Remember the debt ceiling debate? Well, the republicans are mad and they’re not gonna take it anymore. They view the Obama administration as disdainful to the office of the President and are fixin’ to shut this government the hell down, in order to prevent the damned Chinese from lending us anymore of their dirty money.
Gods, guns and grits: that’s what we’re looking forward to in the weeks and months ahead. Mix in a little gold standard request, and we might have ourselves a good olde fashioned government shut down.
Today’s action is decidedly negative and anti-climatic. Like I said yesterday, dark clouds are massing in the not-so-distant future. There are men, behind every corner, trying to castrate you. Do not let them grab a hold you, for you will regret it for as long as you live.
Raise a little cash.
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Fly you are fuckin killing it this year, nice post fully agree
however dont forget my PNRA short call at 175, looking right on
Not sure about shorting food in America. Fucking gluttons over here.
I fully expect a market sell off. It rarely, if ever, disobeys you. Seriously.
also i think gold is in bear market and countervailing forces arent necessarily enough to break the trend
Your only hope with gold is a full on assault on Syria and subsequent world war with Russia.
Obama is too much of a pussy not happening, short the dollar though and not because of the fed, because america is full of bitches
no, gold should do well in a money printing environment.
gold is going to 1000 and miners are going bankrupt
probably have to double my gold position, if you say that.
Is this to say you are looking to raise cash, The Fly?
Yes
doing some pruning today. trimming off flat stuff, and writing covered calls on dividend stocks like intel. hate abandoning them.
Is it time to unload GOGO?
I think it goes to $20, so no.
peg gold at $10,000/oz. That’ll show ’em.
I hate to be partisan …but, I told ya so.
There isn’t a good actor in all of this.
Fly, your comment yesterday about no one every lost money taking profit. Really hit home. Thank you.
There’s a lot of froth in a few of the leaders, and they can stand to pull back a bit. YHOO being a tech leader bothers me since they’re still largely unprofitable – MOAR PULL BACK. Give me GoGo back at 12.
I will say this though – the consumer investor is coming off the side lines to “not miss out” right now and that we should all be afraid of. GoGo may be the indicator of that.
To hell with raising the debt ceiling. Why have a debt ceiling if you have to raise it perfunctorily? It’s the only way to get the Fed to shut down their printing presses and currency digitizers. And maybe get spending under control.
Politics…
1)Showbiz for ugly people
2)Poly root word meaning many, tics from…. You know those little critters that get under your skin?
3)the act of the poli (short for polygamous cheating liars) ticking you off.