Investing and Trading News, with a Contrarian, Sarcastic Twist!
Great Dennis Gartman interview over on The Globe Investor. Here are a couple of quick hits, and you can find the full interview here. Gartman’s thoughts on: Gold: Someone or something is leaning on gold at $980-$1000 and I’ll let that seller be sated before I venture back to the long side. So will I […]
The smallest acreage for cotton in 26 years has propelled the fluffy material “limit up” for the day, in what amounted to almost a delayed reaction from traders, as cotton was initially down yesterday when the report came out. Likely due to the weakness shown by the other grains. You’d think that with cotton supplies […]
We now find our fallen (past) hero, Government Motors, nestled under the protective wing of the United States Government, sheltered from the harsh conditions of the “free market.” Some folks actually believe this cover from reality is all that GM needs in order to right the ship, and, to borrow a phrase from REO Speedwagon […]
Corn futures are getting absolutely trashed this morning…along with basically everything else in the commodities sector. July futures are down nearly 8% as I write, as the USDA just reported that corn stocks are up 6% from a month earlier. Obviously the market does not like this supply news, and corn is being heavily discounted […]
Yesterday in our weekly column, we kicked around the possibility that the hyperinflationists are wrong…or at least early to the party. My piece was also picked up by Seeking Alpha, and you should check out the comment stream from livid gold bugs and monetary purists! I get a kick out of folks that truly believe […]
Recovery.gov, the resource setup by the Obama administration to provide full transparency of the squandering and misallocation of tax dollars, is reported to actually be more translucent than transparent. Watchdog organization Sunlight Foundation, described as “normally polite” by ReadWriteWeb, referred to Recovery.gov’s data transparency as a “significant failure.” And not just once! Sunlight co-founder Ellen […]
As the Federal Reserve continues to print money, the “hyperinflation trade” seems to be a crowded one. The premise seems sound and reasonable – whenever a government prints money and devalues its own currency, rising prices follow. A deflationary environment cannot hold for a sustained period of time, because the government will print money, or […]
Here’s an excellent guest piece covering the fatal flaws that most traders make by Jeffrey Kennedy of Elliott Wave International. It is wayyyyy easier to lose money trading than it is to make money…as I can personally tell you from my past 15 months of being brought back down to Earth. However trading CAN be […]
Regular readers are often looking for ways to play gold and silver…after all, we figure with this historic printing of money, we’ve at least got a real shot at wild inflation. The safest way to play gold and silver is to buy the bullion itself. If the world melts down, you’ll be the envy of […]
Yeah, according to The Daily Crux, this headline is a true one…Gartman did refer to Buffett as “an idiot” for allowing Berkshire’s stock to drop 45%. The Gart-Man has since rescinded the statement – but The Crux reports that to Gartman’s credit, he’s actively shorting Berkshire Hathaway. I’ve had a trial subscription to Gartman’s Letter […]
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