Today’s Call: Caterpillar (CAT) to fall. Currently $101.10
Rationale: Caterpillar has risen dramatically over the past year. The sudden downturn in economic indicators and commodity prices will mute demand for its products which will reflect in a share price that drifts quietly downwards through the summer months.
Result of Call for May 31, 2011: GSG Commodity Index to rise. Was $36.38, Currently $36.05. Bad Call.
Calls to Date: Good Calls: 24, Bad Calls: 18, Batting .571
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Today’s Call: GSG Commodity Index to rise. Currently $36.38.
Rationale – Renewed flight to out of financial assets to acquire tangible goods due to continued uncertainty.
Result of Call for May 25, 2011: Euro to fall vs. USD. Was $1.4076:1€, Currently $1.4282:1€. Bad Call. We are coming to the conclusion that the USD/EUR rate may be impossible to call on a short term basis.
Calls to Date: Good Calls: 22, Bad Calls: 17, Batting .564
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Fresh ideas on Economics, Monetary Theory, Politics, and Less Pressing but Equally Entertaining Matters for the English and Spanish speaking worlds
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