Coming off set on BBC today, I bumped into Clem Chambers, the exuberant CEO from ADVFN. He was terribly upset with the Obama administration and didn’t have much good to say about the Conservatives and their support of the plan to curb trading investment activities of major financial institutions. It was good to hear his views. I wish I had the mans brain for facts and figures. If you like trading, you should read his book The Armageddon Trade. It is very good to read.

More to the point, he told me that if the measures suggested by the Obama administration was set to go ahead, the cost of money would rise exponentially. The rings true with another person who I like to listen to: The Market Matrix man. Steve, the architect of the MM, told me years ago that interest rates would rise through the roof in the years to come. He also told me Gold would make its way towards $2500 and oil would get well past $100 again.

Interesting times to live in.

Have a nice weekend. We had two trades today. David tempted fate by buying Sterling Dollar, but decided to bail out after an incredibly poor retails sales report. My DAX short faired a lot better, but I unfortunately made the decision to take my money and run(leaving for the BBC), before the position really got going. Such is life, but it was still a good week, making 2.3% on the portfolio in its first week.