Wednesday, August 24, 2011

Trade Update: IAU

Well I knew that gold had the fall back soon. We went short on IAU at $18.33 and today it closed at $17.21. I think that is most of the mo...

Live Trade: GS

Take a half position or 50 shares of Goldman Sachs GS, at $109.62. Put a stop just below the daily low. that is that the stop at $106.25. ...

Trade Update: IAU

There is the chart of the IAU. It looks exactly like the chart for GLD, only the scale has changed. Yesterday we went short the hundred ...

Trade Update: GLD

We were only long 25 shares of GLD. So, we lost $125. I think that the correction in gold has finally started. I think that the ride ...

Trade Update: SKF

Yesterday I moved our stop in SKF up to $84.40 and we were stopped out there shortly after. I put a three-year chart of SKF. When I ...

Tuesday, August 23, 2011

Live Trade: IAU

Short 100 shares of IAU at $18.33 Stop at $18.93

Live Trade: SKF

move the stop up to $84.40

Market Watch:IYF

The financial index IYF is at the decision point. Pennies away from the decision point that could lead to a massive move in one direction ...

Market Watch: JPM

Beautiful! In the stock market all you can ask for is clarity and you don't get much more clarity than you're looking at right n...

Market Watch: GDX

Wow would you take a look at that! The GDX has gone from $54 $64 per share in just the month of August. Ouch, it hurts to miss that. The o...

Monday, August 22, 2011

Live Trade: GLD

by 25 shares of GLD right here at $184.08, with a five dollar stop. Buy 1/4 GLD $184.08 Stop 179.08

Trade Update: SKF

Back in April of 2009 we took a full position of SKF at $68.90 as part of mother of all puts, in case the Plunger Protection Team lost con...

Trade Update: SLV

On Friday we picked up a full position of SLV on a break of $41. You can see the entire zone of support between $38 and $41 going back for...

Market Watch: GLD

On Friday I said that we would probably have to go long on GLD by at least 25 shares. Then I didn't do anything about it. The reason ...

Sunday, August 21, 2011

George Carlin -' I Gave Up On My Species'

He did try to tell people for 25 years. I understand his frustration 100%

Saturday, August 20, 2011

Peter Schiff on record gold prices: I told you so!

Peter Schiff explains how it's a Treasuries bubble, not a gold bubble stupid. With the decline of the world economy, many investo...

Friday, August 19, 2011

Bank of America Will Help Rick Perry Out

In case there's any doubt of who Rick Perry is falling into bed with just listen to the video at about 24 seconds. Apparently someon...

Live Trade: SLV

SLV broke $40, pick up a full position at $41.08

MarketWatch: GLD

Maybe this is why gold , already at an all-time high gapped up beyond our stops again yesterday. Despite a report from the World Gold...

Market Watch:SPX

Well it is still forming, the double bottom on the SPX I mean. Look at the 1250 level in the chart you can see the strong support that it ...

Government Sachs

Great piece of bad news from The Young Turks

Thursday, August 18, 2011

Trade Update: GLD

Well this had to be one of the most unlucky trades I can think of. Twice in the last three days the market gapped up beyond our stop. S...

Live Trade: GLD

GLD gapped up above our stop at Stop at $175.50. Get out now at $177.62

Wednesday, August 17, 2011

Max Keiser: Banking Looters

This week Max Keiser and co-host, Stacy Herbert, observe the British shock that there is no society. In the second half of the show Max ...

Trade Update: GLD

Well this has been an eventful trade, that is not a good thing. We were stopped out of GLD on the long side at $170.51 after 15 point gain...