Global Market Comments September 20, 2013 Fiat Lux Featured Trade: (SEPTEMBER 25 GLOBAL STRATEGY WEBINAR), (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
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
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
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
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
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
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)
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
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
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
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
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
Global Market Comments September 16, 2013 Fiat Lux Featured Trade: (NOVEMBER 1 SAN FRANCISCO STRATEGY LUNCHEON), (CATCHING UP WITH ECONOMIST DAVID HALE), (EEM), (GREK), (IWW), (EWJ), (NGE), (EWJ), (FXY), (YCS) (TESTIMONIAL) iShares MSCI Emerging Markets (EEM) Global X FTSE Greece 20 ETF (GREK) iShares Russell 3000 Value Index (IWW) iShares MSCI Japan Index (EWJ) Global
Come join me for lunch at the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in San Francisco on Friday, November 1, 2013. An excellent meal will be followed by a wide-ranging discussion and an extended question and answer period. I?ll be giving you my up to date view on stocks,
I have been relying on David Hale as my de facto global macro economist for decades, and I never miss an opportunity to get his updated views. The challenge is in writing down David?s eye popping, out of consensus ideas fast enough, because he spits them out in such rapid-fire succession. Since David is an
Global Market Comments September 13, 2013 Fiat Lux Featured Trade: (MAD HEDGE FUND TRADER HITS ANOTHER NEW ALL TIME HIGH), (FXY), (YCS), (FCX), (AAPL), (FXA), (LOADING UP ON AUSTRALIA), (FXA), (EWA), ($SSEC), ($BDI), (UPDATE ON FREEPORT MCMORAN) (FCX) CurrencyShares Japanese Yen Trust (FXY) ProShares UltraShort Yen (YCS) Freeport-McMoRan Copper & Gold Inc. (FCX) Apple Inc.
It looks like I?m Waltzing Matilda again. I am going to use the two-cent drop last night to scale into a long position in the Australian dollar. This is a dip in the (FXA) that gives up one quarter of the four-cent move off of the August 88 cent bottom. The decline was triggered by
Those who bought my Trade Alert on the Freeport McMoRan (FCX) October $28-$30 bull call spread at $1.68 or best two days ago will be thrilled to see the charts below. They were prepared by my friends at Stockcharts.com, who offer a very reasonable subscription technical analysis product (click here for their site http://stockcharts.com ).
Global Market Comments September 12, 2013 Fiat Lux Featured Trade: (BUY APPLE ON THE DIP), (AAPL), (CHL) (PICKING UP FREEPORT MCMORAN), (FCX), (CU), (ECH), ($SSEC) Apple Inc. (AAPL) China Mobile Limited (CHL) Freeport-McMoRan Copper & Gold Inc. (FCX) First Trust ISE Global Copper Index (CU) iShares MSCI Chile Capped (ECH) Shanghai Stock Exchange Composite Index