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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: pezz who wrote (59847)1/11/2010 4:24:00 AM
From: TobagoJack  Read Replies (1) | Respond to of 217561
 
hello pezz, today's report:

(1) exchanged a lot of paper for a lot of paper gold, and am now in debt as a result, but for good cause, I figure.

I used 10 % of my planned leverage, or 10% of my nav - I plan on 100% nav leverage, but might just hesitate at 50% mark.

(2) exchanged some electronic blips for some gold panda bullion, thus mineralizing excess savings and solidifying surplus capital, for the long term, in case there is ever a zero-state monetary reset. If n when so, I would engage n embrace.

Cheers, tj



To: pezz who wrote (59847)1/19/2010 11:13:24 AM
From: TobagoJack1 Recommendation  Read Replies (1) | Respond to of 217561
 
hello pezz, tonight's report

(i) shorted covered call options on gold miner etf (gdx) finance.yahoo.com (march, strike 50) @ 1.81, for i need some funding for sustenance, including but not limited to food, drinks, utilities, education, gas, entertainment, airplane ticket, maid services, starbucks mint mocha, lessons for skating, kung fu, piano, gymnastics, ballet, and the list goes on and on

(ii) purchased material measure of platinum etf finance.yahoo.com @ 162.9/oz because i like its heft, figure the wager might well provide for future sustenannce

(iii) purchased large tranche of palladium etf finance.yahoo.com @ 46.21 since i enjoy its shine, and because i like balancing off the strategic metals in pairs - who knows, maybe one of the two platinum group metals eventually would be elevated to 'unobtainium" status per avatar the movie

while i realize that all of the bets are highly volatile wagers, i am psychologically o.k. as i can take comfort from the enormous gains already made from same theme over the past 100 months via longs on physical, certificate, mining shares, by way of options.

it saddens me that i may have to exit these positions w/i 60 days, and it frightens me that i might have to summon courage to engage with more of same within same time span.

in any case, the gdx option trade above paid for 20% of each of the above pt and pd wagers - so i am doing speculation judo, borrowing the energy of the market to tip over the exchange.

cheers, tj



To: pezz who wrote (59847)1/20/2010 3:26:08 AM
From: TobagoJack  Respond to of 217561
 
hello pezz, today's report:

(i) i wished to sell shares today, was hard pressed to nominate any, and so unloaded these Message 25011682 at 109.38-110/shr, all bought at below 100.

i give thanks for all the stimulus that booted the rather large and in fact over-sized basic industrial stock position from is monetary crisis low of 37 to now, a well deserved and panic-free profit, plus gains on euro vs usd.

god bless america.

(ii) brought the resultant euro back to hkd, where it might survive devaluations and capital controls.

(iii) the general direction is 'exit'.

cheers, tj



To: pezz who wrote (59847)1/20/2010 4:08:36 AM
From: TobagoJack  Respond to of 217561
 
btw, looking at the old post on that nice 30th september 2008 day,
... did you find the warning useful? more importantly, did you use the warning?

Message 25011682

especially the part about, <<In some sense we are fortunate, for we are blessed with economic lesson of once in 3-4 generations, and let us learn at internet accelerated pace how wrong the charlatans truly are.

I trust that soon enough cash will not be king, but life itself, should events go the dire way.

I still like gold, especially for its features that it cannot be counterfeited, is difficult to trade in the physical form, cannot be speculated at the push of a button, so hard to leverage against, shiny, eternal, not at the mercy of counterparties, pure and good.

I remember how handy gold was during the Asian Financial Crisis, a casual-dress rehearsal for what we are about to globally experience. I believe we are being blessed with a valuable education of several generations.>>



To: pezz who wrote (59847)1/20/2010 11:11:44 PM
From: TobagoJack1 Recommendation  Read Replies (1) | Respond to of 217561
 
hello pezz, today's report:

following on to these Message 26255592 so far astute and agile trades , i have unloaded shares barely on my register, residuals mostly, not worth talking about individually, but in aggregate would still be material.

i offloaded down to the sleeping point, because i suspect that a triple waterfall deluge maybe coming this way.

panic is best done when early, when panic can still do some good.

cheers, tj