Pailin's Trading Corner

or a real kick off in the middle east? we haven't had any war based gold spikes for a long while either

I bought some call SLV and GLD options on thursday and they did really well on Friday... finally.  I was able to exit out of about 70% of SLV at the day high and still have GLD.  I'll probably buy any dips and hope it keeps heading up.  they look like they are headed into some resistance though

I don't understand why it's always the innocent, why cant some orange haired wierdo ever walk into the CTFC and shoot the fuckers up? until these people start to see that there will be personal consequences for their betrayal, nothing is ever going to change. 

you can compare this to the IRA, all the years the IRA were bombing soldiers and civilians, no-one (in power) ever gave a shit as soldiers and civilians are both endless abd dispensable, but when they started directly targeting politicians and their families, "we" were suddenly much more willing to "negotiate" with terrorists.  funny eh? 

anyway pleasantries aside, will they now have to make all the "evidence" available to the public?  I'm pretty sure if they did, the collective "WE" could find the damning parts quickly enough, as we 1) know what we are looking for, 2) have less porn to download and less banker cock to suck. 

utterly shameful but totally predictable.  

edit for the sake of the various "Agencies" who will read this. I am not condoning violence, but if it has to happen, (and clearly it does periodically in the States)  there are better and worse scenarios, I personally would much rather that the complicit enablers of institutional crime were targeted than innocent moviegoers. 

:) a war on nature you mean? I think that's already raging on multiple fronts, both covert and overt.

if I have to login and change my password one more time I am gone from this place. Tedious and ridiculous with all these screens as if the guy is guarding some gold bars here.

Watching a character named TraderFlorida over at Stocktwits. I think an example of a full on sociopath. Very entertaining to listen to. Lies effortlessly about his positions. Claims to already be out of shorts that he was in during the short squeeze and in longs that he made no mention of before. Has huge following. Claims to be owning and renovating homes in Caymans, Key West, Wisconsin, and traveling all the time to Europe while trading fulltime. A full on nut job who has countless minions fooled by this private fantasy life he has going. Really entertaining to watch the drama unfold.

Eventually stocktwits will catch on and block the guy. For now its like watching a soap opera... always claims to be in right at the breakout for massive gains and to have already sold any losing position. Hysterical. Gives ongoing 'instruction' in posted daily videos. Complete fantasy life in perfect illlustration.

is Silver going to make it over $28?  kind of stuck there....

IMO the action in metals owes any and all of its strength to manic buying and chasing in Equities. A risk/on party.  When that party stops metals will too but they will fall faster I think. Could be wrong. I do not see volume in many markets at all. Whole thing has the feel of summer hope and summer buying. 1404 is targeted high for ES, then we shall see what we shall see.

that guy is a case study in psychopathology. I think he as nearly 21,000 'followers'.

Gold and silver doing their usual turtle paced upward grind.  Tomorrow should be a typical Tuesday with a pull back in the morning and perhaps all day.  I'm expecting this pattern will persist for a few weeks.  As for Sept. who knows.  Sorry can't be more imaginative.  I think that may be the whole point.

Back to work tomorrow.  Too bad because there is a certain pleasure in not having one's attention divided and a helluva a lot more time to consolidate some learning.

which in themselves are usually proxies for the EURUSD risk-on/risk-off action..? 

possible, even likely,  ..however could we not also get a repeat of last Aug, where stocks and gold diverged, stocks banged their lows and gold the highs, rather like the opposite of right now?  

depends how much real fear there is, I think people are getting a bit blase about it all now:

"Oh yea, the end of the world again [yawn] "

- which is obviously how it has to get, ie collapse fatigue, nobody really worried anymore, so that when it does actually come,  most are caught off guard once again.