Investing and Trading News, with a Contrarian, Sarcastic Twist!
Great piece of coverage here by the Onion News Network, as they uncover a desperation move by the US Treasury to raise funds by trading gold reserves through Cash4Gold.com. Enjoy! US To Trade Gold Reserves For Cash Through Cash4Gold.com Hat tip to our friends at The Daily Crux for finding this gem.
It’s been a manic start to the week for commodities and currencies…deflation was “back” yesterday, with investors running back to the dollar…and today inflation was the focus, with the dollar getting dumped! Last evening, we observed that sugar was standing tall amidst an across the board selloff in commodities. Well today, that strength carried through […]
Well, we sold our gold stocks after May this year, on cue with the old addage “sell in May and go away.” We were alarmed that the gold market appeared to be looking a bit toppy, at least in the short term, so we took profits and went to the sidelines. And now we’re “safely” […]
You know the economy is bad when even the porn industry is battening down the hatches… Mediabistro.com reports that AVN Media Network Inc., publishers of trade journals for the adult entertainment industry, announced plans to consolidate four of their six monthly publications into a single monthly magazine. Never fear, skin fans. The oldest industry in […]
Mama said there’d be days like these…though you may have thought they were a thing of the past. With the DOW dropping 200 points on the day, and commodities down across the board, the “flight to safety” positions stood tall, just as they did during the darkest days of the Great Deleveraging of 2008. Yes, […]
Buy and hold. Stocks for the long run. Diversify. These investment mantras were gospel during the great bull market of the 80s and 90s. Drinking this Kool-Aid will get you slaughtered today. There is no freaking way I would “buy and hold” anything right now. Too dangerous. Buy and hold hasn’t worked over the past […]
Nice scoop on the Australian dollar from our favorite currency analyst, Everbank’s Chuck Butler: And under the heading of “dirty float”… The Reserve Bank of Australia (RBA) is reported to have sold the most A$’s in the month of May, since February 2004! Now, go back to May and recall the move in A$’s… The […]
The LA Times reports that corn supplies are tightening, with supply/demand projected to be “upside down” this year: This year’s harvest is expected to yield 11.9 billion bushels, down 155 million from last month’s projection. The decline is due to soggy weather in such corn-producing states as Illinois, where farmers have delayed planting. Total use […]
Last week, Marc Faber wrote an article for The Daily Reckoning, where he critiqued America’s economic policy…you can likely guess the general tone of it. I always find his commentary extremely insightful. You’ve probably noticed that Faber is one of my favorite gurus. I’m almost finished reading Tomorrow’s Gold, which he wrote back in 2002…it’s […]
The folks at Elliott Wave International informed me that they’re offering up a free 10-page report forecasting the Asian-Pacific financial markets for free. You can request the report here. They’ll request a sign up for their free club before downloading the report…which you’ve probably noticed is usually par for the course from financial publishers. I […]
Recent Comments