Investing and Trading News, with a Contrarian, Sarcastic Twist!
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 […]
Full video of Dennis Gartman on CNBC Thinks oil will drop to $80-90 range He’s not crazy enough to try and short the market Believes oil’s bull run will be on ice for the next couple of years Is short Toyota and long Harley Davidson – believes people will downsize their transportation (not sure if […]
If you, like me, are wondering where you’ve gone wrong in your trading over the past couple of months – we can take some minor solace in this fact. The CRB commodity benchmark index fell over 10% in July, marking the worst month for the index since 1980 (which, incidentally, marked the end of the […]
Will post some thoughts later in the week on the positions… Open Positions Date Position Qty Month/Yr Contract Entry Price Last Price Profit/Loss 07/23/08 Long 1 SEP 08 Australian Dlr 0.9567 0.9280 ($2,870.00) 06/17/08 Long 1 DEC 08 Cotton 82.20 70.72 ($5,740.00) 07/30/08 Long 1 FEB 09 Live Cattle 108.850 110.225 $550.00 08/01/08 Long 1 […]
Recent Comments