Weekly Positions Update – 12/16/07

The Contrary Investing Report

Investing and Trading News, with a Contrarian, Sarcastic Twist!

A USDA cotton report looks neutral in terms of cotton acreage. Traders have been poring over the report, looking for indications that the cotton crop will get the cold shoulder in lieu of higher priced grains. I agree – that’s what ‘should’ happen. Though I’m waiting for a breakout (20-day high) in the cotton market […]

Read More

It’s all going to China! Surprise, surprise. Nice article detailing what you could probably infer – meat demand in China is increasing rapidly. It’s interesting to think about all the downstream ramifications – increased grain and water demands. The beauty of a true bull market!

Read More

I’ve been all fired up the last couple days about Comrade Paulson’s housing bailout – Paulie, are you kidding me??? Instead of ranting and raving myself (it could get out of hand), here’s a roll call of the excellent articles I’ve read this week putting the plan in perspective (a very scary perspective if you […]

Read More

These nice long term log charts from GoldMoney.com help put the current bull market in perspective. Some high level takeaways for me: This is a tough market to play around on the short side of – long only for me It’s important that your entries and exits keep you in the game for these nice […]

Read More

Hopes for a near term Aussie bounce are looking dimmer – from today’s Daily Pfennig: In Australia overnight… Retail Sales slowed for a second month only advancing .2% in October, although September’s sales were revised upward to .7%, this October reading has put a lid on any rate increase before year-end… The Reserve Bank meets […]

Read More

I read an interesting counterpoint to the “oil is never going lower” argument this morning in my morning Stratfor brief (subscription required). Here’s a quick summary: In the ’97 – ’98 Asian financial crisis, crude fell as low as $8/barrel High oil prices today depends upon continued growth of Asian economies The questionable characteristics of […]

Read More

From Today’s Daily Pfennig: The Australian dollar fell over the weekend as a combination of the unwinding of the carry trade and reports of a widening trade deficit combined to work against the AUD$. The currency also weakened as the price of commodities that Australia exports stayed near the lowest in two months. The trade […]

Read More

About Author

Brett

Hi, I’m Brett Owens – and I’m a financial junkie. My “problem” started incollege, when I got a little dose of the stock market – man, was I hooked…in no time, I was reading the Wall Street Journal religously.

Sign up for our Newsletter

Categories