The media does a very poor job of interpreting financial and economic data, and telling the story. In most part, they do a poor job because they have poorly aligned incentives. They need eyeballs to make money.
As such, they continuously try to find ways to create “shock value.” That can affect your psychology as an investor. And that can create a barrier to making money as an investor.
That’s exactly what we’ve seen throughout the crisis that has resulting in the masses losing money early on, and then losing even more money throughout. And mis-information is exactly what we’ve seen this week. After Bernanke spoke on Wednesday, both Bloomberg and MarketWatch immediately ran headlines that said the Fed was ready to taper by end of year. Untrue!
First, the Fed said nothing different in its prepared statement. They stayed the course. But, in Bernanke’s speech, he laid out a scenario where the Fed would reduce its purchases and perhaps even end QE.
But there is a huge caveat that waters down the “shock value” for journalists.
For the Fed to dial down its QE, they would first need to see their VERY optimistic projections about the economy achieved.
To be precise, they think that unemployment will go from 7.6% to 7.2-7.3% by end of the year. IF it does, they may reduce the size of their current QE program. And IF their projections by mid-year 2014 are right, they may end this third round of QE all together. Their projection of unemployment at that stage would be 7%. (We should note that the Fed has been overly optimistic and largely wrong on economic projections throughout the crisis).
Now, it’s important to understand, these are VERY aggressive projections about the economy. For the most part, throughout the duration of QE3 unemployment has gone sideways – in the mid 7 percent area. Now, all of the sudden, they expect dramatic improvement in the coming months.
That’s great!
Does it mean the Fed is going to reduce QE? No! Does it mean they will IF their optimistic economic projections come true. Yes, likely!
Guess what? An aggressively improving economy is highly positive for stocks! It’s not negative! Economic shock is the “risk” that has overhung the stock market for years. QE has served to quell that risk. Guess what else quells that “shock” risk? A dramatically improving economy.
That means, investors will look at the valuation of the stock market, relative to its historical average valuation (usually a P/E multiple) and they will find great value in buying stocks.
But the media likes fear. It gets eyeballs and generates advertising dollars. So they have painted a scenario where reduced QE means a stock market crash. That could not be further from the truth. People that make money in stocks, use these mis-interpretations by the broader market as a gift to BUY, not sell.
And that’s precisely what sophisticated investors are doing.
Now, the real topic the media should be covering: Why is the Fed so optimistic about the economy all of the sudden?
It’s all about Japan. In a research note over the weekend to my clients, I said “IF the Fed does decide to ‘taper’ its current bond buying program earlier than they previously indicated, it’s a flashing message that the Fed thinks the impact of Japan’s (inflation-seeking) policies are going to pack a punch – enough so, that they could be concerned that the positive economic impact in the U.S. could be sharp enough eliminate the need for their QE program all together.”
Again, understand the Bernanke (the Fed) has committed trillions of dollars toward keeping the U.S. economy afloat in recent years, and has a vested interest in keeping stock values high and house prices on an upward trajectory. They would do nothing to jeopardize that.
Remember, the rest of the world continues to be early into a second wave of monetary easing – not tightening. That underpins the very dynamic that the Fed is hoping for – creating an environment where people are willing to take more risk, spend money and invest money.
Unfortunately, many of you can be influenced by the drama on CNBC or from scanning the headlines on the Wall Street Journal. With that, we know that some of your perceptions about the stock market are influenced. So today, I wanted to make sure you understand what the Fed REALLY said. And what the real backdrop is for the economy and the stock market.
Recall that throughout the past nine months, the stock market has risen nearly 20% (and our Billionaire’s Portfolio has risen as much as 30% during the period) all while the media was telling you to panic about one event or another. And sadly, many that hold themselves out to be investing professionals have been educated by watching CNBC and reading the opinions of journalists. We’ve told you along the way not to succumb to the bad information. If you have listened, well done!
With the potential for more global monetary stimulus to come next month, from the BOE and ECB, keep perspective on this (June) consolidation period for stocks. And we are given a gift to now buy against the prior all-time highs of 1576.
Bryan Rich
Cofounder of The Billionaires Portfolio
www.billionairesportfolio.com
I have been blessed in that I have worked for and had clients who were Billionaires. But there is one Billionaire I met during my hedge fund days that I will never forget, because he was one of the best options traders I have ever seen.
He had a 5 Step system for trading options that I use for my all my options trading today. I am going to share this with you today and I call this ” The Billionaires 5 Rules of Options Trading”
1) Never ever buy an Option (a Put or a Call) unless there is a catalyst or event. This means you only buy an option when there is an event that will dramatically move the price of the stock up or down. These events or catalysts can be anything from: Earnings Announcements, Fed Meetings, Economic Releases, an Activist Hedge Fund buying a stock to any type of corporate change, CEO, sale of a business unit, merger or acquisition. The key is to buy the option before this event occurs, you never ever want to buy an option after the catalyst or event. So in summary only buy an option when there is catalyst or event that will dramatically alter the price of the stock.
2) This Catalyst or Event must occur before the option expires. An easy example of this is Earnings, you only want to buy an option that expires more than a week after the earnings date. Again this means when you buy an option make sure you leave yourself enough time so that your option does not expire before the catalyst or event occurs.
3) The Option must be Cheap. This can be hard to measure but I like to keep it simple, I personally don’t like paying more than a $1 for any option. But if its a high priced stock, I will only buy the option it gives me at least 25 times leverage or more on the stock. Meaning divide the price of the stock by the actual option price. For example if the stock of XYZ is $100 do not pay more than $4 for the option on that stock, that’s the easiest way to make sure the option is cheap.
4) Only buy options in stocks that have low volatility. This means you want to buy options on stocks that have moved sideways of flat for months at a time. Look at a chart if there has not been a significant uptrend or downtrend in the last 3 to 4 months, there is a good chance that the volatility in the stock is low and the options are cheap. Also if you have options software, you can compare the stock and its options implied volatility and underlying volatility to its historical implied and underlying volatility. This may sound confusing but its the same premise value investors use, they buy stocks when they are cheap in comparison to what they historically sold for, so you want to buy options when the volatility is low or lower than what it historically has sold for.
5) Only buy options if you can make 200% or more on the option. This is very important, too many people buy options with no exit plan or profit target. You have to set a goal or sell point when you buy an option and to make it worthwhile from a risk reward standpoint. The option should have at least a 200% or more upside. Why 200%? because there is a good chance when you buy an option, you will lose the entire value or premium of the option (or 100% of your investment in the option) therefore to be rewarded for that risk you need to be able to make 200% or more in that option. Simply stated only buy an option when you have at least a 2 to 1 reward to risk scenario.
Now I will give you a real life example of an options trade I just made, where I only followed 2 of the 5 steps and it cost me dearly on my trade.
About two weeks ago I purchased a large quantity of put options on Silver, (The Silver ETF, Symbol SLV), that expired on June 28th. The option was very cheap I paid .$50 cents per option. So I followed steps 3 and 4, in that I purchased a cheap put option ($.50 cents) whose volatility was low, so the options were cheap not only in price but also cheap in terms of Silver’s historical volatility as well.
My big mistake though was not having the proper catalyst, I thought Silver was going to drop in price but I just wasn’t exactly sure why? I thought initially it would drop because the Job Numbers that were released 2 weeks ago would be strong and therefore would cause Silver to sell off. Also I thought Silver had broken a huge downward consolidation pattern and therefore it would drop 10% in the next couple of weeks.
Well the Job Numbers were good, and Silver sold off and I was up 100% on my Silver put options in 2 days, but instead of following the Trading Rules my Billionaire friend taught me, I took my 100% profit and went home.
Because of this I did not follow the 200% or more profit rule and I did not have the right catalyst, which turned about to be the Fed Meeting I therefore missed out on one of the biggest moves in Silver’s history, its 7% decline today.
By not following my Billionaire friend’s 5 Trading Rules for Options, I missed out a huge trade. I would have made 400% on my Silver Puts today instead of the 100% I made two weeks ago. So I learned first hand how much it can cost you by not following each and every one of the 5 rules above.
So my lesson to you is not only are these 5 Rules for Trading Options important, but even more important is that you make sure before you buy an option that you have followed each and every one of the 5 rules I stated above. Meaning do not buy an option unless it meets each and every one of the 5 rules.
To make it easy for yourself print out these rules and then before you trade an option make sure that you can check off each rule before you buy the option. If you do this I promise that not only will you greatly improve the success of your options trading but you will make a lot of money in the process as well.
Will Meade
President of The Billionaires Portfolio
www.billionairesportfolio.com
wmeade@purealpharesearch.com
I want everyone who owns a stock or ETF to read this: Bryan Rich as you know is a global macro hedge fund manager and top global macro strategist who publishes a weekly research piece to his institutional clients (his clients include some of the top hedge funds and wealthiest families in the world). Bryan is also very astute at analyzing and predicting what the FED is doing.
I have summarized below some of the key points from his research piece as well as the link to his actual research note.
“In recent weeks, people have become panic-stricken about the possibility that the Fed could reduce the size of its current QE program or “taper” it.
This topic has become a dominant focus and created much fear and uncertainty for average traders and investors. But, again, as we’ve seen over and over throughout this crisis period, people are focused on the wrong thing — they can’t see the forest for the trees.
Sure the Fed’s third round of QE, kicked off in September of last year, has been a big deal. It signaled/confirmed that even after two rounds of QE, trillions of dollars worth of backstops, bailouts and global stimuli, the global economy was at risk of another deep downturn. Unemployment was persistently high. Deflation was returning as a reasonable threat.
As such, the Fed’s third act was the warning signal for the rest of the world. And as such, we’ve seen another round of global monetary easing as the response to economic data that had been revisiting the levels we saw in 2009, when the global economic crisis was at peak intensity.
Now, after nine months and nearly $800 billion pumped into the financial system, U.S. employment is better. But it’s still too high and stagnating. And inflation is running at the lowest on record.
With that, what can the Fed do?
Answer: They can keep the QE spigot wide-open. And keep hoping higher stock prices can be the antidote.
Okay, so QE hasn’t directly produced inflation and solved the world’s problems as the Fed might have expected when they launched it in late 2008, but it has produced a direct benefit and an indirect benefit. The direct benefit: The Fed has been successful at driving mortgage rates lower, which has ultimately translated to rising house prices (along with a slew of other government subsidized programs). That has been good for the economy.
The indirect benefit: As Bernanke has said explicitly, “QE tends to make stocks go up.” Stocks have gone up. That has been good for the economy.
But we need a lot more.
As I reiterated in my last Big Picture piece, “the Fed has told us explicitly that it wants employment dramatically better, and inflation higher. They have gotten neither. Their best hope to achieve those two targets is through higher stocks and higher housing prices. While their monetary policy has hit the wall, unable to produce growth, higher stocks and higher housing prices are their only chance. Strength in these key assets has a way of improving confidence and improving paper wealth. Increasing wealth makes people more comfortable to spend. Better spending leads to hiring. A better job market can lead to inflationary pressures. That’s the game plan for the Fed. But they are in the early stages. “
The other HUGE source of assistance to the Fed is Japan.
It’s Japan, not the Fed, where everyone’s attention should lie. Japan can be the answer to the global economic crisis. The Fed is now a mere sideshow.” Read more …
Will Meade
President of The Billionaires Portfolio
www.billionairesportfolio.com
Once a week now on this blog I will be trying to educate and teach my readers about trading. Why? First, I love educating and teaching. And I know there are so many secrets and tips I can share from my trading and hedge fund days that can really help the everyday investor.
Secondly, I was a teaching assistant in graduate school, and loved every minute of it teaching undergraduate economics. Speaking of grad school, I used this secret options strategy to pay for most, if not all, of my tuition using just a $4,500 trading account.
Since I was a poor grad student I only had a small trading account, so I had to figure out a way to build a diversified portfolio with just a little bit of capital. And that’s when I figured out my secret options strategy.
This secret options strategy is very simple. It focuses exclusively on buying cheap options, or what I call penny options.
Penny Options are one of the real secrets of investing. Penny options are options on liquid ETFs and stocks with a premium less than a $1.
By using penny options, you can build a diversified portfolio, even with a trading account as small as a few thousand dollars.
And now, not only can small investors trade penny options, but investors now have access to mini options. Mini Options are 1/10 the size of regular options. A mini option controls 10 shares, instead of 100 shares like a regular option. Mini Options are offered on widely owned stocks like Amazon, Google and Apple. Again, a Mini Option costs one tenth of a regular option. So if a regular option costs $950 dollars, a mini option only costs $95 dollars.
So that brings me to Amazon …
Amazon has a super cheap mini option that is also a penny option. It is the Amazon (AMZN) July $290 Mini Option Call. And boy is it cheap. For just 90 cents, I can control 10 shares of Amazon stock until mid July.
Now, Amazon has just broken out of huge sideways channel or flag formation, which projects a price target for Amazon of $320. So if Amazon hits $320 by mid July, those dirt cheap penny-mini options would give you more than a 200% gain.
Even though I have a much much bigger trading account today than I did in grad school, I still almost exclusively trade penny options (options under a $1). You get incredible leverage and you only need to put a little amount of capital down to make a lot of money. That’s what I call a great return on investment.
Will Meade
President of The Billionaires Portfolio
www.billionairesportfolio.com
wmeade@purealpharesearch.com
Hedge funds and institutions drive the markets. And they are pulling money out of Emerging Markets at a rapid pace. This is one area of the market you do not want to own.
Just look at this chart below, a perfect head and shoulders top has been completed, projecting a 10% or more decline in Emerging Markets and the Emerging Markets ETF (EEM).
Will Meade
President of The Billionaires Portfolio
www.billionairesportfolio.com
Let me share with you an incredible secret. The world’s greatest investor is not Warren Buffett.
Yes, Buffett is one of the richest men in the world. But there is a man who will overtake Buffett as the richest investor. His name is David Tepper.
David Tepper has the best track record of any investor in the world. Over the last 20 years he has averaged a 40% annual return.
Let me repeat that again, because it’s a staggering number. That’s right, David Tepper has averaged 40% a year over the last 20 years.
Let me put this in perspective for you. If you would have invested $10,000 with David Tepper in 1993 you would now have an incredible $8.3 million. Now, that highlights the two keys to building wealth as an investor. You need big returns. But also, consistent returns. And you need to compound those returns overtime.
That is why David Tepper is the world’s greatest investor. He has done it for a long time. And continues to do it. In what has been considered a tough market.
That is why David Tepper is worth over $7 Billion dollars at only 55 years old.
Now, here is where it should be particularly interesting to you.
David Tepper is just like you!
David Tepper is the true American Dream. He is the stereotypical average American male. He is a little overweight. He is balding. He is average height. And believe it or not, he is not some hot shot Ivy League grad or rocket scientist with a PHD from MIT.
David Tepper is just a graduate of a state school, the University of Pittsburgh. I say this not to disparage his education. I say this because it doesn’t really matter if you went to Harvard or Yale or Pittsburgh. I have a pretty fancy degree. But I can tell you this: It learned nothing about becoming a good investor. I’m a good investor because I have common sense. And because I know how the system works. The masses will always lose money or, at best, underperform. And that creates an opportunity for me and those like me.
I say all of this to emphasize that you can be, and should, be returning 40% a year like David Tepper.
I have told you numerous times on this blog that if you are not fully invested in stocks and if you not returning 30% to 50% a year then you are failing at investing. If you were in school you would get an F.
But look it’s not your fault. You have been suckered and sold by Wall Street. You’re invested in mutual funds that will never ever make you anything more than 6% to 7% returns on average.
You probably have your money with a stock broker, who is ripping you off by charging you large commissions, spreads, sales fees, plus another 2% to 3% management fees while giving you 5% annual returns – while putting your money at risk of being halved.
So I don’t blame you. But I will blame you if you do not change your investing strategy. If David Tepper, the stereotypical average American male can return 40% a year simply buying stocks, then so should you.
But you need a gameplan to do this. And I can help you. My blog and my premium research service The Billionaires Portfolio is built on the same philosophy that David Tepper uses. I like buying cheap undervalued stocks with catalysts and holding them to make triple digit returns. My goal is just like Mr.Tepper’s: To make all of us multi-millionaires by compounding our money at 30% to 50% returns annually.
So fire your broker. Sell your mutual funds. And learn from the world’s greatest investors how to compound your money at 30% to 50% a year.
Will Meade
President of The Billionaires Portfolio
www.billionairesportfolio.com
Last week Facebook formed one of the most predictive and profitable price patterns I have ever seen as a trader.
It is what we call in the hedge fund business a positive asymmetrical trade. Meaning the trade offers little downside coupled with a huge upside for big profits.
Even better this trading setup on Facebook is allowing me to use a trick from my old hedge fund trading days that I have talked about before on this blog, my secret stock replacement strategy.
These types of trades only come along every couple of months, so you don’t want to miss this, as this trade could easily turn as little as $150 into more than $500 in less than 20 days or turn $1500 into more than $5000 in less than 20 days as well.
So here is what I am going to do, and I have never done this before, I am going give you the exact trading instructions on how to use my secret stock replacement strategy to trade Facebook, this includes sending you all the notes on my Facebook stock chart, which has the exact level where to put your stop, and the exact level where you want to take profits. Moreover it shows you visually what I am talking about, in terms of this being the best risk reward trading set up I have ever seen.
To get my exact trading instructions and my chart, you must subscribe today at https://www.fxtraderprofessional.com/order/billionaireport/
Folks you can not wait on this one, as this trade is going to happen on Monday… Remember not only will you get my trade and chart on Facebook but you will also get a subscription to my nationally recognized (featured in Forbes, CNN and the Chicago Tribune) stock and options picking service The Billionaires Portfolio.
As you know The Billionaires Portfolio is my premium service, where I hand select the best stock and option plays. The Billionaires Portfolio is up 28% in less than 9 months, with one stock on our books that has gone up over 200%. To put this in perspective The Billionaires Portfolio is beating more than 8000 hedge funds and 18,000 mutual funds in its performance. It is probably the top performing investment service on the planet, not only in terms of performance but also from a risk reward perspective.
Folks remember The Billionaires Portfolio is up 28% in less than 9 months, while holding a huge cash position, Our portfolio was only 100% fully invested until last month. That means we were crushing the stock market even though we were holding a huge percentage of our portfolio in cash.
Thanks
Will Meade
Editor of The Billionaires Portfolio
www.billionairesportfolio.com
Folks, you are so lucky that I am such a giving person, connected and industrious person. Today, I’m going to tell you about one of the best hedge funds in the world – and a stock they have just bought that can make you over 1,000%.
This hedge fund is so good, that they have returned 40% a year over the past 12-years. That’s 40% annualized in the worst stock market period in history!
This fund has grown from $10 million to over $500 million just from compounding returns on their original $10 millions in assets. I’ll do the math for you: $10 million dollars compounded at 40% over 12 years equals $566 million.
Folks, I tell you time and time again, this is how you get rich. Why don’t you listen?
You put up consistent numbers and let the power of compounding work for you. Is that such a hard concept for you?
If you would have invested your $100,000 IRA or 401K with this hedge fund, back in 2002, you would have been retired by now. That $100,000 would be worth over $5.6 million today.
This fund is so good they already have one stock on the books for 2013 that is up over 1,100%. And another one is up over 500%.
Please stop watching CNBC. Stop reading the Wall Street Journal. That’s a recipe for staying poor. Listen to me. I’m trying to help you here.
To get rich, you have to bet on sure things. And you have to invest with people who are the best in the world. The guy who runs this hedge fund I’m telling you about is the best! Not only is he a smart businessman, but he scored a perfect score on his math SAT, and graduated from Harvard. Why does it matter? It does! The numbers prove it. Where did your broker go to school? What was his SAT score? My guess is that it’s lousy. That’s why he is in sales.
I will spare you the rest. But the bottom line: I am here to help you. For $297 a quarter, my subscribers have gotten, in return, over $5k in profits for every $20k they are managing, by following my picks. Again, for those of you that spend your time trying to time the market or find great trade opportunity, I’ll make it very clear for you … $297 for $5k is a good trade.
I have had two subscribers recently write to tell me that my free picks here on this blog – my service to society – has paid for the cost of the service in less than 72 hours. And another subscriber told me he is taking his entire family to Hawaii this summer because I made him over $8000 in profits. So there you go.
So you know the drill. If you sign up to The Billionaires Portfolio today, I will send you the details on a hot biotech stock that the genius hedge fund manager I’ve described above, has just bought. Like his other big winners, this stock has all of the trappings of another 1,000% winner for him.
So you will get my market crushing stock picking service, that’s up 27% in less than nine months. I’ve told you many times on this blog that you should be putting up 30-50% a year in the stock market. If you’re not, you’re missing out on the huge wealth-effect of compounding returns.
Listen, don’t email about the cost of the service, or if your waffling about whether or not you think it’s worth it. If that’s the case, you are not smart enough to be one of my subscribers.
That’s right! I am going to tell you how to make 500% on a tech stock by August. Moreover, this trade can make money regardless of whether the market goes down or up in the next three months.
But first, I want to vent a little. Folks, there is not another blogger, newsletter, journalist, investment guru, mutual fund or money manager who has made you as much money as I have in the past four months.
Let’s review …
I made you almost 600% in Sprint (S) Call Options. I picked two stocks on this blog that were up over 100% in less than 3 months: Eagle Bulk Shipping (EGLE) and Trina Solar (TSL).
My partner called the declines in gold, not once, not twice, but three different times. So if you were trading options on these blog posts, you would have made over 1000%. If you were trading ETFs you would have made over 100%.
Then, two weeks ago I called the bottom in Apple (AAPL). Apple has done nothing but go straight up since then, even in a choppy market.
And for my encore, I just called the exact top in Facebook (FB). And I gave you an options play that is now up more than 100% in less than three days.
Let me repeat this: I gave you an options play on FB that is up more than 100% in three days. Still, I get emails from people wringing their hands about stuff they read online. Enough! Stop emailing me if you aren’t smart enough to take advantage of what I’m giving you. Keep following the lead of journalists.
So, let’s put this into perspective. If you are trading a $2,000 account, a $20,000 account or $200,000 account, and you are smart enough to read my blog, I personally have made you thousands, if not tens of thousands of dollars. Regardless of how small you might be, I have still likely made you thousands of dollars!
Listen, if I have been giving you this much for FREE, just image what my subscribers are getting in my Billionaire’s Portfolio service.
Well, I don’t want to leave anything to your imagination. I will tell you.
I have subscribers that have made $30,000, even $100,000, in my paid service. That’s a pretty nice trade, right? They pay me $297 a quarter, and I help them actually make money – a lot of it. For those that have modest investment accounts of $5,000. I’ve made them over $1,000.
So that’s the story. I can lead the horse to water, but I can’t make him drink.
For some of you, I have to resort to using the carrot. Here’s my carrot:
Subscribe to my Billionaire’s Portfolio service. You can do so by clicking here. When you do, I’ll send you my juicy new trade that I’m betting will return 500% or more by August. Not only do I have a record of capitalizing on trades like this, but I’ve shown you time and time again in this blog. How is that for credibility?
Last week I called the bottom in Apple, one that will hold for at least the next year and make you 50% to 100% in profits. And here, on this blog, my partner called the crash in gold, and then told you the bounce was a gift of a life-time (a second chance) to get out!
Let me repeat this: Bryan Rich, a former trader at a billion dollar global macro hedge fund and global macro economist, told you on my blog in April that gold was going to collapse if it broke $1522. It did. And it created ripples across global markets.
If you would have followed Bryan’s initial recommendation, you would have made over 1000% in options and almost 100% shorting leveraged ETFs, or 30% just shorting the gold ETF ($GLD).
What did Bryan do for an encore? He told you on the last two pullbacks that you should sell gold every single time. And of course he was dead right.
If you don’t believe me read his weekly Big Picture piece here.
Bryan’s Big Picture piece is read by some of the top hedge funds and family offices around the world. So it is a must read!
Not only has Bryan told you to sell gold, but he was extremely bullish on the US stock market and Japanese stocks before anyone else in the world. He was telling my subscribers to be long 100% stocks back in December. The Wall Street hacks were telling you that the fiscal cliff was going to pulverize stocks. They told you the sequester was going to trigger a crash. They told you Cyprus was going to cause a collapse…then the Boston bombings. Bryan said, don’t listen to this ignorance. Just buy stocks. “We’ve just entered another wave of coordinated, global central bank easing — the central banks have given us a green light.”
Now, over six months later, the rest of the world is starting to get it. And my subscribers are richer. Meanwhile, you are probably still wringing your hands listening to the losers.
Fine, don’t listen to me, or Bryan Rich or Warren Buffett for that matter. Keep watching the hacks on TV. Keep listening to your unqualified broker. Keep following the guidance of the 25-year old journalists at the Wall Street Journal. As I’ve said before, when the sheep are steadily walking off the cliff, it just makes it easier for me to make money, taking the other side of their trades.
If you do want to wake up and listen, start by reading what Bryan has said on gold and stocks over the past six months. You can find it here. And maybe, if you’re nice, I might bring him back on the blog. By the way, he says gold is going to $800 – pre QE levels.
You can always subscribe to The Billionaires Portfolio (here) and get his economic and Big Picture advice on a weekly basis.
By the way: I’m frequently asked “why I do this blog?” Guess what? I wrote a blog post on it. You can find it here.
