Rare Photo of Mr. Bilderberg’s Dog, Barbarossa!
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I’ve cut back once again to about a 25% position in my silver and gold positions. This is merely a precaution, as the clouds looming seem ready to ram us down the throat of an all encompassing Deflationary Fat Man.
I also want to have some cash on hand for anticipated lower prices, especially in the miners. We’ve been down this road enough times in the past ten years to see some of our favorite names go to “poleaxe pricing” — that state of irrational selling likened to a shareholder being bashed hard enough on his melon that all opposable thumb functions disappear, and share certificates cascade to the floor willy nilly. We want to be there to pick those newly discarded certificates so as to be better able to offer them back to aforesaid bashees at prices significantly premium to their current ones.
I also added more TZA and SKF yesterday, and — in the spirit of true deflationism — added almost as large a position in the oil double neg, ERY. I am now pretty massively short, on a dollar basis and on a “relative dollar” basis, especially, as all of these positions are leveraged shorts (either 2x or 3x short ETF’s).
I will likely maintain the SKF as I have been, and leave it largely alone. With the TZA and ERY I will probably be more opportunistic, trading in and out as warranted.
Any changes in this philosophy — and I may change radically tomorrow, such is the nature of a volatile bear market — I will communicate immediately, although actual trades will be announced in The PPT first. I don’t pound the drum on that valuable service enough, but now is a very crucial time to be participating, not only for what the “better than the average bear” traders are saying in there, but for what they are NOT saying as well.
Best to you all.
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Well done, dr. Goldfinger.
I go into the maw 25% long and unhedged and away from my turret.
As always, Jake, thanks for the steady guidance and Kentucky Pimp Hand.
Brilliant wordsmithing. Nice Tranny doggy also.
Hold your tongue, or it will be removed.
Before you is the King of Dogs! Nothing but the best– loyal, intelligent and hypoallergenic — for Mr. Bilderberg!
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Frederick is rolling in his grave!
He is saluting in appreciation!
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Is that the French army’s mascot?
I look forward to your forthcoming signals on the shiny metals. Have been a bit of a PM voyeur to date, only dabbling in small amounts, so I will be paying as much attention as my ADD allows.
I think cutting back silver in the short term was a good move. We are still in a congestion zone, seems to me like its just getting ready to fucking explode.
In other news…I FUCKING CANT DO ANYTHING RIGHT TODAY…I THOUGHT THIS GAP UP CLOSE DOWN, AND GAP DOWN CLOSE UP SHIT WAS FUCKING FINISHED…GUESS NOT..
Shorting amzn 219 if I get stopped out again Im gonna shit my pants.
SHIT MY PANTS….FFS
Ya gotta give yourself a little bit more room on the stop than that.
IMO, the short is at $222.25 or so… down to 215, then 195.
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I’m about ready to get up and go workout or something…Today just isn’t my day at all.
I find that erging is quite cathartic, not to mention a great whole body workout.
I just got one of these recently, and I’m loving it.
Lots of games you can play on the screen w. regard to endurance, speed, caloric burn, heart monitoring, etc.
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That looks like a great workout. I actually have something similar on my universal machine at home.
Yes, but how does it compare to the “ghetto workout”?
From CNBC today:
“With the crowded Republican presidential field still without a definitive front-runner, New Jersey Gov. Chris Christie reportedly is seriously considering entering the race.”
So tired of the will he or won’t he…
Anybody but Obama is my mantra but I’m not sure this dude is the answer. The establishment loves him but I figure him to be just another typical RINO. He will disappoint conservatives.
He will be a game changer. To the point that if he enters I wouldn’t be surprised to see Obama step aside. Unless he tanks in debates or has no clue about foreign policy or something he would win in a landslide. The left may have to counter with Hilary, the only *surprisingly* non-toxic weapon they have in their arsenal. Unlikely scenario but it wouldn’t surprise me, nor would I care.
They are all statists, big-government adherents. Big government solution providers.
Until elected officials dismantles the empire, obliterates the IRS, dissolves the police state, reduces regulations and somehow bends the curve back to a “maker” mentality from a “taker” mentality, this country is screwed.
This country is screwed.
Mason, you need to go for a walk in the park. Get some fresh air. A change of scenery. You are one depressing dude.
Not the first bullet I’ve taken as messenger.
BETTER STOCK UP ON GUNS, FOOD AND SILVER.(GOLD ONLY IF YOU ARE A SUPREME GENTLEMAN)
that’s the spirit.
South of M-D: Don’t know if Christie will run or not, I suspect he won’t. Although he’s had a few missteps, he is sharp and very quick on his feet in debates, better than most of the current candidates. I believe that comes from a combination of intelligence and knowing in advance exactly where you stand, without worrying about what the party line is. He doesn’t pussyfoot around or take crap from anyone.
NJ resident since 1980.
His global warming thing is going to bite him on his considerable tuchus.
Warmism is code-speak for statism in the conservative base.
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Saturday thoughts on a Canuckistani Republican:
http://fullcomment.nationalpost.com/2011/10/01/the-lonely-battle-of-david-frum/
Sunday thoughts by said Republican;
http://fullcomment.nationalpost.com/2011/10/02/david-frum-facing-up-to-america%E2%80%99s-problems/
Muk — I am saying this to you seriously. There probably isn’t a more self-important, foolish asshat in this entire country as David Frum.
I would say that he is evil, but he’s so self-unaware that that’s probably unfair.
The closest approximate I could think of is that other oaf — Al Gore.
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He does make me pine for the days of the Congressional Club of America = Carter Wren and Tom Ellis. Back then it seemed to be about better ideas — or maybe “the older I get, the better it was”.
He is a statist. The worst kind of “Republican” — i.e., one who does not trust the voters or the markets.
How that differs from the typical Dem you are going to have to explain to me.
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CCofA were at one time the most powerful PAC in America. They put Regan on the ticket, and were the primary force in shifting the Southern Democrats to the GOP. (not trying to give a history lesson, but I had the good fortune of knowing and working with some of the main guys during my brief stay in NC).
I don’t consider Frum’s political views as much as his views on what it takes to get elected. I think there is a distinction.
From my distant perspective, I’m left wondering if the current right wing of the GOP are electable and if not, does that put the Dems in the WH for another term. A second term could see significantly different hardened positions coming from the WH. IMHO.
A second term would be a full out disaster.
Frum wants a RINO candidate, like Romney. We just lost by 7% points becuase we ran an unexciting RINO last time.
We need another Reagan proxy… I can assure you that Frum has no interest in a Reagan proxy.
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As much as inflation sucks, deflation scares the shit out of everyone and for good reason.
You should expect some type of inflationary move from the Fed soon enough.
Agreud.
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If a little bit of inflation is okay, logically speaking, so too should a little bit of deflation! In fact periods with gradual price declines have been some of the most prosperous!
I do agree the Fed will continue to peruse inflationary policy and eventually all the “holes” will be filled and prices will skyrocket which is why I am a gold/silver bug!
JG-
I know we shouldn’t be buying anything here but the “stock of the next decade”, XG, has taken a severe Howard Beach-lead-pipe-style beating recently and looks like something on the bargain rack at Filene’s, no?
Looks like $5 is some pretty decent support.
That drop is crazy.
With no news, either.
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Jeeezzzzusss…I pulled up XG, and thought I typed NFLX by mistake. Did the companies mines get taken over by aliens or something?
Not all haircuts are worn with style and grace…
http://2.bp.blogspot.com/_PlfHMQr48Mg/TMXpniWM_sI/AAAAAAAAAN4/SL7Q7ZXTrmk/s1600/shaved-cat-1.jpg
What a stupid looking dog.
Asian markets tanking! Black Monday here we come! muahahahah!(evil laugh)
If a predict black days enough…One day I’ll be right!
From the homepage of CNBC:
“Think This Is a Bad Economy? ‘You Haven’t Seen Anything’
Market pessimism is reaching a fever pitch, fueled by increasing belief that global policymakers either are powerless or inept when it comes to controlling headwinds confronting the economy.”
Well…duh.
What, the Kenseyian bullshitters are “powerless?” Say it ain’t so, John. Every leader of the West believes in you man. Krugman says spend more and spend more we shall! We are just another few trillion from economic tribulation!! Oil the printing machines. Stocks are falling. We are deflating like a leaky silicon chest sack! YTD is negative. We voted for Obama. They can fix it. More regulations. More EPA. Take more. Tax more. We can fix this! This is the United Socialist States of America. No one loses. Everyone wins!
It’s effing amazing that it took the press and various business and economic shitheads this long to realize that we have people in charge that could not, cannot, manage or fix a door knob.
You said global policymakers either are powerless or inept. You picked the wrong one in your analysis.
Sarcasm man.
Mr. Gint- Uncle Fly told us to come over to your side and to measure our WNR. The only question I have is do I use the inches or the centimeters on the ruler?
P.S. Don’t tell my Dad.
Cubits only. Ask Dad what those are.
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yeah steve, alos covered lm near highs fuck
nice call MGM
That would be Mr. Cain Thaler who was short MGM.
I was short everything else, lol!
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