Gun makers RGR and SWHC are on fire, as well as cheap drug stocks, like WPI, TEVA and MYL.
What does that mean?
Nothing. Absolutely nothing, aside from the fact that people have done lost their minds.
Expanding on this trade, it might make sense going long BGFV or CAB, due to insatiable demand for guns and survival gear—LMAO. However, I would not recommend buying BGFV ahead of earnings, due out tomorrow.
North of $8.40, I sold out of 3/4th’s of my RGR position and put the proceeds to cash. Right now, I am comfortable being short oil stocks, while holding onto some SWHC. Everything else is an ass.
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Please give me lots of ammo with that gun
RGR is a beast
IRIDQ. I have used one of their sat phones in the field. Somebody’s buying it today.
shooting ranges will be the new golf course status symbol..if we could shoot at politicians that would be unbelievable…! my pick would be a Nancy Pelosi target
Just a note, RGR is close to hitting its 52 week high, and in this market, hitting a 52 week high says something.
SWHC was unfairly punished when it was sent below $5 the fact that it’s trading only $3.50 ahead of the coming qtr results is still screaming buy.
LOL about Pelosi.
Last night she reminded me of Whack-A-Mole jumping up and down.
The golf channel actually has a bug on the screen indicating when Tiger returns (tees off) today.
targets = Dennis Kneale, Larry Krudlow, Frank the gay meatball, Jim Cramer, the list goes on and on……
Fucker is taking off. Get ready to short. It’s got 300x normal volume WTF?
Short the euro too, drr.
IRIDQ is going all Tim Sykes right now
Yo, Schmiff and Wes is nuts
I’d hit this bid till it prints a 4 handle.
RGR is going bananas.
Holding the rest of my position.
New 52 week high pending.
500x normal volume now
HEY FLY,
HOW’S THAT BET AGAINS GOLD WORKING OUT?…you know you were my hero last year, but lately you suck
Biden says he will “drop kick” Obama into into a vat of Monster Energy drink:
http://news.yahoo.com/s/ap/biden_stimulus
Ron Paul is the only one on the committee that makes any sense. His inflation definition is spot on
Guns are strictly controlled in Australia. You need to have a permit, attend classes and demonstrate that you have a safe with spot checks from the cops possible.
No automatics or semi, no handguns.
they changed the law in 97 when this idiot killed 33 people in a tourist trap in Tasmania.
We hold the record, believe it or not.
DZZ bear flaggin’.
I may short it here, just for fooks and haw-haws.
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Gold is equal to a flaming barrel of garbage.
There may be no better explanation for today’s market trouble than the following paragraph:
ABC News WASHINGTON – Vice President Joe Biden said Wednesday that the Obama administration’s stimulus program is designed to “drop-kick” the economy out of its deep recession, declaring he is determined to ensure the $787 billion “gets out the door quickly and wisely.”
Holy fooks, Joe Fookin’ Biden in charge of nearly $800 bn in spending?
I’m not exaggerating when I say that’s staggering.
And frightening.
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J, was there a grandfather clause? If you owned a shit load of semi’s and AR15’s and hand guns before the law, what did the law state on the people who had them already?
Gold is equal to a flaming barrel of garbage.
That keeps your home warm in the winter and your frozen drink blender humming in the summer.
Forever.
_________
What will you do with your gold bricks when zombies approach your house, looking for brains?
I read somewhere recently that Obama will be pressured by the wingnuts to revoke the 2nd amendment.
Failing that, then the author of the article wondered if he would create a huge tax or extreme regulatory burden on handguns that will make them either prohibitively expensive or a regulatory pain in the ass to purchase.
If this is true, then the surge in demand may be as much about getting in front of increased taxes/regulation as it is about survivalists.
Hey Fly,
Was the SWHC pick from the ppt or was this a research buy?
What will you do with your gold bricks when zombies approach your house, looking for brains?
I will enroll them in multi-level marketing scams with me at the “top of their pyramid,” festoon them with useless “product” and send them on their way.
_______
Jake:
Actually, from what I am hearing, silver is a better bet than gold right now. Gold still has a long way to run, but silver must really rise from here to catch up to normal historic silver/gold ratios.
At the end of the world, who is going to be able to make change for a $975 coin??
Anyone have a opinion on GDX – gold miners?
Nope Artist, in fact you had to turn them in. They bought them at a nominal price and that was it. They destroyed them after that and turned them into scrap. This included older semis and automatics. The gun culture here was as big as the US for hunting.
They can get away with that shit here because there were no constitutional provisions.
What you do Outdoorsman is trade the one gold coin for 1000 silver coins, then trade the silver for goods……just like the good ol’ 1830’s
Krudlow doesn’t get it. Trickle down theory is not the current rage.
It’s Now Trickle Up Poverty (Obama’s thing)that is the new theory.
Out SMH for 1.5% gain. Done for the AM.
John:
PPT + balls play.
Artist:
Actually, it was more like 25 silver coins for one gold coin. My point being that right now the ratio is like 69 silver coins to one gold. Silver has to rise significantly to rise to historic ratios.
Cost to insure U.S. debt via the CDS market is hitting record levels, now around 100 bps – CNBC
Why are you fuckers always talking about how the fucking gold coins won’t be able to be used at the end of times?
It is a store of value until the next fiat system, (called the Amero), is put in place.
You have the internets and still can’t figure it out.
http://teslawasright.blogspot.com/search?q=amero
Thanks for the reply Fly- Been following you for at least 1 year now…I’m sure I will sign up for your service in about the next week. Thanks for the blog…
Gold is a thing of the past in terms of a currency backing. IT WILL NEVER be introduced again as a gold standard , gold exchange standard or any shit like that.
What we need is free banking and free currency issue with no central bank. Wanna set up a bank.. go ahead as it should be as easy as setting up a 711.
The market will then decide what the proper level of leverage will be especially when lender of last resort is removed.
My guess is that banks would operate with far less leverage. If people wanna sue gold as currency so be. My guess though is that currency would still be around.
oh and no freaking central bank that causes this.
This system would certainly remove the shit the Fed did which is maintain an easy interest rate policy.
How hard can it be to insure US debt?
Just call the Hartford or AIG.
Hey – setting up a 7-11 is no walking een dee park, believe you me
I didn’t know Benson was in Congress.
Cool.
Bought some BAC at 4.52.
Bought a little doll yen to add to my pos below 97.
The weakness of the Yen in Asia today was palpable. Palpable!!!!!
You could feel it through the screens. That drop in exports has fucked them really hard and the reality is that they never really cleaned up their fucking act from the 90’s. They really still have Zombie companies.
That place is seriously fucked and they will have to turn the shit around to raise domestic consumption. Trouble is that their demographics are catching up to them now.
They’re fucked and the only thing they can do is weaken the Yen. This shit is heading to 150 in 24 months.
Imagine the scenario the US wakes up in 2010 and they are still in a freaking recession and can’t get out.
Fly watch the Euro Yen cross as the Yen is actually weaker than the Euro at present. You may wanna swap over and ride the Japanese wave as they both fucked.
Gold miners are the undiscovered opportunity to play this fucked up economy…think about them…majors have no debt…millions of oz’s in the ground…production costs tanked with oil tanking…ave cost per oz delivered is about $400/oz…do you really think gold will ever drop anywhere close to that price? O and dont forget the chindians all wanting to trade worthless Tbills for trinkets to put thru their noses and penises…take a look at how miners did the last depression, Homestake soared about 1600% and they were’nt the only one.
Jeff:
You seem to be missing my point.
I collect Gold and Silver bricks to throw at Zombies just like Jake. However, right now I am selling my gold and buying silver and silver mining stocks.
Oh, and a little DNDN for the short squeeze we will get running into the final results of their Provenge prostate cancer vaccine due out shortly. No way their isn’t some covering due to the considerable possibility of approval.
That’s a pretty flag JakeGint…
Open question to the group:
I just spoke to the CFO of a company I have a material interest in. He knows my name because I’ve sent him flaming “how can you fuck up a call that bad” type emails, and I currently own about 50k shares of his company’s stock.
Perhaps I am reaching, but does the group have any thoughts on the following…
Can any correlation be made between a company’s timing of earnings and results? Let’s say this company usually gives a 30 day advance notice of the release. This time no announcement of a date.
During the call, the CFO was coy with me. He made it sound like they were compressing the earns release date, moving it forward with no notice, or planning some sort of pre-announcement.
Can I make any inference from this?
Thanks in advance,
NOOBER
Jake: Did you see my oil warning earlier 🙂
MACK
Yea, but they had a gold standard/exchange standard in those days which meant gold had a monetary element to it and the government bought it off you at the fixed price. It doesn’t any more other than the gold bugs who think there is a huge conspiracy to keep the price of gold down by central banks. It’s bullshit. IT was a good ride though and still will be, but don’t be under any illusions.
want to know why?
I was always betting the Chinese would buy gold in exchange for their reserves as they don’t want the US to fuck them and 1/2 the value over the next decade by inflating away their holdings.
Well they’re not, even though they have a small gold reserve compared to other big countries.
They’re buying mining companies that have real value long term like Rio which is distressed. They are spending 20 billion to buy into Rio,. They are also buying another two mining companies here. So all told they have spent 25 Billion in Australia over the last few weeks.
I will change my mind though if the Oz government doesn’t approve the deal.
They just wanna get out of dollars.
They may also buy US firms soon enough.
Fucking assholes buying XOM.
PPT my ass. Piggybacking Henry Fool and Phil from Brazil in the comments section.
DXO goverment going to buy some oil. Oil has to be at $60 a barrel for Obama’s plan to work. Omx looking good for a cheap long.
Fly,
How bout FRPT? While they don’t make guns…..they make transportation for people who love guns no doubt. I bet the PPT has a favorable rating as well….
Actually, from what I am hearing, silver is a better bet than gold right now. Gold still has a long way to run, but silver must really rise from here to catch up to normal historic silver/gold ratios.
Agreed. My silver to gold holdings ratio right now is about 2.5:1.
Whenever you hear me say gold, think — in the best Monty Python sense — “all holders of precious metals in general.”
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At the end of the world, who is going to be able to make change for a $975 coin??
You won’t make change, you will only use gold coins for purchasing other men’s wives and other such extravagences.
________
Anyone have a opinion on GDX – gold miners?
Besides “Accumulate with the avarice of an especially greedy dwarf from Moria?”
Miners are lagging the metals. Buy.
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