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The Party is Just Getting Started With the Japanese Yen

“Oh, how I despise the yen, let me count the ways.” I’m sure Shakespeare would have come up with a line of iambic pentameter similar to this if he were a foreign exchange trader. I firmly believe that a short position in the yen should be at the core of any hedged portfolio for the […]

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November 7, 2013

Global Market Comments November 7, 2013 Fiat Lux Featured Trade: (SELLING THE YEN, AGAIN), (FXY), (YCS), (DXJ), (ENJOY THE DOLLAR RALLY WHILE IT LASTS), (FXA), (FXC), (BNZ), (CYB), (FXE) CurrencyShares Japanese Yen Trust (FXY) ProShares UltraShort Yen (YCS) WisdomTree Japan Hedged Equity (DXJ) CurrencyShares Australian Dollar Trust (FXA) CurrencyShares Canadian Dollar Trust (FXC) WisdomTree Dreyfus […]

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Selling the Yen, Again

The Bank of Japan released the minutes of its previous meeting last night, so we now officially know what’s bothering them. While the inflation rate has edged up to 0.7%, it is still miles (kilometers) away from its two year target of 2.0%. The 100% growth in the money supply promised by the end of […]

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Enjoy the Dollar Rally While it Lasts

Any trader will tell you the trend is your friend, and the overwhelming direction for the US dollar for the last 220 years has been down. Our first Treasury Secretary, Alexander Hamilton, found himself constantly embroiled in sex scandals. Take a ten-dollar bill out of your wallet and you’re looking at a picture of a […]

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November 6, 2013

Global Market Comments November 6, 2013 Fiat Lux (SPECIAL BATTERY ISSUE) Featured Trade: (THE GREAT RACE FOR BATTERY TECHNOLOGY), (TSLA), (GM), (BYDDF), (NSANY), (SQM), (TM) Tesla Motors, Inc. (TSLA) General Motors Company (GM) BYD Company Ltd. (BYDDF) Nissan Motor Co. Ltd. (NSANY) Chemical & Mining Co. of Chile Inc. (SQM) Toyota Motor Corporation (TM)

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The Great Race for Battery Technology

One hundred years from now, historians will probably date the beginning of the fall of the American Empire to 1986. That is the year President Ronald Reagan ordered Jimmy Carter’s solar panels torn down from the White House roof, and when Chinese Premier Deng Xiaoping launched his secret “863” program to make his country a […]

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November 5, 2013

Global Market Comments November 5, 2013 Fiat Lux Featured Trade: (WHY I’M HAMMERING THE BOND MARKET), (TLT), (TBT), (LQD), (LINE), (MUB), (HYG), (JNK), (TAKE A LOOK AT OCCIDENTAL PETROLEUM), (OXY), (BP), (OIL), (UNG),  (NSANY), (XOM) iShares 20+ Year Treasury Bond ETF (TLT) ProShares UltraShort 20+ Year Treasury (TBT) iShares iBoxx $ Invst Grade Crp Bond […]

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Why I’m Hammering the Bond Market

Those lucky traders who have been following my Trade Alert service are well aware that I have been hamming the bond market for the past week. These new positions were a major factor in adding an impressive 5% to my model trading portfolio P&L during a week when there was very little happening in the […]

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Take a Look at Occidental Petroleum (OXY)

There are a lot of belles at the ball, but you can’t dance with all of them. While a student at UCLA in the early seventies, I took a World Politics course, which required me to pick a country, analyze its economy, and make recommendations for its economic development. I chose Algeria, a country where […]

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November 4, 2013

Global Market Comments November 4, 2013 Fiat Lux Featured Trade: (MAD HEDGE FUND TRADER BLASTS TO NEW ALL TIME HIGH), (FXE), (TLT), (TBT), SPY), (AAPL), (NOVEMBER 6 GLOBAL STRATEGY WEBINAR), (TESTIMONIAL ) (ALL I WANT TO DO IS RETIRE) CurrencyShares Euro Trust (FXE) iShares 20+ Year Treasury Bond ETF (TLT) ProShares UltraShort 20+ Year Treasury […]

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Don’t Miss the November 6 Global Strategy Webinar

My next global strategy webinar will be held on Wednesday, November 6 at 12:00 noon EST. 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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All I Want To Do is Retire

I have always believed that if you don’t have a sense of humor, then you better get the hell out of this business. Below is a link to a YouTube video entitled “All I Want To Do is Retire” which covers the decline of the brokerage industry over the last 20 years. The video is […]

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November 1, 2013

Global Market Comments November 1, 2013 Fiat Lux Featured Trade: (COVERING SHORTS IN THE EURO), (FXE), (EUO), (THE CHIHUAHUA GLUT) (NOTICE TO MILITARY SUBSCRIBERS), (TESTIMONIAL) CurrencyShares Euro Trust (FXE) ProShares UltraShort Euro (EUO)

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Covering Shorts in the Euro

This short position has been a total home run of a trade, with the Euro going into freefall when the ink was barely dry on the Trade Alert. Rumors swept the foreign exchange pits this morning of a potential interest rate cut by the European Central Bank next week, which they really should have done […]

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Watch Out for the Chihuahua Glut

Recently, 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 shelters. The diminutive Mexican canine enjoyed a boom in popularity in recent […]

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