Hello Pezz, Tonight’s Report:
I feel very naughty for having done something at home, situated at the comfortable nook I call playroom, in front of my geewhizbangohwhoaweebeggingtobereplaced PC and flanked by thenowveryold plasma TV showing CNBCNonsense.
(1) I bought a whole lot of very safe and sure UltraShortFinancialsProshare ETF finance.yahoo.com @ 94.75 , placing a wager on the implosion of the financial economy of the world as built upon the core that is the USD;
Sure, a bit expensive for a wager for which the roulette wheel is already turning, but no matter, as there is still quite a bit of useful value to be squeezed out of Wall Street before all is done and said, before the truly shocking affairs are aired, and before the Congressional shills shrill and then chill;
Also, I felt brave because my Yen is so up, looks promising to go higher still, the better to destabilize, rock, and roll and then crumble the edifice that is the fraternity of hedge funds all having thought more rather than less alike, boosting my SKF, pulverizing most in its path, the better to allow me to accumulate at better pricing still more solid gold, gold shares, gold share derivatives, and all enterprises that feed the gold industry, all of which actually producing nothing terribly useful, certainly not essential, but is every so often called on to protect the savings of millions that are threatened by the billions.
A win-win-and-win-again outcome, without a doubt, which when coupled with a decline in real estate everywhere desirable, may set up for yet another win.
2008 is looking better and best, or better than best.
(2) I hedged my enthusiasm by shorting a bit of the December Calls on SKF, strike 95 (@ 15), and I hedged my hedge, to boost my feeling for enthusiasm, on the wager that is itself a hedge for the greater portfolio by shorting a few December Puts on the same SKF, strike 93 (@ 7).
If you had trouble keeping track of what was what, know that I am as well.
In any case, the combination yielded 22/share of essentially free money, for walking around, waiting to celebrate a merrier Christmas and happier New Year – call it bonus sharing with wastrel Wall Street, or an insult to injury ;0)
(3) I positioned a starting stake in grubby Northern Dynasty finance.yahoo.com @ 11.92/shr.
(4) I established a grub stake in NovaGold finance.yahoo.com @ 20.98/shr.
(5) Finally, I pondered once again the possibilities of the ever more beautiful Yen, which I had of couse been accumulating, selling of Euro, throwing out USD, cutting back on CAD, emptying out AUD, and more recently, exchanged for with paper gold, as it bravely approaches Tora Tora Day, to usher in a brave new world where no Yen had gone before, daring Professor Charlatan Ben Helicopter BurnAndKaput to lower rate and drop trou.
All very naughty, giving me a wicked sensation, a nasty anticipation, and pleasurable ... etc etc, so on and so forth, once again, twice more, ad infinitum, ad nauseam ...
:0)
(6) Oh, and yes, I had earlier in the day yesterday approached a branch of the Communist Mainland Chinese bank here in Freedom Hong Kong for and on behalf of the special purpose holding entity that holds the new geewhizohwhoawee full ocean view double secret hideaway to set up a new wrap-all-around investment account, intending for the entity to take down some debt-ly leverage, preferably in large USD denominations, so as to get some wasting cash, so as to spec the same wasting cash on gold, anticipating that the gold will double, and the secret hideaway will double, and cash will halve, for a win-win-win combo trade, all the better to fund the Coconut's upbring at CB Ilaine's client's expense, to be in perfect alignment with CB Ilanine ;0)
Chugs, TJ
Recommendation: sell everything to do with the financial economy, for it will cataclysmically implode surely on one fine apocalyptically expected day; short if inclined to stomach trial by fire and tribulation by deluge, accumulate gold, by way of the Yen.
Reminder: the market will screw the greatest number of people the worst possibly way at the most inconvenient time, for that is its full time job. |
