Investing and Trading News, with a Contrarian, Sarcastic Twist!
A review of my trades from the week that was: Went long December Gold – I picked up a gold contract on the big breakout this week. As we’ve discussed in this space before, I believe the government’s printing of money as fast as it can will send the price of Gold and Silver higher. […]
Any 5-year old can tell you the story of poor Humpty Dumpty. To paraphrase for today’s financial news: All the king’s horses, and all the king’s men, couldn’t put Wall St back together again.And if you’re the historical type – do you also get the feeling that old boy Hank Paulson is doing his best […]
Here’s a very funny video for your Friday. You gold/silver bulls will especially enjoy the banter.
This CNN headline says it all: Dow gains 410 on talk of a long-term government solution to the current turmoil. The full article, if you’re so inclined – I’m too sick to my stomach to read on.
Jim Rogers commenting on: The current financial crisis and outlook for financials The Fannie/Freddie bailout Oil – the bull market is not over (he hasn’t sold any, and doesn’t plan to) His short position in long-term US treasuries
Looks like gold may have kicked that nasty downtrend… (And phew – this rally could save my marriage!)
Some good recent hits from Jim Rogers: The US dollar is in trouble Oracle Rogers sees worse recession ahead Says he’s currently long the Swiss Franc, Japanese Yen, and airline stocks (as a contrarian play). Also thinks coffee, cotton, sugar, silver, and zinc look potentially attractive (this is usually Rogers’ code for – these are […]
So long, dollar! From CNNMoney.com: In a stunning turn, the Federal Reserve Board is lending as much as $85 billion to rescue crumbling insurer American International Group, officials announced Tuesday evening.
Apparently my former employer is a loyal reader of Blogging the Commodity Bull Market – they presented a former blog post of mine as evidence in my unemployment hearing today! I’m not exactly sure what kind of insight they thought could be gleaned from this passage: On a personal note, I recently left my job […]
Jeff Clark writes that gold stocks are about as oversold as they can be – and he expects an explosive rally in the coming months. I’ve been tracking Clark for a bit, and the guy is a very sharp trader – definitely pay attention when he calls a play like this.
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