The Gold is Mine, All Mine

[youtube:http://www.youtube.com/watch?v=-fU6VLVbA2A 616 500]

The market is not well. Technology stocks are in the pits and people somewhat apprehensive about the cohesiveness of our government. Because of these headwinds, AND MORE, I’ve opted to sit on the sidelines, for the most part. Even so, I’ve taken the liberties to steal treasure from the hands of JAKEGINT, in an effort to “out-gold” him. Thus far, my largest gold positions are GSS and GORO. It’s worth noting, the great Senator from Kentucky has vast fortunes tied up in the yellow metal, as well as silver. He’s been Mr. Robotico for as long as I know him, delving into miners for sport.

ALL GOOD THINGS MUST COME TO AN END.

Starting several days ago, the iBC Construction and Demolitions Company (IBCCADC) started burrowing tunnels from my residence to his. Granted, we are talking about 650+ miles of tunneling. However, the job must be done. Upon completion, we will empty his stores and transfer it via underground railways to my garage.

Having said that, I am about to venture off for the day, at the urgent requests of a Mrs. Fly. It appears there is something of great urgency plaguing her, which can be remedied at the local shopping centre [sic]. To be honest, as opposed to flat out lying to you, I have nothing better to do. I am 70% cash, long GSVC, GORO, GSS, ANR, as well as a few others, and that’s it. I intend, if I might be so bold, to purchase your margin liquidations.

Should the market dive to 12,000, I will get aggressive. Until then, “The Fly” is all about burrowing tunnels, playing defense and spending money and stupid shit at the fucking mall.

NOTE: If you are not reading The Analyst Bomber by now, you are doing yourself a great disservice. One of my favorite reads anywhere. Sharp as a tack.

I bought 30,000 GORO and added to my burgeoning GSVC position.

Disclaimer: If you buy the above stocks because of this post, gold will be considered money and drop by 50%. And, you may lose “money.”

So we didn’t plunge today, as predicted the roaming bands of Twitter ghouls last night. And, we are not soaring, despite the robust open. We are just sort of “meh’ing” our way through the session. If I might suggest, this is a perfect market to be in cash.

Nevertheless, I do have a very large amount of cash to put to work, perhaps a bit too much. I will be buying one stock today, in decent size, with the great hopes of seeing it sprint higher shortly thereafter. As told before, I do not have an appetite for anything but gold. In the words of Barack Obama, let me be clear: I’ve taken the gold from the hands of Senator Gint and called it my own.

In short, I am not liking the market here, nor am I hating it. This is not the tape for me, so I will wait around for things to get better.

You just know Congress will not come to terms on a debt ceiling deal. All of the bureaucracy, all of the red tape, all the dissent will come home to roost with this topic: government versus private.

On one hand, the dems believe it is their God given right to spend America into insolvency, providing union leaders get warrants on the “new America.” On the other, the GOP wants whatever the fuck their corporate sponsors ask them for, in order to “help businesses.” Well, they’ve helped business export the fuck out of here, rather nicely, over the past 10 years. Let’s not forget, it was the dicksuckers under Bush who really transformed the entire country into Detroit.

Stuck in the middle are the many, you and I. Because we’ve been taught to be civil and to obey authority, we let them squabble as the nation burns. We let them take away our guns, in order to stop those crazy guns from killing people. The liberties this country was founded on have been trampled, in hundreds of different ways, all for the sake of “safety.”

The debt ceiling topic is yet another “safety” issue, where Obama and co. just want to kick the can down the fucking road, in order to let Mitt Romney deal with this shit. Let me tell you something right now, I am fed up and want the US to default. Fuck it. They are so God damned stupid and incompetent, they deserve to oversee this nation crumble like a coffee cake, all thanks to ineptitude. They are the lowest of the low, the dumbest of the dumb, wearing the largest asshats in all of the lands in America—combined.

Everyone is so concerned about Greece, Ireland, Portugal or Italy failing. I say we give the world something they’ve never imagined or seen before: a $15 trillion default on all obligations, while spinning Budweiser, umm I mean Inbev, beer cans on our middle fingers, saying “a fuck-a you.”

I’ll be fielding questions tonight on Stocktwits, from 11:30-midnight, under the $FLY stream. Be there, or be considered to be a belligerent homosexual.

Wow, how absurd. After giving into market forces, selling out of my TZA/EDZ, the market went straight the fuck down. I’m not really mad, since it is expected. After all, nothing has changed but the date and our Congress is still littered with people like Maxine Waters. Having said that, I need to respect the hybrid and assume we will trick higher, by hook or crook, until we over heat. Nevertheless, I am not playing this market with any real coin.

At the moment, I am 75% cash, following my ANR purchase. I see GSVC reversed and is now eating pavement. This is to be expected with small float, high risk, equities. No pain, no gain.

My largest personal is GORO. For managed accounts, my top three are GSVC, GSS and ANR. However, keep in mind, they are all really small in the big scheme of things. I probably won’t fully commit to this market until we get a large sell off. I am very much interested in another “flash crash” of sorts. Bond yields in Europe are so high, save Germany. And, Greek debt will need to be dealt with again in September. Can you say “seasonal crash?”

I started a new position in ANR.

Disclaimer: If you buy ANR because of this post, Maxine Waters will become President. And, you may lose money.

I think it’s safe to say the OVERSOLD flags in The PPT worked again. Therefore, I will discuss my current strategy.

As you know, I opted to sideline myself, mainly due to my aversion to risk. However, The PPT nailed the OVERSOLD range to the day, yet again. With that in mind, it is safe to assume, judging from past oversold cycles, we are heading back to OVERBOUGHT. If so, all of my TZA calls and EDZ shares will depreciate. Therefore, I closed out of those positions and now find myself long only.

Greece just caught another downgrade by Fitch. Big fucking deal. I think it’s fair to say, investors couldn’t care less about credit risk or debt ceilings. I have one stock on my buy list, which will be bought shortly. However, I am most likely to remain at least 75% cash until some of these credit issues are resolved.

NOTE: I will revisit my TZA calls when PPT flags OVERBOUGHT.

Rep. Al Green, Texas

“Would you kindly stop buying silver? It’s making me nervous.”

Kind Regards,

Fucking Werewolf

As you were.

I bought GORO and GSVC.

NOTE: I sold out of my MWW position. Cash stands at 82.5%—retard style.