Testimonial.

Hi John. We first heard your presentation in Sydney last year. Since then I have got off my butt and headed down the trading route, utilizing your trading newsletter that I subscribed to. I have gone from nowhere to trading calls and puts both buying and writing. Many of the ideas you have suggested in […]

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October 19, 2012 — Quote of the Day.

“It’s been a disaster for anyone trying to trade momentum in the euro. More money has been buried in the currency graveyard over the past month-and-a-half from people trying to trade the euro one way or the other than any other trade,” said Boris Schlossberg of BK Asset Management.

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Watch the Dollar for Election Cues.

There are far more accurate polls out there than Gallup, CNN, and Rasmussen, when it comes to predicting the outcome of the presidential election. That is the one where those polled are required to put their money where their mouth is, and being wrong costs them a bundle of money. I’m talking about the market […]

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Email Problems at Mad Hedge.

Anyone who attempted to email customer support at The Diary of a Mad Hedge Fund Trader today may have noticed that they did not receive a response, which is unheard of.  In an effort to upgrade our service, we migrated our site to a new service. As is often the case on the online world, […]

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October 18, 2012 — Quote of the Day.

“The U.S. housing market is played out. It’s not going to go up, but it’s not going down either. Everyone who has ever thought about buying a house has already bought a house. You still have to flush the shadow inventory, which is still pretty high,” said Kyle Bass of hedge fund Hayman Capital Management. […]

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How to Make a Killing on U.S. Energy Independence.

With U.S. energy independence fast emerging as a topic in the presidential election, I thought I’d delve into this topic in greater depth and see how real this possibility is. This will undoubtedly be the most important change to the global economy for the next 20 years. The energy research house, Raymond James, put out […]

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The Chinese Yuan Hits 20-Year High.

Long-time readers of this letter are well aware of my advice to hold cash in the Chinese Yuan ETF (CYB) for the past four years. Those who followed my advice profited nicely. As of today, the Yuan is threatening to punch through to a new 20-year high. Who knew that the Yuan would be one […]

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October 17, 2012 — Quote of the Day.

“The market absolutely loves postponed apocalyptic scenarios,” said Ed Yardeni of Yardeni Research.  

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The Tax Rate Fallacy.

When anyone starts lecturing you that the U.S. has the highest tax rate in the industrialized world, just turn around, walk away, and pretend you never heard them. This person is either ignorant about this country’s taxation system, or is deliberately trying to deceive you. According to a report released by the Internal Revenue Service, […]

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Quantitative Easing for a Twelve-Year-Old.

I know you spend all day trolling the Internet for the most entertaining video on YouTube every day. What, you don’t? I’m shocked, shocked. That’s OK, so I’ve done it for you. Click on the link below to watch a six minute animation explaining quantitative easing to a 12-year-old, using cute little cuddly figures. Is […]

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Testimonial.

I am incredibly impressed with this product. I have just been reading and listening since last night, but as a professor for 42 years and now the vice provost of a major university, I believe I can spot when someone has got it; and you do. I cannot wait to begin trading. Hard work has […]

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October 16, 2012 — Quote of the Day.

“I would say that you’ve had a generation’s worth of experience in the last five years,” said Morgan Stanley large cap bank analyst, Betsy Grasek.

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What to do on November 1.

If I had a nickel for every time that I heard the term “Sell in May and go away” this year, I could retire. Oops, I already am retired! In any case, I thought that I would dig out the hard numbers and search through the truth behind this old trading adage. It turns out […]

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Taking Profits on Gold.

I am happy to run large, overweight positions in assets that have powerful momentum behind them and are breaching new highs by the day. I am not so happy to run such positions that have stalled or gone to sleep, and that is the case with gold. With our (GLD) December, 2012 $157-$162 Call Spread […]

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Testimonial.

I see Business Week’s list of America’s best cities lists San Francisco as number one. Maybe that’s because the most interesting man in America lives there (you). I’ve never been there and wish I could go to your luncheon there this month. Fortunately, I have your newsletters to keep me entertained. I don’t have a […]

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