September 7, 2011 – Quote of the Day

'The Unites States government is in the business of securities manipulation,' said Jim Grant of the research boutique Interest Rate Observer.

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September 6, 2011 – August Nonfarm Payroll Torpedoes Market Rally

Featured Trades: (AUGUST NONFARM PAYROLL TORPEDOES MARKET RALLY) 2) August Nonfarm Payroll Torpedoes Market Rally. Economist and market strategists alike were stunned by the August nonfarm payroll report showing zero job growth. The headline unemployment rate stayed unchanged at 9.1%. The reports for June and July were revised down a gut punching 58,000. Employers obviously […]

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September 6, 2011 – Quote of the Day

'Patience is not a word that is fixated on two year election cycles. China has a five year plan. We have a five minute plan,' said Steven Roach, former non-executive chairman of Morgan Stanley Asia.

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September 2, 2011 – Come Join Me for Lunch in Hong Kong on Friday, October 21, 2011

Featured Trades: (HONG KONG STRATEGY LUNCHEON) 1) Come Join Me for Lunch in Hong Kong on Friday, October 21, 2011. Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Hong Kong on Friday, October 21, 2011. A three course meal will be followed by […]

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September 2, 2011 – Itching to Get Into Corn

Featured Trades: (ITCHING TO GET INTO CORN), (CORN), (JJG), (DBA), (POT), (MOS), (AGU), (CAT), (DE) 2) Itching to Get Into Corn. Long term readers of this letter know that I have long been banging away on the fact that the world is making people faster than the food to feed them. According to the World […]

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September 1, 2011 – Why I'm Flipping to the Short Side

Featured Trades: (WHY I'M FLIPPING TO THE SHORT SIDE), (BAC) 1) Why I'm Flipping to the Short Side. We have had a nice run here on (BAC), posting a profit of 20% in just one week. The stock market is now at the top end of a one month range, so I am going to […]

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September 1, 2011 – Consumers are Telling Porky Pies

Featured Trades: (CONSUMERS ARE TELLING 'PORKY PIES')   2) Consumers are Telling Porky Pies. When I was working on the trading desk at the London office of Morgan Stanley I became familiar with the particular argot they speak in the East End, otherwise known as 'cockney'. A form a slang originally developed to keep bobbies […]

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August 31, 2011 – The Greek Assist on My Swiss Franc Short

Featured Trades: (THE GREEK ASSIST ON MY SWISS FRANC SHORT), (FXF) 1) The Greek Assist on My Swiss Franc Short. Greece's Eurobank and Alpha Bank have agreed to merge to create the country's largest financial institution. The new entity will have assets of over $217 billion with 2,000 branches. Eurobank had been one of the […]

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August 31, 2011 – Sell Oil for a Stock Hedge

Featured Trades: (SELL OIL FOR A STOCK HEDGE), (USO) 2) Sell Oil for a Stock Hedge. Over the last month, asset classes everywhere have downshifted to new, lower trading ranges, reflecting the very rapid chopping of GDP growth forecasts for 2011 from 4% to 2%. Oil is no exception. I think the new range for […]

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August 31, 2011 – Rare Earths Are Heating Up Again

Featured Trades: (RARE EARTHS ARE HEATING UP AGAIN) 3) Rare Earths Are Heating Up Again. Long time readers remember fondly my 2010 play in the rare earth sector, where stocks like Molycorp (MCP), Avalon (AVARF), and Lynas Corp (LYSCF) clocked gains of over 400%, and the call options went ballistic (click here for ‘Rare Earths […]

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August 29, 2011 – The Great Snore of 2011

Featured Trades: (THE GREAT SNORE OF 2011) 1) The Great Snore of 2011. As I expected, Ben Bernanke’s long awaited Jackson Hole speech turned out to be a huge nonevent. He effectively put off any serious action to repair the sagging economy until the next Federal Open Market Committee (FOMC) meeting on September 20-21. He […]

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August 29, 2011 – Time to Dump the Swiss Franc

Featured Trades: (TIME TO GO SHORT THE MATTERHORN), (FXF) 2) Time to Dump the Swiss Franc. This will be my first post Bernanke speech trade. The Swiss franc (FXF) has been driven up to absurd levels by a safe haven bid. It is about to suffer a fate similar to its safe haven cousin in […]

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August 26, 2011 – My Home Run on Bank of America (BAC)

Featured Trades: (MY HOME RUN ON BANK OF AMERICA) 2) My Home Run on Bank of America (BAC). Yesterday, I recommended that followers of my Macro Millionaire program put 5% of their capital into Bank of America (BAC) shares at $6.85. My three month target was $9-$10. Not was that call a total home run, […]

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August 26, 2011 – Time to Buy Some Fire Insurance

Featured Trades: (TIME TO BUY SOME FIRE INSURANCE) 3) Time to Buy Some Fire Insurance. I am looking at oil take a swan dive here, bonds pop a point, and even gold performing a rallyette off its $1,700 low. It all looks like 'RISK OFF' to me. So I'm thinking gee, maybe I should hedge […]

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August 25, 2011 – Macro Millionaires Post One Day Gain of 120% on Gold Shorts

Featured Trades: (THE BUBBLE HAS BURST IN GOLD), (GLD)   2) Macro Millionaires Post One Day Gain of 120% on Gold Shorts. It's déjà vu all over again. I spoke to a friend in Tokyo two nights ago who told me that local gold scrapage companies were seeing lines extending out the door. This is […]

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