Investing and Trading News, with a Contrarian, Sarcastic Twist!
May Natural Gas futures currently sit a shade above $3.50 – their lowest point since 2002! Check out this chart…can you spot the trend? Source: BarChart.com Jeff Clark writes that $3.50 is widely regarded as the “shut in” price for natural gas – the price where drillers are better off closing the well than continuing […]
How bad can the current financial crisis get, and how long will it last? Casey Research’s Chief Economist, Bud Conrad, tackles this question, crunching the numbers produced by two leading economists who took a broad sampling of banking crises. The information is presented in an insightful and informative way as only Bud can. I hope […]
Seems like the same old theme – when the stock market gets slammed, so does crude oil. Crude oil closed the day below $49/barrel. (Chart source: BarChart.com) When crude is up on days like today, that’s when we’ll take a hard look at going long crude. The only bright spots today? Gold, Silver, US […]
Famous investor Donald Coxe took a real bath in 2008 (along with the rest of us commodity bulls) – he was heavily overweighted in commodities, and, though bearish on the overall economy, he still believed commodities were the place to be. Hmmmmm, sounds a little familiar. Despite the huge setbacks last year, Coxe still believes […]
Andy Kessler, famed hedge fund manager, investor, author, and one of my favorite guys to listen to live, writes that Ben Bernanke needs to spell out very soon how he plans to combat hyperinflation. With all the extra money being created (printed, via “quantitative easing”) shloshing around, Kessler believes, as we do, that this could […]
For a few weeks now, we’ve been watching the commodity markets with rapt attention, asking ourselves: “Has the next commodity bull market officially begun?” From the charts, it looks like broader commodity indeces may have finally formed a bottom. Source: BarChart.com So if the wind is indeed once again at the back of us commodity […]
Jim Rogers told Bloomberg News earlier this week that he prefers oil over gold right now, because of the potential supply overhang of the IMF threat to sell it’s gold. “The IMF is trying to sell its gold,” Rogers, chairman of Singapore-based Rogers Holdings, said in an interview with Bloomberg Television. “The IMF is one […]
The Wall Street Journal published an insightful article earlier this week, profiling 3 investors who survivied the Great Depression, and continue to actively invest and manage funds today. For what it’s worth, all 3 seem to scoff at the idea that we are in for a repeat of the Great Depression today. One guy sites […]
Nice video put together by the folks at Reason TV about the clusterf*ck of a tax code we have here in the US. The scariest stat to me is that the bottom 50% pays less than 3% of total taxes – especially scary because we live in a democracy, where all votes count equally.
Cotton put in a strong effort today – up 1.21, on a day when many of the softs were down – so I perused the short and long term charts for May futures. Looks like cotton definitely has put in a double bottom, which is usually seen as a bullish indicator, and is rallying off […]
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