I was entertaining the idea of adding USO or some other crude oil related exposure this morning due to the chart of WTIC, per NFTRH 569’s Commodities segment. The gap up was on hype, but the hype was based on a real event, was it not? So it would be fundamental, at least for a period of time. The chart, when tuning out all of … Continue reading Oil’s Seasonal Pattern
This one was brought into the portfolio originally because it was converting to an uptrend and I was watching industry companion CTRL (later added as well), which was subsequently bought out at a significant premium (to its then bombed out stock price), and is no more. I then took the profit on CTRL and held UEIC. Here’s the original NFTRH+ post (now public) from April… … Continue reading UEIC Finally Paying Off
The inflationist gold bug does not understand why yields are down, commodities (ex-wildcards like Agri) are down, reflation trades are down, the US dollar is up and yet gold and silver are up. From investing.com: Well, where gold is concerned it’s just a partial Macrocosm of counter-cyclical forces (ex-yield curve, ex-real contraction) at work, doing as they should do. Actually the Macrocosm today is still … Continue reading Bafflement of the Inflationists
