Fly Buy: GORO, GSVC

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.

Senator Gint (CH) is correct. The gold and silver bandwagon is a coveted one and he is the jockey. Watch him whip his Kentucky horses until they die, long a variety of precious metal stocks. I am simply moonlighting, here for the money then I am gone. My treu passion lies in other industries, separate from the homogenous thinking of the doom and gloom crowd.  However, for now, I am emphatic about gold, long GSS—liking a variety of other names as well.

None of this shit means anything to me, considering my 80% cash position. As the market melts up today, I lie in the tall grass waiting for a small doe in a wheel chair to lose focus.

The stock action is great. Investors are buying the dips and selling the rips. Apparently, the Italian crisis is not important and the Bearded Clam is firmly in charge. At the same time, semiconductor names are missing earnings expectations by a fucking mile. Hat tip to Analyst Bomber for calling it. He was right and I was wrong.

In closing, I am not buying into this rally just yet. I am playing small and keeping my eyes fixated on CDS spreads.