Investing and Trading News, with a Contrarian, Sarcastic Twist!
On December 5th, I bookmarked Jim Grant’s Op Ed for the Wall Street Journal entitled Requiem for the Dollar. I had meant to blog about it, but got busy, and it actually worked out for the best, as we now have 15 days of trading hindsight since the op ed was published. I should first […]
Casey’s Jeff Clark shares his observations about where the price of gold may be heading in years to come. Regular readers know that my opinion differs from Clark’s in the short term, as I think gold is in for a massive correction. However I do agree that the most likely medium to long term scenario […]
Our friends at EWI have been kind enough to allow us to republish the following -an excerpt from Robert Prechter’s latest Elliott Wave Theorist. Read on to learn why Prechter advises that you avoid muni bonds at all costs… Individual Investors Have Jumped Into Another FireDecember 20, 2009 By Robert Prechter, CMT First they bought […]
In a story that will make any red-blooded capitalist, the Wall Street Journal reports that business are flocking to seek cash “from the biggest venture capitalist of them all, the US government.” The DOE hopes to lend or give out more than $40 billion to businesses working on “clean technology,” everything from electric cars and […]
This clip from The Colbert Report is absolutely hysterical, as Stephen Colbert introduces somewhat contrarian investment portfolio recommendations from “Prescott Financial”. Enjoy! The Colbert Report Mon – Thurs 11:30pm / 10:30c Prescott Financial Sells Gold, Women & Sheep www.colbertnation.com Colbert Report Full Episodes Political Humor Economy
A few months back a friend mentioned an obscure trading book to me, citing it as one of the best trading books he’s ever read, despite the fact that very few people have ever heard of it. Since this guy is a top notch trader in his own right, I made a mental note to […]
On Sunday, I mused that one of my deepest concerns about being bullish on the US Dollar is that I’m on the opposite side of the trade from Jim Rogers, who thinks the buck is doomed. Not so, pointed out astute reader Sibbie via email, citing a recent Rogers interview in BusinessWeek: Q: How much […]
So Gold CAN Still Go Down, After All Last week was shaping up to be another banner one for gold, as the old relic kept on climbing, day after day…that is, until it stopped. Gold’s one-way rise experienced a sharp setback on Friday, dropping nearly $50 on the day, and over $60 in intraday measures. […]
Tom Dyson, one of my favorite investment writers/analysts, is also one of the very few lone soles left in the debt deflation / dollar bull camp (last one out, please turn out the lights!) Last week, Tom penned an article that I thought articulated the case for a near term dollar rally brilliantly – and […]
You know a top just HAS to be near! I know I’ve been early on this call – or wrong (same thing) – for a few months now. But this had to take the cake. There I was, tying the laces on my sneakers, getting ready to walk my dog Banjo on this crisp, cool […]
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