Investing and Trading News, with a Contrarian, Sarcastic Twist!
Surprisingly, Treasuries have been rallying in the middle of each month, while falling at the beginning and end of the month, according to some keen observations by Tom Dyson. Why so? Tom says that for some reason, the market does not seem to be accounting for the fact that the government is issuing huge amounts […]
The oil to natural gas ratio is at an extreme level not seen in at least 15 years, reports market technician Martin Goldberg. Martin is an astute market observer who I recently discovered on the Financial Sense Newshour. With oil above $71, and natural gas below $4, you’d think that something has to give. Sure, […]
Global oil producer BP reported that oil reserves fell for the first time in 10 years…from 1.261 trillion barrels to 1.258 trillion barrels. Enough reserves for about 42 years at current production rates, according to the company. You can read the full report here. Some quick highlights: Global oil consumption fell by 0.6% in 2008 […]
On Sunday, Guo Shuqing, a top Chinese Banker, suggested the US and World Bank sell bonds denominated in Chinese yuan. “I think the U.S. government and the World Bank can consider the possibility of issuing renminbi bonds in the Hong Kong market and the Shanghai market,” he said. The clamor by China for a diversification […]
The USDA just released its latest crop progress report. Most of the grain crops look to be in pretty good shape, with the exception of soybeans, which are still behind schedule. Wheat’s been slammed the past few days after a speculative run-up, so it appears this news was priced in. Not much movement from corn […]
The bull market in money creation is still intact! After a short “correction” a few months ago, the printing presses are revved up and running faster than ever before. The continued strength in equity and asset prices…much to the surprise of many smart traders…seems to be validating the theory that this bear market rally is […]
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 […]
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