All of the high-grade paper used by the US Treasury to print money is bought by one firm, Crane & Co., which has been in the same family for seven generations. Last year, the Feds printed 38 million banknotes worth $639 million. Although we have seen the Fed’s severe monetary tightening cause the money supply
"Go to Heaven for the climate. Go to Hell for the company," said American humorist, Mark Twain.
Global Market Comments August 3, 2023 Fiat Lux SPECIAL PRECIOUS METALS ISSUE Featured Trades: (WHAT’S UP WITH GOLD?), (GLD), (UGL), (PPLT), (PLAT), (WPM) (THE ULTRA BULL CASE FOR GOLD) CLICK HERE to download today's position sheet.
Global Market Comments August 2, 2023 Fiat Lux Featured Trades: (THE BEST FINANCIAL BOOK EVER), (A DAY WITH TOM FRIEDMAN OF THE NEW YORK TIMES) CLICK HERE to download today's position sheet.
I have just finished reading the best financial book ever, and I have read most of them. It is The Ascent of Money: A Financial History of the World by Harvard professor Niall Ferguson. It gives you a great explanation of how the broad sweep of history delivered us to the doorstep of today’s crisis.
Global Market Comments August 1, 2023 Fiat Lux Featured Trades: Trade Alert - (GOLD) – BUY LEAPS CLICK HERE to download today's position sheet.
Opening Trade 8-1-2023 expiration date: January 17, 2025 Number of Contracts = 1 contract The entire interest rate-sensitive sector has been walloped over the last three months over fears that the Fed will keep interest rates higher for longer. That is now in the price of the gold miners. This position is a bet that
Global Market Comments July 31, 2023 Fiat Lux Featured Trades: (PROGRESS REPORT FROM EUROPE - PART TWO) CLICK HERE to download today's position sheet.
I love walking around Saint Marks Square in Venice. You have five different bands playing classical music all at the same time, the musicians dressed in white dinner jackets. Couples holding hands are enjoying the high point of their lives, making out in every corner. African immigrants are selling odd flying toys. The line at
“In order to write about life first you must live it,” said the great American novelist, Earnest Hemingway.
Global Market Comments July 28, 2023 Fiat Lux Featured Trades: (MY TRIP TO INTO INFINITI) (TSLA) CLICK HERE to download today's position sheet.
Don’t worry. I didn’t fail to send off a newsletter yesterday because I fell off some Alp, although there were some close calls. This high up in the mountains, there just wasn’t enough Internet to transmit my heavyweight ideas around the world. Here in Trento in northern Italy, the broadband hasn’t been upgraded since the
Global Market Comments July 26, 2023 Fiat Lux Featured Trades: (MY 2023 LEAPS PROGRESS REPORT) CLICK HERE to download today's position sheet.
Lately, my followers have been screaming for more recommendations for LEAPS, or Long Term Equity Anticipation Securities. LEAPS have the identical structure as a front month vertical bull call debit spread. The only difference is that while front month call spreads have expiration dates of less than 30 days, LEAPS go out to 18-30 months.
Global Market Comments July 25, 2023 Fiat Lux Featured Trades: (TESTIMONIAL) (ELECTIONS IN DAYS GONE PAST) CLICK HERE to download today's position sheet.
Global Market Comments July 24, 2023 Fiat Lux Featured Trades: (PROGRESS REPORT FROM EUROPE – PART ONE) CLICK HERE to download today's position sheet.
I am now three weeks into a five-week European sojourn and things couldn’t be going better. I missed the US actors strike by a week, the England Southwestern Railway strike by three days, and the London Underground strike by two days. However, in Italy, I was hit by a one-day rail strike there. Better yet,
Global Market Comments July 21, 2023 Fiat Lux Featured Trades: (WHAT THE NEXT RECESSION WILL LOOK LIKE), (FB), (AAPL), (NFLX), (GOOGL), (KSS), (VIX), (MS), (GS), (TESTIMONIAL) CLICK HERE to download today's position sheet.
The probability of a recession taking place over the next 12 months is now low ranging as high as 20%. If it reaccelerates, not an impossibility, you can take that up to 100%. And here’s the scary part. Bear markets front-run recessions by 6-12 months, i.e. now. We’ll get a better read on the inflation
Meeting you in person at the Paris Strategy Luncheon was a true honor after following your newsletter for over 5 years. And, yes, I will admit it, I am addicted to it and signing up for your Mad Hedge Technology Letter the day it started was my best decision of the year. I am still