The G Manifesto

Commodities take a Breath

Weekly Commentary

For June 22nd– June 26th 2009
By: Matthew Bradbard

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Any sustainable bull market needs to take a breath and rest up for the next leg. The long commodity trade that has been working for the last several months has been momentarily put on hold. So what to do as a trader? We have taken profits on longs, decreased our long exposure, tightened up stops or in some instances done the unimaginable, gone short. Yes that’s right, what investors need to understand is when speculating in commodities it’s only a wager on if prices are too high or too low. The contract size is the same, the leverage is the same, the risk parameters and profit potential don’t change that much. The only change is the direction. I’m sorry if you only manage your portfolio as long, in commodities you will have some rough patches. As long as the global economic recovery is in question we may get some dollar strength and commodity weakness but we feel that will be temporary.

To find out exactly how we are positioning our clients in commodity futures and options, Contact us today at 1-888-920-9997. Don’t forget to mention The G Manifesto sent you.

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The 4-Hour Workweek

Currencies
September Euro lost 30 ticks last week on two-sided trading. Support comes in at 1.3730 with resistance at 1.4025 followed by 1.4125. On the daily chart it looks like we could see a trade higher but the weekly chart is not so convincing, so for now we would stand aside.

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The 4-Hour Workweek

The Aussie was lower by 25 ticks last week but prices did close over 2 cents off their lows. Support is seen between .7780 and .7800 with resistance at .8150. We may see a bit more upside but we ultimately expect a trade down to .7500 before any significant upside.

The Swissie managed to gain 16 ticks last week as selling has been rejected now for the last 2 weeks. With verbal intervention last week having little effect, prices could go either way at this juncture. Resistance is seen at .9300 followed by .9400 with support at .9130.

The Loonie gave up 113 ticks last week and on further pressure in energies and metals we would not rule out a trade down to .8500 in the coming weeks. Resistance is seen between .8925 and .8975 with support at .8675.

The Cable advanced 98 ticks on the week but prices have remained largely range bound and we see no reason to have exposure. Support is seen at 1.6150 with resistance eyed at 1.6650. The only play would be to trade the breakout above or below the aforementioned levels.

The yen was the best performer last week gaining 223 ticks and allowing clients out at a profit on their 3 cent July call spreads. Our objective was met mid-week as we advised clients to liquidate their positions at a 33% net profit. Resistance is at 1.0475 while support comes in at 1.0275 followed by 1.0150. We currently have no exposure.

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The Kiwi was positive 4 out of the 5 sessions gaining 63 ticks last week. Resistance comes in at .6450 followed by .6550 with support at .6250.

The September US dollar was lower by 15 ticks. It has been a mixed bag in the last 4 weeks; there have been 2 positive and 2 negative. The weekly chart indicates prices should be moving higher but the daily chart is pointing lower so who knows? Resistance comes in at 81.30 while support is seen at 80.25 followed by 79.60.

Grains
July corn was lower by 23 ¼ cents last week. December corn closed on the trend line dating back to March, we suggest waiting to see how corn trades over the next few days but we’re very close to getting long. Trade idea: long September futures while simultaneously selling 2 $4.40 calls for approximately 17 cents each. The idea is that on a move higher you will make more on the futures than lose on the options. On a move lower you have 34 cents of protection and it is unlikely to see corn break that much. Support on July comes in at 3.89 while resistance is at 4.10.

July soybeans gave up 65 cents last week and are $1.12 off their highs from just 2 weeks ago. We’ve warned you in recent weeks of a violent correction and our prediction is now becoming a reality. We’re still looking to be a buyer of November beans closer to 9.80 prior to the 6/30 USDA report. The weather and traders positioning ahead of the report will determine if a trade to 9.80 is viable. Resistance is seen at 12.15 and support at 11.50 in July.

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The 4-Hour Workweek

July CBOT wheat was lower by 31 ¾ cents last week having closed lower 11 out of the last 14 sessions. Support is seen at 5.44 with resistance between 5.70/5.74. July KCBOT was lower by 24 cents last week. Support comes in at 6.00 with resistance between 6.27/6.30. Both CBOT and KCBOT wheat have traded down to oversold levels so we should see bargain hunting on longs and short covering very soon.

Continue Reading about Metals

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_____________________________________________________________________________________
Risk Disclosure: The risk of loss in trading commodity futures and options can be substantial. Before trading MB Wealth recommends that you should carefully consider your financial position to determine if commodity trading is appropriate for you. All funds committed should be purely risk capital. Past performance is no guarantee of future trading results. There are no guarantees of market outcome stated, everything stated above are our opinions.

Caviar: the most expensive food in the world

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Black Ice Zippo Lighter

The French palate was not very refined at that time; despite the royal rejection, however, the Russians and Persians were the first to commercialise caviar all over the world. Back in the 16th century, it was even being eaten in the United States, although, oddly, by the poorer classes.

It is because of the sturgeon that only a minority these days can enjoy this delicacy. The fish looks ugly, tastes worse, and produces what are the golden eggs of contemporary gastronomy. Of the 24 species of sturgeon that exist in the world, five live in the Caspian Sea, but only four produce edible caviar (the most famous is the Beluga sturgeon). The extraction process is highly delicate. It is important not to kill the sturgeon, because once it is dead, the fish produces a bitter substance which ruins the flavour of the caviar. To avoid this, a blow behind the head puts the fish to sleep, and within ten minutes, the eggs are extracted and tinned.

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Russia and Iran are currently the world’s main producers of wild caviar. However, abuses in the capture of the species and illegal trade mean that wild sturgeon are now almost extinct.

Swimming pool caviar
Sturgeons bred in captivity have become a practical alternative in many European countries. France is the world’s biggest producer of farmed caviar, especially in the Gironde region, which, through over-exploitation, has lost the wild sturgeon which were originally to be found there. Other countries such as Spain, Sweden, Uruguay and the United States are trying to break into this one market which does not seem to have been affected by the recession. The current price in Europe for farmed caviar is about 1.443 euros (£1.22) per kilogramme, compared to 2.103 euros (£1.78) for Iranian Beluga.

However, even the poor can have access to caviar sometimes. Germany was the most socialist of them all when it began to sell what became known as ‘German caviar’ or ‘red caviar’ at accessible prices, although it is produced in Iceland, Norway or Denmark rather than in Germany, and has a slightly more salty taste than caviar.

However, for examples of fake caviar, we need to come back to France. In Russia, the word for purée is ‘икра’ (‘ikra’ – which means caviar). Euphemistically, the French call courgette or aubergine purée ‘caviar’, leading to linguistic confusion – no doubt the fault of some heir to Louis XV’s palate.

Source

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The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

Benny Goodman Orchestra Sing Sing Sing from Hollywood Hotel

USA Pole Dance Championship 2009

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Easily my favorite spectator sport. I try to enjoy it 2-3 times per week.

Which makes me an Aficionado.

I have been a huge advocate to make Exotic Dancing an Olympic Sport. Exotic Dancing Olympic Sport and New Olympic Sport: Exotic Dancing.

Which begs the question: How am I not a judge at this event?

US Pole Dance Championship 2009

Whoever is running the show there, drop me a line (and I am not talking about beeks either).

Congratulations to Jenyne Butterfly, Miss USPDF 2009 (also drop me a line if you need to kick off your heels and relax).

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Be sure to check The G Manifesto’s Gentleman’s Club Resources:

Strip Club Tip: Lobster Trapping

Top Ten Strip Club Mistakes

Advanced move for Picking up Exotic Dancers

The Gentleman’s Club Theorem AKA The Local Bar Theorem

Manifesto Destiny II: Innovative Gentleman’s Club Concepts

Manifesto Destiny: The Gentleman’s Club

The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

Cocaine Smuggled Inside Frozen Sharks

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Armed and masked navy officers cut open more than 20 shark carcasses filled with slabs of cocaine after checking a container ship in the southern Mexican state of Yucatan.

X-ray machines and sniffer dogs helped uncover the drugs, said Eduardo Villa, a commander in the Mexican navy. “Those in charge of the shipment said it was a conserving agent but after checks we confirmed it was cocaine,” he said.

Drug gangs have been forced to develop increasingly elaborate ways to conceal narcotics bound for the United States – in sealed beer cans, religious statues and furniture.

President Felipe Calderon has sent 45,000 troops and federal police across Mexico to try to crush powerful smuggling cartels moving South American drugs north. But traffickers armed with a huge arsenal of grenades and automatic weapons are far from defeated, worrying Washington as violence spills over into US border states like Arizona.

Some 2,750 people have died in drug violence in Mexico this year, a pace similar to that of 2008, when 6,300 were killed.

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Led by Mexico’s most wanted man, Joaquin “Shorty” Guzman, smugglers from the Pacific state of Sinaloa are fighting a turf war with rivals. Guzman seeks to control Mexican and Central American smuggling routes into the United States.

Source

A Great White, if you will.

The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

Julieta Venegas Eres Para Mi

Lindsay Lohan London Jewel Heist

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The diamond necklace and earrings were modelled by the 22-year-old during the Elle shoot at Big Sky Studios in Islington, north London.

The jewellery, which was lent to the magazine by fashion house Dior for the day on June 6, was reported missing two days later.

Lohan is among a number of people present at the studio who could face questioning, the Sun reported.

A Yard spokesman said: “We had an allegation of theft made to us on June 8 and that is being investigated. There have been no arrests yet. We want to speak to a number of people in connection with the inquiry.

“It is alleged it is a necklace and earrings with diamonds with an estimated value of £250,000.”

A source added: “Jewellery is often lent out for big celebrities to wear on fashion shoots. Police are working out who had them when they went missing. People at Dior are very upset. It’s an embarrassment to the mag.”

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Lohan has had brushes with the law in the past.

In May 2007 she was arrested after cocaine was found in her crashed car and went into a rehabilitation clinic for 45 days.

However, in July that year she was again caught with the drug. She served one day in prison and was on probation for three years.

Source

Girls are big on Heists.

“On my way back home
Now I’m in the zone
My Simcards a bomb
They blowing up my phone
Kicks Hong Kong
Bape in a garment
The face of hip-hop
My DC audience
And you n$ggas will acknowledge this
Born again social life thanks climate
My climate is way higher then Lindsay Lohan nostrils on powder
Sorry Mark I don’t want offend your sisters good friend
But when my pen get in
It pretends it’s a soul in a entity
And it interferes and gets the best of me
So I’m one with that
I’m stuck with that
Y’all little ass n$ggas can’t fuck with that”

- Wale

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The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

Wale “W.A.L.E.D.A.N.C.E.” video

Underwater Rock Heist in Florida Keys

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Authorities say $1 million worth of aquarium rocks are missing after an underwater heist in the Florida Keys.

Miami boat captain Neal Novak told investigators that sometime in the past 18 months someone stole about 300,000 pounds of decorative live rock he had planned to harvest at his aqua farm in the waters three miles of Islamorada.

The rock is used in salt-water aquariums and reef tanks. Novak says it took him more than two years to place the rock on the ocean floor, where it became home to coral and plant life.

The theft was discovered May 13.

The Monroe County sheriff and the Florida Fish and Wildlife Conservation Commission are investigating. The theft is considered grand larceny of farm animal aquaculture species, a third-degree felony.

Source

Mad Innovative.

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The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

Kardinal Offishall “NINA” (Official Video)

banksy

Banksy VS Bristol Museum

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Every so often, art breaks out of its confines to become an event. People who would never normally go to a gallery do so; they feel part of it when they would otherwise feel excluded. The last time this happened was when Olafur Eliasson put a giant sun and a mirrored ceiling in Tate Modern and teenagers rolled around on the ground making shapes they could see reflected in the roof.
And it’s happening now at Banksy versus Bristol Museum, the exhibition the elusive graffiti artist suddenly unveiled last week, in which he has his “remixed” the museum’s own collection by putting more than 100 of his own artworks among it – by far the largest Banksy show to date, of work mostly never shown in the UK before.

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On Saturday, the first day the show was open to the public, the queue snaked down the street and the waiting time was more than an hour. In it were children, grannies, trendy types. Everyone was taking pictures with their mobile phones (Banksy doesn’t believe in copyright). The museum’s guards were proudly pointing out the new additions to their displays. People were inspecting the fossils to find the teeny-weeny woman pushing a pram hidden among them; they were on their hands and knees to look at the mouse with a back-pack who had clambered into a natural history case.

The visitors’ main focus was a large room lined with Banksy images. Here one can assess the work en masse. Lots of the art here is silly, lots of it obvious. The massive picture of a House of Commons populated by apes, for instance, is crass, schoolboy stuff.

Banksy Versus Bristol Museum

But the work here is also humorous and inventive. There’s a devastating picture of starving African children, one of whom has a T-shirt saying: “I hate Mondays”. There’s a hilarious image of two shoddily drawn stick men, prettily mounted, with one of them asking, “Does anyone actually take this art seriously?” The other replies, “Never underestimate the power of a big gold frame.”

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Banksy is the master of the surprising juxtaposition. In another room, full of his animated sculptures, there’s what looks like a living, breathing cheetah, but when you see it from the back, you notice, with a chill, that it’s been made into a fur coat.

In the best piece of the exhibition, in among the stuffed animals, there is a lamb that has been muzzled. What does it mean? A lamb conjures innocence, the Lamb of God. Is this a piece about censorship, the distortion of the spiritual, the end of innocence? It’s very moving, reminiscent of Damien Hirst’s toying with religious iconography but, pleasingly, so much simpler. When Banksy has the nerve not to be didactic and leave his pieces open to interpretation, he becomes sophisticated.

It is to be hoped that the artist will move further in this direction. But in the meantime, Banksy Versus Bristol Museum succeeds triumphantly in its aim: it’s a museum show that is as cheeky and renegade – and communicates as directly with its viewers – as a piece of illegal graffiti.

Source

I’ve attended some odd parties over the years – there was the one for Stannah Stairlifts, the Innocent Smoothies bash where I got driven around a Shepherd’s Bush car park in a giant banana, and the Walker’s Crisps event where everyone on the electoral roll named either Cheese or Onion was invited. But I’ve rarely been to one where neither the guests nor the hosts knew what they were doing there. “What is this all about?” I asked Ivan Massow on Monday night, at the launch of his new film spoof, Banksy’s Coming for Dinner. “No idea,” he shrugged wearily.

What is clear is that Banksy – the pseudo-anonymous graffiti artist – still provokes the same snorts of delight he drew at university, when the boys would huddle around his prints and marvel at the irreverence of it all. As party talk turned to the artist’s exhibition at the Bristol City Art Gallery, one guest described him as “a true genius”, another as “one of our greatest living artists”.

But it’s all old hat. Banksy’s poke-fun-at-museums impudence was done 100 years ago by Marcel Duchamp. His stencil technique (always good for easy effects, as every child knows) was perfected in 1968 by Ernest Pignon-Ernest and Blek le Rat, and his political opinions are plonkingly conventional. A House of Commons populated by apes? Sharp stuff.

To his credit, Banksy had excelled at keeping his origins a secret. The exposé last year that suggested he wasn’t the son of a painter and decorator, but educated at the £9,240-a-year Bristol Cathedral School, could have damaged the brand. As it was, being outed as an old friend of Samantha Cameron’s must have undone a decade of careful pixellation.

Source

The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

Banksy

Mexican Government claims successes in drug war

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The Mexican army is claiming success in the struggle to combat rising drug violence and corruption with the arrests in separate operations of a drug cartel leader in Cancun on the Caribbean coast and 25 suspected drug traffickers dressed as soldiers in the north of the country.

Authorities say that cartel head Juan Manuel Jurado Zarzoza, known as El R and the Puma, was arrested with three other suspected traffickers in possession of drugs and weapons. He was among those listed as Mexico’s most wanted for being behind the torture-murder of a retired army general in February as well as for extensive drug-running and extortion operations.

Jurado’s arrest has been seen as a blow to the operations of his Cardenas Guillen cartel in Cancun City, an international tourist resort and key base for cocaine trafficking from South America to the United States via the Gulf of Mexico.

Federal Defense Ministry officials said Jurado controlled all drug sales, kidnappings and extortion in the Yucatan peninsula and organized protection-money collection from the local tourist businesses.

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In February retired Brig. Gen. Mauro Enrique Tello Quinones was kidnapped, tortured and murdered in Cancun only 24 hours after arriving to clean up the city’s corrupt police force.

In another operation last weekend Mexican troops responded to a tip by raiding a ranch close to the U.S.-Mexican border city of Ciudad Juarez. There they arrested 25 men dressed as soldiers and confiscated a large arsenal of weapons and narcotics.

The Defense Ministry said the haul consisted of 29 large-caliber firearms, three small-caliber guns, more than 5,000 rounds of ammunition, four vehicles, 95 pounds of marijuana, 35 pounds of cocaine and 2,500 doses of crack cocaine.

An army spokesman in Chihuahua state said the men, posing in soldiers’ uniforms, had been burning businesses and homes in Nicolas Bravo city.

But in a setback for authorities last weekend, 53 inmates — including a dozen members of a powerful drug cartel — escaped from a jail in central Mexico. Dozens of guards were detained Monday for questioning over the escape.

The Saturday morning jailbreak in Zacatecas state in central Mexico was caught on CCTV showing guards standing by as the inmates were led out by an armed gang. They then got into a convoy of some 15 vehicles and left.

An extensive army and federal police manhunt is under way for the escapees. Eleven of the men are very dangerous, prison officials said. Some of them are believed to belong to the Gulf Cartel drug-smuggling gang.

Meanwhile, the prison governor has been detained for questioning along with 40 guards and two police commanders.

Nearly 11,000 people have died since 2006 in territorial fights by drug gangs and government crackdowns after President Felipe Calderon launched his anti-drug campaign by sending 45,000 troops to hot-spot drug areas.

The U.S. Department of Defense has warned that Mexico is close to becoming a failed state because of drug lawlessness.

Source

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The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

Cafe Tacuba – Maria

Beek Throwback Track of The Week: ABC – Be Near Me

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Listening to this track you can just imagine the 80′s Playboys popping in the cassette, popping bub, doing mad beeks and swooping fly 80′s girls.

ABC-Be Near Me

Seems like the singer might have got his hands on some first generation beans as well from the lyrical content.

Some good hip-hop samples in there as well.

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The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

General Investment Themes from Barron’s Roundtable

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A Dead Bat in Paraguay

Weekly Commentary
For June 15th– June 19th 2009
By: Matthew Bradbard

Barron’s roundtable did not disappoint as some of the most influential financial minds were interviewed on what has happened and what is to come, oddly enough we agree with most of what was said. The general themes were: gold should be in your portfolio, a correction in equities is coming, the paltry returns in Treasuries do not justify an allocation, at some point the Fed will be forced to raise interest rates, and finally, the actions by the government should cause inflation if not hyperinflation. Sounds to me like a recipe for a continuing bull market in commodities.
To find out exactly how we are positioning our clients in commodity futures and options, Contact us today at 1-888-920-9997. Don’t forget to tell them The G Manifesto sent you.

Energies
The DOE said crude oil supplies were down 4.4 million barrels, supplies of gasoline were down 1.6 million barrels and heating oil supplies were down 800,000 barrels. August crude oil closed up $3.95 to trade to the highest level in seven months. Prices have traded higher now 7 out of the last 8 weeks, talk about a trend. Last week’s high at 73.90 should serve as resistance, followed by 75.00 with support at the 9 day moving average of 70.40. This level has acted as support since prices closed above the 9 day moving average on 5/18. August heating oil traded higher by 7.90 cents last week. Resistance is seen between 1.90/1.92 with support at the 9 day moving average at 1.8325 followed by 1.76. August RBOB gained just under 9 cents to close above $2 for the first time since mid-October. After reaching that landmark we would expect some profit taking. Support comes in at 1.88/1.90.

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A Dead Bat in Paraguay

The DOE said underground supplies of natural gas were up 106 billion cubic feet last week. August natural gas closed up 1 penny on the week. A triple bottom at 3.85 should act as solid support with resistance coming in first at 4.40 followed by 4.70. Prices were higher by 25 cents last Thursday on very good volume; almost 3 times the average volume of late. We advised clients to cover at least a portion of the recent fence position at a $1600 profit being we could get some spillover weakness from Crude. Our recommended trade currently is to buy the September $4.50/5.50 call spread near $2,200.

Livestock
August live cattle were higher by 65 ticks last week as movement of late has been like watching paint dry. This scenario has played out well for one of the livestock CTA’s that we work with as they typically write “out of the money” options. Support is seen at 80.50 with resistance at the 20 day moving average at 82.35. Trade idea: buy August live cattle/ sell October live cattle at -550.The widest this spread has been is -650, our target is to pick up 200-300 points. August feeder cattle were higher by 1.225 ticks closing 320 ticks off their lows. Support is seen at 96.90 followed by 96.00 with resistance at the 20 day moving average at 99.00.

Demand for pork continues to suffer, hurt by the world’s reaction to the H1N1 virus. Last week the World Health Organization declared a flu pandemic due to the spread of the H1N1 virus. In spite of assurances from numerous health organizations that eating properly cooked pork is safe, the hog industry continues to suffer. August lean hogs closed down .325 ticks having closed lower now for the last 4 weeks. Last week’s low at 57.785 should support while we see resistance at 61.50.

Financials
Stocks: Not only are we seeing less upside but the volumes have shrunk considerably, both signs of an interim top. The S&P added just 6 points last week registering its 12th positive week in the last 14 to close slightly below 950. The Dow ended the week up 36 points to 8799 finally making its way in the black for the year. The NASDAQ rose for the 13th time in 14 weeks adding only 9 points to 1859. We don’t suggest celebrating the 40% rebound for too long as a correction should be just around the bend. As investors recognize the quick recovery and increased growth that has been priced in will not be realized, expect profit taking. Moreover a sell-off is forthcoming being the fundamentals don’t match Wall Street’s perception. Friday we were buyers of July 875 ES puts for clients for $575.

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A Dead Bat in Paraguay

To view our full commentary which includes the sectors of energies, livestock, currencies, financials, grains, softs, and metals, subscribe to our 4 week free trial by visiting this link: http://mbwealth.com/subscribe.html.

_____________________________________________________________________________________
Risk Disclosure: The risk of loss in trading commodity futures and options can be substantial. Before trading MB Wealth recommends that you should carefully consider your financial position to determine if commodity trading is appropriate for you. All funds committed should be purely risk capital. Past performance is no guarantee of future trading results. There are no guarantees of market outcome stated, everything stated above are our opinions.