Naturally, the meeting resulted in a bunch of nothingness. Hollande wants eurobonds to finance future growth projects and Merkel, the German bitch, said nein. I am so sick of hearing the word “GREXIT”. It’s a fucking smug thing to say and reeks of schadenfreude. If you find pleasure in seeing the pain of others, you are undoubtedly without top hat. I’m no longer interested in problems; but keenly looking for solutions.
Post summit, futures are barely changed and Asia is flat. This is very encouraging. Make no mistake, today’s reversal was epic in nature and could lead to a string of up days. On the flavour of delicious caspian tiger entrees, God knows I need it.
Into an upswing, I am zoned in on silver. According to The PPT, both EXK and AG correlate best to an oversold market. Hence, I am long in size. However, they are just trades and I will kick them out for 10% gains whenever they reach desired levels.
Also, the dollar is flagging OB, always an accurate flag by the 12 mo algorithm.
What goes up when the dollar comes down?
Answer: everything.
Hypothetically, let’s say the record amount of dodo birds shorting the euro get caught flat-footed in a bull stampede, based upon a surprise Chinese rate cut or some rumors of euro-bonds, how do you think commodity related stocks will respond to a 5% move higher in the euro?
Answer: they will rip the fucking faces off everyone who is balls to the wall short.
Please humor me and have a look at some commodity related stocks, that have been bashed to pieces over the past month–with industry leading ROE ratios.
On the ankles of Achilles, I will accumulate monstrous positions in one or two of those names, providing the rally gets legs. I intend to swap out of my precious metals, the rest of my old man stocks and liquidate one or two tech names to buy the blood. Not only will I buy the blood, I will drink and bathe in it. I will congeal it to be used as candles inside of my fucking castle.
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