Investing and Trading News, with a Contrarian, Sarcastic Twist!
Hong Kong Monetary Authority (HKMA) intervened yesterday against the recent rise of the HK dollar. The HK dollar is pegged at a ratio of 7.8 to the US dollar, but is allowed to trade in a range from 7.75 to 7.85. The top of the range was hit, and the HKMA stepped in to lay […]
Those GWRE calls gave us more than a bit of a scare in terms of getting our shares called away, as Guidewire reported blockbuster earnings and the stock spiked last month. Since then, shares have eased back below the 30 mark, giving us a textbook example of why selling covered calls against shares you want […]
We haven’t heard the “D” word tossed around in a little while! What a welcome Saturday morning change up, as market technician Frank Barbera explained to Jim Puplava that the markets could be facing a deflationary headwind in the near term. Barbera cited the diminishing effects of each QE event (a point also made by […]
The world’s greatest living money printer, Zimbabwe’s Gideon Gono, recently commented on the parallels between the Fed’s continued quantitative easing programs and the policy he has pursued while pancaking the Zim dollar over the last decade. From Mises: These interventions which were exactly in the mould of bail out packages and quantitative easing measures currently […]
Lessons from the 1987 Crash by Carl Swenlin It has been 25 years since the 1987 Crash, and I thought it would be a good time review a few things that probably won’t be covered elsewhere in the media. I may have covered these issues in the past, but a refresher can’t hurt. (This is […]
Congratulations to our friend Aaron Klein and his talented Riskalyze team for their feature in Barron’s – it only took two Riskalyze stories on this site to finally tip them off! We covered the 2nd release of Riskalyze in February – you can see my full product review, and ill-advised stock picks, here. Aaron recently […]
Faber starts the interview in his salty Swiss accent asking “Mr. Jimmy Rogers, who has been so bullish on China for years” to defend the 60%+ haircut we’ve seen in the Shanghai index since 2007. Rogers response? “Marc, it’s the middle of the night there – what are you at the disco? (Laughing) Where are […]
Our covered call sale on Guidewire is backfiring a little bit – the stock keeps going higher! An excellent quarterly earnings report is to blame. Guidewire keeps on closing deals and collecting recurring checks from existing customers. The result: GWRE has rallied from $26 to $32.15, straight through my strike price of 30. So the […]
Bridgewater’s Ray Dalio disagrees with Warren Buffett on gold, telling CNBC that it’s “the new cash.” “Gold should be a part of everyone’s portfolio to some degree,” he said. “It is the alternative money.” Dalio cites money printing as the reason why gold is now better than cash. And when asked about Warren Buffett’s aversion […]
Two new Jim Rogers interviews hit the wires this week. The first, courtesy of Mineweb, saw Rogers cite the current commodity pullback as nothing more than a blip in the broader bull market: This is nothing more than a blip. The bull market will continue until a lot of supply comes on stream and the […]
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