Thursday, July 28, 2011

Trade Update: GDX

We entered long 50 shares of GDX at $59.42 were stopped out of GDX at $57.34 for a $104 loss. 07-13-2011: Buy 1/2 GDX @ $59.42. Stop at $57...

Peter Schiff: 'Debt ceiling is a charade'

The countdown to armadebtdon continues and we are just four days away from the debt ceiling deadli...

Trade Update: BAC

Bank of America BAC held up well yesterday in the face of the carnage in the broader market. It is ...

Wednesday, July 27, 2011

Conspiracy History

It is conspiracy history now!

Trade Update: GS

We entered goldman Sachs at $133.70 and moved our stop up to $136.50 where we were stopped out at t...

Tuesday, July 26, 2011

Trade Update: GS

Move the stop in GS up to $136.50, but do not add any more shares yet. You can see how the upward m...

Monday, July 25, 2011

Live Trade: GLD

GLD gaped up this morning but the gap has not filled yet. The stochastic on the 15 minute chart has...

Trade Update: GS

I have no idea what Goldman Sachs GS will do from here. The only thing that we can be sure of is th...

Sunday, July 24, 2011

Trade Update: GLD

Where SLV is flirting with resistance GLD is poised for another breakout. You can see the reversal ...

Trade Update: SLV

SLV is flirting with resistance. You can see the big take down in May which found support at $32. F...

Friday, July 22, 2011

Trade Update:BAC

Bank of America BAC got punished on its earnings report. With headlines floating around like space ...

Thursday, July 21, 2011

Live Trade: BAC

We are going to take a full position in Bank of America BAC). The shares are cheap they've just...

Trade Update: WFC

We sold short 50 shares of Wells Fargo at $28.17. Today we were stopped out at $29.21 for a $.52 lo...

The Bank Of America Cover-Up

Bank of America BAC , America's biggest bully bank by assets spent its fiscal second quarter 2...

Trade Update: GS

We tiptoed into Goldman Sachs yesterday with 25 shares at $133.70. I explained why I thought this ...

Wednesday, July 20, 2011

Live Trade: GS

Take a look at the 30 day chart of Goldman Sachs in the daily time frame. You can see the breakout ...

Trade Update: JPM

JP Morgan JPM responded to the DOW's 202 point rally with quite a yawn. The shares closed up $0...

Tuesday, July 19, 2011

Trade Update: IBM

Well, that was a total abomination! We went short yesterday on IBM at $174.22. And just look at w...

Trade Update: IBM

Take a look at the five-day chart of IBM. Notice that big gap up this morning. The problem with our...

Trade Update: IBM

I have had my eye on IBM to short for quite some time now. Yesterday we finally took the plot when ...

Monday, July 18, 2011

Live Trade: IBM

Sell short 25 shares IBM at $174.22. Buy stop at $176.66

Sunday, July 17, 2011

Google Being Evil!

Profits and profitability go hand-in-hand with Google Inc.(GOOG), which once again surpassed all ...

Friday, July 15, 2011

Trade Update: JPM

Despite the hype over its second-quarter earnings the shares of J.P. Morgan were remarkably subdued...

Thursday, July 14, 2011

JP Morgan's off Balance Sheet

J.P. Morgan Chase and Company JPM did earn a second quarter profit, in case there was any doubt. T...

Obama bin Laden

President Obama says he cannot guarantee the 27 million Social Security checks can be mailed Augu...

Trade Update: JPM

Forty dollars a share is the magic number for JP Morgan. Yesterday JP Morgan closed up, but still b...

Wednesday, July 13, 2011

Live Trade: GDX

The story with GDX here is almost the same as it is with SLV and GLD. We are more concerned about m...

Live Trade: SLV

We are taking half a position in SLV at $36.98. This is risky because the stochastics are very over...

Live Trade: GLD

Despite last nights post about waiting for a pullback we are going halfway into GLD. Instead of pulling back it has gapped up. We will take...

Tuesday, July 12, 2011

MarketWatch: GLD

Gold might be setting itself up for for a pullback to its 100 day moving average at about $145. Tak...

Pumping Aluminum

Alcoa Inc. AA reported that they doubled their quarterly earnings last night and predictably the Wa...

Trade Update: JPM

There is the 24 week chart of J.P. Morgan JPM in the daily time frame. The good news for our short ...

Monday, July 11, 2011

MarketWatch: IBM

Keep your eye on IBM. The shares have come screaming off the double bottom formed last July and Aug...

Market Watch: SLV

The silver ETF SLV had a pretty good week last week. In the post apocalypse $32.50 has established ...

Saturday, July 9, 2011

Peter Schiff on Jobs, Jobs, Jobs

There are no jobs because there is no growth. The lack of jobs proves that governments GDP numbers...

Trade Update: WFC

On Friday we went short Wells Fargo Corporation WFC, at $28.17. When I first saw the chart I thought...

Friday, July 8, 2011

Live Trade: WFC

This is a little more risky than usual. Sell short 1/2 position of Wells Fargo WFC with a one dollar stop. Sell 50 shares WFC at $28.17 Bu...

Thursday, July 7, 2011

Keiser Report: Countries Selling Off Prized Assets

Countries are selling assets that are earning them money, so the money that they would earn would ...

Wednesday, July 6, 2011

The Usurers of The Muslim Brotherhood

A little over 300 years ago the Rothschilds made enormous profits from fomenting and financing arme...

Monday, July 4, 2011

Market Watch: SLW

Silver Wheaton is a stock that has long underperformed, its underlying metal. And even though silve...

Sunday, July 3, 2011

Max Keiser Speaks To Lawyers In Athens

This is an abridged version of talk Max gave to a group of lawyers suing derivatives dealers and g...

Default Stupid!

Of course Greece should default, because quite obviously, you cannot borrow yourself out of debt. ...