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Monthly Archives: June 2019

Nothing Is More Interesting Than Gold Right Now

Mon Jun 24, 2019 11:40am EST 4

If you’re not positioning into this melt-up — you’re playing yourself.

This breakout has been attempted for the past 7 years. If we jimmy higher back to record highs, gold miners will double from present value — in my opinion. You can dick around with tech, oil, or biotech — but nothing is more interesting than seeing the gold bugs released into the main population — creating mayhem and panic.

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Chicken or the Egg?

Mon Jun 24, 2019 9:39am EST 0

Is the weakening dollar causing gold to trade higher, or something more important? Is the inflation data, coupled with the specter of interest rate cuts and a stronger economy the lynchpin to all this shit? I’d argue until blue in the face the FX markets do not swing the price of gold; but at this point — what difference does it make?

It’s all part of the same puzzle — the game parlayed between friends and enemies that drives the prices of things we like and hate up and down. Gold has been flat for 7 years and now you think the dollar is affecting it?

Are you retarded?

The important part in all of this is gold is trading higher, the most undervalued and hated asset class in all the world. If you like gold, you’re denigrated in the public square as an insect — less than a human, and ridiculed for being a foolish investor.

Only wise investors buy dollar denominated stocks.

At any rate, I have a few gold positions on my books, equalling 10% of my holdings. I will like very much holding them and watching them during the morning session.

GOOD DAY.

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The Social Graces at House Fly Continue to Impress!

Sun Jun 23, 2019 1:53pm EST 10

The glamorous life at House Fly continues, dripping wonderfully into the summer sun like a moth into a hot flame.

After a full day of scrubbing and mopping, Le Fly exited his residence this morning in order to give license to a car filled of clowns to loiter inside of it with extreme circumspection. Upwards of 95% of these people are actually incapable or serious about buying homes — but rather find it amusing to tour homes and displace the occupants for the purposes of self-aggrandizement.

The issues with my large Mercedes truck continues, with malice.

The following have been diagnosed.

Timing chain
Busted gasket on centrifuge
Valve misfiring — spark plugs
Leaking coolant, oil
thumbnail CRACK on fucking windshield (NEW!)
brakes and rotors (NEW!)
Tires

Grande total to fix all of this shit is around $10k. No fucking problem.

My other car, after examination, has a FUCKING cracked windshield too. No idea how these things happen, but they do.

For the balance of this beautifully wonderful day, I shall remain caged inside of the manor, patiently awaiting another car filled with clowns to spill into my house and discuss its maladies. I’ve been informed that we mustn’t cavort outside today, in spite of the perfect weather, because we would, in fact, come back into the residence ‘smelling like horses.’ It’s important, I am told, to remain neutral smelling at all times — because the people inside of the clown cars prefer it that way.

To entertain myself, I might sit in front of the television and droll on for the next few hours, in true American spirit. I cannot, I am told, cook anything either, as it leaves a distinct non-neutral odor in the house, which clowns dislike. Ergo, I must nibble on grains and granola, maybe some nuts, in between my designated tasks.

As you bake your skin in the sun atop of flaming hot sand, Le Fly will be Ajaxing the floors and washing the walls — eating jelly sandwiches and drinking neutral flavored beverages in a neutral colored house, in a neutral fucking hell.

Good day.

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American-Iranian Row Has Oil Lovers Willingly Jumping into the Tar Pit

Sat Jun 22, 2019 11:31am EST 12

You’re gonna get painted by going long oil during the summer months. This isn’t the time to go long, believe me.

Here’s the seasonality data from Exodus for the oil majors. Notice how no one gives a fuck about oil this time of year?

Here’s the news that is likely to get those oil lovers to add to their positions on Monday. It’s a trap, god damn it.

U.S. special representative to Iran, Brian Hook, told CNBC on Saturday that the U.S. is going to increase sanctions on Iran.

“We are going to increase our sanctions on Iran and continue our foreign policy,” Hook told CNBC’s Hadley Gamble in Abu Dhabi on Saturday.

Hook said that a lot of pressure is needed in order to address Iran’s “regional aggression” and the a new foreign policy devised by the U.S. aims to bring Iran back to the negotiating table.

“When the President (Trump) got out of the Iran deal, we put a new foreign policy that does a couple of things. It is going to deny the regime the revenue that it needs to run a violent and expansionist foreign policy. But it is also designed to bring them back to the negotiating table,” Hook said.

How can I be certain? Because I remember the answers. Anyone recall getting lured into oil stocks during the Iraq war? Yeah, it was a whole lotta rhetoric, which resulted in a giant nothing-burger.

Here is the seasonality stats for XOM one month before the 2003 Iraq invasion and three months following.

XOM seasonality, Iraq invasion, coalition of the willing

Feb: -0.4%
March (WAR MONTH): +2.04%
April: -0.48%
May: +2.25%
June: -1.70%

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It’s Dangerous Out There — War is On the Horizon

Fri Jun 21, 2019 3:02pm EST 7

We might incinerate Iran over the weekend.

And now this just in from China.

Five more Chinese companies are banned from purchasing U.S.-made components.

The Commerce Department said these companies’s activities “pose a significant risk of being or becoming involved in activities contrary to the national security and foreign policy interests of the United States.”

Shares of U.S. semiconductors came under pressure after the announcement.

Semis are soft on this news. What to do? Figure it out you fucking brainlets.

I don’t have anything to do, other than watch over my slowly appreciating value stocks. They’re as interesting as a piece of cardboard, or maybe aluminum foil. But it’s SAFU and I need that in my life now, as I attempt to market my home and manage a website filled with degenerates.

I just spilt half a cup of coffee onto my white shirt. That was nice and refreshing.

This will be the final post of the day, as I am inclined to do anything but this. I just tossed a trade on for the weekend and I’ll sacrifice several goats tonight at the Druid Lodge to ensure the trade is a success. Other than that, I foresee a weekend filled with toil and grit and unhappiness at House Fly, grinding and dragging and slogging about sloppily into the summer. I’ve had better times before and I’m sure there will be better times ahead.

Until Monday lads, fuck off.

NOTE: I sold the following stocks to raise some cash.

DLTR +4.8%
ETR +3%
ED +2%
KMB +1.1%
DLR +4.3%

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A Friday Edition — Cocked and Loaded

Fri Jun 21, 2019 11:19am EST 4

I don’t feel like trading today, so leave me alone. Over the weekend, I’m sure to have several showings for the house and there will be people dragging mud into the house and touching shit, peeping around with curious beady eyes. Had I known selling this home would be so much of a fucking hassle, I would not have done so.

Stocks are screaming higher and I do not have a reason for it, other than the indelible notion that things in motion tend to stay in motion. This is physics 101 you morons.

I’m fully invested! I have a large portfolio of old man stocks — Tootsie Rolls and shit like that. I’m essentially impervious to market drawdowns. Nothing can stop me.

I’ve been playing the IPO market recently and have been pleased by the results. It’s more or less a black box theory, where value can be extracted from something because it’s an esoteric mystery.

“What’s it worth?”

“Not fucking idea, mate. It just came public.”

“Well then how about we buy some to see what happens?”

“Sure, sounds like a formidable plan.”

This will work until it stops working and then the trade will sour and do the opposite of what it once did. Maybe the hot money will move into value next — once people realize that low rates is good for them.

Speaking of rate — they’re heading higher today, by a full 7 bps to 2.07%.

Am I worried?

Nope, since I don’t care, I cannot be worried.

I doubt I’ll trade today, but you never can tell. I have a meeting in about 30mins and then after that — I’ll probably get around to scrubbing the floors with Ajax again, washing the toilets bowls, and getting ready to vacate the residence for a sojourn into the pit of New Jersey.

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Don’t Short Into the Perception of Inflationary Times

Thu Jun 20, 2019 3:02pm EST 8

Stock market 101.

Deflation is bad for stocks, inflation good.

Because the Fed is opting to inflate while markets and the economy are doing well, the perception is for rapid inflation, as seen in the TIPs, gold, dollar, and stock values.

As such, you cannot, even for a day, trade against this perception and think you could win. Stocks will and have remain irrational for longer than you can remain solvent.

Into the bell, I bought an IPO from today, which caters to this way of thinking, and I also bought a few Chinese burritos, a value play, and I booked a profit in UPWK.

Here are some of my recent trades — nothing is left out.

DRIP +28%
ROKU +2.5%
TVIX +5.7%
TZA +2%
FAZ +6%
TQQQ +4.5%
NUGT +21%
ROKU +6.4%
(DUST -2.9%)
AYX +5.4%
ZM +8.5%
PINS +9.5%
(PAGS -0.5%)
(SFIX -3.5%)
FAS +0.3%
(BE -3.1%)
LK +8.1%
CRWD +7.2%
SOLY +7.9%
NUGT +8.3%
SAIL +5.9%
CHWY -5.4%
ZS +2.4%
UPWK +2.6%

Trades are only posted in Exodus now, so sorry.

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The NY Fed Takes to Twitter for LGBTQ Purposes

Thu Jun 20, 2019 12:59pm EST 17

What the fuck is going on here? The NY Fed, the bastion of solidity in finance, felt it necessary to use their platform for LGBTQ awareness. Pray tell me, what the fuck for?

Here is the bizarre series of Tweets sent out by the NY Fed today. So tolerant.

We get it NY Fed — you’re all really gay and proud and you don’t have the balls to stand up to Trump and will soon be cutting interest rates with unemployment at 3.6% and markets at record highs.

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THIS JUST IN FROM THE PRESIDENT OF THE United States

Thu Jun 20, 2019 12:39pm EST 2

Take out your freemason aprons and take it all in — the Grandeur of the American empire and all of its trimmings.

This just in now from Trump, the President of the United States.

Agenda: WAR

INDEUD.

Also, in case you were thinking about selling short.

BUY VALUE, believe me.

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Market Lifts Off to Record Highs

Thu Jun 20, 2019 10:26am EST 6

I know it’s all so annoying how something overtly manipulated or even staged can exist and not be checked. But why bother getting frustrated over things you cannot control?

Markets have flexed to new record highs this morning, with oil and gold blowing full steam ahead — shorts getting twisted and mangled and dumped into sewer pipes.

What was that dip all about again? Oh yeah, China trade war. NEVER HAPPENED.

See pal, that’s what the market is and you’re nothing. Good Father? Fuck you — go home and play with your kids.

Incidentally, some of you are thinking about shorting stocks now. Why bother? I mean, really — why fucking bother?

The dollar is crashing lower again. Oil is up 5%. You simply cannot short the tape.

I sold ZS for +2.4%, another one of my overnight gambits.

As you were.

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