Friday, August 15, 2008

War is the new black?

So as i write this, Russia has some how managed to organize and execute a massive military movement that has largely gone completely unnoticed by our intelligence community (thanks homeland security and the NSA), meanwhile our president managed to squeeze in a press conference between volleyball practices to address mainly the murder of Americans in china and by the way the war that has begun in Eastern Europe. Watching the president talk he spoke of the aggression of Russia in the same manner as he did when he spoke about the weapons of mass destruction back when he started the war in Iraq and later spread violence to Afghanistan.

Once again we have people talking into microphones and having no idea the recourse of their words. As the president speaks and talks about Russia with his casual swagger as is he is referring to some third world oil sultan, in fact what he is doing is completely insulting the proud Russian nation whose exports are primarily oil and natural gas. Slippery slope President Bush, slippery slope. So once i saw all this i went online and headed to the World Russia website and low and behold one of Russia's biggest news outlets has the president's comments posted for all of mother Russia to see cleanly edited together and translated. Say hello to my little friend, the COLD WAR.

Meanwhile we have more Americans being murdered in China and Germany making deals with Russia to make use of the Georgian pipeline they will soon control. And can i add the judging discrepancies in the women's gymnastics events? It seems that American sentiment is about as high as our president's approval ratings.

So what to do?
First move to Costa Rica. My wife and I have long dreamed of buying a small hotel down there on the beach and teaching surf lessons for the rest of our days. Ahh Costa Rica....OK I'm back from my little daydream. Well since the US has all ready over extended itself in the Middle East and therefore can't do anything about Russia marching across eastern Europe through the Ukraine and onto the former Chzeck republic our answer is NATO sanctions. But this isn't Cuba and we are not boycotting sugar, we will be natural gas and oil.

So after reading that guess what my trade is. Although it may be too soon to back up the truck and start loading up on OIL (OIL) today I started to open a position. Besides oil is at a three months low so we may be able to get a small pop and take some profits as the rest herd out there in the world tries to make the same trade.

Our other trades still remain the same, I'm keeping my eye on Gold. The technical charts on Gold (GLD) are starting to look ripe to open a position and get in a quick trade but also start building a position for the next two years. $1200 gold in my view is not unreasonable in the next two years as the economy feels the effects of commodities stabilization.

Next Wells Fargo (WFC) I have been picking up of down days and unloading as volatility allows. In my opinion Wells Fargo is the only bank worth owning and therefore would be willing to execute short term trades.

Lastly I opened a position in Eagle Bulk Shippers (EGLE) last week and got a nice surprise on the quarterly report, but still i will add to this position as it pulls back in the coming weeks. This is the only individual stock I am accumulating right now in my long account. Take a listen to their conference call and you will see why.

Any way that is all for now. To every one out there have a great weekend,
T

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