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Attenuated amnesty


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"The Market"

 

...is the dumbest money anywhere on the planet (CNBC, Q.E.D.)

 

Just trade over it, around it and under it for acres of diamonds...pick'em up one by one "

 

 

 

The market is like any other sweet smelling corpse

 

It attracts an interesting facinating and almost endless variety of carrion and predators.

 

 

How do you sterilize quantitative easing - you buy gold.

 

"The market" is just an average - there will be speculators smarter than the market and speculators dumber than the market.

 

If your smarter you make money - if dumber you lose.

 

The markets are like a crime scene because its where victim and perpetrator meet.

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I guess the volatility is needed by the Cartel to shake more money out of cry babies that can't take it...

 

Weak longs -- kill'em

 

Weak shorts -- kick their teeth in

 

Standing stop loss clowns -- run'em down

 

Steel Stomachs and Brass Balls to be rewarded on commensurate basis to risk

 

 

What happens when you buy/short something and it does not come back.

 

Like the silver traders in 1980

Hedge funds short the Nasquack in 1999/2000?

Guys short gold in 2002?

 

Long Enron

Long KBH in 2006

Long LEH etc

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This seems to jive with what dharma is saying:

 

http://jessescrossroadscafe.blogspot.com/2010/05/gold-is-in-classic-cup-and-handle.html

 

Any thoughts about Jesse's analysis?

It's not especially fashionable at this particular moment, but I'm with dharma.

 

Greece was just warmup. A global sovereign debt crisis is the Voldemort of this era. It's almost time for the Battle of Hogwarts....at which time capital will flee to wherever it seems safest.

 

JMHO

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Bravo.

 

Great trading.

 

Oh I don't know, I also went short on the pop to $147.30 and then they took me out on the final pop to $151.21. Still at least I got back in on the way down.

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