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Why I’m Doubling My Yen Short

The summer us coming to a close this weekend, and the longer term, fundamentally driven trends that have been sunning themselves at the beach are about to reassert themselves. The sideways churning moves on low volume that started as early as March are about to come to an end. Therefore, it is time to bulk […]

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Get Ready for the Next Golden Age

I believe that the global economy is setting up for a new golden age reminiscent of the one the United States enjoyed during the 1950’s, and which I still remember fondly. This is not some pie in the sky prediction. It simply assumes a continuation of existing trends in demographics, technology, politics, and economics. The […]

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August 29, 2013

Global Market Comments August 29, 2013 Fiat Lux Featured Trade: (BATTLE TESTING YOUR PORTFOLIO), (SPY), (USO), (FXE), (FXY), (YCS), (GLD), (SLV), (TLT), (THE COST OF CLEAN COAL), (KOL), (WHO IS BEN BERNANKE?) SPDR S&P 500 (SPY) United States Oil (USO) CurrencyShares Euro Trust (FXE) CurrencyShares Japanese Yen Trust (FXY) ProShares UltraShort Yen (YCS) SPDR Gold […]

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Battle Testing Your Portfolio

The great thing about the sudden $5 pop is the price of oil since Monday is that it battle tests your portfolio. You really don’t know what you own and the risks it entails until something like this comes along. I’ll explain why. For a start, you get a very clear idea of which of […]

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The Price Tag for Clean Coal

I wanted to get the low down on clean coal (KOL) to see how clean it really is, so I visited some friends at Lawrence Livermore National Laboratory. The modern day descendent of the Atomic Energy Commission, where I had a student job in the seventies, the leading researcher on laser induced nuclear fission, and […]

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Who is Ben Bernanke?

Since nothing less than the fate of the free world depends on the judgment of Ben Bernanke these days, I thought I’d touch base with David Wessel, the Wall Street Journal economics editor, who has just published In Fed We Trust: Ben Bernanke’s War on the Great Panic. I doubted David could tell me anything […]

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August 28, 2013

Global Market Comments August 28, 2013 Fiat Lux Featured Trade: (OIL SPIKE SENDS TRADERS SCRAMBLING), (USO), (GLD), (ORDER EXECUTION 101), (THE GREAT COPPER CRASH OF 2013), (CU), (FCX) United States Oil (USO) SPDR Gold Shares (GLD) First Trust ISE Global Copper Index (CU) Freeport-McMoRan Copper & Gold Inc. (FCX)

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Which One Did You Say I Should Buy?

Wow! That was some speech! Secretary of State, John Kerry, was certainly rattling the saber last night when he laid out the irrefutable evidence confirming the use of chemical weapons in Syria. Defense Secretary, Chuck Hagel, then upped the ante by asserting that US military forces are “ready to go.” Oil (USO) hit a two […]

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Order Execution 101

New Global Trading Dispatch subscribers have requested guidelines on how to execute my trade alerts. So I thought I’d take some time today to expound on the basics of order execution 101. There are three basic ways to intelligently get an order into the market: 1) The No Brainer Average In. Buy half at the […]

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The Great Copper Crash of 2013

When Dr. Copper (CU), the only commodity with a PhD in economics, suddenly collapses from a heart attack, risk takers everywhere have to sit up and take notice. Since the 2011 top, the red metal has collapsed a shocking 35%. So called because of its uncanny ability to predict the future of the global economy, […]

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August 27, 2013

Global Market Comments August 27, 2013 Fiat Lux Featured Trade: (THE TECHNICAL/FUNDAMENTAL TUG OF WAR), (SPY), (INDU), (IWM), (AND MY PREDICTION IS….), (TESTIMONIAL), (THERE ARE NO GURUS) SPDR S&P 500 (SPY) Dow Jones Industrial Average (INDU) iShares Russell 2000 Index (IWM)

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The Technical/Fundamental Tug of War: Who Will Win?

For the last few weeks, I have had two groups of analysts screaming in my ears. Fundamental researchers are asserting that at $105 per share in earnings, generating a price earnings multiple of 15, stocks are at the historic middle of a 10-22 range. Q2 earnings are over, and modestly outperformed on the upside, although […]

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And My Prediction Is….

Take those predictions, forecasts, and prognostications with so many grains of salt. They have a notorious track record for being completely wrong, even when made by the leading experts in their fields. In preparing for my autumn lecture series, I came across the following nuggets and thought I’d share them with you. There are some […]

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There Are No Gurus

If there was ever an argument that you should rely on independent newsletters for guidance about financial markets, such as The Diary of a Mad Hedge Fund Trader, and not traditional brokerage houses, take a look at the chart below from JP Morgan. It shows that despite all of the reforms passed after the dotcom […]

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August 26, 2013

Global Market Comments August 26, 2013 Fiat Lux Featured Trade: (RIDING WITH TREASURY SECRETARY JACK LEW)

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