Fly Buy: EXK

I added to my EXK position.

Despite today’s “risk on” trade, I still like my TLT position. I am pleased to see my WNR/AG/EXK positions go up, even at the expense of my ZSL. However, I cannot get motivated whilst the head of the IMF is sharing a cell with a purse snatcher.

In all seriousness, I’d prefer not to discuss European debt or American politics. Let’s just see things for what they are: commodity related stocks, as well as the underlying commodities, have been poleaxed. You don’t “v-shape” higher, following sharp declines. I am predicting a slow/tedious tape from now until September.

Position accordingly.

So the IMF Chief is holed up at Rikers Island with vagrant crack addicts and it’s business as usual? Ha! The man in charge of the global money supply is hanging out with the blood gang and no one is suspicious of these egregious circumstances?

Let me be the first to tell you, something is afoot. Every since my bathroom got sucked into a sinkhole, the market has been going lower. Today, we were putting the finishing touches on my new lavish bathroom, only waiting for a shipment from California (my vanity) to complete the room. Fed Ex Freight arrived around 10am and delivered what was supposed to be a glorious vanity, with all of the trimmings one would expect from purchasing bathroom items from a first class vendor. Upon opening the crate I was dismayed to find the marble counter top to be in fucking pieces, practically ground into dust, mocking the very fabric of my existence. I ordered the Fed Ex hack to “take this back to California.” And now the completion of my bathroom hangs in the balance, as I am looking at a delay of at least 2 weeks.

I am cursed by demons; I realize that now. I know the only thing you cock suckers care about is the status of my WNR. But then again, you’re all degenerate deviants, unable to think, let alone manage financial risk.

In case you haven’t noticed, the market is weak. While it’s true, I have been advocating ownership of refiners. It’s also true that I’ve been incredibly cautious, holding more than half of my liquid assets in cash and treasuries. If you are unable to purchase more than one stock at a time or hold cash for periods longer than 2 hours, you should leave this site now, else risk inevitability: rapid mustache removal by fist. I would like to see my silver stocks trade higher. However, the silver metal is plagued by demons too. Therefore, I will hold onto ZSL for the intermediate term.

I am holding my refiners, unaffected by the recent dip. Do you know why I am able to hold stocks when they are down? BECAUSE I AM A FUCKING MAN, that’s why.

Into the bell, I am loading the fuck up on brass knuckles and sarin gas. Fuck with me and see what happens to you.

Stocks are being dismantled and tossed into flaming barrels of garbage. Luckily I predicted such a downfall and find myself with over 50% cash and oodles of ZSL and TLT. However, I’m still getting crucified on existing longs like WNR. There is no moral to the story or rational as to why we are selling off. It’s just happening—accept it.

My guess, the rubber band is coiled back, setting up for a reflex rally. If you are short, you might want to reduce that exposure. If you have cash reserves, now is a good time to nibble; but don’t bite. There is always a chance we get lit the fuck up, amidst horrendous news releases and downside surprises. Know the risks and don’t bitch about losses.

I will have you know, “The Fly” is taking his losses like a man. For lack of a better phrase, my cock has been cut off and gobbled by deformed midgets, clad in burlap underwear. I don’t like to see my longs lose value. However, I find solace in knowing my exposure is just 25% of what it was a week ago. My timing could not have been better in that regard. Nevertheless, prepare for a reflex rally, most likely scheduled for tomorrow afternoon.

I am busy this morning. Get protection.

The PPT closed at a range that has offered significant support, from an algorithmic stand point.

The market is guilty until proven innocent. I managed to limit my losses to just 0.6%. However, they are accumulating, setting up for my worst trading year since 2000. As the Gods would have it, I imagine a managed annual loss for Le Fly will follow up with the end of the world as we know it. This market is going “African mask” on novices waiting for POMO.

Regardless, I’ve taken the liberties to secure my personal wealth, invested in ancient artifacts and lithium mines.

In the market you and I have in common, I’ve hedged my silver losses with ZSL. For my personal account, I own WNR and loads of ZSL—that’s it. I’ve been buying TLT, heavy, while saying “fuck your debt ceiling” — two middle fingers in the air, checking the weather.

More losses tomorrow means someone gets hurt, kicked down the stairs—tumbling down to the ER.

I do find it quite humorous that the IMF boss was pulled off a plane, like a dog, charged with rape and sent to spend a few nights with NYC’s homeless at the tombs. This is a guy who was supposed to be the next French President. Now he’s a fucking rapist. LOL

It doesn’t matter if he is guilty or innocent, for he will always be considered by many a rapist. Whatever plans he had for the future have been permanently canceled, in exchange for prison time at some butt fuck factory in NYS. Maybe his real crime had something to do with Greece, Portugal or Spain. It really doesn’t matter. All that matters now is JP Morgan and Goldman Sachs are firmly in control of the world’s money supply.

Having said that, I am a seller into rallies, until the QE3 shit is clarified. Frankly, I cannot be bullish, whilst the US is devoid of treasury buyers. All of the POMO money will be gone. It will be like a celebrity shindig sans the cocaine. You can’t have a rally these days without cocaine (POMO), as you are well aware.

So, to protect my assets, I am cash heavy and long TLT, with a hedge against my silver stocks via ZSL. With regards to my refiners: I am pretty much catching gravity hammers to the skull. But what am I supposed to do, ignore the past 3 years of market bliss and sell everything? I do what I can, without getting all burlap’d and shit.

My ideal scenario is to get a hybrid score in the 2.50’s in The PPT, enabling me to buy dips. One could make a very good argument for lower equity prices, in order to flush money into treasuries. The only way to build internal/domestic demand for treasuries is to take away all available options.

Here is my checklist:

1. Real Estate- check
2. Commodities- getting dicey
3. Checking Account- check
4. Equities- not yet
5. Corporate Bond market- still good

When all of that shit above looks bad, people will do “The Hugh Hendry” like a motherfucker, buying up lots of TLT as if their heads were on fire and that shit was fire retardant foam.

I added to my massive TLT position, firmly doing “The Hugh Hendry.”

Disclaimer: If you buy TLT because of this post, the U.S. will default. And, you may lose money.

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