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Bitcoin Futures Begin Trading – Let The Madness Commence!

One of the things that I love about Bitcoin is that the fun never seems to end.  On Sunday, Bitcoin futures began trading on the Chicago Board Options Exchange for the first time ever, and within minutes the CBOE’s website crashed.  What a perfect metaphor.  Bitcoin and other cryptocurrencies are completely and utterly disrupting the global financial system, and the financial establishment is still groping for a cohesive response to this growing phenomenon. For a long time the financial establishment seemed to think that if they just kept publicly trashing Bitcoin and other cryptocurrencies that they would eventually just go […]

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Free Bitcoin Trading Next Week

As I told my Cycle 9 Alert subscribers on Tuesday, I’m no expert on cryptocurrencies. Still, I’m pretty sure 2017 will go down in the history books as the year of the Bitcoin bubble. It’s checking all the “classic bubble” boxes… Massive price gains. Up a hair more than 1,000% year-to-date! Trending on Google Search. Bitcoin now garners 7-times more Google searches than Kim Kardashian. And it’s an international hot-topic, with the U.S. representing just the 8th-largest volume of search queries. Non-investor interest. My wife is asking me about Bitcoin. She has no interest in investing, finance or economics. New […]

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Trading Wisdom From A JP Morgan Vet

Every once in awhile a few gems will surface through Wall Street’s noise. Such is the case with a departing note from Jan Loeys, a senior strategist from J.P. Morgan who has been at this game for over 30 years. In his final note, Loeys shares his thoughts on all the hot issues in finance and trading. The following are his most relevant comments to what we do at Macro Ops. The bolded emphasis is ours.    Quant  Vs Discretionary Quantitative techniques are indispensable, though, to deal with the complexity of financial instruments and the overload of information we face. […]

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Lessons From A Trading Great: Ed Thorp

Ed Thorp, the father of quant investing, might be the most impressive market wizard. He turned seemingly random processes into predictable events, transforming the art of speculation into a science decades before Wall Street’s quants became mainstream. His domination in the financial world began in the casino. Thorp figured out how to beat the most “unbeatable” games. In roulette, he created a wearable computer that gave him a 44% edge. And in blackjack, he developed the very first card counting system that’s still widely used today. These gambling skills transferred perfectly to markets. Thorp’s first hedge fund, Princeton Newport Partners, […]

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The Best Trading Podcasts For Global Macro Investors

These days we’re flooded with information with barely enough time to digest it all. To help solve this, our team at Macro Ops tunes into trading podcasts. With trading podcasts, all those hours you spend driving, doing chores, or working out can also be used to catch up on markets and learn something new. Below you’ll find a list of podcasts we listen to on a monthly basis to keep our game sharp. We’ve separated them into two categories — process based and news/commentary/narrative based. The process based podcasts help us develop our macro trading strategies while the commentary helps […]

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Is Manipulation to Blame for Silver’s Plunges?; Chris Powell: Futures Markets Give Trading Discounts to Governments

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll discuss the ongoing manipulation of the gold and silver markets with Chris Powell of the Gold Anti-Trust Action Committee. Chris tells us why he thinks the regulators are so powerless, the troubling authority that allows the government to legally rig markets, and what might happen to the metals if and when this manipulation finally comes to an end. Don’t miss a terrific interview with GATA’s Chris Powell, coming up after this week’s market update. Well, this week brought both good news and bad news for precious metals […]

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Lessons From A Trading Great: Amos Hostetter

Amos Hostetter cofounded Commodities Corporation (otherwise known as CC) along with Helmut Weymar back in 1969. CC is the trading shop that produced more legendary trading talent than the Yankees have All-Stars. Alumni include: Bruce Kovner, Michael Marcus, Paul Tudor Jones, Ed Seykota and more… Hostetter was considered the wise sage and mentor of the group. He’s credited with imbuing many of these trading greats with the wisdom and knowledge they used to achieve their grand heights. Upon his untimely death in a car accident in 1977, the directors of CC commissioned one of their traders, Morris Markovitz, to gather […]

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Donald Trump: The Embodiment Of Trading Greatness

Paul Tudor Jones, Bruce Kovner, Jesse Livermore… forget about em. The only name you need to know when it comes to trading greatness is Donald Trump. He’s everything a trader should aspire to be. When it comes to having “strong opinions, weakly held”, Trump has EXTREMELY strong opinions, EXTREMELY weakly held. At the beginning of his campaign, The Donald was 2000% sure that China was a currency manipulator. But after a single piece of chocolate cake with his new buddy Xi, China was a problem no more. In fact, that piece of cake was SO good that Trump is now […]

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Trading A Le Pen Win In The French Elections

Success in the markets requires thinking in possibilities. A great trader understands the permanent information deficit he’s faced with and why it makes market prediction impossible. All he can do is plan for a range of reasonable outcomes and adjust his strategy as new information presents itself.   In the latest issue of our Macro Intelligence Report (MIR), we discussed the reasons for the rise of populism across the Western world and how it’s currently impacting the Soros-style false trend in European equities. To review, a Soros-style false trend develops when a narrative is founded on untrue assumptions, and yet […]

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Paper Gold Trading Market Continues To Depress Price

How do you depress the physical gold price? It’s quite easy… you throw $ 10 trillion paper dollars at it. Not only did global paper gold trading amount reach a new record in 2016, it surpassed the previous year’s total by nearly 50%. This is simply amazing when we look around at the staggering amount of insanity taking place in the financial markets. With the economic and financial markets sitting at the edge of the cliff, it would seem prudent for investors to curtail their highly leverage bets in the “Paper Gold Casino” and buckle down by purchasing real physical […]

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