I sold short 2,000 AEM @ $67.61.
I intend to sell short this overpriced pig a great deal, up to $71.
Disclaimer: Fuck gold.
If you enjoy the content at iBankCoin, please follow us on TwitterI sold short 2,000 AEM @ $67.61.
I intend to sell short this overpriced pig a great deal, up to $71.
Disclaimer: Fuck gold.
If you enjoy the content at iBankCoin, please follow us on Twitter
fig
Short AEM? What are you smoking there buddy… this is a top producer..
you short laggards not leaders…
🙁
but what about the goldbugs?
Here comes another VXX but this one on the upside
Very bold shorting what many percieve to be a parabolic blow-off. But it’s not.
It is simply a marginal new high or the classic “Wyckoff Spring” before a reversal.
But you’ll need a little patience…
No worries, he’s gonna experience a wick-off alright.
I guess there’s always shopping.
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bold? I know many other words to descrive it.. lmao
I would wait to short gold stocks until you get a gap up in the price of gold and the stocks (the majors like ABX,GG,AEM,NEM-or just GDX etf) start fading the price as the gold price goes up (amateur buying on the gap up).
It is coming but not here yet.
Patience.
Do some Hare Krishna chants or something.
Looks dangerous… good luck.
Need somebody to blog about Japan vs China…possible scenarios of Victorious Japan..!??
I’m not seeing it…everything I can think of is a “Win Win” result for China..
Any possible way Japan could join “Euro Union”?..haha
seriously…anyone going “in depth” with this battle?
will you be tossing someone (I vote for Geithner) into the “fag box” this afternoon?
And Barney Frank.
5 minute penalty for holding and unsportsmanlike conduct.
Except he would like the fag box.
Barney is of course in the fag box, he is there now decorating it for the future visitors.
Barney is in the fag box, in his boxers.
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Gold just made a new high – and again XAU and HUI did not made a new high…they did not made it above their 2009 high – LOL
Maybe somebody can explain this (Jake?).
Here are historical charts of NEM and ABX and as you can see NEM was $56 in April ’96 and ABX was about $30 back then.
The gold price was substantially less (about $400).
I would contend that the etf GLD has siphoned investor $$ from the actual gold stocks.
http://finance.yahoo.com/echarts?s=NEM+Interactive#chart1:symbol=nem;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
http://finance.yahoo.com/echarts?s=NEM+Interactive#chart1:symbol=nem;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Exactly – the hedgies are all hiding in the ETF’s and will be the first ones out the door when someone yells fire … the perfect short or put option play if they have options.
Yes.
The GLD etf (and some of the other commodity etfs) are fueling prices higher than they should be
It will be like the Three Stooges trying to get out of the door at the same time when the outflows begin.
The problem is when?
Could be a long time.
In the absence of short sellers in this etf the stampede will be even more brutal.
In 2008 GDX lost about 75 %!!!
They were notorious and stupid hedgers.
I own neither (nor AEM, for the worth of it).
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you hedge with DGZ or just write calls?
I see you started shorting the stock…. You’ve made wrong calls lately… do not fear to make things worst?
WOW, Fly puts his $ where his mouth is! His sack must be dragging on the ground today and Mrs Fly must be looking for the lidocaine jelly … I’m envious!
This market is untouchable in this range. Best play, eat a sandwich, or short ES over 1120.
Or,simply go for a relaxing drive.
http://www.youtube.com/watch?v=Ir8Y4iFrWk8
Two women were out for a Saturday stroll. Karen had a Doberman and Betty, a Chihuahua . As they walked down the street, the one with the Doberman said to her friend, “Let’s go over to that bar for a drink.”
The lady with the Chihuahua said, “We can’t go in there.
We’ve got dogs with us.”
The one with the Doberman said, “Just watch, and do as I do.”
They walked over to the bar and the one with the Doberman put
On a pair of dark glasses and started to walk in.
The bouncer at the door said, “Sorry, lady, no pets allowed.”
The woman with the Doberman said, “You don’t understand.
This is my seeing-eye dog.”
The bouncer said, “A Doberman?”
The woman said, “Yes, they’re using them now. They’re very good.”
The bouncer said, “OK, come on in.”
The lady with the Chihuahua thought that convincing him that a
Chihuahua was a seeing-eye dog may be a bit more difficult, butthought,”What the heck,” so she put on her dark glasses and started to walk in.
Once again the bouncer said, “Sorry, lady, no pets allowed.”
The woman said, “You don’t understand. This is my seeing-eye dog.”
The bouncer said, “A Chihuahua ?”
So Betty, with the Chihuahua said,
“A Chihuahua ? They gave me a fucking Chihuahua ?!”
Ah yes, the kind of shoot from the hip call that comes from too much success. Well, hey…its human nature to crave a little ass whipping once in a while. And Fly, if anyone can pull it off, I would put you in the running. But long term, I’m just sitting on my miners like an old turkey. It is a bull market, after all.
Anyone care for a little wager? I spec that GDX will hit 80 before it hits 45.
Market starting to go green … if we rally to a new high on the SPX (1128), I will add more hedges (TZA/FAZ) and hold my longs expecting a max pullback to 1090.
Expecting TZA to drop from up $1 to down $1 soon … walk the tightrope close to 1030 without breaching it leaving most afraid to take it then resume it’s climb as 1030 holds one last time.
Got my buy in for $28.35 …
I am halfway disgusted, on all counts.
Might as short AAPL here too……..
The dreaded “spite short.”
How often do they work out, anwyay?
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Is this just part of his beef with you … he’s gonna show you that he’s right, kinda thing?
GMCR Part II
Maybe he’s just bored since he can’t go long (see last post).
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Give me my damn +40…..
Moment of truth for RIMM coming up…expectations are $1.36…Gut check
Sold crazy person GME Sept 20 puts from this morning at $0.55 (112% intraday profit). Was up to 200% at one point but I set a stop and left it.
This market will rally until I am forced to sell out of my DXD position. Once I drop that turd, the market will crash.
You can try to fuck gold, hey you can try to fuck another fly …
whatever makes your cherry pop… can you do it? That is another story…
PS: VXX target 9.81 … give it time.
AEM ramping in anger, now.
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I don’t think I have ever before seen such unanimity on this site.