Investing and Trading News, with a Contrarian, Sarcastic Twist!
Did China kick off the next bull market in cotton? It’s been a rough go for King Cotton over the past couple years. Since hitting post-Reconstruction highs in early 2011, it’s been a LONG way down (paging Sarah McLachlan). But now that the king appears to have found a nice pillow to rest his head […]
Coffee futures looked like they’d turned a corner – until the caffeine of the latest short covering rally wore off today: Apparently those 5 Hour Energy commercials were right. (via BarChart.com) Coffee’s been in a bear market for nearly two years now, after topping the $3 mark in early 2011. The contrarian in me thought that […]
Facebook has quietly carved out – and bounced up from – solid support in the high teens. Signs that monetizing mobile may not be as hopeless as previously thought have helped buoy a FB rally of 50% since September. So should we buy or sell FB here? The correct answer may be both – as […]
Mrs. Watanabe, welcome to Abenomics 101. Christmas in Japan is a widely celebrated, yet discreetly racier, holiday than its American counterpart (think Valentine’s Day, for mature audiences). This holiday season the party is expanding to Japanese financial markets, as Mrs. Watanabe tosses her panties at new Prime Minister Shinzo Abe, who has vowed to fight […]
Gold Resuming Long-Term Up Trend? by Carl Swenlin On the weekly chart below, we can see that, after making a new, all-time high back in August of 2011, gold went into a correction/consolidation mode, ultimately forming a descending triangle. While this formation suggests lower prices (the flat line is the weakest), price broke up through […]
Many investors are betting on social unrest, soon. Gun manufacturers Smith & Wesson (SWHC) and Sturm, Ruger & Company (RGR) are close to new breakout highs – check the trend on the multi-year charts: These two charts correctly predicted US election results long before the final votes were tallied. (via StockCharts.com – click to enlarge) […]
Since Obama’s re-election, Marc Faber has been on an absolute tear, predicting PAIN for all involved in the global economy and financial markets (basically everyone on planet Earth). His latest interview is a beauty – which he began by telling the CNBC anchors that they should open up a psychiatric clinic because they make everyone […]
Top commodity trader Peter Brandt writes that gold is entering the next leg up in its bull run, evidenced by its recent breakout vs the Swiss Franc, which he uses as a leading indicator for the price of gold in general. He sees a breakout for gold vs the Swissie on the daily, weekly, and […]
A new report from the International Energy Agency expresses perhaps the most bullish “official” outlook on US energy production in recent memory. The IEA projects US oil production to surpass Saudi Arabia’s by 2017, ultimately resulting with the US as a net exporter of oil by 2030. By around 2020, the United States is projected […]
Intel looks like it may be finally carving out a bottom, after a relentless decline (by blue chip standards) that saw it give back all of its 2012 gains. The specter of a post-PC world continues to weigh heavily on INTC – the result of which is a stock that is FREAKING CHEAP! Who ever […]
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