Contrarian Profits
Stock marketing investing news and opinion from a contrarian perspective with insights about commodities, gold investing, oil, energy, china, the Fed, inflation, deflation, and global markets
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A Century of Bad Ideas
Not much happened yesterday. The Dow fell 47 points. The newspapers attributed the reversal to surprisingly low consumer confidence numbers. Apparently, consumers aren’t so sure this crisis is over. As we reported yesterday, they’re saving money maybe even at an 8% rate. Oil didn’t move yesterday. …
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Who’s Buying Oil?
As the US strategic petroleum reserve (SPR) approaches capacity (721.5 million barrels filled out of a total possible 727 million, and will be filled by January 2010), the federal government will fade out of the oil-buying business. Some bearish traders believe that this factor can weigh in on price …
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Whiplash Wednesday!
Currencies rebound VS the dollarAussie and kiwi lead the currencies higherData and Central Bank speeches todayGold rebounds back to $1,000! And Now Todays Pfennig! Good day And a Wonderful Wednesday to you Instead of a turn around Tuesday, were seeing a whiplash Wednesday! And for once in a month of …
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Think China vs. India
The U.S.’ potential conflict with Iran might pale in comparison to a fight brewing between China and India, says Chris Mayer. “This one doesn’t seem to get much attention in the Western media, but I’ve read some dire stuff from the Eastern media. By their lights, the Sino-Indian border hasn’t been t …
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Inflation is Our Future
On one hand, the deflationists are claiming that given the extremely high debt levels in the West, further inflation is impossible. On the other side of the argument, many proponents of inflation are calling for Zimbabwe style hyperinflation. In this business, everyone is entitled to their opinion; …
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Your Guaranteed Triple with the Stock Market ‘Trump Card’
The market’s rally so far this year has given way to a flood of profits for investors. Since early March, the Dow is up more than 49%. But starting today, you can begin cashing in even larger gains using the stock market “Trump Card,” which can guarantee you at least triple your money. But first, th …
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Inflation, Deflation, Peak Oil and Complex Systems
In my father’s house are many mansions. Surely one of them has a room with no elephants in it…. Not to crunch too many metaphors right here at the top, but a consensus seems to be firming up in the animate jello of the Internet that we have entered the Season of the Witch. An odor of ripeness fills …
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No bailout Needed: Good News from The Rags
It has been a long time since we had good news from the newspaper industry. But thanks to today’s upbeat figures from Gannett (NYSE:GCI), the industry is surging. Lee Enterprises (NYSE:LEE) has taken the lead. There is a rare bit of good news for the newspaper industry this morning – and it’s a whop …
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How to Buy Gold… At the Price You Want & Get Paid for It
So what exactly is the best way to grab profits from the important and often explosive world of commodities? In my column last week, I showed you some of the spectacular moves that the four most actively traded commodities (oil, natural gas, gold and silver) have made over the past couple of yea …
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What Happened to Toxic Assets?
Pop quiz: what happened a year ago today? Here’s a hint: The House put the kibosh on the first rendition of The Emergency Economic Stabilization Act of 2008 — Former Treasury Sec’y Hank Paulson’s three-page request for a $700 billion blank check for his buddies on Wall Street. “Investors” threw a …
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The Battle Continues
The rally may end any day, but it didn’t end yesterday. Stocks rose 127 points, as measured by the Dow. Oil closed at $66. Gold rose $2.50. We said we were doing some serious thinking this week. Maybe it is the season. But more and more, our thoughts become grayer. Less black. Less white. Less hard …
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Stop The Presses!
A bias to buy dollars remainsLooks like coordinated jawboningFujii now talks about intervening! Gold remains below $1,000And Now Todays Pfennig! Good day And a Terrific Tuesday to you! Well Stop the presses You know the presses that are talking about the countries that are on the docket to begin a r …
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Must Reads September 28, 2009
US job seekers exceed opening by record number NYT Why you must buy this “world dominator” The Daily Crux World Bank chief takes a shot at the Fed WSJ How well has the Federal Reserve served America? Naked Capitalism Andy Xie: Why one bubble bursts deserves another Caijing David Rosenberg’s special …
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The 7 Safest Places Canada’s Best Economist Is Parking his Cash
David Rosenberg, chief economist for Gluskin-Sheff, is a contrarian with a superior intellect than our own. That’s why we hang on most every word he says. Throughout the “sh*t hitting the fan” events of last fall, and the subsequent policy response, we’ve listened intently on what this Canadian had …
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Gander Mountain: Going Private, Sending a Message
I hope the federal government is paying attention. As regulations and costs increase, more companies, like Gander Mountain (NASDAQ:GMTN) are going private. It is not good news for the nation’s vital financial sector. Could this be a sign of things to come? Earlier today, Gander Mountain (NASDAQ:GMT …
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Unemployed Young People are the Real Danger
“The real danger — economically, socially or politically speaking — in the 1930s was loads of young men without jobs.” It’s probably a literary no-no to quote yourself. But we begin today with words we wrote last November not because we admire our own work, but we because we meant it then… and it’s …
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What Corporate Insiders Are Telling Us
Last week, Vickers Weekly Insider Report noted that corporate insiders are dumping shares like there’s no tomorrow. Insiders sold 6.31 shares for every share they bought. Contrast that with the seemingly brilliant move insiders made at the market low in March, buying three shares for every share t …
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What if Everyone in the World Wanted a One-Ounce Gold Coin?
If we’re right about where the price of gold is headed, the general public will someday clamor to buy all things gold. While gold stocks will be where the real leverage is, the rush will start with gold itself. As a gold editor, I have a very natural question: is there enough to go around to the U.S …
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Follow the Money: Washington to Wall Street…
By Adam Lass, Senior Editor, Taipan Publishing Group This American company has gained 777% the old-fashioned way: selling junk in backroom deals. As regular readers know, I am a Ford man. Back when I was a kid, you had to make three really important choices. First, you had to pick a political party. …
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Buying Stocks Safely Using Alternative Entry Points
With yet another market runup seemingly losing its steam, a lot of folks are wondering, “Was that it? Did we just top?” But while most investors stress out over what the market’s doing, smart traders are attuned to the secret of making safe bets using alternative entry points. Here’s everything you …
Contrarian Profits
