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It might be time for us to grab a pint…and short one of our favorite whipping boys once again. The British Pound – the only currency that may actually be sicker than the US dollar (two turds circling the bowl really) – looks like it’s recent rally may be running out of steam. Grab a […]
Gordon Brown appears to now have fulfilled his destiny as one of the worst leaders in the UK’s illustrious history, as he tossed the final nail in the coffin of a wheezing economy, courtesy of a budget that would make one of Ayn Rand’s villains blush. Brown, like most politicians, appears to have read few […]
Jim Rogers tells Bloomberg News that he would avoid investing in the U.K., and that he’s sold all of his Pound Sterling. He also mentions he’s been buying Chinese shares and commodities (agriculture, metals, and energy) since the October/November “selling climax.”
Top posts from the past week: Marc Faber: The 2009 Global Economy Will Be A “Total Disaster” US Bailout Price Tag Heading for $10+ Trillion(!) Yearly Oil Demand Drops for 1st Time in 25 Years Consumer Credit Crisis: The Next Shoe to Drop A review of my futures trades from the previous week: Covered my […]
A special Blogging the Commodity Bull Market shout out to my good friend Lance, who works at a prominent New York investment bank. Lance (name altered to protect the innocent) is a regular reader of our blog, though he is strictly forbidden from commenting whatsoever due to his professional ties. Via a text message exchange […]
Now THAT’S the way you trade! Two solid weeks in a row – I’m feeling good about things, back in control, following trends like I should be. A review of my trades from the week that was: Closed out my Coffee long position – I closed this out on Thursday just north of the 143 […]
A contemplation on my trades from the week that was: Shorted the British Pound (again) – Roll over, Sterling! The trend is my friend, the trend is my friend, the trend…bad economic data keeps on coming from the UK. This move was long overdue. Went long Coffee – I absolutely DON’T like the way coffee […]
A jolly good day to you, dear reader chap. This morning, over tea and biscuits, I posed the following query to myself: Q: What’s better than one short British Pound contract? A: Well that’s easy, my good man – the answer is TWO short British Pound contracts. Check out this chart – is this dog […]
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