Investing and Trading News, with a Contrarian, Sarcastic Twist!
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
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 […]
Recent Comments