Global Market Commentary, Analysis and Investments
August, the eighth month of the year, is the last month before the traditional harvest time in the Northern Hemisphere. Thus, the old saying was “If the 24th of August be fair and clear, then hope for a prosperous Autumn that year.�
So far, the month of August has been very fair and clear for the stock market…and for the commodities markets. These buoyant trading days of early August continue last month's bullish action in both the stock and commodities markets.
[Read more...]I am always worried that I am not ready for something, like “Do I have enough ammo to hold off a horde of desperate people storming the Excellent Mogambo Bunker (EMB)?� which I soon realized was a stupid question since there is no “correct� answer; it all depends on when the crowd of angry, starving people, destroyed by the Federal Reserve creating so much money and the government borrowing it and spending it, decides, “We better not rush the bunker and try to get all his gold and silver because The Fabulous Mogambo (TFM) will shoot us and kill us, and then shoot at the people who come to take our bullet-riddled bodies away, and then kill them, too!�
[Read more...]Today’s a good day for a checkup from “Dr. Copper.” The useful metal has “a Ph.D. in economics,” the kitschy saying goes. If the world starts using less — in their homes, their electronics, etc. — a fall in copper demand should precede a global slowdown. It’s used in damn near everything, after all. So if prices are down, that has to mean something… right?
[Read more...]Fertilizer stocks are well off their highs and are down about 10% from the start of the year.
What’s happened here is that the global harvest of wheat, corn and soybeans looks like it is going to be a record. As improbable as it seemed only six months ago, this is what is happening. Plus, US corn stocks are starting to creep back up to 1980s levels.
[Read more...]Toby Connor has an essay posted at goldseek.com with a title that I find very intriguing, namely “The Strong Hand Theory” because it sounds like it could be all sorts of terrific things, ranging from a new Sherlock Holmes mystery to “How to destroy brick buildings with a karate chop with your bare hand and impress girls!”
[Read more...]Deep down, we knew it all along. Over countless lunches at Mick O’Shea’s, we knew we were on the right track…but we just couldn’t put our finger on it.
Finally, a study released today confirms our suspicion. The ultimate investment class of the last generation…and perhaps the next…is…
[Read more...]We asked. You answered.
We asked you, the Daily Reckoning readers, to submit your ideas for the “Trade of the Decade.” You responded with a flood of excellent responses. We regret that we cannot publish them all.
Yesterday, we presented some of your submissions. Today, we present a few more. So without further ado, here’s goes:
[Read more...]Many people know me as just a guy referred to by the news media as “local hothead” or sometimes “extremist loudmouth doom-and-gloomer” or (my favorite) “looney toon” but to most people I am known as just a guy who never shuts up about the horrors of inflation in prices that is going to be caused by the inflation in the money supply by the Federal Reserve.
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Another Chinese Resource Grab
The stakes just got higher in the 3-D chess game China's playing for natural resources. On one dimension, the Middle Kingdom is on the offensive. But on another, it's playing strictly defense…
Beijing is ordering state-owned businesses to explore a bid for PotashCorp (POT), the Canadian fertilizer giant that's already fending off a hostile bid from BHP Billiton, the Anglo-Australian mining giant.
[Read more...]