The Black Swan On Gold, Bonds, Summers & Bernanke...
This is a rare treat, three of the most interesting,
independent, and irreverent market mavens in the world,
all on one video.
Here's Nassim Nicholas Taleb, Hugh Hendry, and Marc Faber.
This is from the "Russia Forum 2010" that was held in Moscow,
last Wednesday, Thursday, and Friday.
The Black Swan really lets it fly, saying "every
human being on earth should be short U.S. Treasuries."
Taleb also says the only reason Larry Summers would ever travel
to Davos, is because he doesn't have a clue what's going
on, and is hoping to find someone who does.
He also says that any time you see Ben Bernanke appear on
television, if he still has his job at the Fed, make sure
you're still real short U.S. Treasuries.
A few of Taleb's favorite trades come up at the beginning
of the video around the 11 minute mark...
-- A paired ratio trade: Short the S&P/Long PM's (Gold,
Silver, Palladium, Platinum) at a ratio of 1.5 to 1.
-- Make a small bet on maximum out the money LEAP puts on
the S&P and US Treasuries (short both).
-- Make a small (hyperinflation) bet on maximum out of the
money LEAP calls on gold & PM's.
Hugh Hendry says, "who cares about anyone's opinion."
Because it's not their opinion that makes money, it's what
they do with that opinion that makes money. ie: 2 people can
both be bearish on bonds. One can make a fortune, and the
other can lose his shirt. It's how and when you execute those
ideas that determine if you make money, and how much you make.
Hugh Hendry on China:
"Confucius say, wise man not invest in over capacity."
"China and commodities is the same trade."
So don't be long both, and you can use one to hedge the other,
ie: the UltraShort FTSE/Xinhua China25 Proshares FXP
to hedge your HUI gold shares:
Lot's of great stuff, Hugh Hendry with some interesting
contrary opinion, and Marc Faber as always, with some
very interesting thoughts on metals, currencies, and
emerging markets.
This is video #3:
2010.therussiaforum.com
*Make sure you click "eng" for english, in the lower
right corner of the video box, next to "pyc".
If you're really into trading, plan on staying up late,
or getting up early to watch this in it's entirety, and
do so without any other distractions.
To be multi-tasking while watching this is pure blasphemy.
This is pure tRaDiNG cRaCK.
SOTB |
