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Bottom Feeding

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September 29, 2015

Bottom Feeding

Equities dropped lower overnight, once more making my point that throwing money at premature contrarian positions is tantamount to gambling –  sans the sun and pretty girls serving you drinks with little umbrellas.

So next time you’re ‘feeling lucky’ and your fingers are itching then do yourself a favor and instead charter a flight to Vegas. At least there losing money can be entertaining and if you play your carts right then other ‘perks’ are available to you – ahem.

That said I may be testing my luck by grabbing a small long position after a little bounce higher. Technically speaking this tape looks bearish as [...]

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Coiled Up To The Max

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September 15, 2015

Coiled Up To The Max

As you are probably already aware – the Federal Open Market Committee begins a two-day meeting on Wednesday and will deliberate the first interest rate increase in nearly a decade. Analysts seem to be split over the outcome however I would be rather surprised if the Fed decides to hike. Yes, there has been a lot of pertinent jaw boning since late last year. But behind all the spouted rhetoric hides very tangible fear about the shock waves a hike may cause. For one the Dollar would most likely punch massively higher – affording the mighty Mole an even more lavish and immoral lifestyle over here in poverty stricken Spain. Expect me to buy up massive amounts of property and [...]

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Inside The Mind Of A Retail Rat

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August 28, 2015

Inside The Mind Of A Retail Rat

In a column in the Financial Times at the start of the week, former Treasury Secretary Lawrence Summers, whom the Obama Administration passed over to appoint Yellen, argued that it would be folly for the Fed to raise rates. Damn it – this is going to be a boring one again – alright you can do this – this is important, pull yourself together…. Now Ray Dalio, the manager of one of the world’s biggest hedge funds, Bridgewater Associates, has weighed in on the debate… what the fuck does he know…  arguing that the Fed, rather than tightening policy (that is, raising rates), might well end up easing instead—purchasing bonds and pumping money into the [...]

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Heavy Metal Friday

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August 14, 2015

Heavy Metal Friday

The Eurogroup meeting is starting in a few minutes and I hope that it won’t blow too many of my setups out of the water. I’m already seeing a lot of talk of why Draghi may jawbone the Euro down, which is why I’m glad that I made several runs to the ATM over the past few days (meaning a short squeeze may be coming).

Anyway it looks like it’s going to be a heavy metal Friday folks! Gold is back down for a bit of mean reversion and I’m liking it long here.

Similarly silver may be a long here – I’m taking out a teeny weeny position with a stop below 15.250.

So yes, the Euro may drop lower today but in [...]

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