I emphatically believe the back and forth between a wholesale liquidation of the global financial system and not is setting up for one spectacular long-only trade. The news will come, as sure as I am sitting here, leading to a grotesquely ferocious rally. My gains, now currently at 5% YTD, will triple in one to two trading sessions. At that point, I will sell, never look back, and go on vacation until September.
The temptation will be there to keep playing, pressing bets into the slumbering summer heat. However, it will be a suckers bet. The resolution of Greece will only extend to Spain, then Italy, then Portugal etc. This all ends in massive losses. Before that occurs, however ironically, there will be massive gains to be had–most of which will be found in the precious metals space. My two favorites are EXK and AG, both trading 30% cheaper than where they should be trading.
There is an epic trade to be made and most of you are primarily looking for downside plays, ghastly beings that you are, sadly enough; you will be used as tinder for my summer fires. You’re all looking for overvalued social media stocks, distracted by the Facebook ipo and all of its grandiosity. Well, boy, let me tell you such a fool is easily separated from his coin, not so much different than snatching a gold necklace off the neck of a baby girl.
This is not a market call based on technicals, fundamentals or gut instinct. This is fact and should be treated as such. Sometime soon, you will look back on this post (link to it if you like), as one of the many scriptures that have been inked on iBankCoin, a living testament to what real trading is all about. It’s not about fear or greed, but conviction. Like my ancient ancestors, who lived and died by the sword, fighting battles, with axes and trebuchets, to protect or capture European castles in far away places–”The Fly” is here to defend what is right and just in the financial world.
The FAZmobile doesn’t have an adequate braking system and is heading towards a brick wall doing 225 miles per hour.