Hi Peter, yes I find the new restrictions make trading more
complicated. For-example replicating the BPT SPY system trades -
yes it can be done via spread betting but that can be hard to
control because of the leverage available and the need for ultra
disciplined approach. Personally I don't like SB and of I'm not
sure what sort of protection is in place should the gods ever allow
the markets to tank.
Another possible solution is to trade the UCITS listed ETF's
such as IUSA (iShares S & P 500) and VUSA (Vanguard S & P
500). Others exists such as EQQQ, QQQS, CNX1, RTOW, SPX5. I'm yet
to find one that tracks the SPY. Best of luck.
Posted by jamtoday on 12th of May 2011 at 01:58 pm
See
Interestingly, the
decline in precious metals has led to a very swift reassessment of
their prospects by speculators and investment advisers alike. The
closed end gold & silver bullion fund CEF is once again trading
at a discount to its net asset value and there have been outflows
from the Rydex precious metals fund that have brought its
cumulative cash flow ratio to one of the lowest levels of recent
years. In addition, Mark Hulbert's HGNSI (Hulbert gold newsletter
sentiment index) – a measure of the average gold exposure
recommended by gold timing newsletters, hasplunged from a very high 73.7%
to just 7% in a matter of days. It has in fact
moved from one of the highest to one of the lowest readings of
recent years in what appears to be record time. As Mr. Hulbert has
put it:
“This sixty-seven
percentage-point reduction in a week’s time is impressive, and most
definitely enough to get the attention of contrarian
analysts.”
Posted by jamtoday on 15th of Apr 2011 at 02:23 pm
Anyone else watching the way in which MGH falling. Also
lackluster response of many big gold stocks to the move up in GLD
last 4 days. See ABX & AEM prime examples.
Posted by jamtoday on 17th of Mar 2010 at 03:52 pm
Watching Treasuries. Thanks Matt & Steve for the long picks.
But I'm concerned by how Govt bonds don't seem to agree with daily
bullish market action. Stepping back for now.
Posted by jamtoday on 28th of Jan 2010 at 09:55 am
Hi,
Pure copper you can go with SCOP (London stock exchange but
purchase in USD), personally I hate the thin trade on that one so
go with the broader industrial metals ETF called DBB, which I
short.
Of course another alternative is to go short on the miners PCU
(Southern Copper Corp) being the stock that comes to mind.
With respect, I see the inverse TLT near breakout.
Counterintuitive I know with the massive debt, but Japan managed a
bigger debt, multiple stimuli and bond rates continued to fall and
remain at untra low levels.Deflation play.
"because their market positions are so large, cannot hold their
entire positions in commodity contracts. Instead, they hold a
majority of their position on over-the-counter swaps. Changes in
these positions behave differently than one would expect.
Posted by jamtoday on 10th of Jun 2009 at 09:35 am
Deeply interestinf 5 min interviewon CNBC yesterday
Rebound in BDI May be a False Dawn
The stellar rise in the Baltic Dry Index is possibly a bit of a
false dawn, says Tim Huxley, CEO of Wah Kwong Shipping. He tells
David Roche of Independent Strategy Limited & CNBC's Martin
Soong why he sees shipping rates readjusting downwards
Interesting difference between FCG and UNG - FCG is the First
Trust ISE Shares Revere Natural Gas Index Fund seems a better play
than the UNG. But, much lower volume
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Sorry clarification - I'm yet
Question for any BPT members that are UK residents : ...
Posted by jamtoday on 1st of Feb 2018 at 02:11 pm
Sorry clarification - I'm yet to find an ETF that I can trade on US exchanges that tracks the SPY and qualifies under the new rules.
Hi Peter, yes I find
Question for any BPT members that are UK residents : ...
Posted by jamtoday on 1st of Feb 2018 at 01:33 pm
Hi Peter, yes I find the new restrictions make trading more complicated. For-example replicating the BPT SPY system trades - yes it can be done via spread betting but that can be hard to control because of the leverage available and the need for ultra disciplined approach. Personally I don't like SB and of I'm not sure what sort of protection is in place should the gods ever allow the markets to tank.
Another possible solution is to trade the UCITS listed ETF's such as IUSA (iShares S & P 500) and VUSA (Vanguard S & P 500). Others exists such as EQQQ, QQQS, CNX1, RTOW, SPX5. I'm yet to find one that tracks the SPY. Best of luck.
German Vote
Any European members here care to share their insights on ...
Posted by jamtoday on 6th of Sep 2011 at 10:28 am
Best take on what will happen from Ambrose Evans-Prichard who has been way ahead on his reporting for sometime. See http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8740389/German-endgame-for-EMU-draws-ever-nearer.html
Impossible to call. A no vote has such immense consequences & so I would not expect a clear cut verdict.
Gold CEF & sentiment
Posted by jamtoday on 12th of May 2011 at 01:58 pm
See
Interestingly, the decline in precious metals has led to a very swift reassessment of their prospects by speculators and investment advisers alike. The closed end gold & silver bullion fund CEF is once again trading at a discount to its net asset value and there have been outflows from the Rydex precious metals fund that have brought its cumulative cash flow ratio to one of the lowest levels of recent years. In addition, Mark Hulbert's HGNSI (Hulbert gold newsletter sentiment index) – a measure of the average gold exposure recommended by gold timing newsletters, has plunged from a very high 73.7% to just 7% in a matter of days . It has in fact moved from one of the highest to one of the lowest readings of recent years in what appears to be record time. As Mr. Hulbert has put it:
“This sixty-seven percentage-point reduction in a week’s time is impressive, and most definitely enough to get the attention of contrarian analysts.”
MGH Minco
Posted by jamtoday on 15th of Apr 2011 at 02:23 pm
Anyone else watching the way in which MGH falling. Also lackluster response of many big gold stocks to the move up in GLD last 4 days. See ABX & AEM prime examples.
TLT Govt bonds
Posted by jamtoday on 17th of Mar 2010 at 03:52 pm
Watching Treasuries. Thanks Matt & Steve for the long picks. But I'm concerned by how Govt bonds don't seem to agree with daily bullish market action. Stepping back for now.
http://stockcharts.com/h-sc/ui?s=TLT&p=60&yr=1&mn=0&dy=0&id=p47495576336&a=171685554
TLT
Posted by jamtoday on 29th of Jan 2010 at 01:22 pm
Big move in TLT today - flight from the Euro? Chart for anyone interested.
http://stockcharts.com/h-sc/ui?s=TLT&p=5&yr=0&mn=1&dy=0&id=p13184528863&a=176967435
short copper
short copper etf
Posted by jamtoday on 28th of Jan 2010 at 09:55 am
Hi,
Pure copper you can go with SCOP (London stock exchange but purchase in USD), personally I hate the thin trade on that one so go with the broader industrial metals ETF called DBB, which I short.
Of course another alternative is to go short on the miners PCU (Southern Copper Corp) being the stock that comes to mind.
Hope that help
TLT
Posted by jamtoday on 25th of Sep 2009 at 11:59 am
TLT breakout?
TLT
Posted by jamtoday on 23rd of Sep 2009 at 11:10 am
Triangle break
http://stockcharts.com/h-sc/ui?s=TLT&p=5&yr=0&mn=1&dy=0&id=p13184528863&a=176967435
TLT
Posted by jamtoday on 1st of Sep 2009 at 10:18 am
Unusual TLT action. Possible day trade or that's how i have been playing it.
Anyway here is the chart for anyone interested.
http://stockcharts.com/h-sc/ui?s=TLT&p=5&yr=0&mn=0&dy=10&id=p85147847324&a=176967435
TBT / TLT
TBT
Posted by jamtoday on 8th of Jul 2009 at 09:30 am
With respect, I see the inverse TLT near breakout. Counterintuitive I know with the massive debt, but Japan managed a bigger debt, multiple stimuli and bond rates continued to fall and remain at untra low levels.Deflation play.
http://stockcharts.com/h-sc/ui?s=TLT&p=30&yr=1&mn=0&dy=0&id=p60603544125&a=172446269
With appologies for the basic charting skill
Title: USO UNG Anyone still interested
Posted by jamtoday on 18th of Jun 2009 at 12:10 pm
Anyone still interested in the USO UNG discussion?
Could $30/bbl Oil Happen Before New Year’s Eve?
http://europe.theoildrum.com/node/5496
Helps explain weird behaviour ...
"because their market positions are so large, cannot hold their entire positions in commodity contracts. Instead, they hold a majority of their position on over-the-counter swaps. Changes in these positions behave differently than one would expect.
Baltic Index
Posted by jamtoday on 10th of Jun 2009 at 09:35 am
Deeply interestinf 5 min interviewon CNBC yesterday
Rebound in BDI May be a False Dawn
The stellar rise in the Baltic Dry Index is possibly a bit of a false dawn, says Tim Huxley, CEO of Wah Kwong Shipping. He tells David Roche of Independent Strategy Limited & CNBC's Martin Soong why he sees shipping rates readjusting downwards
http://www.cnbc.com/id/15840232?video=1145067548&play=1
UNG Nat Gas
Posted by jamtoday on 4th of Jun 2009 at 10:23 am
Good feature on US Nat Gas - see www.theoildrum.com
http://www.theoildrum.com/node/5459#more
ung
to anybody
Posted by jamtoday on 21st of May 2009 at 12:37 pm
UNG trades bad. Try FCG but much less volume
EEV
Posted by jamtoday on 23rd of Apr 2009 at 09:03 am
For all those holding EEV or with an interest in emerging markets see
http://www.ft.com/cms/bfba2c48-5588-11dc-b971-0000779fd2ac.html
This is a 'short view video' from the excellent John Authers - and he talks about the IMF fears of a new credit crisis.
Nat Gas & UNG
Posted by jamtoday on 6th of Jan 2009 at 11:19 am
Interesting difference between FCG and UNG - FCG is the First Trust ISE Shares Revere Natural Gas Index Fund seems a better play than the UNG. But, much lower volume