A Special Message From Our Elected Werewolf

Rep. Al Green, Texas

“Would you kindly stop buying silver? It’s making me nervous.”

Kind Regards,

Fucking Werewolf

As you were.

I bought GORO and GSVC.

NOTE: I sold out of my MWW position. Cash stands at 82.5%—retard style.

Senator Gint (CH) is correct. The gold and silver bandwagon is a coveted one and he is the jockey. Watch him whip his Kentucky horses until they die, long a variety of precious metal stocks. I am simply moonlighting, here for the money then I am gone. My treu passion lies in other industries, separate from the homogenous thinking of the doom and gloom crowd.  However, for now, I am emphatic about gold, long GSS—liking a variety of other names as well.

None of this shit means anything to me, considering my 80% cash position. As the market melts up today, I lie in the tall grass waiting for a small doe in a wheel chair to lose focus.

The stock action is great. Investors are buying the dips and selling the rips. Apparently, the Italian crisis is not important and the Bearded Clam is firmly in charge. At the same time, semiconductor names are missing earnings expectations by a fucking mile. Hat tip to Analyst Bomber for calling it. He was right and I was wrong.

In closing, I am not buying into this rally just yet. I am playing small and keeping my eyes fixated on CDS spreads.

I’ve been at the grill a lot these days, some good, some bad. When I fuck up, it is always negligence on my behalf. For example, tonight I took about 45 minutes preparing a mean marinade for my chicken. It was a balsamic and herb marinade that was sure to impress the family and perhaps some of the neighbors. Unfortunately, I didn’t feel like babysitting the grill, since my yard is plagued with mosquitos of barbaric proportions.

I visited said chicken every 10 minutes or so. I had no worries about a grease fire, since my marinade was without oil and my BBQ is brand fucking new.

Big fucking mistake.

The lighting in my backyard was off, due to some fucked up electrical issue that will be dealt with tomorrow. From a distance, I glanced at a bright orange color emanating from my stainless steel grill. I said, “Whoa upon said orange person that touches thy chicken. I will slay thee with great force of 1,000 lions.”

I flipped open the bullshit grill and the flames nearly melted my face off. Gingerly, I had placed a few cute lemons on the grill, in hopes of squeezing them onto my herbalicious chicken.

FUCKING CHARRED BEYOND RECOGNITION.

I had to rush inside and fetch a bottle of salt in order to douse the flames, before they burned down the whole fucking yard and maybe a house or two. I will have you know, Mrs. Fly was quite concerned over the status of her palm trees, as it is summer time, which means “the yard goes tropical.”

When the flames were suffocated and the chicken was procured, it looked like this:

Actual photo of Chef Fly’s dinner

Upon entering the house, I told the family, consisting of three hungry children and one angry wife: “dinner is served.”

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%.

I bought 100,000 GSS.

Disclaimer: QE3 may be coming.

I am in great, barbaric danger of allowing my brain get in the way of making coin. It’s embedded in my head that the market will not be able to bail out Italy and Spain. However, equity prices tell a different story. Put the macro stuff aside, this is a buying opportunity. Pardon me while I vet out my feelings in real time.

My EDZ is higher and TZA is hardly down. My little GSVC made 5 acquisitions today, all well known private companies. Don’t look now, but GSVC is becoming the one stop shop for playing the private equity market, and the as an extension, the booming ipo market. Hypothetically, GSVC could double and still be considered a “value”, when considering their business model is unique to the equity markets and is without competition. Stocks like KKR and BX do what GSVC does, but much, much bigger. Hence, the upside is less. Naturally, there are two sides to the coin. Should the U.S. equity markets freeze up, the ipo market will shut down, alongside GSVC’s prospects.

I am still hanging onto MWW, if only by a thread. With the Italian 10 year near 6%, and $2 trillion in debt, I am having a hard time buying stocks here, despite the decent price action.

Do not be chagrined or surprised that the market is up or flat now, following -150 on the futures. “They” do not like it when stocks trade down. We’ve discussed this matter before and it is a fairly simple subject. The United States is the stock market. Without equity prices, we have a bunch of Mcdonald’s workers and Senator Gint.

Having said that, do not be lured into a false sense of security, for the European debt crisis is far from over. The only resolution available is the ECB buying Italian and Spanish debt, outright. But this is a very poor solution for the issue at hand: insolvency. Like I said before, “The Fly” is not playing the Italian game. I am not short the market, aside from a few TZA calls in my personal and EDZ stock, nor am I long.

Although I can see the market bouncing, due to the overzealous nature of the U.S. investor, I choose to sideline myself and eat oatmeal all day.

I will not bore myself to death in cash forever. Eventually, if this market refuses to drop, I will step in. I just want to see what happens this week, especially when the Italians go to auction on Thursday.

Can’t you fucking idiots see I am on fire? Don’t you understand that when I catch fire, I need to stay 100% focused on my energy and not be distracted by the scatter brained shit that you toss onto the table?

This is high level money management you are witnessing. Do not piss me the fuck off, else I will find you and I will have your legs punched the fuck off. You’ll be trading from a fucking wheel chair in no time at all. Let me catch your “wheely-ass” in the middle of an intersection and I will kick you into an 8 axle truck.

Having said that, I do appreciate your participation on some levels. Just don’t get carried away, like offering me advice of any sort. When I was a young boy, I never listened to anyone, not even my own mother. As an adult, I literally fume over the idea that someone of cabin class status dares suggest an idea to me, even in the most mildest of forms.

The market is going lower. That’s all you need to understand. Do not ask why or when it will get better. I fucking warned you that if we got hit with another load of bad economic data, we’d nosedive lower. Not only did we get that but now the cock-sucking meatball makers from Europe are about the throw pomodoro sauce all over the world, thanks to their fucked up finances.

There is no paper over for Italy and Spain. This is not Greece, but the beginning of the end for sovereign debt holders. I am going to play this with space alien magician precision, coming out of the other end a +25% winner, while your pathetically ill-prepared hedge fund managers blow the fuck up, Hiroshima style.

Wait and see.

Cheers. All the best.