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September 20, 2013

Global Market Comments September 20, 2013 Fiat Lux Featured Trade: (SEPTEMBER 25 GLOBAL STRATEGY WEBINAR), (REPORT FROM THE MATTERHORN SUMMIT)

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Don’t Miss the September 25 Global Strategy Webinar

My next global strategy webinar will be held on Wednesday, September 25 at 12:00 noon EDT. Login in early to get a space. I’ll be giving you my updated outlook on stocks, bonds, commodities, currencies, precious metal, and real estate. The goal is to find the cheapest assets in the world to buy, the most […]

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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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September 19, 2013

Global Market Comments September 19, 2013 Fiat Lux Featured Trade: (BEN GIVES GREEN LIGHT TO BULL MARKETS), (SPY), (USO), (TLT), (FXE), (FXA), (FXY), (FXB), (YCS), (GLD), (SLV), (HOW TO AVOID PONZI SCHEMES), (PLAY CHINA’S YUAN FROM THE LONG SIDE), (CYB), ($SSEC), (EEM) SPDR S&P 500 (SPY) United States Oil (USO) iShares Barclays 20+ Year Treas […]

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Ben Gives Green Light to Bull Markets

I told you so! Ben Bernanke’s decision not to taper $85 billion a month of Federal Reserve bond purchases came as a surprise to everyone, but me. The reasons were legion. Blame Syria, blame the weak August nonfarm payroll, blame a near zero inflation rate, blame the coming debt ceiling crisis. The bottom line is […]

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How to Avoid Ponzi Schemes

I spent a sad and depressing, but highly instructional evening with Dr. Stephen Greenspan, who lost most of his personal fortune with Bernie Madoff. The University of Connecticut psychology professor had poured the bulk of his savings into Sandra Mansky’s Tremont feeder fund; receiving convincing trade confirms and rock solid custody statements from the Bank […]

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Play China’s Yuan From the Long Side

One of the oldest games in the foreign exchange market is to always buy the currencies of strong countries that are growing, and to sell short the currencies of the weak countries that are shrinking. Any doubts that China’s Yuan is a huge screaming buy should have been dispelled when news came out that it […]

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Taking Profits on Freeport McMoRan (FCX)

This has been a real peach of a trade. In just eight days, (FCX) shares have jumped by 8%, taking the Freeport McMoRan October $28-$30 bull call spread from $1.68 to $1.93, a gain of 15%. And we did this by only risking 10% of our capital. We managed to achieve this profit when the […]

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September 18, 2013

Global Market Comments September 18, 2013 Fiat Lux Featured Trade: (THE ULTRA BULL ARGUMENT FOR GOLD), (GLD), (GDX), (ABX), (SLV), (AN EVENING WITH BILL GATES, SR.) SPDR Gold Shares (GLD) Market Vectors Gold Miners ETF (GDX) Barrick Gold Corporation (ABX) iShares Silver Trust (SLV)

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The Ultra Bull Argument for Gold

We sit here in the calm before the storm awaiting the Federal Reserve’s decision to taper a little, a lot, or not at all. Every asset class on the planet is in a holding pattern until then. So I’ll take this opportunity to review the current state of play in gold (GLD). Since it peaked […]

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An Evening With Bill Gates, Sr.

I had a chat with Bill Gates, Sr. recently, co-chairman of the Bill and Melinda Gates Foundation, the world’s largest private philanthropic organization. There, a staff of 800 helps him manage $30 billion. The foundation will give away $3.1 billion this year, a 10% increase over last year. Some $1.5 billion will go to emerging […]

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September 17, 2013

Global Market Comments September 17, 2013 Fiat Lux Featured Trade: (JOIN THE INVEST LIKE A MONSTER SAN FRANCISCO TRADING CONFERENCE), (IT’S ALL ABOUT LARRY), (SPY), (TLT), (FXY), (YCS), (FXA), (MSFT), (LUNCH WITH ROBERT REICH) SPDR S&P 500 (SPY) iShares Barclays 20+ Year Treas Bond (TLT) CurrencyShares Japanese Yen Trust (FXY) ProShares UltraShort Yen (YCS) CurrencyShares […]

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Join the “Invest Like a Monster” San Francisco Trading Conference

I am pleased to announce that I will be participating in the Invest Like a Monster Trading Conference in San Francisco during October 25-26. The two-day event brings together experts from across the financial landscape who will improve your understanding of markets by a quantum leap and measurably boost your own personal trading performance. Tickets […]

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It’s All About Larry

When I first heard about Larry Summers decision to withdraw his name from consideration as the next Chairman of the Federal Reserve, I thought “Whoa! “RISK ON, here we come.” I knew immediately that global stock (SPY), bond (TLT), and commodity markets would rocket and the dollar would crash (FXA), except against the Japanese yen […]

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Lunch With Robert Reich

The other day had me sharing a cold, congealed chicken salad for lunch with Bill Clinton’s Secretary of Labor, Robert Reich, at San Francisco’s posh Fairmont Hotel. We covered a wide range of market impacting topics, which I have summarized below. A Rhodes Scholar who dated Hillary Clinton at Yale, ran for governor of Massachusetts, and […]

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