There is no single answer to asset allocation, and it is every man for himself. One thing that I can tell you with certainty is how a hedge fund approaches the issue. I’ll draw up a strategy that might fit a small, one-man hedge fund, with limited resources and programming abilities.
My friend, JR, a senior exec at an oil major, calls from Houston. What the hell was going on with the price of oil? Three months ago, it was at $109, then he blinked, and it was $80. I told him that the oil companies lost control of the price of Texas tea.
Was Thursday’s short-covering style action in the HUI a sign that “help is on the way,” or just a little too much of that four-letter-word, hope? We lean toward the former as we hit the road for the coast and some badly needed fishing time.
Proving for the nth time that what happens in China is a pivotal impact factor to the commodities’ space, the most recent developments in that country sent base and precious metals prices, along with most global equity markets, lower overnight.
It's hard to talk about the devaluation of the US dollar after Memorial Day, especially when I know that my grandfather, who served in the Navy during WWII, and millions like him fought hard for America to become the world's greatest free nation.
The strategic framework and the correlation of forces in the Gulf of Guinea -- one of the most significant and growing energy resource regions of the world -- is changing rapidly with profound implictions for numerous markets.