ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
“Someone” really wants Arch Coal (ACI) to avoid breaking the buck. On August 5th, ACI traded as low as a buck per share before closing at $1.05/share. Two weeks later we learned Soros had been scooping up ACI shares. Trading volume on ACI has been much higher since then. On August 20th, ACI was back … Read more
It was fun while it lasted. The trades I described in coal in the wake of news of investments by George Soros seem to be coming to a decisive end. The recent bottoms have not yet given way but seems sure to do so in the coming days or weeks. Arch Coal (ACI) has swung … Read more
Coal is a dying source of energy. It has left a trail of tears in the stock market. Communities reliant on coal have been long-suffering. So I was quite surprised to read that George Soros bought back into coal stocks from April to June, 2015. This is the same man who once called coal a … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 17, 2012. Click here to read the entire piece.) Consol Energy (CNX) is the U.S.’s largest producer of coal from underground mines. {snip} The charts below show how CNX recently broke out and how it has traded relative to its … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 16, 2012. Click here to read the entire piece.) Last week, I demonstrated how the timing of QE2 provided a useful reference point for buying Freeport-McMoran (FCX) as part of a coming revision of the commodity crash playbook. In this … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 16, 2012. Click here to read the entire piece.) I have been writing more and more bearishly on the Australian dollar this year (for example, see “Reserve Bank Of Australia Seems Biased Toward More Monetary Easing“). After BHP Billiton (BHP) … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 26, 2012. Click here to read the entire piece.) Last week, I wrote about the opportunities arising from the crash in natural gas prices. On the morning of January 24, CSX Corporation, a railroad company, provided timely commentary on natural … Read more
This is an excerpt from an article I originally published on Seeking Alpha on December 28, 2011. Click here to read the entire piece.) The Federal Reserve’s second phase of quantitative easing (QE2) is slowly becoming a distant memory…{snip} The stark contrast between winning and losing stocks (S&P 500 index versus many commodity stocks) leaves … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) In July, I used ideas from Jeremy Grantham to lay out a case for taking advantage of a coming “commodities crash” to invest in and prepare for a future resource-constrained world: “Preparing for Profits in … Read more