As Predicted

Mastercard is showing incredible strength in this tough market conditions, looks like there is a question of time before the stock will pass $60. The lesson is to not to listen to the analysts, as usual a contrarian approach makes a lot of sense. When the downgraded the stock as much lower level over a month ago before the report, a lot of people were scared away from this name. It has turned out to be one of the most successful IPO in recently time. My approach to wait for a dip has not worked so far.

The Silver market is still on fire. It certainly seems to be much more trending than then equity markets are. After some very successful trades earlier in the year I have still to make any money on the recent run as I have been heavily invested in the equity market.

The price of crude oil has come down from high $70 to mid $60 in a very short time frame (as predicted). The observation to make is how quick sentiment can change. Disruptions in Nigera, hurricane season and crisis in Iran all disappeared from the radar, instead it looks like oil in big quantities were found in the gulf of Mexico. It is easy to forget that it will take years for this hard-to-get oil to come on-line. However, in the long run it will be all about the fundamentals. In the short run oil is quickly approaching target levels, and a contrarian trade could again be the way to make money. Only thing to be cautious about is really the seasonality in the price, but it is all about what is price-in in the future contracts.

Housing market seems to be a concern for the market in general. I would guess the Fed quite pleased with the recent development, together with the cooling energy prices. Cramer is worth listening to regarding the housing market.