Royalty’s Ups and Downs (FNV.WT.A,UNG,GDXJ,NVDA)

A quick digression.   We were quite surprised that CNBC’s political reporter, John Harwood, would risk knowing what Americans really thought about the issue of Russian spies (a truth already clear to us little people) by Tweeting out the following challenge to his followers – In the eyes of the American public, Junior wanted know who was more trustworthy: Wikileaks or the intelligence community.  The above results arrived near the beginning of his campaign, but by the end, well… suffice to say that a funny thing happened on the way to the mainstream media disillusion slap-fest.   WHOOPS!   You can be sure that Mr. Harwood didn’t expect the answer he got, being himself a…

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2017 – It’s All Good (UNG,GDXJ)

Does it get any better?   Sure, we may see a short-lived selling wave now that this election nonsense is behind us – a chance for the bigshots to take some profits before year end and try to buy back in at cheaper prices in the New Year.   But it’s still good.   How so?   First, and most importantly, we’ve now begun the final wave up for the bull market that began in 1980, or, if you prefer, in 1932 – there’s no longer any question about it.  The ultimate rocket-shot higher before Kondratieff’s winter finally descends upon us like a Siberian tiger, is here. And the signs are everywhere –   Consider…

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Sell Everything! (SPY,GDXJ,GLD,TSLA,GM)

We had a very strong sell day on Friday, and much of the ink that was spilled over the following days was dedicated to convincing us that the blood is only beginning to flow.   But is it really time to break out the cautery?  Grab the gauze box and squeeze the wound?   Time to throw on some cayenne pepper, maybe?   Ho, ho…! MY. GAWD.   Before we get to the answer, consider some arguments in favor of the continued grand selloff hypothesis –   Investor Complacency   Some swear by it, but we don’t see it, frankly.  The AAII numbers that we watch show a very frightened Ma and Pa investing cohort…

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Military Efficiency (LMT,GDXJ,QQQ,GLD,SLV)

A system is put in place to create efficiencies.  That’s its role.  It’s not there to help you find your inner child or to bring out your innate human potential.   It’s about being faster and cheaper and glitch-free.   A criminal justice system therefore attempts to deal with criminals and crime in an ‘efficient’ manner.  An education system aims at ‘efficient’ indoctrination of facts and theories in its students.  A healthcare system desires to kill disease and administer to patients with the utmost proficiency.   And why?   Because that produces savings.  And savings means profits.  And everyone’s happy with profits. So what’s the problem?   The problem arises when the system gets too…

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Stock Market Superhero (GDXJ,QQQ)

Welcome, greetings and bienvenue to all you well-muscled, sporty types who love a good, old-fashioned punch-up competition.   Today, we’re announcing our annual, winner-take-all, anti-ISIS stock market predictorama, whereby you offer your best take on the December 31st outcome of all your favorite securities and asset classes, and we, too, take a kick at the can.   Prizes!  Winnings!  Heavenly Delights!   And in keeping with the theme and spirit of the times, the winner of this year’s event will be offered no less than a comely seventy-year-old virgin – and you needn’t blow yourself up to claim her, either!   Just come closer in the final tally than any of your peers, and you…

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Gold Gap Zeroes Out (GLD,GDXJ,FCX)

There will be some very interesting developments across the market over the next few days and weeks, and maybe the most important will involve the precious metals.   Why?   Well, to begin, the dollar has now traced a very bullish continuation pattern called an ‘ascending triangle’.  The pattern looks like this – An ascending triangle is always bullish.  It’s an indication that in the battle between bulls and bears, the latter are slowly running out of ammunition, and once their last shots are fired, buying power will overrun them and advance above resistance toward a new high for the move.   And…   The upshot of a pop in the dollar is that it’ll…

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Walking through the Trade (GLD, EPI, TBT, AAPL, GDXJ)

Let’s run down a few trades before we dig into the main course. And we’ll start with this – A long, long time ago, way back in October of 2013, we bet on the long bond falling. We bought the TBT January 80 CALL for $11.00 and sold the January 110 CALL for $4.75 and everything expired out of the money. Loss of $6.25 on the trade. On September 8th we got India in the blood and bought the January 24 EPI CALL for $0.90 while selling the January 21 EPI PUT for $0.30. And we didn’t give it enough time. India is now breaking higher, but we took a loss. We’re out sixty bucks…

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Nothing to Bloody Lose! (FB, HYG, GLD, CTB, AAPL, GDXJ, DIA)

Let’s get straight to business with some updates on a whole lot of trades. But before we do, a quick shout-out to good reader Jesper Markenstam, who queried us regarding last week’s Facebook/DJIA initiative. For some reason the strike of the FB CALL was not included in the recommendation at press time, and our efforts to make that known in the talkback section of the website were also unsuccessful. We pray it doesn’t happen again and thank Jesper for his insistence in the matter. As he was keen to discern, it was indeed the FB 70 CALL that we were recommending. BY THE WAY, is it true that Jesper was once a stand-in for Kiss’s…

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