Resident gold bug/ United Parcel Service, Inc. [[UPS]] water carrier, Jakegint, deserves some accolades for his accurate commentary on gold. Since I am not interested in paying homage, I thought you might like to lick his heels and pay tribute for his “sageness.” You know it’s very rare for me to acknowledge another persons winship, since I am too busy focusing on my own.
As for me:
I am enjoying the “suckers rally” with great vigor, as my [[VXX]] , Flotek Industries, Inc. [[FTK]] , SandRidge Energy Inc. [[SD]] and [[CBD]] positions melt up. Howsoever, Goldman Sachs Group, Inc. [[GS]] is becoming a bit of an albatross and needs to “buck up,” or get the fuck out. You know what I’m saying? Additionally, today’s intra-day buys of Eastman Chemical Company [[EMN]] , ON Semiconductor Corp. [[ONNN]] and SINA Corporation (USA) [[SINA]] have not afflicted grave harm to my person, just yet. However, let it be known, I expect grand moves out of the trio.
The issue at hand is: to believe or not to believe? With all of the western world partaking in quantitative easing, ask yourselves: where is the coin coming from?
Answer: from us.
My “Hugh Hendry Theory” is still very much alive, despite not having a [[TLT]] position. I do believe we will be “funneled” into treasuries, via adverse market conditions. Gold is trading on its own now, irrespective of the dollar. So, we have ourselves some end game situations coming upon us. What I mean by that is: confidence in all currencies are waning. Do not be surprised to see an orchestrated “fuck you, you’re dead” push lower, sending equity lovers into bonds.
In short: I’m as bearish as a motherfucker in a male only world. But, I am smart enough to avoid murderholes aka “short positions,” unlike many of you macabre blogging dick suckers.
[youtube:http://www.youtube.com/watch?v=Q9MYuAcGxRg 616 500]NOTE: The PPT Overall Hybrid hit 3.00 today, with a record 70% of large cap stocks ranked buy. In my opinion, close enough to be considered OVERBOUGHT.
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Quoting Jake: “Yawn.”
A tale fitting for our resident Troll.
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LOL — Resident Troll 🙂
I’m long gold, short EurUsd, short equities.
Fuck, I seem to agree with Fly.
He’s not short equities, Evelyn Wood.
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Grazie, I appreciate l’Ommagio, M. Le Docteur de le Fly.
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Lets see. The last decade of the DOW show’s it’s only had a 6% gain but is still down 34% off it’s highs.
The last decade of gold prices shows it’s had a 400% gain.
Granted, I like Jacksonian principles as much as the next guy, but lets be realistic shall we?
Realistic about what, exactly?
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That perhaps it would be prudent to consider that 400% decade gain in gold versus the 6% gain in the DOW and how quickly these two meaningless numbers can do an about face in a most brutal and egregious fashion.
I’ll pay homage to your goldiness, but I see a gold plated scorpion eventually.
You need to do some deeper study on bull and bear cycles.
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JacksonianGint.com
Here, here …. added more cash today into the rally
I don’t understand why a single major economist out there cant see the link between this oil spill and the euro.
If the AUD Australian and CAD Canadian keep rallying on this oil panic, it has to benefit the euro by osmosis.Its going to end up costing us as much as greece’s entire deficit, just dealing with the massive loss of fishing for rest of summer.
At the very least , you will see a flight into pesos, rubles, and any other country with an oil backed currency.
Id recommend Venezuelan dollars too, but i have no f-ing idea what kind of currency they trade.My best guess is painted seashells filled with lead contaminated churro flakes.
Huh? Can you elaborate in the PeeGee?
PeeGee (‘Grandiflora’)
The best known Hydrangea paniculata is PeeGee. This hydrangea gets its nickname from its botanical name, H. paniculata ‘Grandiflora’ (PG). Although PG refers only to the ‘Grandiflora’ variety, many florists have started referring to all paniculatas as PeeGees.
There. Full elaboration on the “PeeGee”.
Unfortunately “PeeGee” flowers are only accepted as currency on “skull island”, at this time.
LOL – panamaorange gets my vote for tabbed co-blogger w/ Samsonite Hamburgalar
Fly, out of gentlemanly curiosity, what do you need to see in order to put on the burlap ear-muffs and make flagrant short sales?
How about some market direction?
Jake great call…..it is interesting cuz Gold normally rallies into ECB and BoE and pulls back after, yet I think a lot of people are seeing what Fly is seeing and is moving into protection………………………..which reminds me, Thank You Uncle Fly too, in reminding me that I needed some VXX for my chest, got some today……….also, off the record, when China gave us all these warnings before in other sell offs, did everyone ignore them too???
No, I did not ignore the China news (that is not publicized in the US). I said short EJ in mid-April but can’t find it because the search function doesn’t work on iBC. Doesn’t matter, I know I said it.
google found it for you
http://ibankcoin.com/flyblog/2010/04/16/goldman-ball-sachd/#comment-154878
Real Hmmm and Sub-Piker, Thank you for the link! Actually I was not talking about this smart bunch here but rather the normal Funds out there….China seems to recovery/roll over before we move…and I was just trying to figure out what the cause of the delay was last time and is that a normal pattern?
Magic everywhere in this bitch
This is fucking hilarious:
“In short: I’m as bearish as a motherfucker in a male only world. But, I am smart enough to avoid murderholes aka “short positions,” unlike many of you macabre blogging dick suckers.”
The Fly is God. Is there a doubt?
Ur not living in a man’s only world my dear
The Zombie is Undead.
Correct! I’ve been undead for 149 years. Check out my gravatar.
When has buying on dips been a bad idea. Were going up. When you listen to the vintage suit wearing soldiers on wallstreet their still bullish. This may not be be the best market to make a quick buck in, but there is some quality stocks that have come down enough, worth putting some cash in.
Goldfinger!
http://www.cnbc.com/id/35816251?__source=yahoo|headline|quote|text|&par=yahoo
Cramer on GS’s sell rec of HOG and his take on ONNN ….
Horrible Optics and Cowboys!
Hah. One guy telling me the market is overbought, one guy saying oversold.
The question is, “Do I have a God complex?” Which makes me wonder if this…politician, has any idea as to the kind of grades one must receive in college, to be accepted to Harvard Law school? Or if you have the vaguest clue about how talented someone must be to lead a trading team? I have an J.D. from Harvard. I am Chief Executive Officer. I have been awarded citations from the Robin Hood Foundation and I am never sick at sea. So I ask you; when someone is in a plunging market and they fall on their knees and they pray to God that their account doesn’t tank or that margins aren’t called, who do you think they’re praying to? Now you go ahead and read your bible-Chairman Levin –and you go to your church and with any luck you might even win the next election. But if you’re looking for God, he was at 200 West Street , on May 6, and he doesn’t like being second guessed. You want to know if I have a God complex? Let me tell you something–I AM GOD, and this side show is over.
Lloyd Blankfein
Steak knives for you, sir.
A matching set.
But that’s not from GGGR, it’s from the other Alec Baldwin flick… where he was a surgeon, no?
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Malice with Nicole Kidman
Ah yes… pre-botox Kidman… very nice.
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+5
Buffet endorsing Blankfein..is like my Father-In-Law endorsing Wal-Mart with his jillion shares.
“where is the coin coming from” buzzes asks la mouche. Once upon a time ago the Bard wrote in King Henry IV, “So far as my coin would stretch;and where it would not, I have used my credit.” Not a fucking thing have we learned. Credit, debt, relieve the scoundrels, fuck the man on the bottom. Tie your shorts in a knot and send them to the IMF. Fondle your cash.
Beware…