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September 26, 2012 — Quote of the Day.

“The nice thing about gold is that it has no PE multiple. Because it earns and yields nothing, gold is a speculation on the systematic debasement of currencies by central banks,” said Jim Grant of Grant’s Interest Rate Observer.

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SOLD OUT — September 28, 2012 Las Vegas Strategy Luncheon

Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Las Vegas, Nevada on Friday, September 28, 2012. A three-course lunch will be followed by a PowerPoint presentation and an extended question-and-answer period. I’ll be giving you my up-to-date view on stocks, bonds, currencies, commodities, […]

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Oil is Not Looking So Hot.

I received another one of those scratchy cell phone calls from my friend in the West Texas oil patch. You could almost feel the dust coming through the ether. He said that while Ben Bernanke his committed to buying $40 billion a month of mortgage-backed securities as part of QE3, he has not promised to […]

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September 25, 2012 — Quote of the Day.

“China is the classic emerging market roach motel, except it’s a really big one. It is very difficult to earn adequate returns on capital and to get your capital back as a westerner,” said Jim Chanos of hedge fund Kynikos Associates.  

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Testimonial.

Thank you so much for the newsletter you sent out – I really enjoyed reading it. You’ve got quite a unique and engaging style as a writer, world traveler/lecturer and of course, trader. I’m glad to see your performance numbers catapulted you to the top percentile of the hedge fund ranks – all the best […]

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Don’t Miss the Big Show in Silver.

Those transfixed by gold blasting through the $1,750 level have been missing the real action in silver. The white metal has soared 34% to $34 since the beginning of the year, compared to only a 14% move for the barbaric relic, an outperformance of 2.4 to one. I have been a raging bull on the […]

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Revisiting the First Silver Bubble.

With silver back in the headlines, I thought I’d touch base with a wizened and grizzled old veteran who still remembers the last time the biggest bubble in history popped for the white metal. That would be Mike Robertson, who runs Robertson Wealth Management, one of the largest and most successful registered investment advisors in […]

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September 24, 2012 — Quote of the Day

“There’s no exit. I think it’s more likely that the Fed buys all the Treasury bonds that exist than to work the opposite direction and start selling them. I have no concept of what the Fed exit strategy is going to look like. It’s way out in the future,” said Jeffrey Gundlach, CEO of fixed […]

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Don’t Miss the September 26 Global Strategy Webinar.

My next global strategy webinar will be held on Wednesday, September 12 at 12:00 noon EST. This webinar will be broadcast from back home in San Francisco, so everything should work. I’ll be giving you my updated outlook on stocks, bonds, commodities, currencies, precious metal, and real estate. The goal is to find the cheapest […]

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The 30-Year View on What’s Happening Today.

Take a look at the 30 year chart of the S&P 500 below, and it’s clear that the market is approaching a critical juncture. With the closely watched index closing at 1,460 today, we are a mere 140 points from the iron ceiling that has been unassailable for the past 13 years. The chart is […]

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There Are No Gurus.

If there was ever an argument that you should rely on independent newsletters for guidance about financial markets, such as The Diary of a Mad Hedge Fund Trader, and not traditional brokerage houses, take a look at the chart below from JP Morgan. It shows that despite all of the reforms passed after the dotcom […]

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September 21, 2012 — Quote of the Day

“It’s all artificial stimulation. The market wouldn’t be here without quantitative easing,” said a NYSE floor trader.  

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Get the Most Bank Per Buck From my Research.

Sometimes market moves call for options, and I’ve used a lot of them recently. Can options be profitable? The proof is in the pudding as my strategies have paid off handsomely. However, I do get a lot of questions about option strategies and how best to place trades. In an effort to help my readers […]

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Why Apple May Go Ballistic.

I went into my local Apple store last week to buy an iPhone 5 to replace my aging iPhone 4s. The sales girl looked at me like I was out of my mind. She gave me a website address where I could pre-order and said good luck. I found out later that the company sold […]

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September 20, 2012 — Quote of the Day.

“The reality is that the iPhone 5 is going to do more for the economy than QE3,” said Kevin Warsh, a former Federal Reserve governor.  

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