Investing and Trading News, with a Contrarian, Sarcastic Twist!
Daily Crux Editor Brian Hunt reports that bullish sentiment for gold in investment newsletters is very high – “near extreme levels that marked the previous three tops in gold.” When everyone is bullish, that’s trouble for longs…at least in the short term. Need another data point? How about an insurance company hopping on the gold […]
I started tracking Robert Prechter of Elliott Wave International recently because, to my knowledge, he’s one of the only guys who correctly anticipated the Great Crash of ’08. Now, he had been waiting for this crash since he wrote Conquer the Crash in 2002, but better to be early than late in this case. A […]
Let’s take a stroll down Great Depression memory lane to find out what would happen if, in fact, we do slip into a deflationary depression. Would our gold stocks get trashed? It’s important to consider all the possible scenarios that could unfold…since it seems like we’re heading for, or already in, a depression, we now […]
CNN reports that Treasury Secretary Tim Geithner is having trouble unloading the McMansion he purchased in 2004…close to the top of the housing bubble. Shocking on multiple counts, huh? Geithner purchased the home for $1.601 million…after there were no takers for $1.575 million, he decided to rent the joint for $7,500/month. Without breaking out a […]
Technically speaking…Australia is not yet in a recession. Australia’s GDP rose 0.4% in the 1st quarter of 2009 – a strong, strong performance turned in from the Land Down Under…especially as the other major economies in the world continue to circle the bowl. As long as China’s recovery continues – and that could be a […]
Here’s a great piece by our friends at Stratfor about the effect that geography has played in the economic development of four key regions – the US, Russia, China, and Europe. Stratfor has a very bullish stance on the US – both historically, and looking into the future – which is counter to many of […]
The rally in the Australian looks poised to continue, as their central bank left interest rates unchanged – which preserves the large yield premium the Aussie still enjoys over most other major currencies. Here’s the breakdown from legendary currency analyst Chuck Butler: Down Under… The Reserve Bank of Australia (RBA) left rates unchanged (good for […]
US Treasury Secretary Tim Geithner visited Beijing on Monday…with a straight face, he reassured the Chinese government that its large holding of dollar assets are safe. Then, still deadpanning, Geithner reaffirmed his faith in a strong US currency. That broke the ice, as his student audience burst our into large laughter. See if you can […]
Global supplies of soybeans may be yet tighter than estimated by the USDA, according to a recent report by Hard Assets Investor: Recent estimates of U.S. old-crop soybeans – those still around in silos as of August 31, 2009 before the new harvest starts – depend on who you talk to. The USDA puts old-crop […]
Silver just finishest it’s hottest month in the last 22 years – can it go higher from here? You bet it can. Silver is like the Little Girl With The Curl – when she’s good, she’s very, very good. I read the funniest description of silver I’ve ever seen this morning, courtesy of our good […]
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