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August 10, 2011

Clue Jr.–Finance Edition


When I was a kid, we used to play Clue Jr. It’s the game where you have to guess who committed the crime where and with what weapon. Then, when I grew up, I started to play Clue Jr—Finance Edition. That’s the game where you try to figure out who left footprints all over the market as they rapidly tried to unwind some product. ... Read More
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August 5, 2011

Get Ready To Buy ‘Em…


For months now, I’ve been waiting for QE3. I know it is coming. I just don’t know when. Yesterday, we got one step closer. Right now, there is no political will for more money printing. The average voter realizes that printing money does nothing but raise his living costs through inflation, while helping out a small subset of the Wall Street population who likes ... Read More
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July 5, 2011

What Should Greece Do?


From time to time, one of my friends simply says it better than I could ever imagine saying it myself. I have known Peter Gianulis, manager of Carrelton Asset Management for years. He is one of the deepest thinkers I know of when it comes to the markets. His fund also happens to have one of the best track records out there. So without ... Read More
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June 25, 2011

Steady,…. Hold…. Hold…….


There’s this great scene in the Braveheart movie where the Scots are facing down an English cavalry charge. The Scots are armed with spears and they want to wait for the moment of maximum surprise before springing them on the advancing cavalry. William Wallace (Mel Gibson) keeps trying to get his troops to be patient and wait. “Steady, hold.., hold…, hold…..” Whenever I’m looking to buy ... Read More
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May 15, 2011

Volatile Silver…


Every few months, silver has a stunning collapse and the whole world seems astonished by the ferocity of the move. I think it’s time that we all take a step back and accept that silver is a wild animal. At any time, it can move 30% and that isn’t out of the normal—in fact, that is the normal. Every single investment product has its ... Read More
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April 17, 2011

Flash Crash To The Upside In Gold


Traders like to talk about panics or crashes–“The Panic of 1907” or “The Crash of 1929.” Usually crashes involve something dropping in price. I have this funny feeling that the panic of 2011 will be upwards. There has been a slow move into hard assets for years now. One by one, investors are beginning to understand the meaning of what the Federal Reserve intends ... Read More
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March 31, 2011

The Undead Are Rising!!!


In Canada, there is a healthy tradition of early stage mining ventures masquerading as public companies. Most of these businesses start as private deals amongst friends who pool their resources to see a company through the expensive listing process. The average check size is only a few thousand dollars. If you’re wrong, it doesn’t cost too much and the upside can be huge if ... Read More
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March 17, 2011

WOW!


North Africa is smoldering, Japan just got soaked by a tidal wave and a radioactive debris cloud may or may not suddenly appear. The PIIGS continue their slow financial collapse and QE II will end in a few months. The world we live in is a crazy place. On Sunday night, I watched in awe as the Japanese stock market lost nearly 10% in ... Read More
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March 12, 2011

Coup d’Etat


Coup d’Etat: A Practical Handbook by Edward Luttwak is one of those great books that you can read repeatedly and learn something new each time. Clearly, I’m not in the business of staging a coup against anything. Rather, I appreciate the intellectual purity of contemplating such an abstract concept. The permutations and divergent courses you can take in your ambition only add to the complexity ... Read More
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