Uncommon Wisdom Blogs

Two Bullish Pieces of News

Sean Brodrick — Thu, 18 Mar 2010 13:27:59 +0000

Scrap Metal’s Lament, Few Scraps. A shortage of iron and steel scrap has sent prices soaring 70% in a year, as recession-hit consumers kept their old appliances longer and manufacturers slowed production, meaning fewer offcuts, or scrap pieces, were created. At the same time, demand from China and other emerging markets is growing. XX Sean’s note [...] Related posts:

Chart of the Dow — 11,246 or Bust!

Sean Brodrick — Thu, 18 Mar 2010 12:35:37 +0000

A lot of my colleagues are worried about the market right now. I don’t blame them — I worry, too. But I think it’s going higher before it goes lower. This just shows that smart people at the same organization can have differing opinions. Here’s my chart of the Dow … Note that the Dow pushed [...] Related posts:

China’s Currency Cheating Finally Gets Noticed

Sean Brodrick — Wed, 17 Mar 2010 11:50:05 +0000

As I mentioned recently, tensions are heating up between China and the U.S. On the subject of China, Jesse knocks it out of the park today … They ought not to have been granted full trade status until China allowed their currency to float on some prearranged conditions at the very least. One can only speculate [...] Related posts:

World Bank ups its China growth forecast

Tony Sagami — Wed, 17 Mar 2010 10:02:43 +0000

The World Bank increased its 2010 forecast for the Chinese economy from 8.7% to 9.5%. The World Bank is on the right track but I think they aren’t giving China enough credit. I look for 10%-plus by the end of the year. Related posts:Bank of Nova Scotia buys stake in Chinese bank “Decades” for the China [...] Related posts:

Oil Chart and News You Can Use

Sean Brodrick — Tue, 16 Mar 2010 16:04:43 +0000

Here’s some news worth reading … Oil is rocketing higher. It still has to get above last week’s high, but this is a bullish start. Why is oil making its biggest move in four weeks? Because the dollar is weakening, and because OPEC says they won’t increase output. As I said in Friday’s column, there is plenty [...] Related posts:

US Dollar Index Chart — Headed Lower?

Sean Brodrick — Tue, 16 Mar 2010 15:24:21 +0000

It’s good to see gold and the dollar revert to their usual relationship on the Seesaw of Pain. When one goes up, the other goes down. And now, gold is going up and the dollar … Keep your eye on support at 79.56 for the U.S. Dollar Index. If that breaks, we could see the dollar [...] Related posts:

Nice Move in Gold

Sean Brodrick — Tue, 16 Mar 2010 15:17:12 +0000

I’m keeping my eye on gold, and you should, too. While you don’t want to read too much into one day’s action, this chart is encouraging … We need to see higher volume to have real conviction on this move, but gold appears to be snapping its recent downtrend. Red-Hot Global Small-Caps and Red-Hot Commodity ETFs [...] Related posts:

A Post I Really Don’t Want to Write … On Climate Change

Sean Brodrick — Tue, 16 Mar 2010 15:04:07 +0000

I really don’t want to write about climate change. I have a lot – A LOT – of work to do. And I can ignore most of the hateful comments I get on the subject. However, some comments have been thoughtful and respectful, and since this is an important issue, I feel I must reply [...] Related posts:

Transcript for ‘Could Sugar Sweeten Up Your Portfolio’ Video

Sean Brodrick — Tue, 16 Mar 2010 11:49:19 +0000

I have a new video for UncommonWisdomDaily.com today. You can read a PDF transcript of the video here: brodrick-uwd-for-031610-could-sugar-sweeten-up-your-portfolio-transcript Have a good Tuesday! Related posts:Transcript for ‘The US Economy in 3 Stocks’ Video Tuesday Video Transcript on Gold Transcript for Today’s Video: Opportunity in Gold Miners Related posts:

Latest HoweStreet Interview

Sean Brodrick — Mon, 15 Mar 2010 19:04:36 +0000

Phil and I had a good time talking about energy, copper and more. http://www.howestreet.com/index.php?pl=/goldradio/index.php/mediaplayer/1587 Related posts:My Latest HoweStreet.com Interview My Latest HoweStreet.com Interview Latest HoweStreet.com Interview Related posts: