I sold short 2,000 AEM @67.32.
Disclaimer: The real store of value is tomatoes not gold bricks.
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Joined Nov 10, 2007
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Double down!
all you hyperinflation gold bugs need to take a look countries that have actually gone through hyperinflation. tomatoes will be pricier than gold. the Fly is right. fuck gold.
Not for nuthin but what happened to you S’in TFU as long as SPY > 110?
what is the shelf life of a Monster tomato?
btw- by the pound potato chips are about the same dollar cost as steak. Gotta love the American marketing machine…
This is my third short of 5
im short too, from a couple of days ago. Nice action today…
A specific QE2 program is improbable in my opinion. The Fed is flush with cash via MBS prepayments, hence them buying up longer duration treasuries. They are purchasing the long end of the curve to push down the yields of higher credit bonds to create attraction for lower credit/higher risk assets like corporate bonds. According to the latest Fed stats depository institutions are performing repos with the banks- giving the Fed cash in exchange for bonds. This is also evident because deposits held by the Fed are increasing, currency in circulation is decreasing, consumer credit is contracting, and money supply only marginally upticked the past week after contracting.
If the Fed was concerned with not enough cash being in the system then they will decrease the interest on excess reserves from 0.75% and possibly do other shit like offer beard trimmers in the lobbies of the Federal Reserve Banks to prevent further storing of cash at the Fed. Remember, the Fed’s goal is to slowly expand credit and gently grow the money supply thus yielding low inflation and a weaker dollar. Bama and Geithner will handle those Chinese and their blue light currency.
Bama and Geitner will handle the Chinese…. yeah, right.
He made it a point to mention it at the town hall script reading.
Be funny to see both Geitner and O Bam in the center of a chinese circle jerk
Oh, it must be true.
I still want to punch Art Hogan in the nose.
Going to have to sell tons of Charbuckle’s Stuff if the Fed Statement says something unexpected concerning easing.
On the other hand if it says something to force rates and dollar up you can franchise out Charbuckle’s Stuff.
I get your point fly a tomatoe is not 100.00 just likea stock right now is not worth what te are priced at. At least at a glance that is wat i got from your statement.
should we double down on TZA now ? (instead of foolin around with AEM)
Yes. or No.
Today is good time to unload VXX/TZA…
unload yourself!
FUCK BUBBLES
http://www.youtube.com/watch?v=56g0OUGK1Fw&feature=related
here is some dizzee rascal, its pretty dope.
i like this one more tho
http://www.youtube.com/watch?v=-LFc6i3ljNE&feature=related
FIND
(Fly Is Not Dead)
Aren’t you a little early on the draw here Fly? If the market does correct, as it must, gold will likely pop back up, even if only momentarily.
Right call, wrong timing.
The Fed ain’t gonna say shit. They’re just going to repeat the same old mantra about being ready to act… bla bla bla. The market is slightly down so it will rally after the fed statement and dive the next day. This is so predictable. The market is a fucking joke.
The “Markets” are saying QE is inevitable. Change that perception and rates will be pressured…Stocks too.
No QE2 coming. Fed just implements. Treasury is the decider. That means Timmy Geithner and Shamus O’Bama put their noggin’s together to come up with policy. Let’s see if they can figure something out.
Geithner can’t tie his shoes and often forgets where he put his checkbook when tax time comes around. O’Bama? Let’s not even go there.
These are the people deciding the fate of millions.
Comforting, no?
will you ever return alpha? hope to see more of your posts
http://www.youtube.com/watch?v=_SvQ_qdVKTg&feature=channel
the streets “in the middle” dubstep remix by nero
Prechter…
http://finance.yahoo.com/tech-ticker/bulls-go-to-extremes-don't-buy-the-%22breakout%22-sell-it-prechter-says-535438.html?tickers=%5EDJI,%5EGSPC,SPY,DIA,QQQQ,IWN,%5EIXIC&sec=topStories&pos=9&asset=&ccode=
Prechter Says
Bulls Go to Extremes: Don’t Buy the “Breakout”, Sell It
You will have to copy and paste the above link into your browser
He was saying the same thing when the dow was a THOUSAND points lower from here.
http://www.moneynews.com/StreetTalk/robert-prechter-us-depression/2010/07/06/id/363906
His track record definitely hasn’t been that great last few years and has missed quite a few rally’s.
He is in cash – he is talking about a years away bottom – he is a tard – why do people quote him or pay any attention? Message to Prechter – you are dying – you will die some day – you tard.
Fly,
I’m interested as to what your target is on AEM? Care to share?
D
WOW!!! Market is down the whole 15 points….. Time to short it…