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August 6, 2014

Global Market Comments August 6, 2014 Fiat Lux Featured Trade: (WHAT COULD DERAIL THE COMING GOLDEN AGE?) (TESTIMONIAL)

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August 5, 2014

Global Market Comments August 5, 2014 Fiat Lux Featured Trade: (SHAKING THE HAND THAT KILLED OSAMA BIN LADEN)

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Shaking the Hand that Killed Osama bin Laden

The team fought their way up two flights of stairs in pitch-blackness, dispatching several fighters along the way. A tall figure emerged in the green glow of the night vision goggles. It hesitated. Two shots were fired, and the body hit the ground. That was how Navy Seal Team Six member, Mark Owen, described the […]

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August 4, 2014

Global Market Comments August 4, 2014 Fiat Lux Featured Trade: (RUSSIAN SANCTIONS CRUSH EUROPEAN YIELDS), (FXE), (EUO), (TLT), (TBT), (UNG), (XOM) (TEA WITH FORMER SECRETARY OF STATE GEORGE SHULTZ) CurrencyShares Euro ETF (FXE) ProShares UltraShort Euro (EUO) iShares 20+ Year Treasury Bond (TLT) ProShares UltraShort 20+ Year Treasury (TBT) United States Natural Gas (UNG) Exxon […]

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Tea With Former Secretary of State George Shultz

Having spent time as an economics professor at MIT, Dean of the University of Chicago business school, Treasury Secretary, and Secretary of State, George Shultz has certainly covered all the bases. Now 93, he is the senior statesman and eminence grise of San Francisco, as well as a major philanthropist. When I read his bio, […]

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August 1, 2014

Global Market Comments August 1, 2014 Fiat Lux Featured Trade: (REPORT FROM THE MATTERHORN SUMMIT)

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Report from the Matterhorn Summit

From where I stand, the rolling foothills of Northern Italy spread out below me to the south. On my left lie the distinctive peaks of the Dolomite Alps. On my right I can see the massive expanse of Mont Blanc, at 15,781 feet the highest mountain in Europe. I am standing at the summit of […]

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July 31, 2014

Global Market Comments July 31, 2014 Fiat Lux Featured Trade: (MAD HEDGE FUND TRADER SETS NEW ALL TIME HIGH WITH 24% GAIN IN 2014), (TLT), (TBT), (FXE), (EUO), (SPY), (AAPL), (MSFT), (ONSHORING TAKES ANOTHER GREAT LEAP FORWARD), (TSLA), (UMX), (EWW) iShares 20+ Year Treasury Bond (TLT) ProShares UltraShort 20+ Year Treasury (TBT) CurrencyShares Euro ETF […]

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Mad Hedge Fund Trader Sets New All Time High with 24% Gain in 2014

I have invented a new kind of trading. I call it “averaging up.” No, I’m not talking about scaling into ever higher prices, greater numbers of shares, or dollar cost averaging. The “averaging up” I’m talking about has to do with altitude, the type measured in feet or meters. Thus, last week saw me calling […]

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Onshoring Takes another Great Leap Forward

Have you tried to hire a sewing machine operator lately? I haven’t, but I have friends running major apparel companies who have (guess where I get all those tight fitting jeans?). Guess what? There aren’t any to be had. Since, 1990, some 77% of the American textiles workforce has been lost, when China joined the […]

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July 30, 2014

Global Market Comments July 30, 2014 Fiat Lux Featured Trade: (MY OLD PAL, LEONARDO FIBONACCI), (TESTIMONIAL)

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My Old Pal, Leonardo Fibonacci

I remember the 12th century like it was yesterday. In those days, the leading intellectuals used to get together and drink wine by the gallon, which then was really little more than rotten grape juice. The problem was that we all used to pass out before anybody came up with a great idea. Then someone […]

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July 29, 2014

Global Market Comments July 29, 2014 Fiat Lux Featured Trade: (TAKING PROFITS ON MY EURO SHORT), (FXE), (EUO), (HAVE CALM WATERS RETURNED FOR SHIPPING STOCKS?), ($BDI), (DRYS), (SEA), (GNK),  (RIO), (BHP), (KOL), (FXA), (EWA) (TESTIMONIAL) CurrencyShares Euro ETF (FXE) ProShares UltraShort Euro (EUO) Baltic Dry Index ($BDI) DryShips, Inc. (DRYS) Claymore/Delta Global Shipping (SEA) Genco […]

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Taking Profits on my Euro Short

The market marked our Currency Shares Euro Trust (FXE) August, 2014 $136-$138 in-the-money bear put spread at its maximum value of $2.00 last Wednesday. So I accepted the invitation to take profits and get out. For purposes of my P&L I’ll assume that it costs you two cents to execute, so I posted a selling […]

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Have Calm Waters Returned for Shipping Stocks?

The shipping stocks have had an OK year so far in 2014. The big question remains: “Is it real,” and “Is it sustainable?” This sector has been down for so long that most investors left it for dead a long time ago. All that was missing was the tolling of the Lutine Bell at the […]

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