July 19, 2011 – Quote of the Day

'The farther backward you can look, the farther forward you can see,' said Britain's combative WWII Prime Minister, Winston Churchill.

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July 18, 2011 – Is the Fat Lady About to Sing Again for the Treasury Bond Market?

Featured Trades: (IS THE FAT LADY SINGING AGAIN FOR THE TREASURY MARKET?)   1) Is the Fat Lady About to Sing Again for the Treasury Bond Market? One of my best calls of the year was to pick the bottom of the Treasury bond market in February and pile readers into synthetic long positions by […]

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July 18, 2011 – The World’s Largest Solar Plant

Featured Trades: (THE WORLD’S LARGEST SOLAR PLANT) 2) The World’s Largest Solar Plant. Unfortunately, I know Blythe, California too well. This natural blast furnace is in a God forsaken corner of the state where I hunted jack rabbits as a kid, the Indians survived on Gila monsters for protein, and it regularly reaches 130 degrees […]

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July 18, 2011 – Dinner With Joseph Stiglitz

Featured Trades: (AN EVENING WITH JOSEPH STIGLITZ) 3) Dinner With Joseph Stiglitz . The great thing about interviewing Joseph Stiglitz over dinner is that you don't have to ask any questions. You just turn him on and he spits out one zinger after another. And he does this in a kibitzing, wizened, grandfatherly manner like […]

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July 15, 2011 – Last Chance to Attend The Mad Hedge Fund Trader’s July 18 Chicago Strategy Luncheon

Last Chance to Attend The Mad Hedge Fund Trader’s July 18 Chicago Strategy Luncheon. Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Chicago on Thursday, July 18, 2010. A three course lunch will be followed by a 30 minute PowerPoint presentation and a […]

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July 15, 2011 – There will be no QE3!

Featured Trades: (THERE WILL BE NO QE3!) 1) There will be no QE3! Twice in the last week, rumors surfaced that Ben Bernanke was considering a third round of quantitative easing, first in the Fed minutes, and then in Wednesday's congressional testimony. The risk markets rallied furiously, and then quickly gave it all back. If […]

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July 15, 2011 – Report From Europe Part III

If you ever need someone to owe you a big favor, make sure it is the world’s best hotel. That is what I discovered when I checked into the legendary Cipriani Hotel in Venice, Italy. I had booked their cheapest room at $1,500 a day. Due to a screw up on the reservations, I learned […]

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July 15, 2011 – China's Long and Winding Road

Featured Trades: (CHINA'S LONG AND WINDING ROAD), (STP), (YGE), (FSLR) 3) China's Long and Winding Road. I spent an evening speaking to Gao Jie, a Beijing civil judge who left the bench to join China's growing environmental movement when her kids came home from school one day coughing and wheezing. You only have to inhale […]

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July 15, 2011 – Quote of the Day

'The Fed can print money now, but they can't print jobs,' said Keith Wirtz, president of Fifth Third Asset Management.

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July 14, 2011 – The Gold Bulls Are Vindicated

(SPECIAL GOLD ISSUE) Featured Trades: (GLD), (RGLD), (AEM), (GBG) 1) The Gold Bulls Are Vindicated. For the faithful who have successfully crossed the desert and suffered the slings and arrows of critics and the ridicule of non-believers, gold’s move today to an all-time high of $1,586 delivers the greatest of all vindications. All it took […]

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July 14, 2011 – China’s Insatiable Appetite for Gold

(SPECIAL GOLD ISSUE) Featured Trades: (GLD) 2) China’s Insatiable Appetite for Gold. Gold bugs and naysayers alike take note. When the world’s second largest and fastest growing economy liberalizes gold ownership by individuals, who happened to be the planet’s most fastidious savers at a 17% rate, you better pay attention. Among other reforms, the Middle […]

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July 14, 2011 – The Ultra Bull Argument for Gold

(SPECIAL GOLD ISSUE) Featured Trades: (GLD)   3) The Ultra Bull Argument 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 […]

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July 13, 2011 – Markets Get a Stiff Dose of Reality

Featured Trades: (MARKETS GET A STIFF DOSE OF REALITY), (GLD), (SLV), (TLT), (SPX)   1) Markets Get a Stiff Dose of Reality. The global 'RISK ON' TRADE was administered with a stiff dose of smelling salts on Friday with the horrific nonfarm payroll report. The stock market was really leading with its chin. It expected […]

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July 13, 2011 – China’s Great Grain Robbery

Featured Trades: (CHINA’S GREAT GRAIN ROBBERY), (CORN), (JJG) 2) China’s Great Grain Robbery. The Chinese are nothing if not opportunistic. You may recall that a shocking increase in this year’s corn crop predicted by the US Department of Agriculture triggered a series of limit down moves in the grain markets only 12 days ago (click […]

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July 13, 2011 – An Evening with Jack Welch

Featured Trades: (A NIGHT WITH JACK WELCH), (GE)   3) An Evening with Jack Welch. I met Jack Welch recently, the legendary retired CEO of General Electric (GE). 'Neutron' Jack gets the credit for boosting the market cap of GE from $13 billion to $400 billion in 20 years, turning it into a Wall Street […]

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