Global Market Comments September 15, 2009 Featured Trades: (GEOTHERMAL) ('W' RECOVERY)1)The dinosaurs of the market, like myself, are collectively being struck by the similarity of the current stock market and that of September 1987, just before the one day, 25% plunge in the Dow. That was when I tied to buy stock with the index
Global Market Comments September 14, 2009 Special Silver Issue Featured Trades: (SILVER), (CDE), (SLW), | (HL), (UNG), (NATURAL GAS), (MS)1) Those transfixed by gold blasting through the $1,000 level have been missing the real action in silver. The white metal has soared 57% to $17 since the beginning of the year, compared to only a
Global Market Comments September 11, 2009 Featured Trades: (EUROYEN), (HEDGE FUNDS), (CANADIAN DOLLAR) 1) Hedge fund longs have been bunching up in the Canadian dollar for the past two months. Canada makes what everyone wants and doesn?t have enough people to consume it, making them a major exporter of everything hot. I bet you didn?t know
Global Market Comments September 10, 2009 Featured Trades: (GOLD), (ABX), (GLD), (MCO) 1) The precious metals markets were stunned with Barrick Gold?s (ABX) announcement that it will float a $3 billion public offering to retire its gold hedges in the futures markets. This means that the world?s largest producer is cashing in its downside protection and
Global Market Comments September 9, 2009 Featured Trades: (COPPER), (TBT), (FCX), (EUROPE), (DOLLAR) 1) Well, you certainly don?t need my help anymore. With everything in the world going up but the greenback, you certainly don?t need the advice of financial advisors, brokers, pundits, or sadly, even this humble online columnist. I never thought I?d see the
Global Market Comments September 8, 2009Featured Trades: (NATURAL GAS), (UNG), (EL NINO), (AGU), (MON), (MOO), (WHEAT), (WZ09) 1)Everyday, I make an effort to speak to a maker, miner, driller, or provider of a service in the real economy. If you keep your head in the financial markets too long, it is easy to lose touch
Global Market Comments September 4, 2009 SPECIAL NON-FARM PAYROLL ISSUE Featured Trades: (CRUDE), ($WTIC),(DXO) (GOLD), (GLD), (KGC), (JAG), (RGLD)1) So who was the dummy that waited until August to lay off their workers? Fire the bastard! Apparently, there are a large number of managers out there who don't read newspapers, watch TV, or talk to
Global Market Comments September 3, 2009 Featured Trades: (FNM), (FRE), (UNP)1) The hedge fund industry is emerging from the ashes of 2008, and will inevitably grab a larger share of the investing public?s assets. Low interest rates and hero status made it way too easy for inexperienced, untested, and sometimes unscrupulous managers to raise new
Global Market Comments September 2, 2009 Featured Trades: (MONGOLIA), (SPX), (IVN), (RTP), (FSLR),(STP) (YGE), (LEN), (DHI), (TOL)1) US stocks are now the most expensive they have been in seven years, and never really got cheap during the March low, just fairly valued. At least I have some good company in my views, which are also
Global Market Comments September 1, 2009 SPECIAL SAN FRANCISCO MONEY SHOW ISSUE 1) I attended the Woodstock of investment conferences last week, the San Francisco Money Show, as a correspondent for financial blog aggregator and research provider www.seekingalpha.com. The cavernous Marriot convention center was absolutely bubbling with new ideas, where you couldn't walk five feet