Time to Fear the Fed Again; I Sold Out of Gold Today

I announced this earlier in the day inside Exodus. In spite of the fact that I like gold, in light of how insane central bankers have become, I sold out today because of Fed George’s comments. I know the Fed is bluffing, but public opinion can quickly move towards the “Fed is gonna hike rates soon” camp, which would result in harrowing pullbacks in already highly priced gold miners.

As such, I’ve decided to take profits on all of my gold and gold miners, booking an impressive 329 basis point gain for my portfolio.

Moving this into cash places me in an advantageous position to shift my focus elsewhere, which is exactly what I did today. Out of respect for members of Exodus, I’ll refrain from reporting my new position until I’m done buying it. My current cash position stands at around 63%. Granted, this is a very pussified way of trading. But by methodical application, using the algorithms of Exodus, I intend to demonstrate a market mastery not seen since the days of Commodore Vanderbilt.

Moving on into earnings season, I am expecting hazard. The divergence between WTI and SPY will not last, rest assured. Nevertheless, all of these horrible things have resulted in the market hitting record highs, so what does that tell you? Positively nothing. We are but a few twigs on a very large and tall tree, trying to avoid getting snapped in half by asshole squirrels.

NOTE: My TLT position will not be adjusted until after the U.S. yield curve inverts, currently about 30% of assets.