What’s Next for Gold?

The Contrary Investing Report

Investing and Trading News, with a Contrarian, Sarcastic Twist!

From James Turk, founder of GoldMoney.com: The above chart is presenting a very bullish picture for gold. My upside target for gold this year has been $800. To be honest, I thought we would be there by now, but we’re not thanks to central banks as explained above. But we have reached a state in […]

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From Agora’s 5 Min Forecast: “The price of natural gas continues to wallow around and not do much,” Chris Mayer tells his Capital & Crisis readers, “but there are two long-term, seemingly relentless natural gas trends that bode well for those invested in the industry. Price movement like this is making many natgas stocks “move […]

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Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss Market Value 01/22/07 Long 1 DEC 08 Cotton 63.00 68.80 $2,900.00 04/16/07 Long 1 DEC 08 Cotton 64.50 68.80 $2,150.00 07/27/07 Long 1 DEC 07 Coffee ‘C’ 115.30 116.65 $506.25 06/19/07 Long 1 DEC 07 Coffee ‘C’ 120.50 116.65 ($1,443.75) 03/23/07 Long 1 […]

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From Agora’s 5 Min. Forecast: Gasoline supplies are at their lowest level since 1991. Measured in “days of gas available,” the Energy Department reported that, for the last week data were available, the U.S. has only a 20-day supply… the lowest since the first Iraq war. Yet despite these supply levels, gas prices remained at […]

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From Agora’s 5 Minute Update: Among other things, Kevin (Kerr) will be commenting in Milan on the fact that Russia — the world’s fifth largest wheat exporter — is considering banning the sale of wheat to foreign nations. Moscow officials are concerned about wheat’s skyrocketing price and its effect on the Russian consumer… especially on […]

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I feel like a broken record – but this is one helluva ride! Wheat futures crossed the 800 cents mark this morning.Chart There are ongoing harvest problems contributing to the situation. Remember that wheat inventories are already at a 26-year low, so there is no slack in the system. How high can prices go? Honestly […]

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