Gold is Angling Here to Break Out

I’ll be brief.

Gold is in a six year Fag-Box. That’s a fact.

Since October of 2018, it has been trending higher — pausing — then trending higher again. We’ve been trading sideways for a few weeks now and I’m venturing to think we’re fixing to leg higher and get into the 1,325 to 1,340 region soon.

There’s some steam behind this move and no one is pricing in the gold miners for a bull market in gold.

Look at the price to sales valuation for gold in comparison to Basic Materials and how the premium has shrunk considerably. A bull market in gold would look like 2009-2010 at 6x sales.

Top gold picks: NUGT,  SAND and SBGL.

I am building a SHIT BASKET. Any questions? I told you when my house flooded the fuck out — a magnanimous gain was just around the bend. At first, I thought it was because I owned CYBR and that stock is up 20% today — but no. The Gods had much greater things in store.

Also, my ZUO and triple sized NUGT positions are taking off — but that wasn’t it either.

I came upon a small piece of shit company this morning and seized upon it immediately, with savage qualities. Ticker is FUV and I own it from low $4s.

The stock is now screaming for $7 and I’m up nearly 60% intra-day, with no intention of selling. Gentlemen of my stature do not sell for morsels of money. We require gobs of it in order to festoon our homes with luxuries — bangles and baubles — little fucking asshole trinkets that require zeal to purchase them.

Seeing markets poised to BTFO — did I recoil from the dangers of risk and raise cash? Quite the contrary. I dove into the cesspool of muck and reemerged with fistfuls of shit.

Here’s what I bought into the bell.

FCEL, PLUG, BE, CAAS, and SORL.

The theme is electricity and power generation. This is what Wall Street wants now and I am the weather vane on top of the great grande roof — forecasting great dick-suckings to come. You cannot stop the buying, nor can you ignore it. Everything you think you’re doing is secondary to what I am doing — zipping fast and with alacrity — poised and graceful — both violent and carrying a heavy heart made from steel — immune to the pangs of volatility — because I am volatility.

Good day.

WHOA — look at that — LOOK AT IT you fucking faggots.

Markets are jimmy-rigging higher.

I TOLD YOO.

CNBC is useless shit. Backward looking numbers are useless shit.

Onward.

Top picks: FUV, WATT, CYBR (long in quant) and a half dozen others.

You fucking morons. This is a perfect example of stupidity on the grande scale, fomenting itself into a cancer that hurts the overall body of people in NYC. I could argue until I’m blue in the face that having Amazon in NYC, with plans to create 25,000 jobs at a median salary of $150,000, is a good thing.

Alas, no good deed goes unpunished and New York FAGGOTS, always complaining about something, actually got Amazon to ditch its plans to build there. I haven’t the slightest idea what the fuck their problem was — but now it’s a moot point. Enjoy the barren wastelands of Long Island City — NY faggots.

BREAKING: Amazon will not build HQ2 in New York City – Reuters, citing company statement https://t.co/jn8limUSe7

— CNBC Now (@CNBCnow) February 14, 2019

“By saying no to Amazon, New York City is essentially saying ‘no’ to any company that would consider coming to the city to do business,” Benaim said. “If we, as a city, reject this deal, we will send the message that New York City is closed for business.

Benaim has been a resident of Long Island City since 2006 and calls himself an “ambassador” for the city.

“If the Amazon deal falls through, it not only effects Long Island City but also New York City as a whole,” Benaim said. “Other businesses won’t be attracted to the area because they will know NYC kicked out the biggest company and rejected the biggest economic impact in the history of the state.”

And that economic impact would be huge. According to John H. Banks, president of the Real Estate Board of New York, Amazon’s pullout would mean losing out on tax revenues, jobs and overall economic growth across all five boroughs.

“From generating tens of billions in new tax revenue, to creating good-paying jobs, to supporting the real estate market, to making our economy more resilient, this project is absolutely critical for New York,” Banks said. “It’s a once-in-a-generation opportunity to position our city and our economy for the future.”

Losing HQ2 would cost Long Island City and greater New York up to 40,000 jobs. Estimated revenues over the next 25 years from a local Amazon headquarters are estimated at $27.5 billion.

Greg Willett, chief economist for property management software firm RealPage, says the move would be more or less unprecedented.

“Turning down the creation of thousands of high-paying jobs is rare, if not completely unprecedented,” Willett said. “Cities generally chase those opportunities, evidenced by the hundreds of initial bids for Amazon HQ2. It’s not unusual for there to be some complaints about the magnitude of incentives offered in attracting big employers, but objections generally don’t come from within the staff of government officials.”

You have a tale of two cities in NY, with the elite comprising of the best society has to offer, both smart and industrious. Then you have the rest of NY, wastrels and malcontents — ordinary plebeian FUCKHEADS. Thank them for your loss, NYC.

My Twitter screed.

MIC DROP…LIKE A BOSS $AMZN pic.twitter.com/7rC4zd6PKg

— The_Real_Fly (@The_Real_Fly) February 14, 2019

VICTORY OVER BEZOS pic.twitter.com/P0UbtAR3tN

— The_Real_Fly (@The_Real_Fly) February 14, 2019

$AMZN CAUSES FAMILY SEPARATION — BECAUSE PEOPLE GO TO WORK THERE AND EARN A WAGE pic.twitter.com/FRJwKnUPJ3

— The_Real_Fly (@The_Real_Fly) February 14, 2019

WHO NEEDS 25,000 JOBS at $150k PER ANNUM? Not these FUCKERS pic.twitter.com/Lu9Yjed4yj

— The_Real_Fly (@The_Real_Fly) February 14, 2019

HOW ABOUT, NO? pic.twitter.com/OkH3S9QNoI

— The_Real_Fly (@The_Real_Fly) February 14, 2019

YOU WIN NYC pic.twitter.com/aPvH9J6hmg

— The_Real_Fly (@The_Real_Fly) February 14, 2019

CABRON pic.twitter.com/P2UlYigWxk

— The_Real_Fly (@The_Real_Fly) February 14, 2019

ENJOY YOUR TRAIN RIDE FUCKED FACES pic.twitter.com/MYx4AU9QQ6

— The_Real_Fly (@The_Real_Fly) February 14, 2019

I hope @JeffBezos is sending a dick pic to @NYCMayor now pic.twitter.com/vtFnSEhfQN

— The_Real_Fly (@The_Real_Fly) February 14, 2019

You fucking faggots. I stepped in this morning, based off the missives of a certain TGIR — who found us all SOLO in the $1s yesterday inside Exodus — now in the $5s.

There’s a craze surrounding electric cars now. I’m not interested in holding long term. These are just trades.

I bought FUV in the low $4s, WKHS below $1.10 and I will now wait for my fortune to increase.

As an aside, WATT is blasting off too.

Listen to me very closely. When markets jimmied higher the other day, based on the faux news of Trump avoiding a shut down, a small little company named AMKR posted results. I discussed this in detail in Capstone and I’ll share it with you now.

Amkor makes parts of the smartphone and auto industries, chips rather. They said, heading into 2019, the smartphone market, or at least their exposure to it, undertook a disastrous 30% drop in sales. This of course would mirror what the retail sales out today just communicated. Additionally, they said one of their auto clients was undergoing an inventory correction — which should last until the second half. Initially, the stock fell 9%, but then quickly recovered and traded sharply higher based on the following comments.

I’m paraphrasing here, so bear with me.

They said their IOS clients (Apple) foresee Q2 as being better than Q1 and the second half even better than the first. In other words, the worst is behind us, apparently. Isn’t that what we all wanted to know — the state of things at Apple?

Could they be wrong? Maybe. Perhaps Apple will update us in March and illuminate a grim picture for us. Or, maybe they’ll confirm what AMKR already told us.

One thing is for certain — markets had already priced in a bad Q4 for 2018, which is why the market melted down. Today’s revelation is old news and not indicative of future results.

Retail sales fell 1.2 percent in December, marking their biggest monthly drop since September 2009, according to The Commerce Department. The department also said retail sales fell 0.9 percent in December when excluding gasoline station sales.

“This number was terrible,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group, in a note. “The US consumer is holding the global economy on its shoulders. After seeing today’s data, we better hope it was a one month outlier and that the rebound in stocks in January and month to date will revive consumer spending.”

You might take note that I’ve been especially belligerent in my recent posts — truly cussing a lot and acting indecorous. This behavior, of course, is unbecoming of a gentleman and I’m prepared for the backlash, which is coming soon. But I’ve got to tell you, quite honestly, it doesn’t matter what you think. Your opinions are less than invalid. They run contrary to what truth is and are the 3x inverse XIV, triple lindy version, of authority.

Dollar-denominated exports for the month rose 9.1 percent from a year ago, according to Chinese customs data. China’s exports in January were expected to have contracted 3.2 percent from a year earlier, according to economists in a Reuters poll, compared with the previous month’s 4.4 percent decline.

January dollar-denominated imports, meanwhile, fell 1.5 percent on-year, which was far better than expectations of a 10 percent decline from a year earlier, according to the Reuters poll. Imports in December fell 7.6 percent from a year ago.

China’s overall trade surplus was $39.16 billion in January. That easily topped the $33.5 billion expected, according to the Reuters poll. That was still lower, though, than December’s trade surplus of $57.06 billion.

Well, well, well — look at that, LOOK AT IT — LOOK-AT-IT.

More gains coming. Get long some China plays.

I bought WATT and HABT, both sketchy companies with eye-raising business models. One produces tech that will permit you to WIRELESSLY charge your phone in a room. I imagine this technology to be very unhealthy for human skeletons and major organs — but we won’t know for sure until proper studies are made — 30 years hence.

The other purchase, HABT, is more traditional — a fever for shitty burgers and sloppy fries. Nice fucking candle today. Judging by previous moves, I’d say this fucking stocks, inevitably, trades up.

Over in Exodus, @TGIR fucking nailed this SOLO trade, and although I’m tempted to play it — I don’t want to soil his luck with my obvious downtrodden curse.

See you animals tomorrow.

I started off the day entreated to QLYS knifing lower by 14%. I booked that loss and then scurried about my day, to and fro. After I fro’d, I to’d some more.

Gold was REJECTED at 1320 and is now fishing lower. I envy those with the luxury of being a luddite, simply FANG banging and going about the course of their days, totally inept and without a stratagem.

Having said that, I am down in my trading account, up 35bps in my Quant account, and generally ribald in my opinions of all of you — caitiffs and malefactors — siphoning all that is good and intelligent from me without even a nod of the top hat. To think that I spend inordinate sums of my time blogging into the wind — an easterly wind that is both cold and venomous, is somewhat ridiculous and amazing. Twenty years ago, I had BIG ASS DREAMS (BAD) of being Gordon Gekko — kicking fuckers like Bud Fox out of my office for offering me dog shit stock ideas. I’d smoke cigars at the desk and take dielectic measurements of my blood pressure to save me a visit to the doctor, both efficient and cost effective. I’d have my head trader actively raping others in the open market and I’d commit to grave acts of hostile actions against any company that is vulnerable to my hegemony.

Instead of all that shit…here I am dicking away on the olde computer — trading amidst my enemies — having a grande olde fucking time.

What the fuck is Bill up to these days? He’s up to destroying the market and crushing every single faggot investment advisor, salty fuckers, who’ve been dragging him thru the mud the past decade: that’s what he’s up to, pal.

So what Bill has been dogged for the past decade — losing high key televised battles with the geriatric Icahn.

But now he’s back and even though +25% in a little more than a month might seem insane to some of you — like ‘how the fuck does a $10b fund move so much in a single month anyway?’ — SHUT THE FUCK UP — you needn’t concern yourselves with the games that big money fund managers play. Their sand box is their oyster and their oyster is their cocks.

Allegedly, Bill made most of his money in MDLZ, CMG and SBUX — but it doesn’t matter what he owns. The only thing that matters is +25% and your stupid fund is barely up and not domiciled in a beautiful self owned new building in Hell’s Kitchen.

Sure, Bill is probably still salty AF at his fellow hedge funders for the now infamous ill fated cycle drive to Montauk. But that shit is behind him now and he’s making power moves — pissing and shitting on the competition — making investment advisors with shit AUM feel like the pissants they truly are.

Now with Bill’s resurgence back into the winners circle, we should expect more media appearances, lectures, and wonderful high drama stakes to be announced — stocks to bet for and against — battles to be won. Gone are the days of getting balls roasted in Mexican protein shake companies or old lady department stores led by Apple leftovers.

This is 2019, a new era of gilded returns and decadent abundance.

Congratulations to William Albert Ackman on your success and I’m very sorry for having been forced by my ill tempered humor that caused me to make fun of you a few dozen times the past decade or so.