?The one thing that is not safe is the dollar in your pocket. That is certainly going to be worth a lot less over time. The greatest asset to own is your own ability,? said Oracle of Omaha, Warren Buffett, about the European debt crisis.
For those who wisely ignored my advice to sell the SPDR Gold Trust Shares ETF (GLD) June $160 Puts on May 3, good for you. The options are now trading at $10.50 and you have a profit of 147%, adding 14.7% to your annual return. This will no doubt be your home run trade of
I managed to catch my longtime friend, technical analyst, Charles Nenner, on the fly between London appointments yesterday. The must go to guy for big hedge funds, family offices, sovereign wealth funds, and high net worth individuals, says that the global markets are on the verge of completing round one of a major risk
?For every one book written about deflation there are 25 written about inflation. We are starting to look more like Japan every day,? said Scott Shellady at Bradford Capital Management.
They say a picture is worth a 1,000 words, so here are 4,000 words worth. My friends at www.stockcharts.com put together this series of charts establishing beyond any reasonable doubt that the ?RISK ON? trade is breaking down across all asset classes. Everything is breaking down, simultaneously and in unison, including the S&P 500 (SPX),
A major plank in my golden age scenario for the 2020?s is the collapse of the cost of energy. This won?t occur because of a single big discovery, but from a 1,000 small ones that aggregate together to create a leveraged effect. The upshot is that we may be free of OPEC in 3-5 years,
?The reasonable man adapts himself to the world. The unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man? said George Bernard Shaw, an early 20th century writer and philosopher.
Panic is on deck, to use the baseball terminology that my foreign readers are often attempting to decipher. That is the only conclusion one can reach after getting gob smacked by the price action this morning. Copper got spanked for eight cents, oil burned $2, gold shed another $26, and silver puked 70 cents. The
When I heard that the managers of exchange traded funds were raking in huge fees from lending out shares in their index portfolios I thought ?That?s great, the managers are really working hard to maximize returns for their shareholders.? These shares are borrowed by hedge funds which then then sell short. Then I found out
I follow a broad range of unconventional, but highly useful leading economic indicators that gives me a decisive edge when predicting the future direction of global financial markets. One of them has started flashing a warning sign. I fund an orphanage in remote Zhanjiang, in China?s southern Guangdong province near Hainan Island called The Zhanjiang