With lyrics ranging from the sensitive to the down-right rowdy, and influences stemming from Weddings Parties Anything, Flogging Molly, The Bushwhackers, Paul Kelly and The Dropkick Murphys, Shanks Pony are able to pull off a huge sound with only four lads on stage.
Referred to as the Australian version of The Pogues, they are a band that knows how to have fun, combining on-stage antics with up-tempo music.
Taking it one step further Shanks Pony has had a crack at traditional Aussie bush-folk tunes breathing new life into almost seemingly forgotten tunes. Their modern approach to songs about well known Australian bush rangers, sheep shearing traditionals and the Australian lifestyle has brought these old tunes back into the 21st century.
A sound that is distinctively Australian with celtic roots fueled by beer chugging choruses, the term COLONIAL ROCK might be a better fit.
The band was originally formed in 2005 having their first performance in April that year. Since then, there have been many line up changes. Roughly 15 different musicians playing along the original two members Pete and Todd, with Haydn also being a long standing member of the band since December 2005.
Shanks pony are most notable for entertaining crowds at Fenians Pub in the city of Perth, with a Saturday night residency that lasted 9 years.
Shanks Pony is an idiom meaning to walk; to “travel by shanks pony” or “ride on shanks pony” is to walk to your destination. Older forms of the phrase include shanks nag and shanks mare, using different terms for horses.
The shank is the lower part of the leg, now more commonly referred to as the calf; hence the term references travelling “by leg”.
Using modern statistical techniques such as Fourier Transforms, trigonometric & Array analysis, Cycle Trends searches for cycles within the data stream of the stock under analysis, establishing its strength and reliability, and then projects the cycle into the future, forecasting tops, bottoms and trend reversals.
Cycle Trends uses three specialized indicators for performing the cycle analysis. Cycles-Trig or Cycles-Array, Trendic and TrueOBOS. In the two case studies below, Cycles-Trig has been used.
Cycles of a specific shape viz. a sinusoidal shape are fitted into past data via trigonometric regression. The best ones are chosen by the program and then projected into the future zone. The purpose is to establish the peaks, low points, and the trend of the stock under analysis.
Overbought or oversold levels are established by measuring the deviation from the Fourier trend (blue line on the graph) in a very special and statiscally sound way.
The thin red line and green lines are one MAPD (mean absolute percentage deviation) away from the 0-degree line and the thicker lines 2 MAPD's away.
If the indicator is below the green lines a potential buy zone is established and above the red lines a potential sell zone.
Trendic is another way of finding cycles, but specifically only harmonic cycles. Trendic is not a forecaster but a confirming indicator, though traders do use it for buying and selling. A positive signal is generated when Trendic moves above 0, and negative when it moves downwards through zero.
In broad general terms these three cycle indicators should confirm turning points in the time series, before an investment decision is made.
Stocks tumbled in the United States on Monday July 22, plunging the Dow Jones Industrial Average to levels last seen in 1998. Falls were again triggered by worries over corporate scandals and warnings of poor corporate earnings.
Analysis of the graph below, taken on July 22, indicates a strong buy signal for the Dow, and stocks included in the index.
The graph in the top box is the price defaulted to a line of daily closing prices. Underlying this graph is a smooth green line. This is the Fourier line, around which the cycles are filtered and calculated.
Box 2 Contains a line graph of the trigonometric cycles. The line is a combination of the 22 cycles that have traced the peaks, lows and trends of past data.
The cycle low is clearly seen at point 'A' with a strong rise projected and forecasted in the future zone for the next month.
Box 3 This box contains TrueOBOS; the overbought/oversold indicator derived from cycle analysis. The indicator is well below the thick green line, at a severely oversold "buy" level.
Though the indicator is at -75 degrees, it turned up 2 days later to go past zero to confirm the cycle low and "buy".
Shortly after touching 1295c in May 2002, City Lodge declined to close at 1160c on July 29, 2002. Based on the cycle graph below, it was clear then that the bear trend was over and that City Lodge was due to recover.
The cycle line in the future zone is turning upwards, forecasting that the recent rise of City Lodge from a low of 1125c was set to continue.
The indicator has risen from the light green oversold line, corresponding to the cycle low in Box 1.
This box contains the Trendic indicator derived from the incline (slope) of the Fourier trend, seen as the green line in Box 1.
It is clear in this graph that the trendic line has turned up through the zero (0) line confirming the change in trend of City Lodge.
NEW DELHI/SHANGHAI, Nov 16 (Reuters) - India's Vedanta Ltd has been selling copper concentrate on the spot market from stockpiles at its Sterlite smelter, a company official said, after the facility was forced to stop operating earlier this year amid pollution concerns.
The company is disposing of around 70,000 tonnes of copper concentrate that have been lying unused since the closure of the plant, the official told Reuters on Thursday. He declined to be identified, saying it was against company policy.
The Tamil Nadu state disconnected the smelter's power supply in May following anti-pollution protests that turned violent and culminated in the police opening fire, killing 13 protesters.
The company has denied that the plant, India's second biggest copper smelter located in the port city of Thoothukudi, pollutes the area.
The closure of the plant has disrupted Asia's copper market. But traders expect it to restart in 2019, saying the selldown of stockpiles was likely to be because the company is looking to raise cash and square its books before year-end rather than a sign the facility would not reopen.
Spot treatment and refining charges (TC/RCS), which miners pay smelters to process their metal, have moved to two-year highs at $91.50 and 9.2 cents according to Asian Metal, up by a quarter from five-year lows touched in April.
That is higher than benchmark terms for next year that were agreed this week. Chinese copper smelter Jiangxi Copper and miner Antofagasta agreed 2019 copper treatment and refining charges (TC/RCs) at $80.80 a tonne and 8.08 cents a pound, three sources familiar with the matter said.
(Reporting by Mayank Bhardwaj in NEW DELHI, Tom Daly in SHANGHAI and Melanie Burton in MELBOURNE; Editing by Joseph Radford)
Jasco is a South African company that delivers smart technologies across the disciplines of Telecommunications, Information Technology, Energy and Industry. By leveraging synergies between these disciplines, Jasco is able to deliver complete end-to-end solutions. The...Read More
08/11/2018 JASCO ELECTRONICS HOLDINGS LIMITED - Update to tthe audited results for the year ended 30 June 2018
The primary business of Transcend is focused on acquiringincome-generating residential properties, with a focus on housingopportunities that are affordable, lifestyle enhancing and welllocated in high growth urban areas. Transcend holds a portfolio of 13 properties,...Read More
08/10/2018 TRANSCEND RESIDENTIAL PROPERTY FUND LIMITED - Acquisition of 2,159 residential units and update on previously announced acquisitions
24/08/2018 TRANSCEND RESIDENTIAL PROPERTY FUND LIMITED - Unaudited condensed interim financial statements for the six months ended 30 June 2018
Editor of TrueWealth Publishing Asia with close to 25 years of experience in investments and finances, warns not only investors but also everyone in general as the next Federal Open Market Committee meeting is just round the corner.
As much as world economists have been saying that the general market has already factored in the US Fed rate hike, we are seeing that each time the Feds postpone the rate hike, we would see movements and volatility.
Next week, the US central bank, or Federal Reserve, will begin raising interest rates. Even if you don’t live in the US, this means that your cost of borrowing – for cars, homes, credit card debt and anything else – will probably increase as well. The U.S. Federal Reserve (the Fed) cut interest rates to close to zero in December 2008.
It was a last-ditch effort to stabilize the U.S. and the global, economy in the middle of the global economic crisis. Fortunately, it worked. But it’s taken eight years for the Fed to feel like the American economy is strong enough to survive higher interest rates. This interest rate hike is one of the most anticipated events in the world of finance in years.
When the Fed raises interest rates, it doesn’t directly make people’s mortgages or credit card debt more expensive. Instead, the Federal Reserve increases what’s called the Fed rate. That’s the interest rate the central bank charges to lend money to other U.S. banks. So, when the Fed raises interest rates by a quarter of a percentage point after its December 15-16 meeting, it won’t take long for banks in the U.S. to do the same.
But this is not just an issue for the American economy. Central banks around the world often follow the lead of the Fed, as the world’s largest economy in many ways sets the tone for central banks everywhere. In recent years, many countries have experienced a long period of low-interest rates, as the graph below shows. Investors’ Takeaway
As the U.S. raises interest rates, many other countries, in Asia and elsewhere, probably will too. This will be good for banks’ profitability. It will also be good for people who save money, as the interest rate they earn will probably rise.
But it’s bad news for sectors of the economy that are sensitive to interest rates, like real estate. A very large portion of the property market is funded by mortgage loans, and a higher rate of interest means higher payments. It’s also bad for borrowers, who will see their interest payments on credit card debt, student loans and other debt increase.
Kim Iskyan, the founder of Truewealth Publishing, has close to 25 years of experience as a stock analyst, hedge fund manager, political risk consultant, and financial columnist in more than half a dozen emerging and frontier markets. He has been quoted in the Economist, The New York Times, the Wall Street Journal, Barron’s, and Bloomberg, and has appeared on Fox Business News, China Central Television, Bloomberg TV, and elsewhere. Kim has written commentary for the Wall Street Journal, Slate.com, Salon, TheStreet.com, breakingviews.com, and other publications. He is now based in Singapore as the Editor of Truewealth Publishing’s Asian Investment Daily, which provides actionable insight about investment, finance and economics in Asia.
With a Communications background, Vance has the passion to write with a purpose - to provide content supported with substantial evidence to vested readers.