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The Contrary Investing Report
Investing and Trading News, with a Contrarian, Sarcastic Twist!
Investing and Trading News, with a Contrarian, Sarcastic Twist!
Shed about 3K this week, mostly because of coffee. Damn rain in Brazil is killing me. Anyway a few new entries and old friends revisited: * The gold contracts were added when Bernanke dropped his pants. Gold broke the important $800 mark and is showing no signs of slowing down. Still a decent entry point […]
Well, just bought my gold contracts back again. It’s open season on the dollar – everyone take your shots! For those just tuning in – the Fed cut rates another 0.25. Inflation, here we come!
The long term outlook for gold looks quite promising. First, from Agora Financial’s 5 Min. Forecast: Open interest in NYMEX’s (COMEX) gold futures contracts breached an all-time high of 500,000 this week. Never have so many traders been betting for — or against — gold than right now. So… you might ask… where’s the smart […]
Forgot to update over the weekend – quite a week last week! Most of the gains were thanks to the currency rallies. I picked up an Aussie $ contract this morning so that I can track it – don’t plan to add to it unless it drops. Date Position Qty Month/Yr Contract Strike Call/Put Entry […]
On Friday I sold all of my Euro and Aussie $ positions. Both ended the week in a flurry, with the Euro topping 1.44 and the Aussie $ topping 0.92. This rally was thrilling, but ultimately made me too nervous to stay in the positions. Everyone today is bearish on the dollar – and when […]
Says the yuan is the “best currency to buy right now.”
As we expected, cotton is being ignored by farmers. Projected 2008 acreage is low.
It was a nice buying opportunity for some currencies yesterday, but the window didn’t stay open long. I’m glad I had time (and the guts – it wasn’t an easy call) to pull the trigger. From the Daily Pfennig’s Chuck Butler:“Good day… And a Terrific Tuesday to you! Well… I sure received a shock yesterday […]
“There are just too many factors pushing gold higher,” says James Turk of GoldMoney.
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