We’re Cutting Off Dicks Today

Yesterday’s sell off in silver, due to a rumor that the lunatic in Libya caught a headshot, was absurd. Fine stocks, like EXK, NGD and AG, sold off with reckless abandon. As I watched, in horror, from a fucking hotel that encourages children to smoke cigarettes inside non-smoking rooms, one thing came to mind: buy more.

I hear voices, all the time. I also see shadows, particularly near my favorite urinal. Incidentally, they smoke cigarettes too. I reckon they originated from North Carolina, as well. But that’s not the point.

At any rate, I informed you just yesterday of my “immediate” and irreconcilable victory to be. Well, here we are and the market is looking awfully pleasant this morning. If I didn’t know any better, coming from another galaxy and all, I’d surmise the market was prepared to cut off the dicks of those who bet against it. Yes, that would be the very first thought that would come to mind.

From ADBE to WFC to AG to OPEN back to APC: I am winning again.

For those of you who opted to sell short the market yesterday, clamoring for it to collapse: enjoy your dickless torso this weekend.

I am in a new hotel, one that does not promote prolific smoking of cigarettes in non smoking rooms. Looking over my silver stocks, they are dead and buried. Shares of AG, NGD and EXK have met their maker. However, all of my other shit is doing quite well. Hence: the dichotomy.

I just added to my AG position and I started a new one in OPEN about an hour ago. My BORN, FORM and CENX positions are doing swell, allowing for my losses to be muted. Also, APC and CLR are only down a smidge. The root and very foundation of my frustration is the sheer fact that I could have avoided losing any money today, had I been in the office, instead of this southern town of shit.

I want you to understand where I am coming from, for I will not repeat myself. I have no respect for money. I like money and make it a point to make a lot of it. However, I spit on it. Therefore, when I see losses, they do not bother me. As a matter of fact, they encourage me to do better.

I could have done better and should have known to not overweight oil,gold,silver into middle eastern falafel dances.

My personal account took another slap chop to the neck today, thanks in large part to AG. I’ve made arrangements to turn around my fortunes, in the immediate term.

Let me put it to you this way: I am in dumbfuck, USA, where disgusting creatures smoke cigarettes in their hotel rooms. Seeing that I may be homeless for the night, since I refuse to sleep in a room that stinks of cancer, I figured I’d take a gander at my stock portfolio.

Oh, lo and behold, that’s fucked too, as the oil, gold and silver complex melts the fuck down.

Pardon the interruption, but I have a hotel person to slap.

Be right back.

The deeper this correction gets, the greater chance of catching good old fashioned analyst upgrades, based upon valuation. For the most part, analysts are slaves (sorry AB) to their models and look at nothing else. So, as the world crumbles, stocks “look cheaper” to them, based upon their excel spreadsheets, forcing them to write fancy reports.

I need to be on a plane in about 3 hours, so this will be brief.

No one is going to want to be long over the weekend, with exception to oil, gold, silver. It’s okay to nibble, but not bite.

Hot money is being tossed into small cap oil. See The PPT screen I tossed up yesterday for details. All in all, I expect the market to shatter the dreams of many, while emboldening people like me to activate orbital space cannons. Due to my schedule, I will not have a chance to really have a look at the market until 2pm.

See you fuckers later.

Current

For most of you, especially those who work for a living, being in cash is the best option. I am at the turret all day, like some sort of paradiddle. I can easily sell a bunch of shit and pull retarded rabbits out of my magic hat. Most of you are simply too busy to partake in this gamble.

I’ve been able to skip getting slaughtered, thanks to my large positions in AG, NGD, APC and CLR. Some of my other stocks, like BZ, BORN and FORM, are bleeding out. But the losses are acceptable, since the majority of my holdings are in the right sectors. Late in the day, I bought CENX, strictly for a bounce play. However, if I was all dumb and shit, like you, I’d sideline my cash and wait for a better opportunity.

My year to date gains stand at about 5%. My personal aggressive account is down about 15%. However, that shit is so volatile, it could swing around 20% in a few days. Following last year’s 875% return, you’d think that I’d accept a small pullback. I cannot.

Bottom line: I’m not sure if we are on the “other side of the mountain,” or simply resting before going higher. Aside from gold, silver and oil, your best bet is to wait with cash.

I bought CENX, into the death of the monarchs.

[youtube:http://www.youtube.com/watch?v=pNeNTMmltyc 616 500]

Developing…

Okay, this is when the people with gray matter separate themselves from the imbecilic dart throwers. Now is not the time to randomly pick stocks, based upon your fucking charts. I piss on them. You need to recognize that oil can go a lot higher and that geo-political risk is inherently good for precious metals.

Here’s how to play it.

Hedge via any number of macro inverse ETF’s, like TZA, SKK, SRTY or SQQQ.

Get long gold/silver/oil ETF’s, like AGQ, GLD, USO or UCO.

In the event the metals implode too, hedge that with a little Hugh Hendry, via TLT or UUP.

If you believe we are in the verge of an epic homosexual opera, get long VIX, via VXX or TVIX (double madness).

Drilling down to specific names, I’d remove any overweight holdings that are not specific to the gold/silver/oil complex. That means Ag is OFF THE TABLE. See MOS.

When buying gold/silver/oil stocks, be sure to buy the ones that are responding to the crisis. Today, small cap oil is exploding, namely ROYL, PDO, FPP, BDCO and TGC. But those are gambles. Other, more established, names worth a look are: SA, APC, AG, EOG, CHK, CRK, PBR and CLR, just to name a few.

The name of the game, as always, is survival. Not to sound all melodramatic and shit, like those fuckers who say “and so it begins”: but you really need to stay on top of your holdings now, else miss out on the next inflection point. Always remember, fuckface, the key to outperformance and lots of digits in the checking, is minimizing losses while throwing trash on your neighbors lawn. Hopefully you are taking full advantage of the tools inside of The PPT right now.

The House of Saud is giving away $37 billion dollars to placate its citizens. What the fuck!? Is Ben Bernanke giving them advice or some shit? You don’t give away anything. Tyrants are supposed to order jets to drop bombs on protesters, not flower them with coin. This will not go over well in the middle east. They will view it as a sign of weakness and desperation. The plebs will curry to eat the King’s liver. I realize if the crisis ends, gold,silver and oil will take a hit. However, what if it escalates?

If you are short stocks, what if the crisis ends? You will get your dicks cut off is what will happen. I insist, with the stubbornness of 10 cement heads, being long gold, silver and oil is the way to play this bullshit. However, if your stocks are underperforming, sell them immediately. Get long stocks that are responding to this nonsense, sort of like how I swapped out of ATPG for CLR and AG yesterday.

The oil sector is much stronger today, as investors start to understand how stupid they were for selling yesterday. This is NOT about price of crude. This is about access to reserves. Should Saudi oil go offline, the world is fucked. Those in possession of oil will be “rich as fuck,” while the world burns. You need to get with this end game shit, else lose your house.

As for me, I will be monitoring the egregious events in the middle east, like an Israeli spy.

Top picks: APC, CLR, AG, EXK, NGD