Investing and Trading News, with a Contrarian, Sarcastic Twist!
The Wall Street Journal reports that the Commodity Futures Trading Commission is considering introducing position limits for “all commodities of finite supply.” Uhhh…wouldn’t that just be all commodities? Anyway, let’s get a quote from CFTC Chairman Gary Gensler: “My firm belief is that we must aggressively use all existing authorities to ensure market integrity.” Sounds […]
Our friend Tom Dyson over at DailyWealth says that something may be happening in the world of lumber, according to one of his industry sources…Tom writes: I have an “on the ground” contact who’s seeing something else altogether… Don runs a large lumber supply depot outside Orlando. Last week, he sent me a “special commodity […]
It might be time for us to grab a pint…and short one of our favorite whipping boys once again. The British Pound – the only currency that may actually be sicker than the US dollar (two turds circling the bowl really) – looks like it’s recent rally may be running out of steam. Grab a […]
If there’s one thing to say about the crude oil market, it certainly trends well…both ways. Check out this chart: Crude oil takes a turn lower. (Source: Barchart.com) We’ve been hearing energy gurus for weeks scratching their heads, saying there’s plenty of crude to meet demand today. But prices kept on climbing. Well, now prices […]
Welcome back from the long weekend – I hope you had a great 4th celebration. Even us folks who are not so keen on the Federal Government can appreciate many of the founding values of our country…despite how frustrated it is when Constitution seems to be a forgotten document…in a world where “whatever it takes” […]
Just caught the latest Marc Faber TV interview on Bloomberg. Some quick notes on his thoughts: Believes the March 6 stock market lows were major lows for awhile If the S&P drops towards 800, we’ll see new stimulus plans and loose money…and if it drops towards 700, we’ll see even more…thus the lows are likely […]
Nice dive into the current technicals of gold by commodity expert Brad Zigler at Hard Assets Investor. Brad takes a look at Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and good old fashioned Volume. Down to earth explanations of these indicators can be tough to come by, but this piece will give you […]
My dad, regular blog reader and link contributor, just sent me a classic “stocks for the long run” article, published over on Fidelity.com. This piece is a real gem – with the author genuflecting at the feet of the chief stock cheerleader himself, Mr. Jeremy Siegel, author of Stocks for the Long Run. We’ve even […]
Great Dennis Gartman interview over on The Globe Investor. Here are a couple of quick hits, and you can find the full interview here. Gartman’s thoughts on: Gold: Someone or something is leaning on gold at $980-$1000 and I’ll let that seller be sated before I venture back to the long side. So will I […]
The smallest acreage for cotton in 26 years has propelled the fluffy material “limit up” for the day, in what amounted to almost a delayed reaction from traders, as cotton was initially down yesterday when the report came out. Likely due to the weakness shown by the other grains. You’d think that with cotton supplies […]
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