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Today’s the day for gold bugs
Baltimore (TFN): Today’s the day. If you have ever hunted for undersea gold, you likely know Mel Fisher’s famous mantra. The great shipwreck hunter used the line thousands of times before it became the undeniable truth on the day he uncovered the “Atocha mother lode.”
Recent Articles
Here are the most recent contrarian news and opinions articles from our select contributors. You'll find unique ideas about how to take advantage of what's happening in the financial world. Click on each of the headlines below to read the full story.
About Contrarian Profits
ContrarianProfits.com is a financial news and opinion website with a twist. As investment guru Rick Rule puts it, "You are either a contrarian or a victim." In the financial world, most people are losers because they just don't know what game they're playing. They think they can just get "into the market" along with everyone else, do what everyone else does, and they will make money. Not likely. By the time you've paid commissions, spreads, fees, taxes -- and suffered the consequences of inflation -- you'll be very lucky just to have as much money as you started with.
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What’s the best way to get through a debt crisis? Straight through was our advice last week. For at least a thousand years, the business cycle went round and round without help from central bankers or economists. It is only since these geniuses have been on the case that really serious problems have arisen.
Gold gained yet another powerful ally yesterday — hedge fund icon Paul Tudor Jones. The man who famously called Black Monday in 1987 and the Nikkei crash a few years later now thinks “gold appears to be cheap.” In a note to his investors, Tudor said, “I have never been a gold bug. It is just an asset that, like everything else in life, has its time and place. And now is that time… gold’s value should increase as its ...
Sony Corp. (NYSE ADR: SNE) is facing the first consecutive annual loss of its 63-year history.
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H.J. Heinz Co. (NYSE: HNZ) dominates in the ketchup market. There is no second. And Heinz has taken advantage of its revered ketchup brand over the years to develop organically and acquire other brands.
As the second-largest provider of electricity to the United States, Constellation Energy Group Inc. (NYSE: CEG) has a tremendous upside. At least, it would if the economy were growing strongly.
In the last few months we have seen a very strong stock market rally. The market has recovered from highly distressed levels and posted exorbitant gains. In addition the “wall of money” from the U.S. Federal Reserve has pushed risk-prone investors back into the market, pushing its general level up.
Despite earlier this week announcing disappointing first-quarter results, Oracle Corp. (Nasdaq: ORCL) says it expects its second quarter will be stronger. However, many analysts are skeptical, as the company’s attempted takeover of Sun Microsystems Inc. (Nasdaq: JAVA) has not gone as smoothly as planned.
Motorola Inc. (NYSE: MOT) last Thursday charmed investors when it revealed its Cliq smartphone, which will compete head on with Apple Inc.’s (Nasdaq: AAPL) iPhone and Research in Motion Ltd.’s Blackberry.
The just-concluded Group 20 (G20) meeting left us with a chorus of very "prudent" governments and central bankers singing the praises of easy monetary and fiscal conditions. So where can we take refuge when all the central banks in the world print money and governments run deficits in order to spend like drunken sailors? The answer is gold.
Notes From the Investment Underground
Is it time to panic?Baltimore-(TFN):Time to panic? If you are part of the Obama administration the answer is yes. If you are an American investor, hold off on the freaking out for at least another month or so.
Will Bernanke Kill Santa Claus?
Baltimore (TFN): The Fed is meeting today. And I ask who cares? At this point, Bernanke and his troupe of politicians masquerading as economists are in so far over their heads, no matter what they do or say, you can bet the move is designed to protect their butts, not yours.
Brace, Brace, Brace – We’re Goin’ Down!
Baltimore (TFN): Believe it or not, I used to be a fishing guide. And a darn good one, too. It feels like a past life these days, but some of the memories of my summers spent in Alaska’s pristine wilderness come streaking back to me at the oddest of times.
Welcome to Notes Version 2.0
Baltimore (TFN): Welcome to Notes version 2.0. As Will moves on to his next successful endeavor at the family office, I could not be more pleased and nervous to be at the helm. After all, he set the bar high.
Where Will Future Economic Growth Come From?
It’s a difficult question to ponder as the state of the world economy is so fragile. Right now, GDP growth stems exclusively from the government’s stimulus package. But once Obama and his cronies are finished fixing the economy, what will the fuel the next leg of the recovery?
3 Bogus Reasons Stocks Are Rallying Right Now
What can we tell you about the US stock market that you don’t already know deep in your belly? This is a stimulus rally, pure and simple. It’s one big bet that the government’s funny money will lift up stocks out of mire of the recession… and send them to the moon!
Credit Watch: $400 Billion in Leveraged Loans About to Go “Pop”
Most investors’ eyes are on stocks right now. And for many stock optimists the credit crunch is ancient history. Not so, says global finance insider Simon Mellon, who heading up our new Bonner and Partners Family Office project.
Famed Market Analyst Calls China “the Next Giant Ponzi Scheme”
The plenty more for stock optimists to be optimistic about, of course. One of the commonest (and laziest) tropes doing the rounds these days is that China’s growth engine will pull the rest of the world out of recession.
Why Stimulus Won’t Magically Heal the US Economy
The bulls have their reasons, of course. Manufacturing is recovering, they say. Green shoots are sprouting! What they don’t seem to know/care about is that the reason manufacturing is recovering has little to do with a better economy.
Ironic: Office of Thrift Supervision Wastes $320,000 on Unused Phone Lines
President Obama’s recent budget trimming efforts show just how absurdly bloated the US government is. Obama is making a big deal about trimming the federal budget by $100 million – the so-called “$100 million savings challenge.” His cabinet outdid themselves. They responded with a plan to save $102 million – or 0.006% of the deficit!
Why You’re a Sucker If You Listen to Banking Analysts
All is not as it seems on Wall Street. Even the most naïve investor knows this. But here at Notes we believe it’s critical to know how the game really works before putting “skin in the game.”
James Dale Davidson: “This Is a Depression”
Where are we now? It’s a question we’ve been grappling with here at Notes since the bizarre events of March 9, when equities took off on a wild run. They haven’t stopped since.
Bill Bonner: Goldman Sachs Behaves “Like a Welfare Queen in a Pink Cadillac”
Goldman earned more than $1 billion a month in the second quarter – much of it from scavenging on fixed income, currency and commodities deals created by the credit crisis.
Robert Reich: This Will Be an X-Shaped Recovery
Or you could take heed of Bill Clinton’s former labor secretary Robert Reich. He reckons we’re not in for a “U” or a “V” or an “L” shaped recovery but an “X”. This from underground investor Jon Herring, writing for Investor’s Daily Edge:
4 Simple Tips to Beat the Recession
The economy still stinks, no matter much money Goldman Sachs is making, says underground investor Marc Lichtenfeld in today’s Smart Profits Report. Marc has four tips for combating the wilting economy:
