Investing and Trading News, with a Contrarian, Sarcastic Twist!
Trading is tough – really tough. When you’re making money, it feels like the easiest thing in the world. It’s a great feeling – almost intoxicating, really. Like you’re printing money from nothing! Then, inevitably, you get cocky. And you lever up. And sooner or later, a trade goes against you…or two, or three. And […]
I saw a familiar sight on the charts today – green for the dollar, and red for just about everything else. This was a very common sight last fall and winter. This currency picture, courtesy of Barchart.com, used to be an all-to-familiar one. Then when the famous “March 6” lows held, and spring sprung, we […]
I have to admit – I think the Great Deleveraging permanently seared my psyche. I haven’t been the same since. It’s for the best. Until you live, and invest, through an event like that, I don’t think you can appreciate the awesomeness of the destruction. A history book just doesn’t do it justice. When it […]
One of my favorite commodity analysts to track is Jurgens Bauer, especially for his thoughts on the softs. I used to frequently post links to his columns when, I think, he wrote for Barchart.com, or was at least syndicated through them. He’s since moved on, and I was happy to see his name popup as […]
What’s the cheapest commodity on the board right now? It’s probably a toss up between cattle and natural gas. Both are beyond beaten down; both are at near historic lows; both are just cheap. That doesn’t mean they can’t get cheaper. But if you’re looking to make some big bucks in commodities, it’s usually wise […]
So is the money supply increasing, or not? Ambrose Evans-Pritchard of the Telegraph writes that US credit is shrinking big time – at it’s fastest rate since…drumroll…the 1930’s. Professor Tim Congdon from International Monetary Research said US bank loans have fallen at an annual pace of almost 14% in the three months to August (from […]
Solid interview by Marc Faber on GoldSeek Radio last week. My notes are below, and you can listen to the interview yourself at the 1 hour mark via this link: http://radio.goldseek.com/ Overall, Faber thinks we’ve reached the bottom of the economic valley, but doesn’t expect a robust economy anytime soon Bernanke’s record as a forecaster […]
Mark Twain famously said “History doesn’t repeat itself, but it does rhyme.” Several weeks ago I observed that we appeared to be exactly on the pace with 1930. From the stock markets furious rally, to the Fed generating inflation fears, to the self-congratulatory economic comments of leaders proclaiming “the worst is over”…it all seemed to […]
Last month, we posted this You Tube medley of Ben Bernanke’s “Greatest Hits” from the last 2+ years. The video’s title “Bernanke: Why are we still listening to this guy?” probably says it all. Well get ready, because Ben’s hopping up on his soap box yet again. Check out this Wall Street Journal headline from […]
On Tuesday evening, we had our monthly meeting of local Casey Research subscribers. Really sharp investment minds in the group – it’s a real pleasure and treat to chat about a wide variety of finance and investing related issues. The general consensus of the group (fairly contrarian in nature) is that gold and cash are […]
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