doldrums and silver surfing

Quietly and gently and perhaps almost unnoticed, the US Dollar had been seeing a drift downhill before strengthening again over last week. Against Sterling it has now been the lowest since September 2021, having fallen by over 26% since the Pound’s trough in July 2022. We are not so unhappy as we have currency in...

Some growth but inflation bites

It’s been good to see some economic growth with an unexpected 0.3% figure in November. Services and production rose and construction fell. The results at least counter some of the previous slippage but won’t be giving a great annualised figure regardless – but all helping. Likewise, whilst we read a colossal 700,000 graduates are unemployed,...

Silver prices surge

I am still reeling from Silver’s 130% increase in 2025. Gold was a mere 53%. And yes, it has continued - £1,000 of silver on 1/1/25 is now £2,960 – I am becoming speechless. We have trimmed some of ours but still hold over £3million but as noted, we can’t hold it any longer as...

Economic growth and a little calm

FTSE flies but what’s inside?

Wobbles at the top?

Hunting for safe havens

Markets continue to wobble

Uncertainty as US attacks Iran

Some sad news

Dollar doldrums and silver surfing

Some growth but inflation bites

Silver prices surge

Risk Warning

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Philip J Milton & Company Plc

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