Carlos Slim

By: Erik Swarts | Mon, May 16, 2011
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There's nothing slim about Carlos.

Literally.

Say what you like about Carlos Slim and his preference for capitalist hegemony rather than philanthropy - the man can trade. In the years to come he will likely widen the gap between the richest man in the world and everyone else.

A few weeks back as Zero Hedge wrongfully speculated (surprise, surprise...) that the silver shorts were DOA, because Carlos Slim was about to purchase the remaining physical silver out of the market - Mr. Slim was out actively hedging (selling short) his own mine production two to three years out. In essence, likely more than doubling the market price he will receive if silver continues to trade along the parabolic arc as expressed by the Nasdaq, Circa 2000.


Larger Image

Impressive - very impressive.

Glad that Market Anthropology and Carlos are on the same page here.

 


On a side note - it was brought to my attention that some folks are experiencing problems with their RSS feeds with my last piece (this Saturday, here). I am trying to resolve the matter, but it may take a few days. I try to routinely update the Chart Lab section of the site. Unfortunately it will not show up in the RSS feed which draws from the main page.

I just joined Twitter. All my trades and occasional market musings are disclosed in real-time here.

(Positions in TZA & UUP)

 


 

Erik Swarts

Author: Erik Swarts

Erik Swarts
Market Anthropology

Although I am an active trader, I have always taken a broad perspective when approaching the markets. I respect the Big Picture and attempt to place each piece of information within its appropriate context and timeframe. I have found that without this approach, there is very little understanding of ones expectations in the market and an endless potential for risk.

I am not a stock picker - but trade the broader market itself in varying timeframes. I want to know which way the prevailing wind is blowing, where the doldrums can be expected and where the shoals will likely rise. I will not claim to know which vessel is the fastest or most comfortable for passage - but I can read the charts and know the risks.

I am not a salesperson for the market and its many wares. I observe it, contextualize its moving parts - both visible and discrete - and interpret.

I practice Market Anthropology - Welcome to my notes.

Erik Swarts is not a registered investment advisor. Under no circumstances should any content be used or interpreted as a recommendation for any investment, trade or approach to the markets. Trading and investing can be hazardous to your wealth. Any investment decisions must in all cases be made by the reader or by his or her registered investment advisor. This is strictly for educational and informational purposes only. All opinions expressed by Mr. Swarts are subject to change without notice, and the reader should always obtain current information and perform their own due diligence before making any investment or trading decision.

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Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/