Archive | Diary RSS feed for this section

August 13, 2010 – Why We Need Six New Saudi Arabias

Featured Trades: (OIL), (USO), (XOM), (OXY), (NATURAL GAS), (UNG) United States Oil Fund ETF United States Natural Gas Fund ETF 3) Why We Need Six New Saudi Arabias. I recently spent an evening with Ambassador Richard Jones, the Deputy Executive Director of the International Energy Agency in Paris, who had some eye opening things to […]

Read full story Comments are closed

August 13, 2010 – Scam of the Week

Featured Trades: (SCAM OF THE WEEK) 4) Scam of the Week. Having trouble raising capital for your new hedge fund? Just list Warren Buffet as your 'Honorary Chairman.' That's what California prison guard Ottoniel Medrano did. To help his marketing efforts, he also claimed that he had $4.8 billion in assets under management as well […]

Read full story Comments are closed

August 13, 2010 – Quote of the Day

'The biggest trend of 2010 is to see who gets kicked out of the banking system,' said Meredith Whitney, who runs a boutique financial research firm

Read full story Comments are closed

August 12, 2010 – Lunch With the CIA

Featured Trades: (LUNCH WITH THE CIA) 1) Lunch With the CIA. Lunch with the Central Intelligence Agency is always interesting, although five gorillas built like brick shithouses with wires sprouting out of their ears, staring at me intently, didn't help my digestion. Obama's pick of Leon Panetta as the agency's new director was controversial because […]

Read full story Comments are closed

August 12, 2010 – Time for Platinum to Play Catch Up

Featured Trades: (PLATINUM), (PPLT) ETFS Physical Platinum ETF 2) Time for Platinum to Play Catch Up. Since you’ve recently been romancing gold, you should check out platinum, her younger, racier, and better looking sister, who wears the low riders. The white metal historically has more volatility than gold, but this year has risen by only […]

Read full story Comments are closed

August 12, 2010 – This is Not Your Father’s Nuclear Power Plant

Featured Trades: (NEW NUCLEAR), (NUSCALE POWER) 3) This is Not Your Father's Nuclear Power Plant. On my recent trip to Oregon, I met with venture capital investors in NuScale Power, which is trailblazing the brave new world of 'new' nuclear. Their technology has been pioneered by Dr. Jose Reyes, dean of the School of Engineering […]

Read full story Comments are closed

August 12, 2010 – Watch Out for the Chihuahua Glut

Featured Trades: (THE CHIHUAHUA GLUT) 4) Watch Out for the Chihuahua Glut. Yesterday, I wrote about the Nevadan wrinkle in the housing crisis where distressed homeowners are letting their horses go wild to make their mortgage payment. Now, neighboring California is facing a Chihuahua glut, where evicted homeowners are handing over their pets to animal […]

Read full story Comments are closed

August 12, 2010 – Quote of the Day

'There are people who can't get used to the idea that the country is being run by a black guy living in public housing. Obama is only half black, so I guess that makes him our 'starter Negro,' said political commentator Will Durst.

Read full story Comments are closed

August 11, 2010 – Kiss That Union Job Goodbye

Featured Trades: (WHERE HAVE ALL THE JOBS GONE?), 1) Kiss That Union Job Goodbye. Those of you counting on getting your old union assembly line job back in Detroit can forget it. The recent eight year forecast published by the Bureau of Labor Statistics shows that 4.19 million jobs will be gained in the US […]

Read full story Comments are closed

August 11, 2010 – China Steps Up Its Nuclear Program

Featured Trades: (CHINESE NUCLEAR PROGRAM) 2) China Steps Up Its Nuclear Program. The Middle Kingdom currently has 12 operational plants generating 12 gigawatts accounting for 2.3% of the country's power. Another 23 are currently under construction. It plans to add ten a year for the next decade, taking them up to 70 Gigawatts by 2020, […]

Read full story Comments are closed

August 11, 2010 – Why Don’t We Try Chinese Style Securities Regulation?

Featured Trades: (INCARCERATION RATES) 3) Why Don't We Try Chinese Style Securities Regulation? Former stock trader, Yang Yanming, was recently executed by lethal injection for embezzling $9.52 million from Galaxy Securities during 1997 to 2003. The move was part of a broader effort by the Mandarins in Beijing to crack down on rampant corruption in […]

Read full story Comments are closed

August 11, 2010 – The Bull Market in Mustangs

Featured Trades: (MUSTANGS) 4) The Bull Market in Mustangs. The Western US has found a new wrinkle in the housing collapse, where homeowners are desperately struggling to cut living costs to meet the next doubling of their adjustable rate mortgage payments on their underwater houses. Raising horses can cost more than children, so Nevadans are […]

Read full story Comments are closed

August 11, 2010 – Quote of the Day

'It amazes me how quickly amnesia sets in,' said Stephen Crawford, former co-president of Morgan Stanley, about the willingness of hedge funds to re-leverage positions in these conditions.

Read full story Comments are closed

August 10, 2010 – The Best Trade of the Year

(SPECIAL FOOD ISSUE) Featured Trades: (CORN), (WHEAT), (SOYBEANS), (POT), (MOS), (AGU) Teucrium Agricultural Trust Corn Fund PowerShares DB Multisector Commodity Trust Agriculture ETF 1) My Best Trade of the Year. I was having a good 2010 until the grain trade came along. Now I’m have a fabulous year. Since my initial call to buy on […]

Read full story Comments are closed

August 10, 2010 – The Bull Market in Food Is Only Just Starting

(SPECIAL FOOD ISSUE) Featured Trades: (POT), (MOS), (AGU), (DBA) 2) The Bull Market in Food Is Only Just Starting. I believe that the surge in the price of food we have seen in recent weeks is the beginning of a major, secular, long term trend. During the sixties, new dwarf varieties, irrigation, fertilizer, and heavy […]

Read full story Comments are closed