Far from bit 'light', we lost one week which everybody seemed to have forgotten about. Not a great piece, hedging currency exposure is rather basic even for the dumbest of investors such as myself

I do partially agree. I am not quite sure where this is going. Access to those two guys is something I have waited for a Long time. my Impression is that they might want to get some Basic stuff across at the start so nobody is left behind when Things get more interesting and actionable. However, I would like to hear a comment from the two. If we are supposed to stay at this Level, it feels a bit "light".

I don't necessarily disagree with this but perhaps it's important to catch the subtle ideas that Raoul and Julian pass on. For obvious reasons we're not gonna get the complete GMI content but Raoul's recent comments on things like FB and GOOGL ought to catch our ear and eye. Also WGO and ELS might pay for the whole shebang over time.

My view exactly.

Apologies for repeating myself on here but a forum is a must in my opinion, come on, many free amateur sites provide one....

Of course I meant 15e/34w as per the article. Hey Macro Insiders, can you give us an edit function please? Thanks!

HaHa a buddy that works at a hedge fund .i should be so lucky i doubt my buddys could spell hedge fund lol . i was not expecting Gmi & mi2 to actually release there main publications to me however i do understand how you or somebody else would feel my comment was a serious request .. let me assure you it was not..more of a 'tongue in cheek comment' so wind ya neck in plz . peace out !

But you might give these publications to your budy who works at a hedge fund! Get real

I include myself as someone with less experience who would benefit from some of the potential trades being laid out more explicitly. I think some of the criticism below is a bit harsh but it would be a shame for myself and others to have to abandon this service because of an inability to justify costs. I do think some sort of forum could be provided whereby some of the more experienced guy then maybe help flesh out ideas. My preference though would be that Raoul & Julian provide a few potential ways to play themes. Every issue doesn't have to chock full of trades but it does feel a couple of specific trades against ideas would be welcome by most each month.

Please see promotional link- https://www.realvision.com/landing/gen-macro-insiders. To excerpt------------------------------ You can now access Real Vision’s first ever premium research product, Macro Insiders. Macro Insiders is a revolutionary new type of financial research product. It gives individual investors access to elite financial analysis that is typically only available to big banks, hedge funds, and wealthy families… At a fraction of the price. Macro Insiders will deliver the same benefits the world’s financial elite have enjoyed for years. It will pinpoint opportunities to make money in stocks, bonds, currencies, commodities, and real estate… In any direction. Julian and his six analysts have 2,000 proprietary models and indicators they use to constantly track the market. It all starts with the charts. And when something 'flashes', Julian and his two senior analysts find the best way to play it. --------------------------------------------------------------------- From this promo and its tie to a $40,000 subscription, I did expect actionable trade ideas. Please look at the multiple stock charts detailed in the promo. In reference to the actionable ideas form your post, what percent of your portfolio are you willing to allocate to a play on gold, Exxon puts or the US dollar? For an investor versus a speculator perhaps one would allocate 10% to all three. Market index actionable ideas are required to invest a much larger percent of the portfolio. I subscribed to make money. I can obtain theory free from multiple sources including many financial web sites. Please take my comments from the view of an individual investor with 1.5 - 2 million dollars in both IRA's and non-retirement assets. My goal is investing more of this with ideas from my subscription.

This is a spot on comment . well put

Hi Daniel, thanks for your message. I'm looking to build into a decent short DAX position by adding contracts with rallies in the underlying. I will also look at maybe going a little further out on the time horizon as an added 'cushion'. Julian did say in the short term he expected the EUR to ease off a bit after its strong rally, thus likely adding to near term DAX strength. My hope is to build a short position with better entries offered by a rallying DAX. I wanted to at least get some puts in the portfolio to take advantage of both Julian's and Raoul's sense of an upcoming correction and increase in market volatility. The Bund yield has recently started moving higher too, and I'm keenly keeping an eye on that .6% figure Julian mentioned. That would help add to my conviction, as would a renewed spike in the EUR. Time will tell, but should be an interesting coming six months I feel!

Hey Jason, I am also following Julien's analysis. Regarding the DAX, my understanding of what he said is that he is expecting a higher Dax in the short term (due to a possible bounce in DXY and because the DAX was already down quite a bit from ist high) so I think his Suggestion was to wait for a better entry. A better technical solution to discuss These Things would be great.

Julian, Thanks for your response to comments. For me. I appreciate any sharing of your process to making a trade. I don't expect all trades will be winners. It would be helpful to get your thoughts on how it plays out as time goes on, also a guide to time frame your thinking of and maybe anything that might make the trade a dead duck that we should watch for would be helpful. So far so good .

That is a good solution. I subscribe to other high-end letters and they will suggest a few different ways to play a trade idea ...perhaps buy any ETF, an option, or a spread ... a few different ways to trade an idea. However I don't want to understate how important the educational component of the service is. The entire line of real vision products have been exceptional thus far for me personally. I enjoy some of the challenges raised at times by the advanced investment cocepts and methodology that have been presented on this platform. I feel like I have a advanced knowledge of investing but when I have to go searching to find a term I don't understand, well for me that's a good thing. I've advanced further. No one starts out as an expert and even those here with significantly advanced knowledge I can't help but believe pick up a few new ideas or have some of theirs validated or dashed. Julian, I appreciate your statement of concern and open-mindedness and effort to reach out and understand how to best serve your subscribers. I look forward to the evolution of the Real Vision product line.

Hi Julian, Thank you for the quick response and tying the ideas together with the trade recommendation. That is very helpful! I have a few ideas on trade positioning but it may be easiest to just take a small exposure in the FX market. It's mine to figure out. I'm glad to hear that Macro Insiders is working on a Chat room solution. They should consider creating a private GMI Slack channel. Have a good weekend :-)

Marc very valid points. I know the Real Vision team are working on a far better chat room/forum, which should allow us to be a bit more interactive. However, I will say that you comments illustrate the problem we face with MI clients i.e. the client base is very diverse. You appear to be a very active trader, which is great but because you appear to use options on some of your trades, you need quick results. Now in the case of gold you got an initial bounce but now we are pausing and you want further input. However, our call wasn't meant to be a trade per se. Instead, it really meant as an allocation back precious metals after a long period of being agnostic. Maybe, in future pieces we can make set out different options to clients with different objectives, levels of sophistication.

Julian, thanks for taking the time to answer. I don't think we need a model portfolio to suit all kinds of investors. However, a more or less regular update on calls made would be what I'd except from a product in this price range: e.g. your dax call (which I executed via options) first went quite well, and then not so good. Updates on taking profits or on whether you still stick to it would be nice. Same for gold, which is stalling after a nice run, which you nicely called. As both Raoul and you seem to agree, time horizon and trade size are crucial; give us your updated views, and we will then make our own, informed choices as responsible investors. But we pay you for your specific views, which we value so highly!

Gerald the macro thinking is an extension of our comments around European fixed income. With the exception of the BoJ central banks around the world but especially in Europe have overcooked the economy. That's because they treated a fall in oil prices as deflationary and not what it really is i.e. transitory disinflationary but ultimately stimulative. Hence we are getting far higher nominal GDP growth than they expected. At this stage their temptation is to resist market pressures for higher rates. After all they need financial repression and I suspect some of them are trying to Nominal GDP Target. However, at some point the pressure gets too great and something has to give. In Sweden and the Czech Republic they've held bond yields down but the currencies are staring to take the strain. In Canada and now the UK we've seem a combination of bond and FX movement. The good news is that because all of these are smallish markets and none of their currencies are funding global risk then the fallout is constrained. But wait until the ECB is forced to switch tack.

Everyone watching GBPJPY saw the technical breakout from the previous two highs at around 148. Is there a "Macro" reason for your thesis that takes it to 165, do you have a model that supports that level or is it just a technical target reclaiming the Brexit induced drop? I'm just trying to understand your thinking behind this recommendation. Thanks!

Forgive me Julian, the last paragraph almost reads as ...here's a trade idea that I thought of , enough of the negative comments. Disappointed and usually the first to stick up for RV when I read negative comments, but slowly losing my trust in this product.

The promo for MI succeded in (1) gaining a large following and a succesful launch but also (2) raising expectations quite a bit. It was HEAVY. Still a believer but.....

I agree, was hoping for something more substantial.

completely agree. This piece of research was very basic.

I as yet have not changed my views. I like to give things time as the dollar isn't just a trade to me but an investment thesis. on trades I tend to be more stop-loss focussed.