Those bastards at the CFTC want to impose position limits on commodities! How dare they tell us all knowing investors what to do!
Look, if we want to hoard commodities, treat them like equity investments and never sell them, then it is our business. It doesn’t matter if it take supply out of the market, gas from your car, food from your mouth. We’ve got the money, damn it, and we can do whatever we please! Plus, the new ETF products are exempt from regulation, right?
Look, 10% down to buy a commodity is still too onerous for a readily liquid and functioning market. I say, since your are limiting my investment universe, then let me put 5% down instead of 10%. 95% leverage is no problem. Give and take I always say…And don’t worry about us. We are buying some cheap semi capital equipment stocks today. What? They are 100% higher than where they were in August? Who cares? So are most commodities! Haven’t you ever heard of momentum? How about “The trend is your friend”?
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You’re getting a little batty Bleier. Funny as helll though.
In with the good air, out with the bad…
Why put anything down? Hell, we should be able to get 1,000,000:1 leverage on Equities and 100,000,000:1 leverage on commodities.
I should be able to corner the silver market with $15.00 down. I want to be the new millenniums Hunt Brothers!
hey,and you can prolly do it with credit cards to,take out the cash,buy the commodes, reap the winnings payem back the minimum, ,recycle it a couple of times, bank the coin again. then payem off the next month. and you’ll had not used i thin dime of your own coin……….ya know,self created tarp. if the banks can do it,so can you..lol.. thats how dare they. then you can say, i learned that move from loyd and jamie, because their top notch citizens, and only have our best interest at heart………………..not
True story: near the very end of the tech bubble & right before the crash, my buddy Erahn maxed out every credit card he had, took the cash and poured it into his ammeritrade account. He went on full margin and was buying the original AOL ($115 thereabouts IIRC at the time) like it was a penny stock.
Wanna guess how it ended?
i used to work with some dudes that used to obtain about 5-6 amex cards, the kind where you could get 5k cash. back in the day when you could get 6-7% or so on a 6 month cd from a bank,if you shopped around you could do better % wise.these cats would take from every card the full amount, throw it in a cd,stave off the card company,collect their 7% pay off the card. and rinse and repeat.and you know how it ended, they spent the coin, and dont have squat left. as a matter of fact,these cats used to live in hyde park, obama has a crib there.
The commodity issue has become a serious one indeed, as it impacts the poor and the economy as a whole.
Took some profits today and lightened up on my longs. Close to 1300 and taking your warnings to heart. Off for a ski weekend. Great work this week, Scott.
Time to get long Bleier, this market could leave you 200 points behind!
I’ve been hanging on to most of my semi-equipment stocks and today was the big payoff…
i’lll take the contrary on that huggie, the character of this trend is changing.i’m an idiot, and i even noticed it.
I was just being sarcastic…while I am long in my regular accounts because i use a trend following system, i moved my 401k to cash around january 1st. I would rather miss out on more gains than be greedy after this type of run.
I’ve ratcheted up hedges on my system accounts…i don’t like being long, but i do what it tells me. Mostly.
My brother is bankruptcy atty in Oregon. One day a postman comes in. Guy makes $42K. He’s bot 6 $500K houses in “partnership” with a mortgage broker. He’s stopped making payments, but wants to know what to do with the rent he’s collecting. (this was maybe 2 yrs ago)
Let the record show, today is a mere eight days after Scott posted his piece on the hidden dangers of Apple. Technically, the news came out yesterday.
Nice work, my friend.
Please it’s only down like three points after hours from it’s all time high…..get real dude…keep worshiping your losing money messiah…lol
You evidently know nothing about me, to suggest I would worship anyone, or take their financial advice for that matter.
You kids are spoiled. I remember when a 3% move was a headline grabber, not even a decade ago.
You must be kidding, right? Scott has been excellent, but this is stretching it.
actually, he’s not.