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A beautiful takedown

Christopher Galakoutis — Sat, 07 May 2011 09:19:00 -0400

In this post the recent declines in the metals is discussed as well as a discussion on the opportunity that has developed in these metals, the uranium and geo-thermal sectors.

Let them eat cake

Christopher Galakoutis — Sun, 27 Mar 2011 23:24:00 -0400

In this post we look back to John Law and France in 1720, as well as a new stock pick in the diamond mining sector.

Revisiting the reasons behind QE2

Christopher Galakoutis — Sat, 05 Feb 2011 15:33:00 -0500

In this post we are reviewing whether the Fed's purchases of Treasuries are inflationary, as most pundits seem to think. We also discuss a change to the portfolio's choice of holdings for its short exposure.

What is the Gold market telling us?

Christopher Galakoutis — Sun, 09 Jan 2011 16:30:00 -0500

I wanted to kick off the New Year talking about a subject matter I have been thinking about at great lengths in the last few months, and have also written about in several posts over that time.

Specifically, I want to document my current thoughts on the gold market, the US official gold r...

Dec/10: Portfolio updates

Christopher Galakoutis — Thu, 09 Dec 2010 11:08:00 -0500

In this month’s post I wanted to focus a little more on our portfolio, and discuss some of the recent changes.

Our core position has not changed, that being a steadfast short position when it comes to the major market indexes in the US, Canada and Europe.

A few of our hedges...

Nov/10: Stay the course

Christopher Galakoutis — Sat, 06 Nov 2010 13:08:00 -0400

...p>With the craziness of this past week’s news out of the way we can now look to what the next few months might bring....br /> ...br /> Before we get into that however let’s make one thing clear. This past week changed absolutely nothing as far as I am concerned....br /> ...

October/10: The Inflationists� Flawed Thinking

Christopher Galakoutis — Sat, 02 Oct 2010 16:49:00 -0400

It appears that the subject of deflation, and the risks of a significant deflationary depression that up until now only a very few analysts have seen fit to write about at length, has seen a growing awareness in the US mainstream financial press.

Yet given the potential devastation for no...

September/10: Time to take cover

Christopher Galakoutis — Thu, 02 Sep 2010 12:48:00 -0400

There has been much talk of late as to how close the yield on 10-year government bond rates around the world are to those of stocks.

Some bulls view this as an opportunity to buy stocks, some even calling it an irresistible opportunity. There has been a huge rally in bonds fr...

August 2010 -- Summer rally, Fall blues

Christopher Galakoutis — Mon, 02 Aug 2010 21:12:00 -0400

This month’s post will be rather abbreviated as we buy time here with the summer rally since the start of July.

The risk trade has been back on since that time, with stocks and junk bonds rallying in tandem. As have commodities and anything else that does well when caution is...

July/10: The Fed is trapped, and it knows it

Christopher Galakoutis — Thu, 01 Jul 2010 11:49:00 -0400

I would like to discuss the topic of money supply in this months post, and end it with a discussion of gold and a set up we are looking for to get us excited again about certain gold juniors we are looking at closely and may act upon if, as we expect, gold corrects over the course of the next few...

June/10: The Evils of Inflation

Christopher Galakoutis — Tue, 01 Jun 2010 21:28:00 -0400

Speak to any retiree on a fixed government pension and they would tell you that monthly benefit checks do not buy as much as they used to.

The culprit of course is inflation, and it has been ravaging savers for many decades.

The word "inflation" is overused and mi...

Special Alert -- What a difference a week makes

Christopher Galakoutis — Sun, 09 May 2010 10:23:00 -0400

When May’s post was published last Friday, April 30, there wasn’t a cloud in the sky.

One week later, all hell has broken loose, including a day (Thursday) that some of the most seasoned Wall Street pro’s place in the top 5 wildest days they have ever seen, includ...

May 2010: Bankrupt countries everywhere

Christopher Galakoutis — Fri, 30 Apr 2010 21:02:00 -0400

What was it about that day in March last year when a intermediate term bottom was reached and the markets started their grind higher? They certainly don’t ring bells at market turns.

There is no predicting these things with any certainty to be sure; what we can try to d...

April 2010: Making sense of what the bond market might be thinking

Christopher Galakoutis — Fri, 02 Apr 2010 17:12:00 -0400

It has been said that the smartest money is typically found in the bond market, which is many times bigger than that for stocks. I agree, and so I believe it is critical to watch the bond market closely for clues as to what some of the smartest money around the world might be thinking.

...

March/10: The Japanese Deflation Experience has Relevance for the US

Christopher Galakoutis — Sat, 27 Feb 2010 15:41:00 -0500

I wanted to focus this month’s post on a discussion of the Japanese experience of the last 20 years, and their continuing deflationary environment.

Japan’s economy, stock and real estate markets were the envy of the world in the 1980’s. I distinctly remember a coll...

Feb/10 Issue: Imminent market decline to steamroll rebound gimmicks

Christopher Galakoutis — Sat, 30 Jan 2010 11:29:00 -0500

...>As discussed in recent posts starting with my “Curtain Call” piece from last October, we have witnessed a steady but unequivocal turn towards anger and negativity in this country. And most deservingly towards Wall Street, which is a good thing as far as we are concerned.

...

Portfolio Update

Christopher Galakoutis — Sun, 10 Jan 2010 15:18:00 -0500

I wanted to update everyone on our portfolio and the current strategy, as well the latest addition from this past Friday: a gold junior will huge potential.

As subscribers will note, we are the most defensive we have been since the start of this letter. Reasons for this have been en...

Gold: Where to from here?

Christopher Galakoutis — Tue, 05 Jan 2010 22:01:00 -0500

Gold started out 2010 with a bang yesterday, climbing over 20$ an ounce. While nowhere near the $1200+ all time high mark it attained earlier in December, it most certainly inspired confidence in gold bugs smarting after nine consecutive years of gains, with most calling for fresh all time...

Flight strategies to follow exit strategies

Christopher Galakoutis — Sun, 06 Dec 2009 16:39:00 -0500

I held off posting this month’s report in order to see how the rally in gold, which seemed to be a daily event for a couple of weeks, would play itself out.

On Friday, the gold price took one on the chin, in its biggest drop in over a year. Why did this happen? Because o...

Interim Update: More hedging

Christopher Galakoutis — Tue, 10 Nov 2009 18:39:00 -0500

It is clear that the market has come a long way from its lows in March. All assets have basically gone straight up, with the US dollar the exception.

But we have reached levels that scream out from a technical point of view. Hitting technical tops, such as 50% retracement leve...