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
23,474 Blog Posts

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Sorry to upend Ragin Cajun’s plea to follow the path of Gint, but I cannot agree.

Gold and silver are in dreadful bear markets. More than that, the general indices are plunging. This is not the time for idle speculation or half measures. If you haven’t secured your own destiny by now, someone is in the process of doing it for you.

Markets are in turmoil. Are you prepared? Did you take the necessary steps to avoid giving back your ill-gotten gains?

They were ill-gotten because they were never yours to keep. As you can see, the market is taking them back now, neutralizing the dumb money, as it has done for centuries. This is the clawback that I warned you about. Don’t worry. It will not last forever and we will make a fortune buying the margin calls of others.

Be patient and eat plenty of sandwiches.

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6 comments

  1. charlie

    Embrace that cognitive dissonance and load up the truck with AG, plutonium petey.

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  2. Munch

    Do not worry, this is Niger than we think it is … Behold

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  3. Whaler31

    PPT has run out of mojo.

    Wow, that Dow -300 prediction I made, was a freaking spot-on.

    It’s only Wednesday, either we wipe -1000 points, or we recover with a vengeance, which one do you bet on?

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  4. dominator

    excellent idea–yes–roast pork with broccoli rabe and long hots sangwiches

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  5. It Is Showtime
    It Is Showtime

    AUY for the hedge. Hedge Only

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  6. Not the worst idea
    Not the worst idea

    Capital is exiting stocks and bonds. It has to be deployed somewhere. Real estate is already well off the bottom. So maybe some money goes into select commodities.

    Mr Cajun is risking maybe 20 cents for 60 cents (at least) of upside. Not the worst idea I’ve seen.

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