Eric Bolling's Latest Trade

Straight up: Long platinum futures. Short gold futures.

Read his most recent piece published yesterday: The Gold and Platinum Connection. Oh, and its also worth mentioning that if you had been following Eric on Twitter, you would have seen him initiate this trade back on January 5th.

More Bolling thoughts/trades here.

Eric Bolling's Latest Trades & Thoughts

Over on TheStreet.com, notable trader Eric Bolling has posted up his latest piece. He's bullish on commodities and writes,

"And then, wow, it hit me like an ice cold shower. We are headed for a period of serious inflation with all the stimulus (free money) we are pumping into our economy. The dollar will be dramatically devalued and the reflation of the U.S. economy will happen, in a big way! Watch oil, gold and agricultural commodities soar in the coming years. With cheap and free dollars pumped into the system, the value, or buying power of those dollars, has to drop. The things we buy with dollars will increase in price just to keep up with the devaluing currency that is traded for it. And toss in a recovery and rebound in demand, you have the makings of a serious price recovery."

...

In energy related stocks and ETFs, I own U.S. Oil Fund (USO), El Paso (EP), and Quantum Fuels (QTWW). In metals, I own iShares Silver Trust (SLV) and SPDR Gold Shares (GLD). And finally, I bought PowerShares DB Agriculture (DBA) as the agricultural commodities have fallen with the rest of the dollar-based commodities. Much of the timing of this trade relies on the length of the current recession. It is possible that this trade may take months to open up. If the global economy struggles, so will this trade, so either have a longer-term horizon or trade smaller. I am in this for the long haul. At lower oil prices, I like the trade even more.

...

I am more convinced than ever that if you have a 12- to 18-month time horizon, there are amazing opportunities out there in commodities."

Regarding crude oil, we definitely agree with him and have been trading around it with the gyrations, while maintaining a core position all along. Longer-term, we see this as an excellent area to accumulate oil. The supply picture is and will continue to dwindle going forward. In terms of agriculture, we've also been getting constructively bullish, but still think it is a little early to touch this one. However, legendary investors and ex-hedge fund managers of the notable Quantum Fund, Jim Rogers and George Soros have both proclaimed their bullishness on agriculture. Rogers thinks that commodities will be in a bull market for years to come and have unimpaired fundamentals. Soros is equally as bullish and has also been accumulating a lot of Potash (POT).


In addition to TheStreet.com, Eric Bolling posts over on Twitter. On Monday night (1/5) and again Wednesday morning (1/7), Bolling noted that he,

"Trimmed (United States Oil Fund USO position) by 1/3....another 1/3 a bit higher and last 1/3 hold for the run up. will buy all sales back on a (Crude Oil) $45 pullback...under $45 I like it. I will scale down from $45 to $35 "

And, he also re-affirmed his play on platinum, writing

"I talked about this trade on Happy Hour last night. Long $PL short $GC long platinum short gold spread trade. I put it on yest(erday)."

You can follow Eric's twitter here and our twitter updates here. Make sure to check out the entirety of Eric's piece on TheStreet.com. Lastly, if you've missed it, you can check out some of Eric's other recent commentary here.

A Look at Ken Griffin (Citadel), Dan Loeb (Third Point), and Eric Bolling (Notable Trader)

- Fortune has an excellent interview with Ken Griffin & play-by-play of the recent troubles at Citadel.

- Background on Eric Bolling, whose commentary we have featured often on the blog (recently here and here).

- A look at Third Point hedge fund manager Dan Loeb. Also, you can now rent his plane. (We recently looked at his portfolio here).

Eric Bolling: Still Patient

Overall, Eric Bolling has been patient lately, and that's been the right play. Protecting capital in this volatile environment is essential and you've got to pick your spots. Here's his latest commentary from his column,

"While doing due diligence scouring stocks, investments, bonds, etc. for the big thing, I have added some positions to my portfolio. I re-entered the SPDR Gold Trust (GLD) trade and U.S. Oil Fund (USO) trade. I am buying these exchange-traded funds and will add to them if the prices of gold and oil start to firm.

My thinking is that after the dust settles and the world realizes that the Democrats in the U.S. Congress, Senate, and White House will spend substantially more than promised during their campaigns, we will reflate. The beneficiaries of reflation are gold and oil as well as other physical commodities. I am steering clear of equities that produce the oil and mine the gold because I am concerned about the tax treatment they may be burdened with in a new era of Washington tax-and-spend politics.

Right now is a time of capital preservation. There will be a time to invest more aggressively, but not yet, in my humble opinion."

I agree with his call on oil as well, which I noted here in my last post of Bolling's commentary. We both may be (and most likely are) early, but I think its setting up as a great position to slowly accumulate over time. Buy some oil here at $60, buy some if it dips to $50, and heaven forbid if it drops all the way down to $40, I'm loading up. I'll have a more detailed post on oil coming here in the next few days, so keep an eye out for that.

You can view the article in its entirety here.

Eric Bolling Still in Cash

Well known trader Eric Bolling just posted up another update over at TheStreet.com and basically, he's not doing much of anything. Here's an excerpt,

"In the meantime, I have been careful in my own portfolio. I have been tempted to add to an already razor-thin risk portfolio. As you know, I am heavily in Treasury bills. I am also in New Jersey state bonds and cash. Less than 5% is at risk in equities and being a trader I am looking for trades. There have been some that looked enticing as "cheap" but I have held off as the market continues to act irrationally. Good, cheap stocks are getting hit hard or harder than high-risk stocks. My gut is telling me that the day to implement cash is approaching but I would rather miss the first leg up than to catch another leg down in a bad position."

You can read the rest of his article here (although it doesn't have a whole lot to do with the markets).

Eric Bolling's Latest Thoughts

Eric has just written a new brief piece over at TheStreet.com. Here's some excerpts from it,

"There will be a trade, a time when things sort themselves out, but be wary of recommendations in a really ugly market. This is as ugly as they get -- be warned. Stay nimble, stay in cash.

Cut Losses; Pare Down

My portfolio has been trimmed down dramatically. I took as much risk off the table as possible. Three weeks ago, I thought mid-cap stocks might be bottoming, so I started to buy SPDR Mid Cap 400 (MDY), the ETF that tracks mid-cap stocks.

As the financial crisis evolved and Washington began spinning, I took a fast loss and am better off for doing so.

I also cut losses on Energy Select SPDR (XLE). I closed out most of my energy exposure and remain very light there. I still have, although limited, exposure to homebuilders and financial's. The portfolio is pared down to about 5% equities.

At time of publication, Bolling was long XHB, XLF, T-Bills, and NJ State Education Bonds, although holdings can change at any time."

Eric Bolling's Latest Thoughts

I know a lot of people out there are fans of Eric Bolling. Hell, I'll admit that I was/am too. After all, he was the only reason I used to watch CNBC's Fast Money. In any event, I like to check in to see what he's up to and what his market commentary is whenever I can.

His positions at the time of writing his latest articles were: Goldman Sachs (GS), Chesapeake (CHK), dollar index, Gold, Toll Brothers (TOL), Hovnanian (HOV), CME (CME), Exxon Mobil (XOM), Devon (DVN), and Chevron (CVX). And, he said he is also waiting patiently for an entry to Natural Gas futures. I, on the other hand, apparently was not so patient (seeing how my limit order triggered and I bought UNG last week on the test of support, which I illustrated here). So, with that in mind, I figured I'd link up his most recent piece over at TheStreet.com here. Oh, and if you've got no idea who I'm talking about, read about Eric Bolling here.