November 18, 2011 – Quote of the Day

“We know things are upside down when we have an Italian central banker and a German pope. That’s not the way it is supposed to be,” said Steve Cortez of Veracruz Research.

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Sold Out! November 25 Portland Strategy Luncheon

Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Lunch, which I will be conducting in Portland, Oregon at 12:00 noon on Friday, November 25, 2011, the day after Thanksgiving. 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 […]

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Why Residential Real Estate Will Not Recover

One of the most frequently asked questions at my recent round of strategy luncheons, seminars, and keynote speaking engagements has been “Is it time to buy a home?” I responded with “No, no, a thousand times no,” and proceeded to rail off the countless reasons. My answer always piques listeners’ interest, as 67% of Americans […]

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Bottom Feeding in Real Estate

I was driving through a prominent San Francisco neighborhood last Sunday, looking for a McMansion open house. When I came to one key intersection there were more than a dozen signs directing me to competing offerings. What a joke. And the agent told me that market conditions were gradually improving! It looks like current and […]

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November 17, 2011 – Quote of the Day

“The problem is not the new ideas, it is escaping from the old ones,” said economist John Maynard Keynes

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What’s Up With Gold?

Have you ever held a basketball underwater in a swimming pool and let go? It flies to the upside and pops you in the nose. That is exactly what gold is doing now. After the barbarous relic peaked at $1,922 on August 24, it traded like an absolute pig, giving up 20% in a matter […]

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The Ultra Bull Case for Gold

I am constantly barraged with emails from gold bugs who passionately argue that their beloved metal is trading at a tiny fraction of its true value, and that the barbaric relic is really worth $5,000, $10,000, or even $50,000 an ounce (GLD). They claim the move in the yellow metal we are seeing is only […]

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Revisiting the First Silver Bubble

With smoke still rising from the ruins of the recent silver crash, I thought I’d touch base with a wizened and grizzled old veteran who still remembers the last time a bubble popped for the white metal. That would be Mike Robertson, who runs Robertson Wealth Management, one of the largest and most successful registered […]

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November 16, 2011 – Quote of the Day

“The greatest show on earth is happening elsewhere. Southern trade is becoming turbocharged,” said Stephen King, chief economist at HSBC, about the enormous new trading routes forming between Asia and Latin America, who calls the network the “Southern Silk Road.”  

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Meet the Teflon Market

Pound away at this market all you want, and it just refuses to go down. In recent weeks we have received a torrent of bad news from Europe, including the fall of governments in Greece and Italy, and the S&P 500 index keeps migrating back to the 1,260 level, as if attracted by some supernatural, […]

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November 15, 2011 – Quote of the Day

“I’d rather own silver than Toyota in an environment like we are having now,” said Jim Rogers, CEO of Rogers Holdings.    

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The Road to Singapore

I am writing this from the polished teak floored, white columned, veranda of the historic Raffles Hotel in Singapore. Exotic tropical birds with huge curved bills are calling each other from the betel nut trees. I am somewhat peeved, as the Sir Stamford Raffles Suite which I have reserved is not yet available. A visiting […]

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November 14, 2011 – Quote of the Day

“To be right when a large government is wrong can be very dangerous,” said Benjamin Franklin.  

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A Tribute to a True Veteran

Today is Veterans Day, and I’ll be putting on my faded Marine Corp fatigues and railroad track bars and leading the home town’s Veteran’s Day parade. So I thought it would be a good day to tell you the story of my Uncle Mitch. Since job prospects for high school graduates in rural Pennsylvania in […]

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Testimonial

I have been following your trades for a while, to the tune of several hundreds of thousands in profits. Kindly sign me up to the “A” team. Even after investing for over 30 years, some as a Wall St. pro, I need help with this market. Keep up the good work. BF

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