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John Thomas
10-05-2011, 03:05 PM
Global Market Comments

Macro Millionaire Featured Trades:
(GOLDEN NUGGETS IN THE JUNK YARD), (JNK), (HYG), (SJB),
(THE PRICE TAG FOR CLEAN COAL),
(NOVEMBER 10 STRATEGY LUNCHEON),
(TESTIMONIAL)

The Price Tag for Clean Coal.
I wanted to get the low down on clean coal to see how clean it really is, so I visited some friends at Lawrence Livermore National Laboratory. The modern day descendent of the Atomic Energy Commission, where I had a student job in the seventies, the leading researcher on laser induced nuclear fission, and the administrator of our atomic weapons stockpile, I figured they’d know.

Dirty coal currently supplies us with 50% of our electricity, and total electricity demand is expected to go up 30% by 2030. The industry is spewing out 32 billion tons of carbon dioxide (CO2) a year and the great majority of independent scientists out there believe that the global warming it is causing will lead us to an environmental disaster within decades.

Carbon Capture and Storage technology (CCS) locks up these emissions deep underground forever. The problem is that there is only one of these plants in operation in North Dakota, a legacy of the Carter administration, and new ones would cost $4 billion each. The low estimate to replace the 250 existing coal plants in the US is $1 trillion, and this will produce electricity that costs 50% more than we now pay. In a budget constrained congress, this is a bi ticket that is unlikely to get picked up.

While we can build a wall to keep out illegal immigrants from Latin America, it won’t keep out CO2. This is a big problem as China is currently completing one new coal fired plant a week. In fact, the Middle Kingdom is rushing to perfect cheaper CCS technologies, not only for their own use, but also to sell to us. The bottom line is coal can be cleaned, but at a frightful price. For more on this click here (http://www.madhedgefundtrader.com/June_15__2009.html).


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Ride the Roller Coaster?


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Or Hide Out in Junk?

Orlando November 10 Strategy Luncheon.
Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Orlando, Florida on Thursday, November 10, 2011. An excellent meal will be followed by a wide ranging discussion and an open ended question-and-answer period.

I’ll be giving you my up-to-date view on stocks, bonds, currencies, commodities, precious metals, and real estate. And to keep you in suspense, I’ll be throwing a few surprises out there too. Tickets are available for $275.

I’ll be arriving at 11:00 and leaving late in case anyone wants to have a one on one discussion, or just sit around and chew the fat about the financial markets.

The lunch will be held at a private club in downtown Orlando that will be emailed with your purchase confirmation.

I look forward to meeting you, and thank you for supporting my research. To purchase tickets for the luncheons, please go to my online store (http://www.madhedgefundtrader.com/store) and click on “luncheons.”


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Testimonial.
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Quote of the Day
“I went out to a pub last night and, amazingly, everyone was spending money, drinking up, and having a good time. There’s a recession only for the participants in the industry. There’s no recession for 98% of the population,” said Andrew Brough, a fund manager at Schroeders.


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John Thomas
The Mad Hedge Fund Trader

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