Investing and Trading News, with a Contrarian, Sarcastic Twist!
Keep an eye on that Aussie $ – let’s see if it can break through the 0.89 mark. From Chuck Butler in today’s Daily Pfennig:And on that note… Australian Retail Sales gained for a 6th month in November, advancing .8% from October. I’m telling you now, so you can hear me later… The Reserve Bank […]
Finally – some life coming out of sugar! It hit a one-year high this morning. The cause? Strong biofuel demand, and speculators (readers?) as well. Is this sugar’s run, part 2? Maybe, we’ll see how far it goes. I’m convinced it has at least one more run up to 20 cents and higher in it. […]
In case you were under the illusions that the US operated completely free markets, this should set you straight. Article goes on to state what we’ve talked about – that governments are between a rock and a hard place, and they will opt for inflation instead of hard landings and debt repayments. Why keep an […]
The oft quoted site www.shadowstats.com says it all on the homepage – using pre-Clinton era CPI calculation methods, inflation is running north of 8%. This probably jives a bit better with your own personal observations of food and energy prices. Suddenly a 5% savings account doesn’t seem so great. Add in the depreciating dollar (down […]
Date Position Qty Month/Yr Contract Entry Price Last Price Profit/Loss 12/07/07 Long 1 MAR 08 Corn 415 466 3/4 $2,587.50 12/14/07 Long 1 MAR 08 Corn 439 466 3/4 $1,387.50 01/03/08 Long 1 MAR 08 Corn 468 466 3/4 ($62.50) 12/20/07 Long 1 MAR 08 Cotton 66.45 68.64 $1,095.00 11/09/07 Long 1 MAR 08 Coffee […]
Anyone who’s been reading for the few months know what a big fan I am of the Aussie $. Here’s another angle why it’s due to rise from the Daily Pfennig and Chuck Butler. You know… A month ago, while I was in Florida on Marco Island speaking at the Wealth Masters Conference, my colleague, […]
Calculated my ’07 return tonight, so thought I’d do the same for previous years just for the heck of it. The numbers are quite gaudy and I try not to get greedy and expect these every year, because it’s impossible. We’re in a historic bull market, so might as well enjoy is while it lasts. […]
Today we got a buy signal from the Swiss franc – and I’m happy to jump back in. I only wish I could have jumped in at a lower price…but I had to honor the new system. Rules are rules, you know. And I don’t have the luxury of ignoring the rules of system like […]
Gold has taken off on light overseas trading during the New Year holiday, and the rally is continuing today. It has finally cleared it’s all-time high, at 859 as I write this. I don’t see any signs of this train slowing down.
Happy New Year’s everyone! Last post for the year here – back in ’08, ready to first recap ’07 and yearly returns since inception in ’05, then it’s time to figure out the year ahead! Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 12/07/07 Long 1 MAR 08 Corn 415 451 […]
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