Regardless of your disposition, this is a hard tape to trade, with various cross-currents mucking up sentiment. To hedge my overweight silver positions, I bought some ZSL. And, to park my 50% cash position, I took 10% of my assets and bought TLT aka “The Hugh Hendry.”
My stated goal is to slow down the beta, in order to not get blown to pieces. Therefore, it’s imperative that I live to fight another day.
The upside is obvious: this blip gets bought and everyone is back to sucking tits again. Or, perhaps this is the beginning of the ending, with commodities leading us down. Frankly, there is no way to know which way this market will turn. And, we certainly will not resolve these issues on a slow Friday afternoon. Therefore it makes sense to go to cash, hedge or trade quickly.
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Off to go get my fashionable thick-rimmed glasses, some false teeth, and an affable british accent.
True…The Clam can come in at any moment. I hate clams.
Spaghetting vongole for you.
lol…. clam nazi (ala soup nazi)….I am just waiting for Ben to pop up and try and bitch slap our dollar again…but my US Dollar has been getting tougher like vintage Rocky and it’s going to take him down.
Little US Dollar your next goal is 75.81, with not much econ news on Monday, you can do it…run, little one, run
Ha, love the new picture.
Indeud good sir, I also added june calls earlier in $UUP $TZA and $ZSL. (small positions in all, well $UUP is large because they’re cheaper than bread at this point)
The bears are waking up for the summer.
Also this commodity flip flop is nearing John Kerry levels.
http://i25.tinypic.com/yjonk.jpg
Fund managers are WAY over positioned in safety trades last few months . SLV XLV XLU XLP FXF FXY TLT . When, in history, has that kind of mass risk aversion preceded a crash? This would be the most telegraphed summer pullback in history. Which is exactly why its not too likely to happen.
Sideways or chop is possible, however
Pana..Actually the long on the Swissie, even though it has been the safe haven, it is so long heavy, along with all the risk currencies…SLV is so beyond historical long…that side of the boat is so crowded it has to sink…maybe the fund managers are crowding the trade while hedging with Utilities…but as we learned by 2008, Good stocks go down just as fast as Bad ones…therefore those Utilites can fall off the cliff too, imho?
I call Bullshit!
ZSL 3x Inverse Silver ETF down 6.85%
AGQ 3x Silver ETF up 2.25%
Something’s not right.
ETF time warp.
FLY..watch out for that ZSL produt…its a better idea to short AGQ..check out what zsl did yestday eventhough slv was down 4% ..it was still down…At least with agq you will get the drip on the time value…..just a heads up…
This market is less predictable than a philly scorned.
Think Saskatchewan,Canada. Oil ,Potash ,Gas, uranium ,wheat, Gold, Rare earths, forests,Water everywhere. Commodity heaven. Eat shit Texas. Come to Beulah Boys. Bring your Bernanke Bucks, we could use the toilet paper.
Screw you, we’re from Texas, land of earl and drum-fed 12-gauge shotguns. Your women wear parkas.
…and they rub their leathery skin with seal oil.
A lot of seals in the middle of North America
They trade pelts for oil.
Believe it!
You forgot -40 Celsius winters.
you all forgot Pilsner though – and the riders
And “the Tunnels of Moose Jaw”.
the fly is god, dammit
just as the mtk goes so goes the farmer, drought in some parts while flooding in others , so im thinkin long food,so dba, moo? any others ?
or is it as the dollar rises food goes down?
I just finished drinking lemonade and noticed some ants at the bottom of the cup. For some reason, the lemonade was very tasty, I may have drank some ants.
Good protein fur ya there.
Did you know ants poop cyanide? Look it up.
Give this guy a tab.
BTW, you know I am totally amused that you post stuff on Jim Rogers ala Bowtie Diaries. Fly you and I can walk by each other and I wouldn’t even know who you are…but he can spot me in a crowd…funny, out of everyone here…he is the only person I really know….Jim Cramer can spot me too, but it is so sad to be on the opposite side of the trade with him….just a random thought…Fly you are so lucky to have met Chess, Jake, Scott and everyone.
Why don’t you hit Rogers up for a few mill. I’m sure hes good for it.
I could pick both Cramer and Jim Rogers out of a crowd.
Bullish…lol,you will have to stand next to the guys for me to pick you out …John, Money comes and goes…in fact, the hundred he sent to me to get my passport, I took forever to cash, it was just so cool to have a check from him (I did photocopy it though and then I cashed it….very sweet birthday present.
looking at renn, in at 13.11
I had built up 3 million dollars to the peak of 45 million just two weeks ago trading silver and silver derivatives now back to 13 million and I am frozen and can’t sell.
Please help me
move to a warmer climate,
Just repeat the word “FIAT” in all caps. Then, start wearing a multicolored bow tie. Loading the boat in one asset, with no thought paid to entry points or diversification, will then start to make sense.
The key is to tighten the bow tie until it cuts of circulation to the frontal lobes of your brain. Thats how jim rogers sits long commodities, forever.
Try magic beans, especially clambeans – way more liquid.
Hey Retard
Go buy a kick ass boat, put your $13 million in cash and ride off into the sunset with the family. If your single then grab a VIP room and start fuvking young hotties in South Beach..
Don’t give it all back. Put it into various currencies if you hate the dollar.
I will never understand why people can’t walk away when they are set for life.