I am sure my money will be invested in a variety of industries inside of a few weeks. That’s just the way I roll. However, for now, the only industry that makes sense is gold. It’s worth noting silver has become a playground for speculators and is less reliable. Although the potential gains in gold are less attractive, so is the downside.
I do not like stocks here, save GSVC. I bought GSS on the prospects that QE3 may become an option. Look for the Fed fuckers to talk it up during next month’s meeting at Jackson Hole.
For now, I am long TZA via calls, EDZ (small size), MWW, GSS and a few other small dicked positions.
My cash position is 80%.
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So the market is making you a little nervous as of right now?
only an idiot would get nervous while having an 80% cash position.
Treu. But doesn’t your 80% liquidity indicate that you are playing things close to the vest? Or are you merely loading up to go all in at the appropriate time?
Just trying to understand you logic my good man.
I am waiting for a good entry.
that what she said….
Sounds like she was wearing a strap on.
Sounds like I’ll have to get my snake out.
Hmmm guess I was first…….so here goes……… FIG
Wow, check out the action on $SWC this week. They’re a PM / Rare Earth mining company. My iron condor just had one wing tip burn traded to the other. Awesome! I think some August calls to the upside could bank some nice coin this week (or next).
Or just take a nice debit cash withdraw.
I’m not trading this idea, it’s another sideways trade for me.
It lost it’s luster with it’s diversification into the red metal … Dr Copper, paging Dr Copper ….
O. I now C. Thaks Teahouse. U da Man! I learned this past week that it’s “illegal” to “trade in” pennies for their copper. Bummed me out. I was ready to bank serious coin; or rather, offer coin to melt and buy more PM coin.
Some experts say each penny costs 1.3 cents to make, but, depending on year, are worth 2.1 cents in their copper weight. In any case, pennies are a lost cause, but sales taxation requires their existence (so I’m told).
Well, I hope $SWC stays in its range thru Aug. Thanks again.
$3.40 / pound for number 1 scrap at the local junk yard. That’s down some but still far above what it was for a very long time previously.
Sen. Gint for President!
oh no no no, not while there is a 2 for 5 on big mac’s and quarter pounders with cheese…….lol
funny you should say that,yesterday i went 90% flat,this morning i said the same to my self…….i said, SELF, just go all gold, too much noise about the world going bk. and now, you seem unlike yourself. i’m thinking that you have become distrustful of these here markeets.
V.King for President
Do not rate this comment with a thumb(s) down. If I receive more than 50 negative votes I will ban myself from posting here for 1 year.
If The V.King gets 50 or more positive votes I will make myself a tabbed blogger and replace CT….
…I think King’s might be disqualified, but I’ll get back to you on that…
HMMMMMM … good point….now off with your head.
I don’t like the early results…
V King, don’t pay too much attention to thumbs up and thumbs downs. Who knows what kinds of a*holes are lurking around this board, altng with the good folks. The Internet is full of folks who can’t get any attention in real life because they are obnoxious and inappropriate at all times. If these are the people give you thumbs down, it means U R wonderful.
The Internets are not like real life, where you can see who is approving of you or disapproving, so that U can make a judgement about whether their approval is worth having or not.
Lots of folks don’t realize this. THE INTERNETS ARE LIKE REAL LIFE. Everyone should make a sign saying that, so they remember.
I meant THE INTERNETS ARE NOT LIKE REAL LIFE
Don’t worry Mr. Frog i’ve doubled my votes in the last few minutes…Vote early and often
I gave you a thumbs up King; only for the inanity of it all.
Me too.
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Shut up. The internet thumbs up and down feature is exactly like real life.
Yes…rigged
Hey Mr. Frog
The 22 votes against are in precincts with high percentage of un-employed. I’m counting on winning this contest after 5pm when people with jobs get home from work.
I do think you’re clever though, maybe you can help me with a cool name for my blog.
What’s your concept that you want to communicate in your blog, V. King?
It’s all about making money and lifting heavy objects. Plus hot chicks, fine sundries and booze. Basically being an Alpha Super Male ….think the opposite of the CT blog…
VK blog theme song and video:
http://www.youtube.com/watch?v=4TBoH3v8EGs
No. This one. It has it all. The heavy lifting, The Alpha male thingy. Note the two buxom women dragging said male off to the love nest.
http://www.youtube.com/watch?v=1fB0tv31-ys&NR=1&feature=fvwp
Interesting. Will brainstorm it some– just things off the top of my head. V. King’s Fabulous Wealth Blog? V. King’s Iron Pumping Blog?, Valor and Strength Blog? Maybe none of these names are your style, but maybe it will get your creative wheels turning about what really is your style. Super Alpha Trader blog? Let’s Go Get ‘Em Blog?. Conquer the Markets Blog?
Pillage and Plunder the Markets Blog?
What is CT blog?
CT blog…don’t worry no one else knows his blog either….
Zeus blog? Vesuvius blog? Cajones of Steel Blog?
“V King’s Freshly Waxed Chest” Blog.
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Now that’s a game changer….
How about “If Lenny Dykstra had never played baseball, his name would be V.King”. Also, looks like the vote for your being banned is complete. The people have spoken, all 50+ of them.
Pillage and Plunder….hmmmmmm
I do like that one myself. Is that the closest so far to your style?
That or “Shoving My Cock into the Whore Market’s Mouth” …but I think “Pillage and Plunder” works too….
Everytime you make this many posts in a short period of time you end up getting banned within the next 24 hours. Just saying…
Ego-King… thatt sounds pretty good….
I like that one. Anything with market cock shoving is steering the right direction.
You should be banned for thinking we care if you “deign” to ban yourself.
You should dip your face in acid so you can see first hand the disgust your current presence invokes from people who now just do it behind your back.
the V eats at the Y blog
King, I wasn’t sure what thumb you wanted a vote on??? But, I’d blog for the V.King! All Hail. I like “Pump & Pillage 4 Babes 4 Every Pleb.” to trademark. I only ask a 10% royalty on usage. Thanks.
Nice…looks like all 43 homeless homo’s have voted…It’s a little after 5pm on the east coast…I expect a nice surge once my constituents to start voting right after their first drink…
We need to get the middle finger added to the voting options.
And so it was that the majority of iBC bloggers were immediately bullish on gold. Along with PPT OS, this kind of consensus is one of my favorite indicators.
Not mine.
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I have created a Jakegint3000 bot. I will reveal this robot
In due time.
Are you sure you want to open that Pandora’s Box?
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isn’t QE3 a bad sign for the ecomony?? I dont see it as a positve at ALL
Good for cotton producers and printer parts manufacturers.
Gold Just Launched outa the triangle 1572.30 now~ 3:30 pm..
About 10 miutes ago n, like check it …Gold /silver going to move now !
till debt limit shit settles ..hey alarm just went off ? Who set that ?..Some one in a time machine?
QE has been a disaster. Think of the huge misallocation of capital that is going into digging up gold to stick it in a vault. Another government program that will cause long term pain in order to create the illusion of a short term recovery.
That “disaster” has doubled the stock market and kept interest rates low.
Printing money and defcacto devaluing the dollar is a BRILLIANT tactic.
We can devalue our debt to zilch.
Then nobody should ever pay a debt again?
(bonds, loans, mortgages)
That’s OK by ne, Anybody dumb enough to lend deserves not getting paid back.
Take on all the debt you can, pay it back with cheap dollars.
You are SO right!
That works as long as we don’t get into the deflation caused by the Bernank and the Goldman Sachs
Impossible.
and you probably eat IPads too. Go take a walk down main street and ask the avergae person if they care about the stock market. Next read this about QE and interest rates http://pragcap.com/qe-is-not-suppressing-interest-rates . Enjoy your stock bubble. QE is good for trade but not good for the economy.
That is correct surplus. No one should pay back their debts. There is no reason to do so. When the banks have unlimited funds, there is no reason for people to pay them back for money they have borrowed either. For instance, I purchased my home for $150,000 in 2000, it is now worth $50,000 if I could even sell it. Give me a reason to pay my mortgage?
How did your home fall so much since 2000? wtf
Let me guess: Detroit?
You signed a paper saying you would? Is that a reason to pay it back?
Not with the friggin’ Brokerage House that the mortgage has been “sold to” in one
of its many bundlings. I say SCREW EM!
Since when does signing a paper having anything to do with taking responsibility for one’s actions? Ask a fucking Wall St banker if they’ve had to accept responsibility for their actions.
Okay, what about signing a paper wherein you make a promise to pay back the money? Short of bankruptcy anyway, do you have any obligation to pay back the money?
“Personal honour (sic)?”
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you gotta be kidding. I bought my house for $380k in 2002, now its worth $380k. I flipped a house last year for $190k, the one I bought for $90k + $40k in fixups just 6mo previous. Where do you live? Beruit? Gaza? Iraq?
who lives in a $50k house anyway.
My wife’s renters each live in a place worth 2.5x as much.
Dude, time to step up your game.
That’s not a home…he’s living in his car…cars are the worst investment in the world only Detroit will never tell you that…could also be an RV – one bought in Detroit.
I bought a house in Calgary 2007, which is down $250000+ since then. Knowing that I could have squandered a quarter mill on something a lot more fun (or bought more bars of silver) is disappointing to say the least.
Why is TLT not an option? Inquiring minds are wondering (and also doing the Hugh)
Hugh, does it ever get boring only buying TLT?
TLT – Oh $___!
Here we go!!!
Zero Hedge , dennis gartman, and 80% of cnbc have been talking about the “imminent euro breakup” since the Euro lows of last summer. They’re still 2000 pips underwater on that.
Hard to take the wolf crying seriously anymore.
Eurostock sector VGK holding triple bottom on daily chart . And many Euro banks CS DB BCS ING STD NBG dangerously oversold . It would be one thing if they downgraded EWG germany. But they just downgraded the already weakest area , AIB Irish bank has looked worse than NBG greece for some time.
Covered all shorts this morning, including last of VXX long swing. Still think this dead cat Dow can bounce more, before next short opportunity
Just imagine if the Dems would start trying to nurture the economy instead of milk it for all their do-gooder programs. Things might recover.
The Chinese and Europeans are , apparently, just as insane and incompetent as The USA political parties.
That’s actually a good argument against total system collapse. Money has nowhere to “flee” too. Everyone is equally corrupt and stupid. It all balances out.
Every time I visit that site, for entertainment purposes, all I can think of is:
http://www.youtube.com/watch?v=nwpE4zmQVSU
Just let it be known, before I forget and leave the post, I’m shorting GOLD before the week’s out. I haven’t divined the exact moment, but the 1460’s (futures) is next support.
I expect another day up 2morrow, then some profit taking. A spinning top, then a gap down next week.
CAVEAT: trade this and Gold will double based on general world collapse because the ceiling left the atmosphere.
That’s a very risky move imo.
been in the gld 4 ever, 30% in my ret acc,
nat gas is the shit! ask cramer
and we know how many times he’s been wrong
“Pathetic” he says.
“Lame” he says!
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