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On Tuesday evening, we had our monthly meeting of local Casey Research subscribers. Really sharp investment minds in the group – it’s a real pleasure and treat to chat about a wide variety of finance and investing related issues. The general consensus of the group (fairly contrarian in nature) is that gold and cash are […]
I hope you had a good, long holiday weekend. I sure did…I mentioned at the end of the week that I’d be blogging when I wasn’t drinking beer. As you can probably infer from my lack of posts, I managed to put back a few with some good friends! Back in the saddle now, I […]
The newsletter that I most look forward to these days is Bob Prechter’s…his views are unique, insightful, and I’m really starting to believe he’s one of the only guys with a clue right now! It’s important to mention that while Prechter is extremely bearish now, he’s by no means a perma-bear. I tend to discount […]
Interesting times in the markets. US equities have now completed a standard fare “Fibonacci retracement” off of the March 6 lows. Now, where to from here? Bulls and bears alike conceded that a strong rally was quite probable. Now that it’s happened, what can we expect? There seem to be two or three prevailing market […]
Here are a couple of very insightful video interviews with Robert Prechter of Elliott Wave International: Part I – Prechter believes the dollar has bottomed, because of the formation in the Elliott Wave pattern, and also the extreme bearish sentiment we’re seeing. Part II – He explains his deflationary depression hypothesis and why he believes […]
Anyone want to puchase debt at an artificially low interest rate from a party that’s highly unlikely to be able to pay you back? Anyone? Surprisingly…you’re not alone! The Treasury auctioned off another $39 billion last Wednesday (it’s crazy that we get immune to seeing these huge numbers) in an auction that “drew poor demand.” […]
Uh oh, looks like a nasty wave of deflation may be coming back to the markets in a big way! Last time we saw this movie, just about everything except for the US dollar was completely ravaged. I sold my two remaining futures positions this morning, and now have moved most of my assets into […]
As the Federal Reserve continues to print money, the “hyperinflation trade” seems to be a crowded one. The premise seems sound and reasonable – whenever a government prints money and devalues its own currency, rising prices follow. A deflationary environment cannot hold for a sustained period of time, because the government will print money, or […]
I started tracking Robert Prechter of Elliott Wave International recently because, to my knowledge, he’s one of the only guys who correctly anticipated the Great Crash of ’08. Now, he had been waiting for this crash since he wrote Conquer the Crash in 2002, but better to be early than late in this case. A […]
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