Investing and Trading News, with a Contrarian, Sarcastic Twist!
The Financial Post reports that for the first time since the Fukushima disaster, the long-term price of uranium has finally turned up. According to trade publication Ux Consulting, the term price rose to US$61.50 a pound this week, up 2.5% from US$60.00. Ux’s long-term price covers material that will be delivered more than two years […]
While we’ve all been paying attention to the recent abundance in natural gas, coal demand and prices have quietly dropped – quite significantly – as a result. There is an interesting dynamic going on in these markets. Like bad high school friends, they are keeping each other down at every potential advance! Our energy guru […]
By Chuck Butler, EverBank Good day. I got all my “home alone” chores done last night, of course after going home and taking a nap! It’s still blazing hot here, but when you work inside all day, it doesn’t matter much. But since I once had a job as a young man, in the hot Oklahoma […]
Dr. Copper may get all the attention as a famed economic forecaster, but right now his poor cousin Dr. Platinum is attempting to drive its platinum dependent automobile straight off the nearest cliff! Platinum prices have been in complete freefall this spring: A spring to forget for platinum (Source: Barchart.com) A freefall which becomes especially […]
One of the many benefits of living in beautiful Sacramento, CA is the access to local produce. We receive two CSA (Community Supported Agriculture) boxes each week from nearby farms that contain beautiful fruits and vegetables that are far tastier than any you’d find in a conventional grocery store (at a competitive price to boot). […]
Don Coxe got on the horn with Eric King at King World News yesterday to share his latest macro outlook. Coxe’s blend of historical and economic acumen, expressed in a thoughtful Canadian tongue, is always a treat. He’s a gold bull, and is especially keen on mining shares as a “20-year call option” on gold […]
By Chuck Butler, EverBank The dollar is moving onward and upward this morning, as the two-day calm in the currencies was lifted overnight, and the dollar is swinging its mighty hammer once again. The euro (EUR) has slipped to its lowest level since August 2010, and we all know that when the euro is taking its […]
Famed short seller Jim Chanos’ comments about Dell are looking spot on after the PC maker reported first quarter earnings. Chanos recently predicted that PC makers like Dell would look cheap the whole way down…we’re about to find out really quick, because Dell is in free fall! The trend at Dell is even worse than […]
Dollar UP. Everything else DOWN. Sound familiar! Forget Facebook – this is the real financial story. There has not been a lot of green on many screens of late, except for one castoff – the buck. Call it what you will – the best house in a bad neighborhood, the flight to safety – fact […]
John Hussman expresses deep concern about stocks at current valuation levels in his latest (excellent) piece. Contrary to what’s reported in mainstream financial media, stocks are actually quite expensive by all historical standards he says. Present market risks involve a confluence of factors. First, valuations remain unusually rich. Though prospective returns are better than at […]
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