That’s my cheap version of Robin Williams/ha! Well it is about 9am Arizona time. I think that puts it about 12 am your time??? I am sure most of you are up studying your investment charts and placing trades all over the world. lol

Let me start with my recent post regarding our position on the Yen. As you recall the position yesterday in overnight trading returned a whopping 16%. It currently sits at 77.35 We quite frankly made enough money last night to not work for the rest of the year. Our prediction that the Yen had nowhere to go but down in value is taking place. As you recall I had a position at 76.50 and it is now in the neighborhood of 77.40. That’s a 90 pip move in our favor.

That is also enough profit to sit on the beach with a cool one in hand without working the rest of the year. I hope you are heading out the door now. And it ain’t gonna stop. We haven’t scratched the surface of how much profit we can make off this position. As I said in a earlier post, I am long the dollar/yen ( meaning the dollar will go up in value) and I intend to squeeze every drop of profit out of this move.

Now a comment on the Peso. The Euro is pushing the 130 mark and the peso is going right with it. I posted earlier that if the Peso touches below 40 verses the dollar I am going to sell the peso as I believe the Peso can not survive at that rate. (It currently has gained to the 42.15 level) It would be caught in a Japan type move and I believe it would have to be devalued at that price. Now most of you can’t trade the Peso but you can hang on to your dollars as they could become very valuable later on this year. Good luck.

For those who are not trading but are perhaps one of Rusty’s readers who are interested in these posts and comments, I say learn from what is going on right now. We are experiencing a move in the dollar /yen that any one of you could have participated in. The general perception is, this is a confusing business. It’s not. It simply takes a little effort and a desire to better one position allowing you to work off a laptop while sitting on the beach if you desire. Technology has allowed you and I to travel to exotic places such as the Philippines and make a living at the same time. Take advantage of what is being discussed in these posts. If you have a question send it. We will all try to give you an answer.

Rusty has a keen ability to comment on the Peso, Read and learn from it. Bob ask in depth questions. Matthew and the others respond with insight. I don’t profess to know everything. I can’t. But I know, what I know. And I just made enough profit in two days to sit on the beach for the rest of the year. I want you to have the same ability. It doesn’t hurt me or Rusty to share this information with you. It’s good business for Rusty and I simply like to talk!/ha And the good part is, IT’S FREE!

So take the time and start. Yes, it’s a little confusing in the beginning but start. If you don’t like it stop. But if you can see your way through it, you will perhaps be sitting on the beach for the rest of the year wondering what the little people are doing! hehehe!

just a thought
Jim

You bring up an interesting piece of research. Now that you bring up the subject I do wonder what the relationship is, if any, between the two?

Thanks
Jim

It doesn’t look pretty does it? Not to mention confusing/Ha!

Thanks
Jim

How are things at your place? Your comments raise some interesting thoughts don’t they?

1. Taxes and term limits. And lastly war.

2. I think they are manipulated like everything thing else.

3. Bob, since I don’t trade the futures much at all, my friends in Houston, Texas say there are containers after containers not to mention oil tankers sitting out in the gulf which have been waiting to unload. There is no room for them to unload.

They also indicated that new ships have been ordered because of the new technology that provides less fuel consumption and it is creating a glut of ships that have no future cargo as the global slowdown keeps creepy in. Now take this post with a grain of salt as I don’t keep track of it.

4. No I don’t, as I don’t trade or clear through the inter-bank system even though I place my orders with a major international platform I don’t deal directly with inter-bank quotes. That’s a different animal with different stripes. In short, that is a consortium of the big boys. I am not in that league.

I have friends of mine who are, but they are managing 1/4 billion dollar funds. For the banks, it has got to be a wonderful way to trade (if you define it as trading) when you have legal inside information to make money with, which includes the Feds. I think you would agree that most people actually believe their bankers and brokerage houses are professional traders when it fact they simply have information of who is placing orders in advance and simply front running the info. (there ought to be a law/ha)

Most of these people know nothing about trading except how to place and front run information. Look at MF Global. Corzine, who came from Goldman tried to trade and he took down the largest futures company in history.

As a side note Bob, I worked in Wash. D.C. with the investigative committees. Uncovering financial fraud and commodity manipulation of all types. I saw just about every delay, mismanagement, theft, white washes, swept under the rug tactics that money could buy and none was initiated by the little guy. Money talks and more money creates back door policies.

Politics is similar to trading. Both parties depend on honesty in the transaction. We can’t legislate honesty so they are going to do next best thing. They will tax us to death, they will legislate us to death and when they need to start over and balance the books they will start a war. The type of conflict is yet to be determined but when all else falls they will resort to it to burn all obligations and clear the books. But the world will kick that can down the road for as long as they can also.

Thank you for your comments, I wish I were an expert in your field of questions but I am not. It is simply a point of view and I caution Rusty’s readers to perform their own due diligence using questions such as your post as great examples. I only wish there were more reader comments like yours as we all learn from each other.

Thank you very much,
Jim

Coincidentally it hit the bottom on the same date as the stoppage of the Federal Reserve Board owned Clearing House Interbank Payments System?

This, doesn’t look good!

Is there any realistic solution to the National Debt downward spiral?
What is your position on corporate propaganda media or better known as mainstream media?
What is the main reason behind the 65% drop in the Baltic Dry Index (the price of shipping) this year?
Do you know anything why there was a stoppage on February 3rd of the Federal Reserve Board owned Clearing House Interbank Payments System?

Thanks for answering