So long, dollar! From CNNMoney.com: In a stunning turn, the Federal Reserve Board is lending as much as $85 billion to rescue crumbling insurer American International Group, officials announced Tuesday evening.
Investing and Trading News, with a Contrarian, Sarcastic Twist!
So long, dollar! From CNNMoney.com: In a stunning turn, the Federal Reserve Board is lending as much as $85 billion to rescue crumbling insurer American International Group, officials announced Tuesday evening.
Apparently my former employer is a loyal reader of Blogging the Commodity Bull Market – they presented a former blog post of mine as evidence in my unemployment hearing today! I’m not exactly sure what kind of insight they thought could be gleaned from this passage: On a personal note, I recently left my job […]
Jeff Clark writes that gold stocks are about as oversold as they can be – and he expects an explosive rally in the coming months. I’ve been tracking Clark for a bit, and the guy is a very sharp trader – definitely pay attention when he calls a play like this.
My morning glance at the Futures screens revealed that, well, just about everything is down across the board. Of special note: Cotton flirting with the 60-cent handle (wow, that looks cheap) Silver getting kicked in the teeth again Oil off big again, flirting with $90 Not to mention global stock markets getting slammed across the […]
If you’re looking for a sound perspective on the latest Wall St firm meltdown, take a look at Andy Kessler’s latest article for Forbes.com, where he compares the shut down of Lehman to the shut down of the old Pan Am Airlines – as in, nobody is going to miss them. Andy is about as […]
A special Blogging the Commodity Bull Market shout out to my good friend Lance, who works at a prominent New York investment bank. Lance (name altered to protect the innocent) is a regular reader of our blog, though he is strictly forbidden from commenting whatsoever due to his professional ties. Via a text message exchange […]
“Governments and politicians do not understand markets and they are making the situation worse by trying to impose controls on the markets,” Jim Rogers commented in a recent speaking engagement. Rogers also expects coffee, sugar, and cotton prices to rise sharply. Sees upside for zinc and silver prices Has no plans to sell gold Intends […]
There are no markets anymore, just interventions – Chris Powell, GATA I cannot phrase the current state of the global markets any more succinctly than Chris Powell did in the title of his fantastic article for GATA.org. First, let’s consider this Bloomberg report that the US, Europe, and Japan devised a plan to prop up […]
Legendary investor Donald Coxe is one I follow closely. I would highly recommend his latest conference call where he discusses the global economic environment, and comments on potential ramifications of the government’s Freddie/Fannie interventions. He also has a fantastic Canadian accent that really adds to the fun. My notes from the call: Financial system is […]
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