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Yesterday we mused that a turning point may be appearing in the markets, as indicated by the negative divergences that are popping up. In a rare act of God, we were right! Well, at least for a day. And they’ll never be able to take that away from us. Stocks, commodities, and just about everything […]
While oil has been on a tear during the reflation rally, it’s cousin natural gas has not received the same love from traders. “The Natty”, which currently is languishing around $4, couldn’t be hated more, writes Steve Sjuggerud for DailyWealth: Specifically, right now, there are more bets against natural gas by large speculators than there […]
Bernanke – man of the year. Did he earn it? Or pushing on a string? Markets Strong Out of the Gates…But How Much Conviction is Left? The broader indices continued to climb higher in the first week of trading in 2010. But how much buying power is behind these moves? Moves straight up usually don’t […]
Some interesting trading research and musings by Jeff Clark today, as he describes a method to time the buying and selling of gold stocks. Clark’s found that when the eight-day moving average crosses above the bullish percent index, it’s time to buy – and when the converse happens, it’s time to sell, or go short. […]
Trading is tough – really tough. When you’re making money, it feels like the easiest thing in the world. It’s a great feeling – almost intoxicating, really. Like you’re printing money from nothing! Then, inevitably, you get cocky. And you lever up. And sooner or later, a trade goes against you…or two, or three. And […]
Three weeks ago, we discussed the possibility the the dollar was bottoming and poised for a major rally. My reasoning was that: Sentiment was overwhelmingly negative on the buck. I noticed that even traditional contrarian investment sources appeared to be piling on. When there’s nobody left to sell, that’s usually a good sign that the […]
The Wall Street Journal reports that the Commodity Futures Trading Commission is considering introducing position limits for “all commodities of finite supply.” Uhhh…wouldn’t that just be all commodities? Anyway, let’s get a quote from CFTC Chairman Gary Gensler: “My firm belief is that we must aggressively use all existing authorities to ensure market integrity.” Sounds […]
Buy and hold. Stocks for the long run. Diversify. These investment mantras were gospel during the great bull market of the 80s and 90s. Drinking this Kool-Aid will get you slaughtered today. There is no freaking way I would “buy and hold” anything right now. Too dangerous. Buy and hold hasn’t worked over the past […]
Daily Crux Editor Brian Hunt reports that bullish sentiment for gold in investment newsletters is very high – “near extreme levels that marked the previous three tops in gold.” When everyone is bullish, that’s trouble for longs…at least in the short term. Need another data point? How about an insurance company hopping on the gold […]
Here’s a fantastic – and free – webcast, courtesy of Frank Holmes and the team at US Global Investors, entitled Commodities: Reasons to Be a Bull When Everyone’s a Bear. It was originally recorded on April 21st. It runs almost an hour, and is definitely worth a watch if you are a serious commodities investor. […]
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