Investing and Trading News, with a Contrarian, Sarcastic Twist!
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 […]
Ahhhhhhhhhhhhhhhhhhhhh, relief at last – that’s me, pissing away the last of my 2008 gains. Glad we got that out of the way. Tuesday I was feeling really smart, and bought a mini-silver contract at the bargain price of $15. Unfortunately nobody told me that the bargains were going to get even better! I sold […]
A very well written piece by Ted Butler regarding the recent demolition of silver. Ted make a very compelling case that the margin of safety at current prices is significant, as he believes the current price is below the cost of production. I’m very tempted to buy now, but I hate the thought of buying […]
Took some more cash out this week to pay a credit card, and also pump some more cash into our startup. Well, my hopes/dreams for ’08 being a banner year I think are officially in the tank. Earlier in the year, I was hoping I could keep running up the account, and essentially use it […]
Bloomberg reports that the era of cheap money for municipal borrowers is over, citing the Bay Area Toll Authority’s recent of auction of bonds at rates as high as 5.33%. How long before the era of cheap money is over for everyone? If you believe it’s not long, I suggest you unload your US Treasuries […]
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