For The Love Of Money

[BreakoutÎnvestments]

I don't think they will let hit happen, but it's not like there's a 0% chance of it

Assuming this isn't some kind of show for us citizens, I'm glad they are finally taking it seriously

My guess is that it will be some compromise that sounds good, but is only a fractional change to the way we've been handling things

[SIIX]

Silver $38.16/oz

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is this whole debt ceiling thing just a bluff..game of chicken..that will be settled in the 11th hour? surely the govt cant/wont let a shutdown happen.....right?




Debt ceiling: What happens if it isn't raised?

http://finance.yahoo.com/news/Debt-ceiling-What-happens-if-cnnm-359093306.html?x=0&sec=topStories&pos=8&asset=&ccode=

[SIIX]

Silver $36.75 ..Ever gonna see $40 again?

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US stock futures sink after weak June jobs report

http://finance.yahoo.com/news/US-stock-futures-sink-after-apf-2073081885.html?x=0&sec=topStories&pos=1&asset=&ccode=

[SIIX]

Building Boom in China Stirs Fears of Debt Overload

http://finance.yahoo.com/news/Building-Boom-in-China-Stirs-nytimes-1644211805.html?x=0&sec=topStories&pos=9&asset=&ccode=

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Silver $36.23/oz

[BreakoutÎnvestments]

You too! Looking forward to some time off!

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have a happy 4th bro!

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Bank of America expects loss after settlement

NEW YORK (Reuters) - Bank of America Corp (NYSE:BAC - News) said it expected to take more than $20 billion in charges after settling with mortgage bond investors, resulting in a second-quarter loss.

The $8.5 billion settlement removed a question mark that had been hovering over the bank since October, and its shares rallied.

The deal, combined with other settlement-related charges, was within the range that Bank of America had disclosed in a filing in May. The settlement still requires court approval.

Bank of America settled with a group of investors, including BlackRock Financial Management (NYSE:BLK - News), who alleged the bonds they bought from Countrywide Financial were packed with mortgages that should never have been sold. Bank of America bought Countrywide, once the largest U.S. mortgage lender, in 2008.

The settlement could pressure other big banks, including JPMorgan Chase & Co (NYSE:JPM - News) and Wells Fargo & Co (NYSE:WFC - News), to settle similar lawsuits with mortgage bond investors.

Bank of America said it expected to post a loss of 88 cents to 93 cents per share for the quarter.

Excluding special items, Bank of America said it expected to earn 28 cents to 33 cents a share. Analysts had been expecting 28 cents, according to Thomson Reuters I/B/E/S.

The bank said its charges would include the $8.5 billion settlement with bond investors and another $5.5 billion to cover expected payments to other mortgage bond investors.

The bank is also expecting to take $6.4 billion in other charges linked to mortgages.

The $8.5 billion settlement covers claims from 22 institutional investors, including BlackRock, Pacific Investment Management Co and Western Asset Management.

Shares of Bank of America rose 3.7 percent to $11.22 in trading before the market opened.

(Reporting by David Henry, additional reporting by Brenton Cordeiro in Bangalore, and Lauren Tara LaCapra and Dan Wilchins in New York; Editing by Lisa Von Ahn)

http://finance.yahoo.com/news/Bank-of-America-expects-loss-rb-700092492.html?x=0&sec=topStories&pos=2&asset=&ccode=

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silver $38.58

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Silver $38.08

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i got thrown to the wolves today... i let my guard down. my bad.

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silver $35.22

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Silver $33.76

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Silver $34.48

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unreal..i was expecting a correction but this is extreme. looking at the chart you would think it was some penny stock pump n dump..

crazy.

[BreakoutÎnvestments]

wow, didn't expect the 50sma to break - probably taper off tomorrow considering its Friday and the length it's already fallen

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big hairy flush.. my calls look ugly today. good thing i have a few weeks yet.

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Silver $37.79

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options and i, do not mix well usually.. so i went small. but that's the cool thing about options..one can turn a little into a lot.. if the timing is right.

[BreakoutÎnvestments]

yeah, I think that's a good trade

[SIIX]

i switched sides again.. added some may $40 calls

what ya think?

[BreakoutÎnvestments]

Pretty amazing

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Silver $39.91

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Silver $41.63

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Silver $43.79

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Silver $45.47

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Silver $49.41

..no more short position lol

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silver $44.97

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Silver $45.85

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Silver $46.40

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Silver $47.87

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Silver $46.09

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Silver $45.84


i started a short position today. Im gonna stick with this one, this time, i think. Unless silver blows past 50/oz. but i have a hard time believing it will.

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Silver $45.18

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Silver $44.79

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Silver $44.10

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Silver $43.53


was all over the place today.

[BreakoutÎnvestments]

Only $7 to go

Pretty amazing

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silver $43.01

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silver $42.89

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silver $42.51

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silver $42.22

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silver $41.35

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Silver $41.01 hard to keep up lol

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silver $40.44

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Silver $40.29

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Silver $40.07

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Silver $39.71