Archive for the 'Economy' Category
Housing Outlook Takes a Grim Turn
January 9th, 2008Via: AP: Shares of Countrywide Financial Corp., the nation’s largest mortgage lender, sank to an all-time low Tuesday as a major homebuilder offered a grim outlook for the industry and the Bush administration signaled it is growing more concerned about rising mortgage defaults. KB Home reported a mammoth loss for the fourth quarter and said […]
Put Options Lotto on Apple: Request for Technical Analysis Opinions
January 9th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. When Apple (AAPL) was up around $200 recently, I scoffed, chortled and thought, “How f*!@#$% ridiculous that this thing is $200.” I brought up the chart and laughed some more. Almost in disbelief that anyone would be buying AAPL at $200, […]
GOLD $875 FRESH ALL TIME HIGH
January 8th, 2008Too much confetti, not enough exits. Via: Forbes: LONDON (Thomson Financial) – Gold hit a fresh all-time high above 875 usd in early London trade as a rebound in oil prices and further dollar weakness sparked a fresh round of buying. ‘Currencies and oil are the main drivers behind this at the moment,’ said Commerzbank […]
Brown: 2008 “Difficult and Dangerous Situation for the World Economy”
January 6th, 2008Via: Guardian: Gordon Brown today issues a powerful declaration that 2008 will decide the fate of his premiership as he pledges to push through a series of controversial decisions that will shape Britain for decades to come. In his first major interview of the year, the Prime Minister serves notice on his opponents that he […]
PowerShares DB Agriculture Trades Just Under 52 Week High
January 5th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. It was up about 1% during the regular session and then another 2% in after hours. It’s at $35.25. The 52 week high is $35.94. Congratulations to all Cryptogon DBA traders.
Forget Oil, the New Global Crisis is Food
January 4th, 2008“In 2008, food could become a out front national security issue in the developed world. My top concerns are wheat and corn. For hundreds of millions of people, especially in America and Europe, this will translate into higher food costs across the board.” —Cryptogon, Some Guesses About 2008 “PowerShares DB Agriculture Fund (DBA) NOTE: I […]
GOLD TRYING $865
January 3rd, 2008There are some big green candles out there right now.
Shell’s $30 per Barrel Oil Shale Process
January 3rd, 2008For years, I wanted to believe that Peak Oil could bring this horror show down. My problem, of course, was that I couldn’t ignore simple, observable realities and the fact that evil people have many plans up their sleeves. Some of you view collapse due to Peak Oil as a given. I understand that desire. […]
OIL HITS $100
January 3rd, 2008Via: AP: Crude oil prices briefly soared to $100 a barrel Wednesday for the first time, reaching that milestone amid an unshakeable view that global demand for oil and petroleum products will outstrip supplies. Surging economies in China and India fed by oil and gasoline have sent prices soaring over the past year, while tensions […]
GOLD SMASHES THROUGH ALL TIME HIGH TO $861.80 INTRADAY
January 2nd, 2008“From a technical analysis perspective, a move above $850 will probably set off buy triggers as shorts move to cover.” —Cryptogon, December December 29, 2007 Ok, support is now $850. Let’s look for consolidation anywhere above $850.
