I increased my TLT position to 15% of my trading account and bought some NUGT, to go along with my miner positions in KL, AU, and WPM.
Very simply put: there is nothing remotely interesting about playing the long side here. The easy money has been made short — but I suspect asset allocators are going to be looking for safe haven now, especially since old man stocks are selling off too. This bodes especially terrific for gold, which is now the defacto safe haven currency with bitcoin in shambles.
The Dow is down a lot more than the Nasdaq today — because there is strength in many software names, especially SAAS. I’d advise you to take it with a grain of salt and use any strength to raise cash.
My cash is now 60%.
NOTE: Starting tomorrow, my Capstone Programme begins. What this means for readers, frankly, is a little less Fly. I will be posting in Exodus when time permits and then here on the grifter blog. If you require more of Le Fly, sign up to Exodus or Capstone — you damned misers.
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Has fly actually gone back to trading? I stopped following this blog about 2 years ago when it became 90% retarded politic posts.
Banned!
You never leave Dr Fly! Sign up for his new service: https://capstone.ibankcoin.com/account/membership-checkout/?level=2
None of this answers my question. I seriously want to know if it is all clear to follow this site again. I can’t be wasting my time on nonsense.
Damn son, 3k/year. He must be milking you guys like a cow farmer.
Sia
Gave up politics more than a year ago. NEVER AGAIN
Too Right!, Left and Center.
Piggies and children board first.
So they can eat the piggies just in case.