Manages Parisian Family Office. Began Wall Street, 82. Founded investment firm, Native American Advisors. Member, White Earth Chippewa Tribe. Was NYSE/FINRA arb. Conservative. Raised on Native reservations. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from Ghost Ranch on the Yellowstone River in MT, his TN farm, Pamelot or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, and will always be, an optimist.

Monday, January 23, 2012

Remember "TRADING PLACES"?

Remember this part of the movie?  On the commodities trading floor at Four World Trade Center, the Dukes commit all their holdings (Randolph doing so against Mortimer's advice) to buying frozen concentrated orange-juice futures contracts; other traders follow their lead, inflating the price. Before the real crop report is declassified, Valentine and Winthorpe sell futures heavily at the increased price. After the forecast that the orange crop will be normal, the price of orange-juice futures plummets. Valentine and Winthorpe successfully cover their short sales, turning a profit of more than three hundred million American dollars. The Dukes fail to meet a margin call and are ruined, being left owing three hundred and ninety-four million American dollars for futures now worth a fraction of what they contracted to pay. Valentine and Winthorpe explain to the Dukes that they had made a wager on whether they could get rich while making the Dukes poor simultaneously. Valentine collects $1 from Winthorpe (who had believed their revenge plan would fail) while Randolph collapses holding his chest, a heart attack having seized him, and Mortimer shouts angrily at his brother about their failed plan.

Well as of today, Orange Juice has just hit an all time high price of $223.25 , and has returned a jaw-dropping 32.4% YTD, or 7,032% annualized. This is the biggest 4 day surge since October 2006, and for all intents and purposes, essentially the biggest ever. Needless to say, Randolph and Mortimer Capital LLC is back up and running, and has been forced to limit investor inflows due to unprecedented interest in this asset class, which, yes, you can eat (a little freeze drying may be required in advance). At this rate, bottle service of Dom Perignon will cost less than a small container of Tropicana!

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