Skip to main content

Notes: Flight to hard assets, Felix Zulauf interview, and BP spill

Tuesday's notes, culled from our Twitter stream and our favorite blogs and news sources:

1. Matthew Simmons was interviewed on the Financial Sense Newshour, where he discussed the BP Gulf oil spill disaster with host Jim Puplava. Simmons says the spill
"could be the biggest ecological catastrophe the world's ever had".

2. Here's a weekly chart of BP I posted to Chart.ly this afternoon. Note that today's down move, the biggest 1 day drop in BP since 1992, has brought BP's share price down toward its 2003 & 2009 lows.

3. Richard Russell says the world's wealthy are fleeing fiat currencies, piling their money into hard assets such as gold, silver, gems, art, and beachfront real estate.

4. Bear Mountain Bull wraps up today's market action, and is on the lookout for short setups. Randy also points us to Puru Saxena's piece on the latest bubble-blowing actions of the world's central banks. Be sure to check that out.

5. Eric King interviews investor Felix Zulauf on the European bailouts, gold, and more. Many of you probably know Zulauf from his frequent Barron's Roundtable appearances. Thanks to John at Controlled Greed for pointing out this rare interview.

6. Speaking of which, Controlled Greed also highlights Kevin Duffy's recent talk at the Mises Circle in New York entitled, "Navigating the Financial Markets with an Austrian Compass". Highly recommended.

That's it for now, gang. Enjoy the links, and let us hear your thoughts.

Popular posts from this blog

Lessons from Hedge Fund Market Wizards: Scott Ramsey

Today we continue our series, "Lessons from Hedge Fund Market Wizards" , with a look at Jack Schwager's interview with Scott Ramsey of Denali Asset Management.  Ramsey, a futures trader and CTA who works on the island of St. Croix, spoke to Schwager about his first foray into the markets, his evolution as a trader, and the process he stands by to protect and grow his clients' money. 1) . Ramsey started trading in college. He was roped into the OTC metals market via a broker's ad in the Wall St. Journal. The broker charged customers a flat fee to buy and sell as much as they wanted in a particular market for six month. At the time, Scott was a novice and didn't know about futures, so he traded metals in this fashion through the inflationary run-up of the late 1970s. 2) . Scott had to rethink his trading strategy after he bought silver at $50 an oz., only to watch it collapse to $26 following a long string of limit-down days. He sold as soon as the market...

Finance Trends 2019 Mid-Year Markets Review

Email subscribers of the Finance Trends Newsletter receive the first look at new articles and market updates, such as the following piece, sent out to our email list on Sunday (6/14).   Hello and welcome, everyone! If you received our last email notice over the July 4th holiday, you'll know that this weekend's newsletter will serve as a mid-year market update and a follow-up to issue #29, " How to Reinvest in a Rising Market ".   Ladies and gentlemen, without further ado, let's start the show...  Finance Trends Newsletter: Our Mid-Year Market Review When we last spoke, back in February, the U.S. stock market was rallying off its December-January lows. As the S&P 500 and Nasdaq reclaimed their 200 day moving averages in February and March, it became increasingly apparent that a lot of retail investors (and perhaps some institutional investors) were left under-invested while watching this recovery move from the sidelines.  The U.S. stock ...

How to "Pull the Trigger" on Your Trading Ideas

In our last post, I quoted hedge fund manager, Jim Leitner on the importance of following up on your investment ideas.  Today I'd like to follow up and share some thoughts on how you can learn to consistently "pull the trigger" on your best trading setups and investing ideas. In order to help you do that, we'll take from the best and offer up key insights from interviews with top traders and trading psychologists like Alan Farley, Brett Steenbarger, and Doug Hirschhorn .  Now before we get to their key insights on overcoming trading anxiety and pulling the trigger on your trading ideas, let's remember what Jim Leitner said in his interview: "Learn to love to listen to people and when you hear something interesting, follow up on it. Don't just think, "Well that's an interesting idea" only to find out a year later that the company you could've bought shares in is now up 500-fold. You never want to say woulda, coulda, shoulda...