Nigel Farage Quits as Head of UKIP

He appears to be burned out, unable to continue the fight necessary to further vanquish his enemies. We all suffer from fatigue, every so often. Farage feel he’s going out on a high note and wants his life back.

“I now feel that I’ve done my bit, that I couldn’t possibly achieve more,” Farage told reporters in London on Monday. “It’s right that I should now stand aside as leader. What I said during the referendum campaign is I want my country back. What I’m saying today is I want my life back. And it begins right now.”

Someone should tell him “his life” was meant to be in public service, as Prime Minister of Great Britain. As these tools clown around, denigrating his country, Farage will enjoy a life of chain smoking cigarettes in the back of a pub.

Ridiculous.

Entrepreneurial men, such as myself, are going to bank extreme levels of coin come Tuesday, post July 4th festivities. We’re going to celebrate the birth of this great nation lavishing ourselves in the profits of our precious metal holdings. The rally in silver can no longer be ignored. The red headed, fat faced, woman at the end of the bar is now the most attractive.

SILVER HAS GONE THROUGH THE FUCKING ROOF.

No one knows what the fuck is going on. Some devil, somewhere, is bidding up silver. That’s fine by me. Let the blood flow, thick and red. A bet against gold/silver is a bet against freedom from central bank planning assholes, whose designs to rule the world through a one government system (EU) that will lay waste to two hundred years of American led progress.

On the eve of American glory, such a bet is folly.

I bet you think I’m being facetious with that title. The truth of the matter is, the Chinese banks are already in ruins. By transferring the bad loans onto the government’s balance sheet, killing the executives who mucked up the banking system, and then renewing a degenerate Chinese banking lifestyle, stocks will likely space rocket to new highs.

Once all of the bad news is eliminated, the ugly and inconvenient truths that plague us all, life can revert to happiness and gay fucking giraffes again. While bankers in America get to retire off Greek Islands in style, after ruining our economy; over in China, they get their dicks cut off and their heads kicked into stone statues of Mao. So, maybe a Chinese bank bailout would be a good thing, long term.

What sort of insane run is this (someone mention the Hunt brothers please)? Asian markets are flat and U.S. futures are pancaked ahead of Budweiser can festivities. But, the price of gold and silver are rifling higher again–with silver up 4.4% following a grape raping run of 6% on Friday.

All of you gold and silver shorts will soon meet your makers, ultimately. We are living in a Senator Gint world where fiat currencies are pissed upon, liberals are tossed into open fire pits, and RUSH FUCKING LIMBAUGH is put on blast, in every hood, extra bass. Fuck all of your rap music, we’ve got DR. MICHAEL SAVAGE reverberating throughout America on this 4th of Joohlie.

I’m taking special requests. Being that tomorrow will be a slow news day, toss some topics my way and I’ll try to bang them out one by one.

Any of you trading clowns catch one of these?

min cap: $5b
TCK +273%
ABX +202%
KGC +195%
AUY +194%
AU +168%
NEM +124%
AEM +112%
OKE +101%
CLR +97%
SBS +97%

Here is the median return breakdowns per sector.

Basic Resources: +13%
Consumer Goods +7%
Financials +1.55%
Healthcare -8%
Industrial Goods +10.5%
Services -0.35%
Technology +0.73%
Utilities +26%

TLT +19%
Bitcoin +86%

If you were in the reflation trade, long copper, oil and frac sand–you banked coin. Had you gandered at negative interest rates and said ‘fuck this’ and dropped money into dividend plays, like REITs, Utilities and Treasuries, you banked extreme coin. If you got pissed off at the New World Order, globalization, and the corruption of central banks and instead bought gold and bitcoin, you did the best.

Anyone delving into traditional bull market denizens, such as tech and biotech, did dreadfully.

The first half of 2016 was marked with cynicism and a lack of belief in the global growth story. Anyone who thinks the markets did great, sporting a 4% return on the SPY v a 26% return for electricity companies, are delusional.

Basic resources were helped by copper, oil and gold. Consumer goods were helped by the staples, basic necessities. Financials only posted a positive return because of the REITs and insurance. Industrial goods did well thanks to oil. Services, tech and healthcare did poorly, because we’re not really in a bull market.

For the second half of 2016, look for the narrative to change from “oh look at oil trade higher, gee that’s great” to “holy shit, how is XYZ going to refinance their debt in 2017?” There is a wall of debt coming due in 2017.

NOTEWORTHY: Coal was +51% for the first half, most likely due to Trump.

Regarding the utes, for the first time over the past decade, the average ute PE is trading at a premium to the market. The median PE is now at an absurd 23x. For a sector bereft of growth, this is patently absurd.

Data Provided by the Indefatigable Exodus.

These people are so delusional, so narcissistic, they are unable to accept the views of anyone else without casting aspersions.

The vice chancellor of Germany, Sigmar Gabriel, wants to offer young Britons citizenship, wildly claiming that they shouldn’t be punished by the ‘strange political elite’ in England.

I’m sorry, but wasn’t there a public referendum that was just widely in favor of exiting the EU? That’s called democratic choice, not something thrusted upon people by a so called ‘strange elite.’

Hailing from a nation who once rained bombs over residential areas of London, Vice Chancellor Sigmar believes the young Britons who voted for remain would rather be European than British, because the world is changing and they want a Europe ruled by the Bundesbank.

“They wanted to stay in Europe because they know the world is changing” and the U.K. can’t go it alone, Gabriel said in a speech to a Social Democratic Party conference in Berlin on Saturday. “So it’s a good sign that young people in Britain are smarter than their strange political elite.”

“Let us also offer it to young Britons who live in Germany, France or Italy, so they can stay EU citizens in this country,” said Gabriel, who heads the SPD, the junior partner in German Chancellor Angela Merkel’s coalition.

Unfuckingbelievable. These people are dangerous.

F. Scott Fitzgerald is one of my favorite authors of all time. I own all of his books, in leather bound hardcover of course. The Great Gatsby is definitely his best work. The movie, starring Leo Dicaprio, took a lot of criticism. After all, it’s hard to produce a movie, based on a timeless literary classic, and please everyone. There were parts of brilliance in the film that captured the meloncholic life of Jay Gatsby, a man who was searching for the green light his entire life, an ideal that would finally bring him happiness.

This was a repudiation against the goodness of man, more than anything else. It painted us as servile creatures, bending to the will of our caprices.

Jay was a good man, although disillusioned by the chase of his dreams. Money isn’t everything.

I have a bearish bet going in Exodus now, my first since shorting oil a few months ago. God willing, this will work out better than that wreck, which cost me over 600 basis points.

Hem and haw all you want about stocks and how you’re making money, trading like some sort of jackass without a clue. Let’s talk about what’s working. I mean, let’s talk about what’s really, really working, ok?

Three things.

1. The ark, via TLT
2. Gold, via GLD or miners
3. Utilities, REITs and other dividend payers

At this time, I am not long REITs. If I was, I’d buy VNQ, capture the 3.2% yield and sit back to watch all of you clowns drown, whilst drinking dirty martinis.

I wish all of you a great 4th of Jooh-lie and hope that you refrain from blowing your fingers off with those chinese firecrackers. Eat plentiful hot dogs and hamburgers, and be sure to drink some swill Budweiser to celebrate the vainglorious nation of US of A. While our politicians are of the reprehensible type, our people are the best. American made, sans cars, stand for quality these days, something that escaped our culture just a decade or so ago. There is a profound movement in this country to support American owned businesses, who employ American workers, and I think it’s great. It’s not XENOPHOBIC to love your country. Sadly, it’s only the people, the silent majority, who seem to care about what happens to the country anymore. Hopefully, this will all change soon.

In spite of being an atheist, God Bless.

Comments »

I think that equates to 1% of staff for every 8% move lower in VRX this year. Don’t worry, none of the gurus at Pershing have been let ago, ahead of national festivities, just the underlings–investors services, IT and other lowly staff. All of the men who helped destroy Pershing are, reportedly, still dutifully employed at the fund.

Source: WSJ

Mr. Ackman told his staff this week that the moves have nothing to do with the poor performance of the hedge fund, the people said. Instead, he said, the firm has gotten better in technology and automating tasks like filling out new-investor forms, reducing the need for employees. He added that he doesn’t anticipate any other big cuts, the people said.

Fired, due to technology. Move on.

GOOD NEWS: Pershing Square is moving into a brand new building, one that they own. See, they do know how to hedge, the good with the bad.

Congrats to Bill Ackman for successfully reducing overhead and on the new office space.

The upside, JNUG is +614% this year.

The downside, JDST is down 97% for the year.

Without question, more people lose money on these products than anything else available to retail investors, aside from weekly options. But, at least in the case of options, there is another layer of oversight, as prospective option traders need approval before being able to invest. These fucking things, like cigarettes, kill scores of people and should be banned from the playing field. I am not a libertarian when it comes to stocks. Some of the shit out there should be exiled away from the public, in order to save them from themselves. While that might sound elitist, the fact remains, the only one really making money on these triple lindy asshole Direxion ETFs are Direxion itself.