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
23,430 Blog Posts

August Will Shine

Today sucked. Everything reversed and the market looks like shit, with exception to one sector: gold.

Historically, gold crushes the month of August. I am talking double digit returns for names like GG and EGO. If interested in the total breakdown, chalk up some dough, you fucking cheap bastards, for Exodus. If your welfare check hasn’t arrived yet, have solace in knowing that Le Fly will position into gold for August. However, I will not chase it today, for it is cliche.

Each and every time the yellow metal shows signs of life, it reverses hard and punches the jaws of investors loose.

Until proven otherwise, gold is GUILTY until proven innocent.

I sold out from my VDSI position today for a cool and clean 25% drubbing. I would’ve never permitted that cocksucker to drop so far had it not been for earnings surprise sex. Alas, the earnings shortfall cut the dick off the stock for 23% in one session, so I had little recourse.

It was a bad week for me. I’ve been looking for places to allocate funds, but find myself stuck, stuck in shit, shoveling it good and plenty.

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9 comments

  1. halfbloodpope

    Cheer up and take the family up to Saratoga for the finest summer debauchery the northeast corridor has to offer.

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  2. teslawasright

    Perhaps Le Fly needs an unprecedented respite. May I suggest a road trip to New Orleans for some shucked oysters and bananas fostered french toast?

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  3. levrage

    EGO – more tangible evidence of Exodus’ worth.

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  4. din

    My spidey sense is tingling. Gold will properly fuck ya.

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  5. razorsedge

    if we get a big correction, then governments will print . we will have inflation…gold will rise. imho.

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  6. sloop

    So confused I have never had such a long string of losing trades. Its as if the market knows every move I make

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    • levrage

      This earnings season has been a real ball buster so far, on top of everything else.

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  7. ummwtf

    Test from iOS for encoding

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