Spinning Out Of Control

Numer Uno

And way past my bedtime. Well at least in the top three!

I like the way you think Turd :)

MMMM drop!

Nice to see you being vindicated, Turd! Starting to look hot and explosive around here.

For anyone interested in "big picture" thinking, this interview with Martin Armstrong answers a lot of the questions that arise in discussions of the global debt crisis (such as, "What really caused it, and what could be done to fix it?"). Highly recommended for all Turdites.

http://mises.org/Community/blogs/hera/archive/2012/07/01/martin-armstron...

Even if Ben disappoints, I suspect we will still have some upward pressure on metals. I expect a mild rise tomorrow after some wild stop-hitting swings to shake people out--a large move up if he actually announces some liquidity.

On the other hand, IF Ben doesn't keep teasing the S&P algo frontrunners with promises of liquidity, markets could fall out the window. And this right before an election? That would be very interesting. I don't see it happening.

Obama needs stability for 60 more days. I expect more jawboning and no action. How can he announce more QE with the common lies we are being told by TPTB and their Ministry of Propaganda, AKA the manstream media.  

• Obama is creating jobs
• There is a housing rebound
• Markets reflect economic health

"If all that is true, Ben, then why print more money?" But he can promise it and only the investor algos will be listening and searching the net for key terms. He keeps the 401K accounts fat and the sheeple sleep. Meanwhile Ben is sneaking money out the back door to fund the US deficit and shorting commodities to hold inflation down.

How do you guys set your stop losses on options?

Do you set the trigger based on the price of the option or the price of the underlying stock?

For instance, I have 15 SLV calls that I want to set a stop loss on. Do you I set the stop for when the price of SLV reaches a certain amount or the price of the options I bought? If the price of SLV how does one do that in Tdameritrade?

Thanks in advance.

Jan

I only see it with a 45 minute delay, but it is in danger of turning positive for the day.

Isn't an up-day for the HUI, cartel-code for price rises tomorrow?

Good Day All,

I am writing to see if anyone has opened a Self-Directed IRA LLC.

Apparently, if done properly, you can invest in metals, real estate, business opportunities and the like.  It appears that you run the LLC which in turn acts as the custodian of the IRA.  It gives the LLC manager (you) the ability to write checks to invest in these alternative investments and traditional markets as well.  I read about it on irafinancialgroup.com while investigating IRA/physical possession of metals.  Warning, they are tax attorneys trying to sell their services, but they provide some fairly in depth introductory information.

I am curious if anyone has gone this route (via the site mentioned, their own accountant or tax lawyer…) and what their experience was like.

Thanks in advance.

Secondly, My wife and I are selling our house.  Took a promotion which requires a move.  Anyway, our realtor did sales comps and we listed the house "fairly."  Got a ton of traffic and two offers in four days.  Appraiser came in and slashed the value.  The buyers realtor also thought it was fairly priced and explained why we has so much traffic.  She then said there has been a run of unexpectedly low appraisals over the past three weeks. Not sure what this means, but makes me think that lenders are pulling in their horns.  I don't believe for one minute that the lenders and appraisers are "independent."  At first I was pissed, but am now glad to be rid of the house as I fear another housing downturn may be coming and those 'in the know" are preparing for it.

Humble

It seems to me that if the Fed prints tomorrow, commodities including food and oil will blast off. With a little under two months until the election, the resulting price increases will surely start to show up at the pump and local grocery stores before we go to polls. This would not bode well for Obama's chances for re-election.

Unless of course the Fed doesn't want Obama re-elected?  Or maybe they figure additional QE is already priced in?

But if the Fed waits to October, they could raise/sustain stock market and perhaps the commodities inflation wouldn't impact until after we vote.

Maybe tomorrow's outcome will signal where the Fed (and/or TPTB) stands on who they want to be our next president.

I sold my silver just above 33,not much a bounce and it looks like we could go lower into the close and later on globex.

And who knows how low they will take it by tomorrow morning!

Be careful guys!

Reposted from the end of the previous thread, 'cause I wanna explain why ~everyone~ should feed the Turd ...

"I do HOPE that you periodically remember to tip the Turd if for no other reason than it was TF that freely has provided this site that has (partly) enabled yr good profits."

Oh, I have, and will.  

A couple of years ago, after sloshing through oceans of stuff about investments, I did something with fear and trembling, but did it anyway, 'cause I just couldn't see any alternatives that made ~any~ sense at all -- excepting for some income-producing real estate, I put everything else in metals, about 3:1  for gold:silver.

It was THEN that I stumbled on to this site via Zero Hedge.  

The first benefit was the tremendous sense of relief to find others (1) who were reaching the same concusions I had reached vis-a-vis conventional investing vehicles, and (2) who were making variations on my own decisions for managing the assets I happened to have.  At this point, of course, those decisions were purely "defensive."  I had no thought of growing my assets in this market environment.

And, then, I got to reading and reading and reading around here -- Mayor Turd, of course, and also many of the thoughtful people who post here frequently, sharing their analyses.

And, alongside all the stuff I'm reading here, I'm watching the movements in the silver and gold markets.  Oh boy.  Oh boy.  Did the light ever come on in places that were formerly so murkey. Indeed, it was Mayor Turd's fundamental premise -- that once one KNOWS that the PM markets are manipulated, you're over halfway home to anticipating what/how TPTB will act -- that showed me I could profit from this premise, especially as that premise has been further fleshed out by the observable trails that TPTB has left in their wake.

One of the most exciting developments this year is the reallocation of my PM holdings from 3:1 in favor of gold to 3:1 in favor of silver.  The reason I did this? It was a feature that seems to drive most investors ~away~ from silver, namely its volatility.  Buying dips and selling rallies is ever so much more profitable if there's lots of dips and rallies, dontcha know.  And, the percentage moves in silver -- 5 to 10 percent -- are so much greater than comprable fluctuations in the price of gold.  If gold goes up or down $10 today, that's a change of  ... what?

[firing up the calculator ...]

... about 0.6 percent.  This morning, already, silver has gone from 34 down to 32.50, a change of 4.4 percent.  If ivars is correct tomorrow -- that it could spike up to 36.00 -- that would be a change (as I type this, silver's 32.98) of a tad more than 9 percent!  

Now, I'm an old man, cautious as hell, and so I never book those changes in my own mad-money trading at BV.  No one does, of course.  But, you see, if I book half the amplitude of those changes ... well, in a year of that you end up with an amazing return!

I expect I'm not alone at all around here.  And, I also hope those -- especially the lurkers -- who have profited as I have will periodically feed the Turd.  They're fools ten times over if they don't do their part to keep Turdville ginnin' as it has been ever since I found this place.

Good article discussing the differences, for those new to gold/PM investing . . .

http://goldsilver.com/article/paper-gold-and-gold-passbook-scams/

FWIW:

They're different metrics; the first is about quality the second is about yield.

If both are correct nationally, and I'm not saying they are, then the yield is 75% of last year and 52% of this 75% is of poor to very poor quality.

Time for a new acronym: TYBM

Time to BTFD. My sentiments as well, Turd! Thanks!

Also, just watched this series of videos: