Posts Tagged ‘Futures’

Breaking News! North Korea buys Russian Oil with Euro, European court issues arrest warrant for a Dutch programmer at ECB. Although it was the job of ECB programmer to improve the functionality of the ECB printing press. The court decided that because North Korea used some of the newly printed money to buy Russian Oil,…

Another week has passed, and it seems more traders are on the beach than in their offices. There are lots of stories on LinkedIn, but most of them are just promotional. I am spending much of my time arranging my Airbnbs and ensuring my guests have a decent holiday visiting Portugal. Sadly, the same cannot…

Years of dedication and effort paid off! A team of people, who suffered to become the best at what they do, have finally achieved the success they have earned. As an Englishman, I can’t remember when I was so proud of English footballers, or at least it’s been a long time (I was nine years…

Once again, it’s been a week with very little substance to report. Joe Biden is still the worst President in American history. Last week he told us he had cancer, 24 hours later, they told us he had Covid. This week I expect they will say to us he has caught Monkey Pox! (which he…

Summer “silly season” is upon us, and if you are not now taking a well-earned break, you should do it. Downside momentum is still with us, but it has dramatically decelerated to a point where some people are now looking to go long for a quick rally. I hope the rally takes place because it…

As I’ve never been a salesman, my direct involvement with non-professional investors has been minimal, However, that does not mean I have not received complaints when my advice goes wrong, and investors lose money. After spending hours on the phone and listening to clients’ complaints, salespeople can become much angrier than their investors, and they…

The sun is shining, the holidaymakers are happy, and it’s time to enjoy life. We are still far from seeing a return to economic growth, but by now, most people have committed to what they will do investment-wise, so what’s the point of remaining grumpy? We’ve all made our bets. Now it’s time to see…

6-months later, and YouTube is suddenly awash with videos by esteemed oracles, claiming, “Most people do not know what’s coming”. Hopefully, the readers of my shit have been preparing for months!   Today’s social media, like the mainstream media, is about as valuable to traders as bicycles are to a fish.   SP500 has had…

I am not one for delving deep into every technical product’s nitty-gritty. But it appears that there are a few programming errors across the crypto blockchain industry, which is worrisome.   I am no expert on such matters, and it would be wrong for me to criticize or point fingers, but there is no question…

That’s a song by Martha Reeves and the Vandellas from 1965. It is also the current situation for the whole of humanity. Having preached about the coming of the present economic situation for over 6-months, I am not going to carry on preaching.   Let me discuss where I am. I have fared much better…

Do you know enough about market movements to keep your money invested?   With a very impressive start to the week, the gung-ho brigade started to flock back to social media and forecast massive gains. Yet 24-hours later, all we could hear was, WTF! Emotion is a beautiful thing!   Back in the real world,…

In these crazy times when global economies are about to fall off the cliff, there are some questions we need to ask.   No one knows what will happen tomorrow, so everything is a guesstimate. Qualified, maybe, but still a guesstimate.   Most serious analysts are still expecting weakness as we go forward, both on…

Before HODL came into the lexicon, we used to say, if in doubt, get out. With the short-term picture becoming increasingly uncertain, I have lightened up my exposure to most speculative instruments.   I have in my wallet a few coins which I have discussed over recent weeks, which I have been lucky enough to…

Today, my oldest contract should have come into play. But the government cheated me by unilaterally changing the terms and conditions.   When I started paying into my pension back in the 70s, they told me I would start receiving it today…on my 65th Birthday! However, somewhere down the line, some young civil servant decided…

Sometimes it is challenging to assess how much people need to lose before the penny drops. This time, it has taken months for some, which is costly.   I am an Old Bear trader, and it never ceases to amaze me how long it takes before people accept that a bull market is over. It…

This week, I am back in the UK to see my old Mum and catch up with family before the tourist season takes off in Portugal. In a few weeks, we will be invaded by what the locals call Seagulls: Visiting tourists who make a lot of noise and leave shit everywhere.   As expected,…

This week we have seen more signs of the impending economic collapse. Indeed, the only thing that’s been good news is Elon Musk’s takeover of Twitter. For this old anarchist, it’s been a strange week in more ways than one. Firstly, getting the market direction right is something we all try to do. On the…

Although you find it difficult to see things close up, your vision of things further away seems to improve significantly. Last week, I went to Lisbon to enjoy some valuable face-to-face time with a few old friends. I do not have the opportunity to do this as much as I would like, but it is…

This week, I have been in Lisbon, catching up with a few people and chewing the fat with some of my old mates. Peter Kristensen of JPFS and Pedro Borges and Luis Alves Gomes, the co-founders of Criptoloja.   It’s great to hear that your mates are doing so well and being out of my…

Firstly, it kicks Russia out of SWIFT, which means Russia will no longer sell its oil and other commodities in dollars, or perhaps Euros, and will now only price in Rubles or other currencies it accepts, i.e., Yuan. This move by Russia and China will make Petrodollars a thing of the past and severely damage…