Watch the entire interview here.
http://watch.bnn.ca/trading-day/january-2010/trading-day-january-7-2010/#clip253167
Listen to my entire interview here…..
This just in from Cuba!
Experts Predict $300 Oil Barrel Not Far Off
http://www.cubaheadlines.com/2010/01/04/19460/experts_predict_300_oil_barrel_not_far_off.html
Well the first trading day of the new decade is starting out with a bang. Gold is up over $20 and back through key resistance. Oil is surging and close to $81, Coffee, Cocoa and sugar are all higher and will likely lead the way for the food sector in 2010, sugar will be the shining star.
I am looking at purchasing more physical silver at this level and I am buying copper futures. I am buying long term calls on oil and gasoline and I am shorting the euro and dollar. Gartman has come out that he is buying dollars so we will see what he says this week as he seems to flip flop in the wind, as usual.
It would be nice if someone over on that mindless and annoying show Fast Money would call Gartman on his inconsistency and losing trades. I won’t hold my breath. Andrew Neale gets it though in this article on CNBC.com
http://www.cnbc.com/id/33328101
“We don’t think there’s a bubble,” says Andrew Neale, portfolio manager at Fogel Neale Partners in New York. “The asset values are inflated, but until there’s some sign of the dollar strengthening, which we don’t see right now … we see continued strength in the commodities.”
Investors have a buffet of offerings from which to choose.
Neale likes everything from platinum and palladium to natural resources and energy-exploration stocks. Gold continues to push to new highs as experts predict it could reach $1,200 and beyond.
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