Global Market Comments November 4, 2009 Featured Trades: (GOLD), (BRK/A), (BNI), (UNP), (CSX), (KCSR), (OBAMA), (HEDGE FUNDS)1) News broke this morning that, out of the blue, the Reserve Bank of India bought 200 metric tonnes of gold from the IMF for a handy $6.8 billion. The news set the gold market on fire, boosting the
Global Market Comments November 3, 2009 SPECIAL ?END OF JAPAN? ISSUE Featured Trades: (NIKKEI), (YEN), (JGB), (ATLANTIS JAPAN GROWTH FUND), (LSE-AJG)1)? Having spent a decade living in Japan sharing shoe box sized apartments, living on fish heads, rice, and instant ramen, I am something of an authority on that enchanting country. I spent the seventies
Global Market Comments October 30, 2009 Featured Trades: (SPX), (TBT), (FISKER AUTOMOTIVE), (TAR SANDS) NOTE TO READERS: There is a short letter today, as a cable has snapped on the San Francisco Bay Bridge, slicing though a car, and shutting down Interstate 80. Mercifully, the startled driver was spared. I am holed up at the
Global Market Comments October 29, 2009 Featured Trades: (GOLD), (DOW), (BRAZIL), (EWZ)1) A few years ago, I went to a charity fund raiser at San Francisco's priciest jewelry store, Shreve & Co., where the well heeled men bid for dinner with the local high society beauties, dripping in diamonds and Channel No. 5. Well fueled
Global Market Comments October 28, 2009 Featured Trades: (ROACH MOTELS) (FCX), (COPPER), (DOLLAR), (ALTERNATE RESERVE CURRENCY), (LONDON OLYMPICS)1) This is how you trade this market. Buy the dips on any pull back in any asset, keep a tight stop loss, and run like Hell if it get?s triggered. No doubling up or leaning in. There
Global Market Comments October 27, 2009 Featured Trades: (CIA), (TBT), (DBA), (FCX), (USO), (TM), (CVX), (XTO), (RSX), (GOOG), (BIDU) 1) Lunch with the Central Intelligence Agency is always interesting, although five guys built like brick shithouses staring at me intently didn?t help my digestion. Obama?s pick of Leon Panetta as the agency?s new director was controversial
Global Market Comments October 26, 2009Featured Trades: (CANADIAN DOLLAR), (FXC), (AUSTRALIAN DOLLAR), (FXA), (NEW ZEALND DOLLAR), (BNZ), (RSX), (OIL), (ZACHARY KARABELL)1) It?s all about the dollar, which I have despised all year like the red headed stepchild it has become (click here for my initial recommendation). The assured onslaught of federal debt issuance headed our
Global Market Comments October 23, 2009 (SPECIAL WHEAT ISSUE) Featured Trades: (AGU), (POT), (MON), (DBA), (CAT), (JON STEWART) 1) With December wheat (WZ09) tickling $5.48 yesterday, the e-mails are now pouring in from farmers, co-ops, and silo managers in the Great Plains states offering reasons why it should go higher. The Northern states and much
Global Market Comments October 22, 2009Featured Trades: (XOM), (DBA), (USO), (RJI), (AFRICA), (AFK), (GAF), (EWH, (FXI)1) Those of you searching for the 'new normal' better take a close look at the China National Offshore Oil Company's (CNOC) efforts to top Exxon Mobil's (XOM) $4 billion bid for development rights to a giant new field off
Global Market Comments October 21, 2009Featured Trades: (GOOG), (MS), (1987 CRASH), (CVA), (AMSC)1) When people ask me what is the one stock they should put in their kid?s college fund and forget about, I always give them the same company: Google (GOOG). The toll taker for the Internet that controls 70% of the global market