iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,449 Blog Posts

SWEEP THE LEG!

Leg
With gains in my AG short eclipsing 13% and the stock recovering half of today’s losses, I am adding to my position through the short sale of an additional 10,000 shares.

God willing, all of the silver bulls will perish and a new age of fiat currency can run amok, side by side, with the internet nerds safely housed in Bitcoins.

The market is bouncing here and both gold and silver are coming off the lows, which is allowing for some breathing room to exist in the miners. However, I believe this to be a temporary phenomenon.

I have one more tranche of dollars set aside to short AG higher, if need be.

“The Fly” doesn’t offer safe haven or respite to his enemies, in this case silver longs. He sweeps the leg, Johnny, every single time.

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26 comments

  1. Trading_Nymph

    Itt is all up to the clams…BoJ IMHO will be a split vote and world won’t get QE Japan Style in a big way like it already has priced in. ECB will have Draghai saying “trust me, Italy, Cypress, etc is OK”, would be nice if they cut rates but German pressure won’t let them. BoE will be nohing out of them imho.

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  2. mark

    You appear to be sweeping the leg on CCL as we speak

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  3. Juice

    Senator Gint is starting to get pissed .. he may organize an LBO of AG for quadriple the current price!

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    • Dr Fly

      The good Senator tried to hit me with a crane kick. I had to sweep his leg.

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      • muktukchuck

        That sweeping the leg talk sounds a bit like sashaying in a martial arts sense.

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  4. Sierra Water

    This is a crack up.. Strong Dollar Policy? I can’t wait to see how that turns out in the ISM numbers in 3 months.

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  5. Juice

    Kim Jung Un threatens USA with nukes to juke market lower in order to reinvest his bar-mitzvah money at advantageous prices !

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  6. Mr. Partridge

    It’s a bear market you know… day 1 that is.
    Hey grow some fur and short something, will you people…
    Look at good Dr. killing silver and Bill.

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  7. kycal61

    Dr. Fly: just curious at what level you think precious metals might be good for a long, or is the bull dead for good?

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  8. Mr. Partridge

    TSX had a biggest drop in 9 moths and now negative for the year….

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  9. The Devil

    I don’t really exist…..I am a myth….carry on, that’s all. Why so serious?

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  10. STEVE GOFF

    I’ll sweep the “third” leg of any child you ask me too if you no’imsayin

    brb Fed vans just arrived at the casa

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  11. cheese

    12

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  12. surplusdroids

    JOHN KREESE:
    Fear does not exist in this dojo, does it?
    COBRA KAI:
    No, Sensei!

    JOHN KREESE:
    Pain does not exist in this dojo, does it?
    COBRA KAI:
    No, Sensei!

    JOHN KREESE:
    Prepare! What do we study here?
    COBRA KAI:
    The way of the fist, sir!

    JOHN KREESE:
    And what is that way?
    COBRA KAI:
    Strike first, strike hard, no mercy, sir!

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  13. JakeGint

    What a pussy.

    “Tranche” of dollars?

    Why not a “Megatranche?”

    C’mon… easy money!

    Use bitcoins if you must.

    ________-

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  14. Woodshedder

    Hmmm. Old school Flyseph. Obviously, by tranche, he means truck, as in “a whole dump ‘truck’ full of dollars.

    Jakey G- you do know he is playing short term her, no?

    Flyseph will win the battle. Jake, the war.

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  15. widespread panik
    widespread panik

    Starting to buy Silver Eagles as we speak for the first time since 2009. When an ounce of Silver can be bought in a LEGAL U.S. minted coin for under $30 per, its time to start dribbling them in. People just want to remind you that Silver hit $50 per ounce in 1980. If there is one underperforming asset class since the world of throttle body 185 hp shark Corvettes, silver is it. F the miners I will never buy another one again. Just buy and hold coins or trade the GLD/SLV crap.

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