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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July 12, 2011 – The Cooling Market for Hedge Fund Traders

Featured Trades: (THE COOLING MARKET FOR HEDGE FUND TRADERS) 1) The Cooling Market for Hedge Fund Traders. The tide is suddenly heading out to sea for aspiring hedge fund traders. Ilana Weinstein of the IDW Group, which specializes in hedge fund recruitment, says that the new financial regulation bill has fundamentally changed the supply and […]

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July 12, 2011 – The Skinny on Lithium

Featured Trades: (THE SKINNY ON LITHIUM)   2) The Skinny on Lithium. Long time readers of this letter know that I have been a bull on lithium plays, my pick in the sector, Chile's Sociedad Quimica Y Minera (SQM), bringing in a handy 440% pop off the lows in 2009. You couldn't lose, because if […]

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July 12, 2011 – A Conversation With the Boots on the Ground

Featured Trades: (A CONVERSATION WITH THE BOOTS ON THE GROUND) 3) A Conversation With the Boots on the Ground. I have spent many hours speaking at length with the generals who are running our wars in the Middle East, like David Petraeus (click here for ‘The Spotlight Moves to Petraeus’), and James E. Cartwright (click […]

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July 11, 2011 – Don’t Hold Your Breath for Residential Real Estate

Featured Trades: (DON’T HOLD YOUR BREATH FOR RESIDENTIAL REAL ESTATE) 1) Don’t Hold Your Breath for Residential Real Estate. Every few weeks I get a warm and fuzzy feeling when I see my old house for sale in the Wall Street Journal. I’m sure you’ve seen it. It’s the 8,500 square foot, four bedroom, seven […]

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