A SEMINAL EVENT IS UPON US

I believe a seminal shift in investor sentiment is upon us, regarding the prodigious precious metals. You all know how I feel about gold, categorizing its owners as miscreant tenants of barbarism. Right now, however, I am long the barbarian. As a matter of fact, I am the barbarian. Would you care to see my hordes?

I cobbled together funds from three underperforming positions and crafted a decent sized one with CDE. It was a rather bold move, considering how overbought gold and silver both are. However, over a longer term time frame, these stocks are inexpensive. Imagine buying solar stocks at the beginning of its mammoth turn in 2011, like I did. Now imagine if you actually held those stocks and dream of the money you could’ve made.

Remember the SALT conference? Do you recall how bearish our fellow industry professionals were? These clowns are dying to get pessimistic. For them, positioning long gold is a proxy for hating on the market, without having to take on shorts. We all know who buys gold stocks: Tea Party people, anarchists, old men and sophisticated money managers who live in a world of phantasm.

This move in the miners seems legit. Volume is robust and there are numerous excuses to be long, even at extended levels.

I like CDE to $10.

My ytd losses have been reduced to 18%.

I started a sizable position in CDE.

My RUBI purchase is working wonders; but I’m bleeding out a little in some of my other positions. At the moment, my three largest holdings are TSL, SGEN and RUBI. I am tempted to cut a quick loss on one of my other positions to make room for something that is trending, which is obviously gold. Say what you want about the metal, it is working.

Actually, now that I am looking at it, there are two stocks that I might sell.

It is a delicate balancing act that I am partaking in and sometimes I get it wrong, like when I sold FANG at $70. The point is to keep going and never look back. Some deals are wins and others are miscommunications. There aren’t any losses because we’re not done making money.

That being said, I’m unsure as to whether the weakness in momo stocks is temporary or something that might persist over the next few days. Just remember the pain you felt when these stocks were heading lower and try to keep moving, if your brilliant ideas stop working.

We don’t have time to wait. These ideas have to work quickly.

Now that the market has firmed up, I am sure the sages at Goldman will speed up the Alibaba s-1 filing, introducing the alien troll, Jack Ma, to America’s dinner table.

When on Alibaba, you can buy all sort of meaningless crap, such as tape cassettes and “inorganic chemicals.” Hell, you can even buy used cars. I am sure this is where I will buy my son his first used car, through some chinese e-commerce website operated by some chinese alien spy named “Jack Ma.”

What could go wrong?

Nevertheless, it will be the world’s largest IPO ever, so you better get used to saying his name.

Slightly off topic, Markit is going to IPO soon, maybe even today (I haven’t checked). The ticker will be MRKT and they are major players in financial information, much like BBG. I will probably buy MRKT at some point in the not-so-distant future.

Futures are slightly higher and I’m surprised to hear the jackasses on the teevee still talk about the Fed raising rates. The Fed will never raise rates because that wouldn’t be beneficial to the ball-jugglers in Washington who enjoy bankrupting the country. There is debt to service and interest on said debt. It is my belief the government couldn’t care less about the 70 year old retiree, who can’t make ends meet because his CDs are paying less than 1%. The godly folks in Washington only care about themselves. It is in the best interest of politicians everywhere to keep interest rates at zero, in order to maintain the status quo and to spend the people’s money with reckless abandon, which in turn is good for stocks.

I’m a huge advocate for spending the people’s money with reckless abandon, as long as I make money too. It’s a zero sum game and I’m into ‘scorched earth’ as a general rule of thumb.

Then again, I’m a bit of a cynic.

NOTE: Don’t forget to acknowledge our Facebook page. I will be actively updating it, killing people, and generally partaking in unchecked debauchery on there.

With “Yayo Yellen” backing the market, I’ve decided to reenter the orgy of speculation, hosted at my olde harem. In this place of purpose, I’ve made and lost millions, hedonistically, without a care in the world. Truth be told, I have a rather humiliating admission to make.

Yes it’s true, I’ve been drinking Iced Vanilla Machiatos (sp?) from The Starbucks. Normally, I’d never delve into such delicacies, always preferring the blackest coffee humanly possible, without effeminate additives, such as sugar or cream. Proudly, I’d chew on coffee beans and suck down 8 ounces of French Pressed coffee. But now, I’ve gone astray, waiting on lines for some jerk to make me a beverage that’s as distinguished as a 40 ounce of St. Ides malted liquor. The shame, it’s almost too much to bear.

Now that I got that off my chest, I am happy to report my winning streak continues. One of my smaller holdings, but an olde favorite, IFON, took off today. I expect it to trade nothing less than $7, within the year.

Also, I sold out of my MET position, for a 4% profit, in order to buy RUBI. The Rubicon operates a solid business and its stock is trading absurdly cheap, still $2 below its IPO price. At a minimum, RUBI trades to $15, then probably higher, as risk, for lack of a better word, continues to beat the brains out of all the Rick Santellis of the world, much to their chagrin– indeud.

NOTE: We launched a new iBankCoin page for Facebook, one that I intend to keep updated in the most egregious way possible. Make sure to “like” it. For some reason, it makes me happy.

I swapped out of MET for RUBI.

Target: $15.50

I am going to do something unprecedented this morning. I am going to make a distinction between those of you I am going to kill and the one’s who will be spared. Most of the reading class on the site are good, honest, hard working American bus drivers, sanitation workers, pharmacists and/or lawyers. You go about your days, with your blue collars, scrounging around to make ends meet. You come here to iBankCoin to blow off some steam, glean from my genius, and generally ingratiate yourselves with the splendour and excellence that is iBankCoin.

Persons of regular cloth know and understand we all go through bouts of weakness, even I. Temporary lapses in judgement can lead to terrible, terrible things. But we must pick ourselves up from the dirt and make hay.

HOWEVER, there is a dark under-belly of the unseasonable variety lurking around these halls, like goblins trying to grab your feet in the dark as you attempt to sleep. Pests. These malcontents, misanthropic trulls, are the very worst of mankind. They have the souls of demons, parasitic fainteantise, clog-hopping here and there– for the explicit purposes of busting my balls.

If there is one thing that you can rely upon, being a hard-working, industrious, utility worker/IT services rep/ programmer, is that I will make it my duty to cleanse this site of all vagrant mountebanks. When coming to iBankCoin, understand something: this is my home. Behave as if you were just invited into someone’s home for dinner, and not some wild beast whose intentions are to fribble away aimlessly until you are tossed out on your head.

When it’s all said and done, you can never win, old chap, so quit while you’re still alive.

Futures are flat; but I’m sure today will be another fun filled day for short sellers.

You are all well aware of The Option Addict’s unparralleled skill during roaring bull markets. I’ve never seen anything like it, quite frankly. ChessnWine has established himself as a man who knows when to play his cards and when to fold them, as evidenced by his avoidance of any drawdown–whatsoever–when most were taking line drives to the scrotum about a month ago.

But Ragin Cajun has been killing it since the site launched, back in 2007–almost unnoticed. He’s very quiet, almost mouse-like, going about his business of picking supreme winners whilst bench pressing 400 pounds of iron (he owns two gyms). There is something to be said about a person who dedicates his/her life towards the betterment of their body. I find these people to be motivated, disciplined, and most of the time successful.

Have a look at the recent winners by Ragin Cajun inside of the confines of 12631.

If any of you are on the fence about joining 12631, pay attention to the graphic I just posted above. As industry professionals, it’s imperative that you invest in your research to help buttress your sales, otherwise clients will simply leave–head on over to Bill “Montauk” Ackman’s joint. This is not to say that The PPT (investment tools), After Hours with Option Addict (After Hour’s trading wrap up) and 12631 (real time trading room) aren’t suited for the everyday Joe, desperately seeking to make enough money to take his family to the local Red Lobster. However, I can only relate to those who wear the same shoes that I am wearing and you’d be remiss to not tap into the wealth of information and industry experience that is being shared on a daily basis– within our private halls.

With today’s move higher, my losses are now under 20% for the year, up 17% over the past 6 weeks. I am very outsized TSL and have made sacrifices to the olde gods and the new, so I am not concerned with the future of my endeavor here. I treat each and every purchase as a “deal”, different from how I’d treat trades or investments. Some stocks are designed to be held long term, like MET, ACE and GSK. But everything else is simply temporary, purchased with the sole purpose to further my comeback.

Once I made back all of my losses, I intend to kill a great many of you, some shot through my trebuchet, others skinned alive and catapulted off castle walls.

The markets are good from here until mid-July. After the dip, we will buy it up until late August, when we will go to cash, seeking refuge in government bonds.

Until then, happy hunting!

NOTE: How’d you like my ECYT purchase?

https://www.youtube.com/watch?v=NRWVxiXOMbc

So many of you small men were fixated on my losses a few weeks ago. You spent inordinate amounts of time trying to figure me out. I will keep this very simply and clean for the lot of you to understand:

“The Fly” wins all the time, especially when it appears he blew his arms and legs off for good.

Control yourselves and please withhold the applause for later. I have work to do, all pertaining to the art of a comeback.

Top picks: TSL, ANGI, MET, DRNA