Month: April 2012

Video courtesy of ForexCT – A leading Australian forex broker, liscensed by the Australian Securities & Investments Commission, offers the MetaTrader4 and PROfit Platform to retail traders. Other services include Segregated Accounts, Trading workshops, Tutorials, and Commodities trading.

Source: ForexYard

The Japanese yen saw gains virtually across the board during yesterday’s trading session, as risk aversion continued to dominate market sentiment. Investor fears regarding a euro-zone recession and poor US fundamentals drove the JPY to a one-month high vs. both the EUR and USD. Turning to today, a lack of significant news means that riskier currencies like the euro and Australian dollar could extend their bearish trends. Traders will want to watch out for any exaggerated price shifts due to low liquidity in the marketplace.

Economic News

USD – USD Takes Losses across the Board

The US dollar fell vs. its main currency rivals throughout the European session yesterday, as investors continued to worry about the possibility that the Fed will initiate a new round of quantitative easing in the near future. The fears come as a result of poor fundamental indicators that have highlighted just how far the US still needs to go before achieving economic recovery.

Against the Japanese yen, the greenback dropped below the psychologically significant 81.00 level to reach a one-month low. Overall, the USD/JPY fell close to 100 pips during trading yesterday. Against the euro, the dollar spent most of the day fluctuating between the 1.3060 and 1.3120 levels.

Turning to today, a lack of significant US news means that investors may remain bearish toward the dollar. Analysts are warning that the greenback could continue to slide against the JPY unless positive US indicators are released. That being said, with market sentiment bearish against the euro-zone as well, the dollar may be able to see gains vs. the euro today.

EUR – Euro Drops to 1-Month Low vs. JPY

Debt worries in both Spain and Italy overshadowed positive fundamental data out of Germany yesterday and caused the euro to slide vs. the Japanese yen throughout the day. The EUR/JPY fell close to 150 pips, reaching as low as 105.95, a one-month low. The common-currency was able to fare better against the British pound. The EUR/GBP moved up close to 50 pips, reaching as high as 0.8276 before stabilizing around 0.8260 during the evening session.

Today, traders can expect a low liquidity trading environment, which could result in exaggerated price shifts throughout the day. With market sentiment toward the euro overwhelmingly bearish, the common currency could see additional losses against the yen. Whether or not the euro can see additional gains vs. the GBP will largely depend on how investors view the current debt situations in Spain, Italy and Portugal.

JPY – BOJ Decision Helps Yen

The Japanese yen maintained its recent bullish trend throughout the day yesterday, following the Bank of Japan’s decision to leave interest rates at their current level of 0.10%. The decision, combined with poor fundamental data out of both the US and euro-zone, caused investors to revert their funds to the safe-haven currency during the European session. Both the USD/JPY and EUR/JPY sunk to a one month low at 80.90 and 105.94, respectively.

Turning to today, the yen seems poised to add to its recent gains, as market sentiment remains bearish toward both the US and euro-zone. In addition, with no significant economic indicators set to be released today, the Japanese currency could extend its bullish momentum against its other rivals, including the British pound, Australian dollar and Swiss franc.

Crude Oil – Weak Chinese Demand Causes Oil to Drop

The price of crude oil fell during yesterday’s trading session, as China reported a drop in imports caused by weakened demand. Prices fell by about a dollar during the European session, reaching as low as $101.67 a barrel. Later in the day, the commodity staged a slight reversal and stabilized around $101.95.

Turning to today, traders will want to pay attention to the US Crude Oil Inventories figure, set to be released at 14:30 GMT. Last week’s figure came in at a surprisingly high 9.0M barrels, which was taken as a sign that demand in the US has decreased and resulted in the price of oil tumbling. Should today’s news show a similar rise in US inventories, oil may take additional losses going into the rest of the week.

Technical News

EUR/USD

While most long-term technical indicators show this pair in neutral territory, the weekly chart’s Bollinger Bands are narrowing, which is typically a sign of an impending price shift. Traders will want to take a wait and see approach for this pair, as a clearer picture is likely to present itself in the near future.

GBP/USD

The weekly chart’s Williams Percent Range is currently at -20, indicating that this pair could see downward movement in the coming days. That being said, most other long-term indicators show this pair trading in neutral territory. Traders will want to monitor the Relative Strength Index on the weekly chart. If it crosses above the 70 line, a bearish correction may take place.

USD/JPY

After tumbling in Friday’s trading session, long-term technical indicators show that this pair may extend its bearish run. The weekly chart’s Williams Percent Range and Relative Strength Index are both showing that further downward movement may occur. Traders may want to go short in their positions ahead of a downward breach.

USD/CHF

The weekly chart’s Slow Stochastic, Williams Percent Range and Relative Strength Index all show this pair trading in neutral territory, meaning that no major price shift is forecasted at the moment. Taking a wait and see approach for this pair may be the wisest choice, as a clearer picture is likely to present itself in the near future.

The Wild Card

GBP/JPY

A bullish cross on the daily chart’s Slow Stochastic indicates that this pair could see upward movement in the near future. The Williams Percent Range on the 8-hour chart has crossed over into the oversold zone, in what can be taken as another sign of an impending upward correction. Forex traders may want to go long in their positions today.

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

Source: ForexYard

Both gold and silver have recently enjoyed some gains whilst other markets including U.S Stocks and energy commodities moved in the opposite direction.The energy markets as well as U.S Stocks are closely connected to precious metals, and therefore it is not likely that we will continue to see a drop in these markets for much longer.

The price of the yellow metal climbed 1.02 percent to reach the $1,660 level whilst silver made similar gains of approximately 0.5% to $31.68.
Gold price rose on Tuesday by 1.02% to $1,660; silver also increased by 0.49% to $31.68. During April, gold declined by 0.67% and silver by 2.48%.

A number of financial reports are scheduled for release on Thursday and Friday which could stir up the markets and cause some movement. The European Central Bank monthly bulletin and the Australian rate of Unemployment are two significant reports that are due to come out today.

The ECB Monthly Bulletin examines the economic situation of the Euro Area including interest rate decisions,government’s debt as well as price stability. There is a possibility that the outcome of this report will indicate expectations of the economic growth in the Euro-Zone.

Australia’s Rate of Unemployment is a report which has the potential to affect the Australian Dollar which has a correlation with both gold and silver. The rate of unemployment appreciated to 5.2 percent in the previous report, and the unemployed figure showed slight gains to 16,400 for the month of February.

To conclude, both metals continued their general direction that we have seen over the last few trading weeks after experiencing downfall at the start of the week due to the FOMC meeting minutes. There are still a number of reports and economic events due to come out this week which could have an impact on both the currency and commodity markets.

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

By Central Bank News
Here's today's Central Bank News link list, click through if you missed the previous central bank news link list.  Remember, if you want to submit links for inclusion in the daily link list, just email them through to us or post them in the comments section below.

By TraderVox.com

EUR/USD

Eurozone Investor confidence plummeted in April to -14.7, which is lower than market expectation of -8.7. This has caused the cross to remain on the downside. However, speculations of QE3 which have been balancing the Euro weakness are set to be dispelled by Bernanke speech on Friday. We expect to see this pair closing the week on a low which is expected to continue to next week.

GBP/USD

The pair closed the week at 1.5858 after positive US data. The FOMC minutes did affect the pair pushing it down at the start of the week but this is set to change in the coming few days. We see the pair continuing to trade at the mid-1.58 range. However, reports from the US in the coming days may and sentiments from Ben S. Bernanke speech may see the pair trade lower.

AUD/USD

The Australian dollar has shed its gains as the BOJ halted speculations of additional stimulus. Consequently, we still remain bearish on the pair as traders wait to see the RBA decision on interest rate. In its meeting last month, RBA decided to wait for more economic data to decide whether it should review the interest rates downwards. The slowdown in China economic growth is expected to weigh down on the Aussie while we expect positive data from the US in the coming few days. This will push the cross downwards through to next week.

USD/JPY

Yen rose after Bernanke’s speech on Monday where he indicated that the economy still needs to be natured as it is not yet out of the crisis. In addition, the BOJ decided to pause its intentions to add make more bond purchases to weaken the yen. The USD/JPY pair is expected to remain neutral as we expect to see positive sentiments of the US economy as well as positive US reports.

USD/CHF

The greenback has increased against the Swiss Franc in the last few days and we expect to see this bullish run extended into the next week. The SNB is currently struggling to keep the 1.20 cap it had set for the euro.

Article provided by TraderVox.com
Tradervox.com is a Forex News Portal that provides real-time news and analysis relating to the Currency Markets.
News and analysis are produced throughout the day by our in-house staff.
Follow us on twitter: www.twitter.com/tradervox

By TraderVox.com

Tradervox (Dublin) – Yesterday, the Federal Reserve Chairman Ben S. Bernanke indicated that steps should be taken to deal with the risk of shadow banking that could take the economy back to where it has been if not checked. The Fed Chairman said that the economy is still weak and steps to avoid the scenario in the last few years should be taken.

He was giving a speech in Stone Mountain, Georgia. In his speech, he supported measures to increase the resiliency of forex market funds. This was in support of calls by Securities and Exchange Commission to require firms to maintain capital buffers or exchange shares at the market price rather than at 1 dollar fixed price. He also supported calls to monitor financial innovation and regulation of intraday credit in tri-part repo market.

During a regulatory overhaul in 2010, the Fed was given the mandate to safeguard stability by monitoring firms that would provoke turmoil in the financial were they to collapse. Bernanke highlighted that it has been 3 years since the “darkest days” of the US economy and indicated that the economy was far from pushing this situation in to oblivion. He said that the economy has not fully recovered and that these measures were necessary.

The Fed had indicated in a May 2010 Fed paper that an average of $2.8 trillion in securities had been financed during the 2008 tri-party transaction and during the first three months of 2010, the value of the securities had fallen to $1.7 trillion. During this period which saw the Lehman Brothers Holdings Inc. go bankrupt forced Bernanke to flood the financial system with liquidity opening facilities that could provide credit to money market funds, commercial paper market, primary dealers as well as mother dealers.

Bernanke has indicated the willingness of the Fed to guard against a decline in home prices to avoid another collapse of the house bubble witnessed previously. Bernanke said that the Consumer Financial protection Bureau will continue to provide additional protection to avoid similar events. The remarks by the Fed Chairman are have been construed as a way of Fed accounting for what it is doing to implement the Dodd-Frank Act.

Disclaimer
Tradervox.com is not giving advice nor is qualified or licensed to provide financial advice. You must seek guidance from your personal advisors before acting on this information. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. Opinions expressed at Tradervox.com are those of the individual authors and do not necessarily represent the opinion of Tradervox.com or its management. 

Article provided by TraderVox.com
Tradervox.com is a Forex News Portal that provides real-time news and analysis relating to the Currency Markets.
News and analysis are produced throughout the day by our in-house staff.
Follow us on twitter: www.twitter.com/tradervox

By MoneyMorning.com.au

We just wanted to give you a heads up about the very special – and very timely – presentation we’ve been working on. We’re pleased to say it’s ready and you’ll hear more about it in the days to come.

Right now we believe the market is packed full of astounding little companies, with great businesses, that are just waiting to be snapped up by risk hungry speculators. In fact, we haven’t seen this many great stocks trading for such cheap prices since the lows of 2009.

In the presentation we’ve prepared we’ll explain why, and we’ll also reveal five rising star firms that we believe could absolutely trounce the small cap index over the coming 6 to 24 months.

Of course, these aren’t just any old companies in any old sectors. These ideas represent the cornerstone of where we see great small cap value in 2012.

Looking Ahead

This year in Australian Small-Cap Investigator we are focusing on three sectors:

• Energy
• Technology
• Specialty metals

But as we’ve said, it won’t be any old stocks.

It has to be an energy company that’s doing something new…or exploring or producing in an unconventional place… or in an unconventional way.

We’re talking innovative energy stocks. Because it’s important to remember that innovation isn’t just about computers and the Internet. Innovation can involve using new methods to explore for a resource (such as shale gas or coal-seam gas).

That said, we’ve got our eye on the technology sector too. Because when markets and economies go through a real recovery, technology stocks are typically the stocks that lead the way.

Plus we’ll look further into the specialty metals sector.

This includes companies exploring for and producing metals such as rare earths, tungsten and antimony. If you’ve never heard of those, you’re not alone.

They’re obscure and rare metals. But they are vital to the global economy.

You can’t make flat panel TV screens, missile guidance systems, wind turbines or electric cars without rare earths.

Then there’s tungsten. In the form of tungsten carbide it’s used to strengthen drill bits and saw blades. And in the armaments industry it’s used to toughen bullets. Again it’s a vital metal.

And antimony is used in the production of flame retardants, with small amounts used in the semiconductor industry to make silicon wafers.

Opportunity Knocks

The volatile market has punished a whole bunch of stocks. And believe me, hundreds on the Australian Securities Exchange (ASX) have been hit hard…

The bottom line is this: We tip stocks when we believe they represent good value. And if need be, we sell stocks when they appear over-valued.

Because in this market it’s important to not only know when to buy stocks, but when to sell stocks too…

In short, central bank intervention and government bailouts have had the opposite effect to what was intended. Intervention was supposed to calm the markets and create less volatility.

But it hasn’t. Over the past three years markets have been just about as volatile and uncertain as they’ve ever been.

And that’s what has created the opportunity for you today.

We’ll have more on this during the course of the week.

Kris Sayce
Editor, Australian Small Cap Investigator

From the Archives…

Disruptive Technology Stocks For Smart Small-Cap Investors
2012-04-06 – Kris Sayce

ASX 200: This Market is Toast
2012-04-05 – Murray Dawes

Why Every Bank Will Soon Be a Tax Collector for Every Government Everywhere
2012-04-04 – Merryn Somerset Webb

Not Even Saudi Arabia Can Save Us From High Oil Prices
2012-04-03 – Jason Simpkins

Good News For Oil and Resource Investors
2012-04-02 – Dr. Alex Cowie

Three Sectors To Back in 2012

By MoneyMorning.com.au

Was it good while it lasted? A world where Australia dug, China made, America consumed and Europe united. Doesn’t matter much anymore. It’s over.

The really important questions are: what’s next? And what do you do about what’s next?

But First, When Did ‘It’ End?

At what point were the good times over? The answer might tell us when they’re set to begin again. So let’s ponder what marked the beginning of the end.

Perhaps the good times ended when the world went off the gold standard and onto the inflation standard. Perhaps the Great Depression of 1929 marks the point at which prosperity and stability began to look finite. After all, it also marks the birth of the idea that government intervention should deal with all problems, particularly recessions, rather than letting them run their course.

We’ve got a beef with that idea. Its growing dominance has seen recessions become steadily worse in terms of unemployment. Check out this chart from Zerohedge to see what we mean. You’ll notice unemployment seems to be worse and taking longer to recover almost in chronological order of recessions.

But the Great Depression and the gold standard are things of the past. In 2001 the bear market in US equities began in stealth – that could mark the end of our prosperous age. Take a look at this chart. You’ll notice we’ve been going sideways since about 1998.

Click here to enlarge

The layman on the street would say that our modern age of prosperity ended in 2007 and 2008 when the global financial crisis got hot. But Kevin Rudd and his cronies around the world had other ideas. They handed out cash, sometimes all too literally, to stimulate spending. So the hangover was dealt with by the hair of the dog treatment. In the Land of Oz, we didn’t even have a recession.

And so, you might notice, the point that will mark the beginning of the end of our brilliant run of prosperity may not actually be behind us. No, to quote the famous economist Frank Sinatra, ‘the best is yet to come’.

So what is going to mark the beginning of the end of prosperity, profits and stability? It will be, as it has pretty much always been, a sovereign debt crisis. In which country it starts doesn’t matter much. We’ll explain why in a second. But first, our best guess is that it will start with one of the PIIGS – probably Spain or Italy.

Speaking of PIIGS, we spotted a hairy one this morning running past our hotel room here in Malaysia. It didn’t look terribly bothered about Europe’s sovereign debt mess. So why should you care?

Well, it would be rather nice to know when the storm finally blows over, right? That point will probably mark the bottom in stocks. And it would be rather nice to put some money to work at the bottom.

But Before Then

For things to get booming again, the fundamental imbalances facing the world economy must unravel themselves. We mentioned some of them at the beginning of today’s Money Morning. For them to correct, Australian digging will slow, manufacturing will rebalance with consumption in China and America, and Europe will go back to being more like the French again. (Argumentative and oddly patriotic.)

All of those imbalances are in fact already in reverse. The Germans at our hotel kept to themselves, the Americans ate out because of the prices and we didn’t spot any Australian mining magnates. The Chinese guests were terrified of the monkeys, who exhibited the main successful investment technique of the ASX for the last few years – opportunism and scavenging off the back of a Chinese free lunch.

So, if the imbalances are beginning to correct, is it time to buy? No.

Even the monkeys took to the jungle when the storm clouds gathered. And they’re on the horizon again. Yes, many of the world’s imbalances are on their way back to normality. But those good old governments have fowled things up again with a new set of problems – sovereign debt.

What’s surprising about this shemozzle is that it’s not the slightest bit surprising. The three act play has so often been repeated throughout history. Bubble, financial crisis, sovereign debt crisis.

Usually what happens in the closing scene is that a combination of default and lots of inflation is used to get past the sovereign debt crisis. So if we’ve seen this all play out before, the investment solutions must be straight forward too. But you guessed it, this time is different. At least in this respect.

What we haven’t really managed to have before is a situation where most of the world is in a sovereign debt crisis at the same time. That has several implications, especially for investors.

Firstly, inflation usually helps countries struggling with sovereign debt in two ways. First, it makes the debt run up far less in real terms – because $1 today might only be worth 60 cents in the future thanks to inflation. More importantly, it makes exports more viable, as inflation weakens a currency – making export goods look like bargains to would-be buyers. And exports are good for growth.

But if everyone is stuck in the same hole at the same time – and everyone comes up with the same inflation solution – then the export benefit is lost. You might have seen this situation play out when the Brazilian President, Dilma Rousseff, complained to Obama about US monetary policy being too loose.

Add in the fact that issuing debt will become expensive for governments if markets get a whiff of inflation and you don’t get much of a benefit from inflation at all.

In fact, the higher the inflation, the more interest rates on government debt will rise, the more that interest will cost. That in turn will spur more inflation. The spiral could quickly reach levels that are so destructive to the economy that any export advantage from a cheaper currency is completely lost.

By this time, it’s likely central banks will have to fund governments outright – buying their debt with freshly printed money. Even more inflation.

And that’s just one scenario.

Another Option

But, maybe, after playing that sequence of events out in their mind, politicians around the world will decide to default instead. Rather than print money to pay off debt, they will simply repudiate the debt. That would mean we have a deflationary shock on our hands. A really bad one considering most banks of the world would cease to exist. A wipeout of sovereign debt would mean a wipeout of the banks’ net worth because they hold so much sovereign debt.

Predicting the obvious has never really been a strong point of politicians. Or economists. Still, we’re not sure a deflationary shock is off the table. That means you shouldn’t bet the farm on inflation in the meantime.

Nick Hubble
Editor, Money Morning

The Conference of the Year “After America” DVD

Why You MUST Speculate

Disruptive Technology Stocks For Smart Small-Cap Investors

Inflation and Sovereign Debt – Why The Best Is Yet To Come

Source: ForexYard

Tuesday’s trading saw big moves for the Japanese currency as it appreciated more than any other Major counterpart.

Fresh turmoil in both Italian and Spanish Bond markets assisted the Yen with its climb as well as aiding the U.S dollar.The greenback and the JPY are seen as safe-haven currencies as well as alternative options against riskier assets.

The Yen pushed for higher gains after the Bank of Japan kept its rate on the same level as previous whilst also moving ahead with no further action regarding policy easing.

The Euro as well as the Australian and New Zealand Dollar all experienced losses versus the Asian currency. The 17-nation currency dropped 1.3 percent against the Yen whilst the Aussie dollar dropped 1.6 percent and the Kiwi dollar also experiencing losses of 2 percent.

Despite the Yen’s dominance today, the greenback has shown gains of 4.9 percent over the JPY so far this year, assisted by Japan’s unexpected inflation target as well as a new asset-buying plan from the Bank of Japan.Gradual improvement in the U.S economy is also a key factor in the dollars gains this year.

Another factor which is partly responsible for the Yen’s rise is Germany’s 2- year yields which recently dropped below Japan’s for the first time.

Tomorrow, the Bank of Japan’s monthly report will be published as well as other economic reports including Germany’s 10-year Bund auction,Canadian housing starts, crude oil inventories and the Federal Budget Balance.

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.

Article by Investment U

Spain's debt crisis is a far greater threat to the Eurozone than Greece, just by mere size alone.

Spain is in trouble…

If you keep back-peddling on a cliff, there comes a point where you just run out of real estate.

I wrote extensively on the problems of Greece and its second bailout. With all the headaches that Athens gave the European Union and world markets, you knew that it was still a small fish. Italy and Spain were the big problems. Each were headed to an “economic bad place” down the road and there was no sufficient firewall set in place by either the European Central Bank or the European Financial Stability Facility to prevent this from happening.

ECB Measures Inadequate…

The European Central Bank’s emergency lending program launched at the end of last year was intended to give Europe’s troubled banks relief for the next three years. But just months later, we’re headed into another crisis – one larger than last fall’s drama…

The ECB allotted $643.18 billion in the first installment of the loan program – and this was more than investors expected. The loans went to 523 banks in the Eurozone to support bank lending and liquidity.

As Bloomberg’s Peter Coy wrote, “That’s the problem with trying to fix a solvency problem with liquidity – it doesn’t last. To put it in terms more familiar to a homeowner, it’s like borrowing more money to tide you over when the real problem is you don’t have a job.”

Not Much Confidence in Spain

A slide in Spanish stocks and bonds deepened as investors’ concerns that Prime Minister Mariano Rajoy may require international aid. Spain has become the focus of investor concerns with many worried about the ability of the government to push through a big austerity program at a time when its economy is heading for a return to recession and unemployment stands at a staggering 23%.

The yield on Spain’s 10-year benchmark bond has jumped nearly one percentage point since March 2, when Rajoy announced the government would miss its budget-deficit target this year. He set the target for 2012 at 5.3% of gross domestic product – lowering it from 5.8% under European Union pressure – instead of 4.4% and warned public debt will surge to a record 79.8% of GDP as it imposes the deepest austerity in at least three decades.

Here We Go Again…

There are some big issues going forward that someone is finally going to have to deal with. As I stated before, Spain – and Italy for this matter – are far more of a problem than Greece is just by mere size alone.

1. According to Citibank’s Willem Buiter, the reason Spanish sovereign debt was held in check for the last four months was due to the ECB three-year liquidity injection into the banking system, as Spanish banks are the main buyers of newly issued Spanish sovereign debt. When you have no new money coming in, you can’t finance yourself.
2. Spain is on track to fall into a similar self-defeating austerity cycle where austerity leads to negative growth and tax receipts, needing more austerity and ratcheting up the debt/GDP ratio just like in Greece.
3. The decline in Spanish land and property prices appears far from complete (probably less than half complete). The General IMIE Index, an indicator created by Tinsa to analyze the evolution of house prices in the Spanish market, increased its year-on-year decline in February, and fell by 9.5% – returning to the levels of 2004. The cumulative decline in the General IMIE Index from the top of the market in December 2007 was 27.1%. New property and real estate-related losses are likely to come their way as a result of further property price declines. The Spanish banks are unlikely to be able to absorb these losses

What to Take From This

It looks like we’re in store for some more European turmoil and uncertainty. What we hope is that EU dysfunction has been priced out of U.S. markets and that global issues won’t affect our banks – one of the provisions of the Fed’s stress tests last month.

But another immediate EU sovereign debt crisis would definitely have a more adverse effect on China and certain emerging markets. This is something to definitely keep your eye on when investing in the upcoming months.

Good Investing,

Jason Jenkins

Article by Investment U