Investing and Trading News, with a Contrarian, Sarcastic Twist!
Alright, so you’re all spun up on investing in the Chinese renminbi (yuan). Short of flying to Shanghai, many folks have asked – how the heck do I buy the renminbi? Good news – EverBank now allows you to open an account denominated in Chinese renminbi. Click here to learn more. In case you’re not […]
This has got to be one of my favorite Faber interviews in recent memory. And Faber telling it like it is sure exposes the CNBC crew as the Keynesians they are, I have to say. Enjoy! “Only at the Federal Reserve is there no inflation!” (Followed by a dramatic glare, then smile).
Welcome aboard the commodity bull, Jeremy Grantham! In his latest quarterly outlook letter, the acclaimed money manager (and excellent newsletter writer to boot) laid out a very convincing case for commodities. You can read Grantham’s Q1 2011 letter here (for Part I) and here (for Part II). I found these points of his to be […]
When you get waxed 30% in a couple of weeks, what good news could there be? Here’s the bright-side – for the silver bulls that didn’t get margin called, you’ve seen solid support at the 50-day moving average (blue line below) over the past 24 months: Everytime silver has touched its 50-day MA over the […]
Anecdotally, I’ve been hearing reports and thoughts that the US housing market, if not at a bottom yet, should be close to one. While this may be true for certain markets, it doesn’t appear that a base is being formed, at least yet, across the board. From the WSJ: Home values fell 3% in the […]
On our trip to Asia last month, my wife and I made a last-minute call to make Hong Kong our first stop. I have a good friend from college who now works there. He took an investment banking job in HK, and then moved to Singapore, The Phillipines, and just moved back to HK to […]
This morning, while walking my weimaraner Banjo around midtown Sacramento, I cranked up my Android and caught a great interview with Felix Zulauf by Jim Puplava for his Financial Sense Newshour. Felix shared his thoughts with Jim on inflation risks, world central bankers, the precious metals, a buying opportunity in uranium, and China. You can […]
We should always be careful when everyone is on one-side of a given trade…just ask anyone who went into last week long silver! Regular columnist Sy Harding returns this week, cautioning against the current prevalent belief that all stock dips are to be bought. Here, he shares his thoughts about the disappointing economic numbers, along with […]
Courtesy of our good friend (and now intrepid roving reporter) Jonathan Lederer, here’s an exclusive scoop on Gary Shilling’s commentary from last week’s Altegris/John Mauldin Hedge Fund Conference in La Jolla. 1) Deleveraging has barely begun and will last for many more years due to the huge growth in credit since the 50s 2) He still […]
Despite repeated rhetoric from Beijing that the renminbi’s rise would be slow and orderly, this snowball appears to be gaining real momentum, as evidenced its past month’s performance versus the buck. Beijing is now admitting that curbing inflation is their top priority: China’s yuan traded near a 17-year high after the central bank reiterated its […]
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