1) Trade School. I fielded a lot of questions at yesterday’s Macro Millionaire webinar on how I was able to make so much money with small positions. As of today, the year to date theoretical returns for the model portfolio is 34%, putting it in the top 1% of all hedge fund performance, and most of the time I have been 80%-90% in cash. Let me tell...

Jesse’s Cafe` Americain “The years from 1929 to 1933 were, for America, a succession of breaking idols and abandoned faiths, some of them the notions of willful children, some deeply ingrained in the character of the nation … By agreement with the Government, Banks placed an artificial value upon certain securities they held. Those...

by Karl Denninger How To Go Broke Trading Silver Futures

By Jordan Roy-Byrne, CMT Though Gold and Silver were able to make new highs in recent months, the gold stocks (as evidenced by GDX (large caps) and GDXJ (larger juniors) never did. We wrote of their relative weakness and how it was a warning sign for the sector. The shares failed to breakout and have fallen back into their consolidations at...

by Karl Denninger Oh my…. Raj Rajaratnam, the hedge-fund tycoon and Galleon Group LLC co-founder at the center of a nationwide insider trading crackdown, was found guilty of all 14 counts against him in the largest illegal stock-tipping case in a generation. The jury did not buy the argument that he was just “smart”; they instead...

by Tyler Durden–Submitted by Charles Hugh Smith from Of Two Minds Capital Exploits Labor: the U.S.-China Trade and Beyond In a classic Marxist set-up, Capital is free to exploit labor because labor is in surplus. The fundamental dynamics of the U.S.-China trade partnership–certainly the biggest economic story of this generation–boil...

By: Marc Sperling of T3Live Despite the sneaky two-day bounce we have seen to start the week, the market still feels like it is in correction mode. While the indices are holding up relatively well, I am seeing the risk off trade taking place increasingly. A lot of money seems to be rotating around to more value, dividend oriented sectors. These slower...

By: John Darsie of T3Live The market built on yesterday’s bounce, breaking above the pivot high from Friday as the dollar pulled off for the second day in a row. Last week a combination of factors had investors souring on the market. Troubling economic data points, the end of QE2, and new-found strength from the dollar triggered a sell-off in...

by Tyler Durden This one is just too good to pass by: the latest critic of US monetary, and budget policy, is none other than… Iran. From PressTV: “Iran’s President Mahmoud Ahmadinejad strongly criticizes US economic policies, saying that the paper currency created by the American government is taking a heavy toll on the global...

The Mad Russian, Mikhail Borisov has launched his Weekly Income Trader coaching program and I want you to check it out before it’s too late! Let me tell you why I think it is, hands down, one of the best trading opportunities of the past 10 years… and why you owe it to yourself to at least give it a try. Try Out the Weekly Income Trader Risk-Free...

David Banister - www.MarketTrendForecast.com What was I thinking trying to forecast a normal “wave 4” correction in Silver without the required insider information that the COMEX was going to raise margin/equity requirements four times in a week? My pullback silver low target of $40.10 was obliterated after two consecutive days of equity requirement...

Courtesy of Tyler Durden Now that HFTs are scrambling to find something, anything to replace the rebate-collection piggy bank that was Citi between $4 and $5, so far unsuccessfully, we get a glimpse of just how critical to the overal market HFT non-volume has been. In the first day of Citi trading post-split, total NYSE volume has now  plunged to...

By: Marc Sperling of T3Live On May 5th during the craziness of the silver decline on this blog Scott posted charts to provide a roadmap for traders to potentially cover shorts (if you hadn’t already) and look for a bounce type trade set up. As you can see on the chart this area was $33.50-35.25, and silver hit an intraday low of $33.58. Silver...

1) What a Week it Was! Five newsletters, four trade alerts, one webinar, and countless media interviews later, and the first week of May is finally over. What we had last week was a cascading series of flash crashes that started in silver, and spread like wildfire into gold, oil, copper, stocks, and the euro. Money poured into the safe haven of Treasury...

By: Evan Lazarus of T3Live My favorite setup today is in Baidu.com, Inc. (BIDU) short. After recent earnings BIDU has become what we believe to be a lower risk short sale candidate at these current levels given last weeks trading action which saw heavier volume selling early last week followed by a lower volume corrective bounce. This generally signals...