Unexpectedly (unless you read this blog and other like-minded sites), inflation has come back with back-to-back scary PPI and CPI numbers, even despite the government massaging.
In response, gold and oil has sold off, which makes little sense. Maybe people are discounting the inflation-fighting response already. Who knows? One can waste a lot [...]
Below is the email I sent to research subscribers on 11/05/2007:
RJA is an exchange-traded note, similar to an ETF except that is liability based on an index, as opposed to a fund.
What this means is that the security does not actually buy the commodities contracts and roll them over, say the way GLD does. [...]
Any person who has ever interacted with dogs on a regular basis knows that you need to establish that you are the leader of the pack and that it (the dog) needs to follow you. Failing this, you will lose control, with varying destructive consequences (depending on the dog, of course).
Back at the beginning [...]
