Ahhh…July….Yeah, I just bought a pool for the summer fun, but for those whose Dow are a -Jones-ing, we have some great news for you! NOT! I love the BLS. It seems the Bureau of LiarHeads and SpinDoctors couldn’t pull out todays report. It is SHITTY. I mean SHITTY! The Census factor will not save [...]
Archive for the ‘Commodities’ Category
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Saudi’s Drop WTI.
October 29th, 2009 
Uncle Sam “…Saudi Arabia on Wednesday decided to drop the widely used West Texas Intermediate oil contract as the benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange. The decision by the world’s biggest oil exporter could encourage other producers to abandon the benchmark and threatens the dominance of the world’s [...]
Why I Love Mike Shedlock.
October 15th, 2009 Uncle Sam I have read Mish’s Blog for a long time now. A good middle of the roader, somewhat contrary when the need arises, and only sounds the alarm bell when the real shit is going down. This video is a must watch: After seeing him speak for the first time and elucidating his strategies, [...]
Why Commodities Are Up When Prices Are Down.
March 10th, 2009 Uncle Sam “…Well, it isn’t a big secret that China is going all over the world buying up commodities. ( except aluminum, you see how much of the stuff is laying around? Poor Alcoa!) And an article in the Financial Times yesterday entitled “Hedge funds turn to gold” notes: Hedge fund investors who made money last year [...]
Buy China – For the Price of the Chains of Slavery.
March 9th, 2009 Uncle Sam And the cost of what your greed prompts you to do. Why do I hate China? “There are indications that supply cuts are achieving their objectives, and that commodities are reaching a point of stability. Lower commodity prices are allowing some marginal steel mills in China to return to production. As a result, iron ore [...]
Investments That “Pan Out”.
March 5th, 2009 Uncle Sam Were talking about gold and gold mining! “…Precious metals will climb as other assets decline, Faber said. The 82-company Bloomberg World Mining Index advanced 31 percent since falling to a four-year low on Nov. 20 and prices for the metal climbed 21 percent through yesterday, compared with a 6.4 percent decline in the MSCI World [...]
Gold Longs In Play Again.
March 3rd, 2009 Uncle Sam Gold and silver have lost their steam since the highs on the 20th. Time to put that cash back in play for the next rally, this time….over 1,000 and hold! “…Gold hasn’t gained since it closed above $1,000 an ounce on Feb. 20, and it has dropped $90, or 9%, since then. Profit-taking and forced [...]
Disambiguation for Juniors.
February 24th, 2009 Uncle Sam “…This is the third of my on-going series: “A Primer for the Lay Investor” and addresses the following subjects: Which commodities should a junior resource company explore for? The Good. Which commodities generally should be avoided by a junior resource company? The Bad. Which commodities should a junior resource company avoid at all cost? The [...]
Black in Red ; Gold in Black
February 17th, 2009 Uncle Sam THIS WEEKS GOAL: FILLING MY TANK WITH $1.50 GAS , CARRYING $50 DOLLAR GRAMS!! A new batch of lousy economic news dragged oil prices down nearly 8 percent Tuesday, as signs from across the globe pointed to a prolonged and painful recession. Light, sweet crude for March delivery fell $2.87 to $34.64 a barrel on [...]
Free Money!
February 15th, 2009 Uncle Sam But you can’t make me spend it! “In 2002, Ben Bernanke was absolutely certain that he and his colleagues at the Federal Reserve could act to prevent an extended bout of deflation in the United States by force-feeding money into the economy. The cure for deflation, Bernanke said, is simply inflation, or giving the [...]
