Investing and Trading News, with a Contrarian, Sarcastic Twist!
More than 5 million jobs have been lost in the US since March 2008…now you can relive the memories with this neat resource. Chris Wilson of Slate put together a very cool interactive map that illustrates regional job gains and losses for the past 2+ years. If you felt cheated by the Swine Flu’s inability […]
Last week, with oil pushing $60/barrel, CNBC asked the question: Is oil going to $300? On cue, crude fell this week, to close at $56. CNBC can have an uncanny ability to signal short term tops. Where is crude heading from here? Some folks believe the bullish supply/demand fundamentals that drove crude north of $140 […]
Ben Bernanke was right – if you put your mind to it, and print enough money, you CAN prevent deflation. New CPI numbers show that the core CPI (excluding food and energy, which nobody really uses anymore) actually jumped 0.3% last month, their largest increase since June 2008. About 40% of that increase came from tobacco […]
Our buddy Brian Hunt pointed out in yesterday’s DailyWealth that gold stocks are breaking out. GDX, the ETF for gold stocks, has more than doubled off it’s late October lows, and is not perched at its high water mark since August 2008. Gold stocks are on the move So should we sell in May and […]
This is – by far – one of the stupidest things I’ve ever read. This gem came in a monthly e-zine sent out by a real estate agent who got her hooks into me after the housing bubble started to pop, smelling fresh virgin real estate blood in the waters. Needless to say, we’re still […]
Marc Faber says that investing in agriculture today will be like investing in oil in 2001, when it was priced at $17/barrel, according to The National Post. Faber says that record low inventories, declining agricultural productivity, and increasing demand for food will drive prices higher. The falling productivity line is especially interesting…Faber says productivity in […]
Great rant from Richard Russell today on the company that runs our Federal Government – Government Sachs: It’s now obvious that the Fed and the Treasury want, above all, to save the banks. Everything else is secondary. It’s also increasingly obvious that the bankers own the nation and that Goldman Sachs runs the nation and […]
If you have the majority of your savings in US dollars, this may be the most important insight you ever hear from Jim Rogers. In an interview with Bloomberg from this morning, Rogers said: “We’re going to have a currency crisis, probably this fall or the fall of 2010. It’s been building up for a […]
Here’s a fantastic – and free – webcast, courtesy of Frank Holmes and the team at US Global Investors, entitled Commodities: Reasons to Be a Bull When Everyone’s a Bear. It was originally recorded on April 21st. It runs almost an hour, and is definitely worth a watch if you are a serious commodities investor. […]
When CNBC starts asking if oil will hit $300 anytime soon, that probably means we’ve got a short term top in place. In fairness to Kevin Kerr – I think very highly of his commodity insights, and this interview is worth watching…his points are all good ones. However if you’re contrarian trading against CNBC […]
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