Weekly Positions Update – 11/11/07

The Contrary Investing Report

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

The long term outlook for gold looks quite promising. First, from Agora Financial’s 5 Min. Forecast: Open interest in NYMEX’s (COMEX) gold futures contracts breached an all-time high of 500,000 this week. Never have so many traders been betting for — or against — gold than right now. So… you might ask… where’s the smart […]

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Forgot to update over the weekend – quite a week last week! Most of the gains were thanks to the currency rallies. I picked up an Aussie $ contract this morning so that I can track it – don’t plan to add to it unless it drops. Date Position Qty Month/Yr Contract Strike Call/Put Entry […]

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On Friday I sold all of my Euro and Aussie $ positions. Both ended the week in a flurry, with the Euro topping 1.44 and the Aussie $ topping 0.92. This rally was thrilling, but ultimately made me too nervous to stay in the positions. Everyone today is bearish on the dollar – and when […]

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It was a nice buying opportunity for some currencies yesterday, but the window didn’t stay open long. I’m glad I had time (and the guts – it wasn’t an easy call) to pull the trigger. From the Daily Pfennig’s Chuck Butler:“Good day… And a Terrific Tuesday to you! Well… I sure received a shock yesterday […]

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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.

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