Getting Coal in Your Stocking May Be Exactly What You Want

CountingPips.com Email Newsletter December 17, 2012

Getting Coal in Your Stocking May Be Exactly What You Want

We all want new and exciting electronic gizmos and gadgets for the holiday season. Unfortunately they have the tendency to lose almost all their value within weeks because of newer versions etc… but what if you just got a lump of dirty old coal in your stocking, how would you feel?


Prechter: “This is Not a Picture of a Bull Market”

What a comeback for the Dow Industrials! From a March 9, 2009, close of 6,547, the senior index climbed to 13,610 on Oct. 5, 2012. Moreover, the Dow achieved this feat in the face of a weak-kneed economy, and it has grinded forward now for three and a half years…


Currency Speculators go short on US Dollar for first time since October. Aussie bets reach 2012 high

December 16, 2012 – Non-commercial large futures traders, including hedge funds and large speculators, registered a US dollar short position total of 1.03 billion on December 11th and down from a total long position of $920.79 million on December 4th…


Ukraine Crushed in $1.1bn Fake Gas Deal

Certainly the folks at Gazprom are having a good snicker, reveling in the mockery that has been made of what should have been a landmark Ukraine-Spain gas deal that would have loosened Russia’s gas grip on Kiev.

Everyone wondered how Russia would respond to Ukraine’s attempt at gas independence. But this is what happens when you mess with Gazprom…

TODAY’S FOREX HEADLINES:

 

 

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In July 2008, when crude oil prices were at $148 a barrel and “peak oil” bulls were forecasting a rise to $200, even $300 a barrel, contrarian technical analyst Robert Prechter took the opposite stance: “One of the greatest commodity tops of all time is due very soon,”…
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12 years ago