Probably a step up from your standard CNBC fare
The Contrary Investing Report
Investing and Trading News, with a Contrarian, Sarcastic Twist!
Investing and Trading News, with a Contrarian, Sarcastic Twist!
Probably a step up from your standard CNBC fare
From Reuters: The U.S. mint said in a statement on Thursday that it was temporarily suspending sales of its American Eagle bullion coins due a shortage as demand soared. This “super spike” in gold bullion happened as gold touched as low as $773, a nine-month low. Apparently, many savvy US investors took advantage of the […]
Here’s a great case study. Woke up this morning, pleasantly surprised to see coffee up 3 cents from my entry point. And then, before I could put down my morning cup of coffee – prices rolled over. Guess I didn’t put it down fast enough: Better get my ass down to Starbucks!
Last I checked, the futures markets were giving OBAMA! a 59% chance to winning the election – lower than I would guess, so I suppose you could say I would go “long Obama” if I had to make a trade. Thus I have internally accepted the fact that we must prepare to deal with the […]
Note: This article has been published by Seeking Alpha. Coffee futures are not my favorite to trade. They’re so volatile that it’s tough to distinguish a true breakout from noise. Hopefully for me (I went long the Dec contract today), this move has more legs than the head fake from June: Taking a step back, […]
Full WSJ article (subscription required) Nickel is off over 30% this year, forcing several operations to shut down or reduce output. Analysts quoted in the article expressed mixed opinions about how far away a potential floor for prices is. Wherever that near term floor may be, my interest is always piqued when prices in something […]
A review of trades from the week that was: Covered my Soybean Short – beans rallied, along with the rest of the grains. Closed this out at a loss. And a good thing too – the grains markets continue to rally strong, even into the Asian session this evening. I can’t make heads or tails […]
Buy. Or hold – and buy when the uptrend resumes. Sure this correction hurts. But corrections happen, and gold/silver were going parabolic for a bit – and anything that goes parabolic corrects eventually. For a big picture view – let’s turn off CNBC and review the facts. First, let’s discuss all of the fundamentals that […]
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