Okay, this is when the people with gray matter separate themselves from the imbecilic dart throwers. Now is not the time to randomly pick stocks, based upon your fucking charts. I piss on them. You need to recognize that oil can go a lot higher and that geo-political risk is inherently good for precious metals.
Here’s how to play it.
Hedge via any number of macro inverse ETF’s, like TZA, SKK, SRTY or SQQQ.
Get long gold/silver/oil ETF’s, like AGQ, GLD, USO or UCO.
In the event the metals implode too, hedge that with a little Hugh Hendry, via TLT or UUP.
If you believe we are in the verge of an epic homosexual opera, get long VIX, via VXX or TVIX (double madness).
Drilling down to specific names, I’d remove any overweight holdings that are not specific to the gold/silver/oil complex. That means Ag is OFF THE TABLE. See MOS.
When buying gold/silver/oil stocks, be sure to buy the ones that are responding to the crisis. Today, small cap oil is exploding, namely ROYL, PDO, FPP, BDCO and TGC. But those are gambles. Other, more established, names worth a look are: SA, APC, AG, EOG, CHK, CRK, PBR and CLR, just to name a few.
The name of the game, as always, is survival. Not to sound all melodramatic and shit, like those fuckers who say “and so it begins”: but you really need to stay on top of your holdings now, else miss out on the next inflection point. Always remember, fuckface, the key to outperformance and lots of digits in the checking, is minimizing losses while throwing trash on your neighbors lawn. Hopefully you are taking full advantage of the tools inside of The PPT right now.
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RE: “AGQ, GLD, USO or UCO –”
To be clear, the “normal” ETF for silver is SLV. The double-ETF is AGQ.
The miner ETF for silver is SIL, and the miner ETF’s for gold are GDX (large cap) and GDXJ (smaller caps).
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“If you believe we are in the verge of an epic homosexual opera”…..
That is high in calories!!! Awesome and Amazing
Hey trading Nymph and Cain what are you guys doing with this down turn?
Mohammed’s first day of school
“What’s your name?” asked the teacher.
“Mohammed,” he replied.
You’re in America now,” replied the teacher, “So from now on you will Be known as Kevin.”
Mohammed returned home after school.
“How was your day, Mohammed?” his mother asked.
“My name is not Mohammed. I’m in America and now my name is Kevin.”
“Are you ashamed of your name? Are you trying to dishonor your Parents, your heritage, your religion? “Shame on you!” And his mother beat him. Then she called his father, who beat him again.
he next day Mohammed returned to school.
The teacher saw all of his bruises and asked.
“What happened to you, Kevin? she asked.
“Well ma’am, shortly after becoming an American, I was attacked by two fuckin’ Arabs.”
LOL. Too loud at work!
Good one.
The father should try to get a job in our State Department.
How about the father for your President?
Barry Sotoro to Barack Hussein Obama is it?
I am long SMN, FXP, AUY, DRR, ,FAZ, and the most hated VXX.
i’ll short some VXX over your way today if you need more, but I won’t cover for 5 years. 🙂
Weak auction and Oil hitting resistance really looks like USD rally building, so thank you for taking the other side of the very doggie VXX.
Fuckin hilarious!
Down with this stuff…
I am down with it I mean…
Opera is not gay. But Ballet might be.
Ah yes. Sweet memories of the Arab Oil Embargo in the ’70s.
There I was driving the family ’68 yellow Impala Station Wagon to get gas, only to wait in a gas line for 3 hours.
And then I get home and my Dad yells at me to take the ’71 Ford Galaxy to the station for a top off.
Well, old man John (RIP) wasn’t too happy to keep seeing me at his Chevron station.
Especially, because I was only topping it off.
He sent me back with a message for my Dad.
At least the trips were not wasted.
There was a Royal Castle near by with great burgers (the little square ones like White Castle).
We used to sell beer to the people sitting in their cars in line – $1/bottle.
Do you remember even/odd days at the gas station?
Yet another reason to buy shares in TLSA.
TSLA. typo.
Electricity is not an energy source you dufus.
Maybe not, but it is a medium of transport and storage of energy. (A much cheaper one than gasoline per joule). I would insult you back, but you are from Texas. Which I like.
Yep. I do recall.
>>Not to sound all melodramatic and shit, like those fuckers who say “and so it begins”…<<
You mean the clock stopped at "Zero" that's right once a year? That dude is just angry, and you can't make any money THAT way.
Good post. Money.
I just experienced a tiny baby miracle in MOS…thank god i am out
http://www.youtube.com/watch?v=GT8ezbwwBCY
thanks fly… bottom is in. long SSO…. shorted oil at 100$. shake out bitches
Exactly. I bot:
2/17/2011 1/2 position SH
2/3/2011 Full UUP
1/26/2011 1/2 position SH
1/20/2011 Full SLV
Good call Fly, now when to scale out…
senoir .i have a password yet cant get in?