The TA Study Lounge

[adamp]

hey man, what have you been up to these days? I was doing well with metals then took a big hit recently. I swear, every time I think i have it figured out, i get killed. It takes 6 mths to make the kind of profits I lose in 2 days sometimes.

Not sure if it's even worthwhile to try the market in these later stages of bubble formation. Sitting on cash at 1% is almost as bad.

[g-ianni]

they already have a plan in place to take everyone's money over 100k.

http://www.bankofengland.co.uk/publications/Documents/news/2012/nr156.pdf

[g-ianni]

Agreed, and who in their right mind will keep any substancial savings in a bank right now. tin cans and dirt works for me.

[adamp]

I'm just plain out at this point. I had great gains in silver earlier in the year and that disappeared in a day or two. Now, I just hold my RDS-A (Royal dutch shell) for dividends. What are we to do at this point? It would be outright idiotic to enter the general market right now. There's no way these levels are going to hold. I'll enter mutual funds when it pulls back and forget about it.

[g-ianni]

what's up. My shorts have been pulled down to my kness all I have to do is bend over, phucken Bernanke I hope he chokes on his next sandwich!! Stilol holding tvix for doomsday all or nothing.lol

[adamp]

I've made a few good trades this year, I wonder if I'll be paying the piper with my VXX buy Friday.

[adamp]

I've loaded big on VXX... i'm very anxious about what monday am is going to bring. It could go up a little or down a lot... i'm putting my dollar on a very red day for the market.

[g-ianni]

i'm long nokia and have the downside coverd with some tvix. yes i would definitly buy soome downside coverage in case the whole thing implodes.

[adamp]

Any thoughts on the market? I may hit VXX big on any given strong green day that pushes the market to new recent highs... i don't believe any of this is sustainable for even a day. At some point, VXX and other short positions are going to pay off big.

[g-ianni]

WOW! Obviously electronic trading for retail has gone by the way of the DODO Bird. That's the problem Adam There is really no where to hide, only try and survive my friend.

[adamp]

you're right... i'm not sure where i'm supposed to put my money these days.. I can't keep playing the 3x silver funds (USLV/DSLV)... I have to watch every tick with those damn things and it's too distracting day to day... I can't even place 'stop-losses' on those things because the price magically falls to my 'stop loss' price a few seconds after i place the order. It happened once right before my eyes... i won't do that again.

[g-ianni]

INSURANCE COS AND PENSION COS , Gov't pensions have been using the 7% model for years now and they are all underfunded what does that tell you. everyone needs to save more spend less. again either way we are phucked!

[adamp]

I was looking at some 'retirement calculator' and it is assuming 8% yearly gains from investments... does that sound right to you? It seems pretty freaking high to me. I'm beating that big time with my silver flipping, but I could fall on my ass just as quickly with that. Man, what I would do for yesteryears' 30-40%/year mutual fund returns.. those days are gone.

[g-ianni]

you do it in small increments and hopefully you don't run out of time.

[adamp]

Agreed with all... i just don't know how one can possibly prepare for what's ahead of us. Ammo is rare these days, i can only stock so much provisions, land of any nature is expensive as all hell in NJ... It's going to be ugly, just don't know what timeframe it will completely fall apart.

[g-ianni]

The Fed keeps monetizing debt at the tune of 85 billion a month, sonething is gonna happen, either we get hyperinflation or we continue on a deflationary path where people will continue to consolidate their personal balance sheets which dosesn't bode well for our economy, Basically Adam we are fucked either way as I see. Hard assets, farmland, bullets, guns and provisions.

This will not end with everyone dancing in the streets in a joyous celebration.

[adamp]

Being out of pinks is like getting out of a bad marriage. My life has been notably better since i've stopped trading those things. SLV and USLV give me some excitement, but at the end of the day there will never be a reverse split or a 90% drop in value in a matter of minutes with these.

Stayed at home throughout holidays. Had some issues with my prior employer and had to get a different job, so the holidays were pretty stressful. Things look good for now. Still, wondering where we should be throwing our money these days.... years from now, people will look back on these times and point out the 'golden opportunity'.... i thought it was silver for a while, but now i'm not so sure.

Thoughts? It's not as easy as simply collecting real estate these days...

[g-ianni]

Hi Adam, all is well and holidays were wonderful, wish I could have taken more time off but such is the nature of my business.

How are you and your family? Holidays?

Out of pinks as you probably know since our last communucation.

Long NOKIA, China Moblile (the largesr Tel cO) Gave them the contract in Oct 2012. ( not apple, heh he)Looking for huge numbers sometime after Chinese New Year. nok has huge shortb position of 300 million shares.

Adam, it's always good to hear from you my friend.

[adamp]

Hey chef, you still around? I hope you had a good holidays/new year.. anyways, i'm only dealing with silver these days.. SLV/USLV, they both behave like pinkies, so it was a natural fit for me. Anyways, let me know what you're throwing money at these days..

[g-ianni]

are you thrilled Obammey won,lol hold on to your wallet it may disappear any day now.

[adamp]

Just waiting for money to arrive.. and i'll be hitting SLV hard.

[g-ianni]

what's up! long time. that's what i'm hearing as well.

Big move in PM's. I'm shorting the market with uvxy.

[adamp]

Hey man, what are you up to? I'm trying to get back into the mix. Probably no penny stuff, I have an IRA I may play with in the silver market.... after the re-election, it's a near certainty that we will diluting the hell out of our currency. Silver has GOT to make a strong move.

[g-ianni]

God forbid that happens. Seriously! I will pack my bags and leave this shit hole behind.

[adamp]

Oh, and I bet you just loved what Obama thinks about entrepreneurs... apparently you owe everyone else for the success of your business.. Obama must be the absolute worst president this country has seen.. honestly, i think shit will hit the fan within 4 years easy if he is reelected.

[adamp]

Hell, i'm buying ammo more than anything these days...

[adamp]

yeah, I'm thinking that too. I may d/c my 403b contributions. It's going to cash anyways, and i think i'd do better buying PMs than the 3% yearly it yields. There are some pretty smart guys, guys who predicted this last crash, that are saying the worst is ahead of us. None of the reasons we got out of the Great Depression exist for us today. We're screwed.

[g-ianni]

Hello Adam, long time and It's always good to hear from you. I have one piece of advice only. Cash and physcical possession of all PM's. This Phucken Corrupt Mafia government will confiscate all accounts when the crash comes and it will arrive! Glty Chef.

[adamp]

hey man, are you still around? I'm out of the market still.. i won't get back in.. thinking we're going to be headed back to historic lows once people see through the smoke and mirrors.

You heard about this guy Lombardi? He's publishing 5 articles about investing through the upcoming financial crisis (for a cost of course).. seems to think we're heading towards a historic recession (part 2)

Talks about investing in gold mining stocks, an undisclosed fiat currency (quick research maybe suggests Austraila/New Zealand), ETFs that increase in value with the decline of the dollar and the decline of the stock market (VXX?)

Any thoughts on any of this? Any ideas why silver is never added to these investment discussions?

[adamp]

yeah, i'm moving up north a bit to Hackettstown, NJ...

shorting the market should make you some money... even my 403b is in nothing but cash right now.

[g-ianni]

Hey Adam! WhaT'S up man. I had a feeling you fell off the grid. Congrats of the purchase of The Money Pit and the new Job. Still in Jersey? Out of pinks completely, and shorting the market going into Monday.

[adamp]

hey man, anything going on with you? I'm out of everything... nothing in the market, and nothing in metals now. Had to pay off bills to buy a house (new job). It's kinda boring day to day without some money in the stock market lotto..

[adamp]

We knew something wasn't right... they had nothing to talk about after merging, that's a bad situation when the a/s was already maxed out... plus, they never did return my emails requesting information as to which insurance company was backing them. They have nothing, and there will be 4-5 reverse splits down the road before they have anything to talk about, if ever....

[g-ianni]

No shit, I sold the day before trhe split and still took a 70% loss. phucken pinks, they all suck. I'm going to the casino from now on.

[adamp]

Looks like DGIN is another SCAM... geez.. i may not ever play the pinks again... they're all crap, each and every one of them.. I knew something stank with this one from the go

[g-ianni]

Happy belated New Year as well Adam, not paying much attention to the boards and the pinks, lost cause here.

[adamp]

Happy New Years, Chef!

Sadly, I doubt i'll be reentering the penny game any time soon... in fact, I may be done for good. I like the idea of buying precious metals instead... it's too bad really.. not long ago I think we could have made a solid killing in these plays, but too much bullshit nowadays to even waste time with it.

[adamp]

not me... i won't be playing for a while now... too much instability with silver and i need to have funds to hit it hard if it tanks.. kinda hoping it does so i can double my position..

[g-ianni]

very small positions in sgcp and dgin. needed the money for Christmas. I have to build my account back up again.
This could take awhile. lol

[adamp]

Wow... i'd completely forgotten about that one... that would have been a nice score..

you playing anything now? I'm completely out.. waiting to load silver if it hits low 20s, but that's it.

[g-ianni]

Remember Cyos that dead internet gaming stock, up 1300% today, unbelieveable!!!!!

[g-ianni]

http://www.zerohedge.com/contributed/trustee-seize-and-liquidate-even-stored-customer-gold-and-silver-bullion-mf-global

[g-ianni]

$25 is the line in the sand, they are manipulating the GLD, SLV paper PM. I believe the paper will become worthless in a crash. derivatives are legally first in line for payments ahead of all other assets, can you believe the criminals in Congress actually passed these type of bills.

[adamp]

silver took a big hit today.. bought some on the dip.. looking to add more tomorrow on a significant dip as well... .not sure if this is a blessing or a curse, but i'm buying the f*ck out of this if it sees $25 an ounce....