Chris Mayer (Penny Sleuth):
“If you can tell me something else where the fundamentals are so attractive…I’d be happy to put my money there,” said Jim Rogers, the famed investor and self-made billionaire in a recent interview. “But I don’t know of any other place.”

Gold was steady on Monday after briefly falling below $990 an ounce, as the euro trimmed some losses versus the dollar, but bullion looked vulnerable to a long liquidation after it failed to stay above $1,000 an ounce.

If you’re looking for what I call a “blast-off” move, look no further than the sugar market.

All the factors that set the fertilizer bull market in motion in the first place are still here. Populations are still growing. Diets are shifting toward more fruits, vegetables and meats — all fertilizer intensive. As Potash CEO Bill Doyle says, “This will continue to put pressure on global grain supplies, as farmers are being challenged to produce more with land and water resources that are shrinking on a per capita basis.”

Earnings reports begin this week…  Dollar, yen, francs get bought…  Medvedev shows off new coin!  A busy week! And Now… Today’s Pfennig!

Another of our favorite underground investors Whitney Tilson of T2 Partners is sounding the alarm on US Treasurys. He is also pessimistic about retail investors beating the market on their own.

Currencies rebound…  G-8 has no fireworks…  Aussie / China and coal… Entitlements… And Now… Today’s Pfennig!

Bias to sell dollars fades away…  Trading in yesterday’s clothes…   More thoughts on China…   Shadow Inventory…
And Now… Today’s Pfennig!

Now that the stock market has soared 40% from its March lows, almost no one can seem to remember what they were so worried about. By contrast, now that the price of natural has collapsed 40% in the last seven months, almost no one can remember why they ever worried about an energy shortage.