Investing and Trading News, with a Contrarian, Sarcastic Twist!
Could very well be – I’m not taking any chances. I just closed out my two British pound short positions – I don’t want to stand in the way of a “gap up”. I can’t figure out why this is triggering such a reaction – what exactly was the market expecting regarding Freddie and Fannie? […]
The battle between inflation and deflation continues to rage on, with deflation mounting a very impressive counterattack. Check out this chart of last Thursday’s single day sector returns, courtesy of Agora: It’s challenging, to say the least, to make money investing when EVERYTHING in EVERY market is going down. This is the classic deflationary nightmare […]
Now THAT’S the way you trade! Two solid weeks in a row – I’m feeling good about things, back in control, following trends like I should be. A review of my trades from the week that was: Closed out my Coffee long position – I closed this out on Thursday just north of the 143 […]
In his latest must-read commentary, James Turk of GoldMoney.com cites Warren Buffett’s “Hamburger Theory” and reflects that gold and silver investors should be savoring this current buying opportunity – much as the same way an excessive hamburger eater would favor lower, rather than higher, beef prices. No mention if the hamburger eater is long/short live […]
Your guess is as good as mine – but I sure wouldn’t hop in front of this runaway train. And as long as the dollar continues to gain ground, commodities are going to have a rough go at it – especially gold and silver. Chart courtesy of Agora Financial:Anyone care to hazard a guess on […]
Hilarious tribute to Fannie Mae and the financial masterminds of the US government:
From today’s Daily Pfennig: I’ll tell you why I believe this is happening… So many Japanese investors held Aussie and kiwi (the high yielders) VS their base currency (yen)… And when Commodities started their free fall, these Japanese investors began to close out those positions, which meant they sold Aussie and kiwi, and bought yen… […]
A contemplation on my trades from the week that was: Shorted the British Pound (again) – Roll over, Sterling! The trend is my friend, the trend is my friend, the trend…bad economic data keeps on coming from the UK. This move was long overdue. Went long Coffee – I absolutely DON’T like the way coffee […]
A jolly good day to you, dear reader chap. This morning, over tea and biscuits, I posed the following query to myself: Q: What’s better than one short British Pound contract? A: Well that’s easy, my good man – the answer is TWO short British Pound contracts. Check out this chart – is this dog […]
Probably a step up from your standard CNBC fare
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