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I hope you are right. Worth pointing out that the US is a trading partner with those countries where as gold is metal.

I am uncomfortable about central banks loading up on gold. That just seems irresponsible at these prices and will fuck their balance sheets when a crash does happen.

Higher margin requirement means sharper downward carnage in gold. More hair trigger than it would have been. People will get forced out faster and it will feed on itself hard.

Yea And that will lead to a crash in gold on the way.

I actually started buying 105 and 120 strike puts, January 2013 on GLD. If gold goes up more I will buy more puts at higher strikes. This is a bubble that has been building for a long time. Think of who owns gold: scared people. And they have been buying gold for 5+ years. Think all...

Rhodium is also a critical component of our food supply. Rhodium and platinum are used as a catalyst in the production of fertilizer. Without rhodium and platinum, our current methods of food production would not work and about 4 billion people would starve to death. Gold is just yellow.

And AAPL > XOM Strange times.

And I just got fucked. That order I was complaining about was a married put on SXL. I decided instead of waiting forever on the spread getting filled to cancel the spread and buy the stock and put separately. Right after those filled, my spread filled also :( Put in a sell order on one...

I am even placing orders outside the bid/ask and still not hitting. Just keep moving away. Very tiring.

I got stopped out of SSO at 37.25. Watching it tank from here. Bought today at 38 and kept lowering my stop ahead of the fed expecting some turbulence... and there it goes. And here it comes back... Cleaning out all the stops.

Talk is cheap.

Which bounce? The short cover bounce that tricks idiots into the market only to be slaughtered that night? Or the bounce where we go up until 2015 crash?

http://www.bloomberg.com/markets/stocks/futures/ Showing DJIA down 300 now tonight. That would be over 900 points today.... Tomorrow is going to be liquidation/panic. Feel sorry for anyone still in. This isn't going to turn on a time. :(

All we need is more liquidations tomorrow to trigger a spiral. Only thing that can stop it is ben. I hope he doesn't.

I like the part where you say you learned from 2008. I have some friends who disagreed with me that we were due for the drop when I sold at the end of April. They were like "We're still so far away from the triple top, at least another year or two before SP 1450". I pointed out to them...

Good play book.

Thats what I keep telling my amateur friends who want to participate. They need let a bottom form. You don't have to pick the bottom exactly right. You just need to avoid the slaughter and get back in when the trend is going the way you like to trade.

http://finance.yahoo.com/banking-budgeting/article/113279/fear-gauge-near-flash-crash-level-wsj Let this work its way out of the system: "It's outright panic," said Andrew Wilkinson, senior market analyst at Interactive Brokers in Greenwich, Conn. of Interactive Brokers. "Right now...

Agree. I have been in cash since the end of April. I would like to at least get under 1100. I may start light buying then. Under 1000 I would buy heavily. At 850-900, all in and then some. Need to see what the bernank says tomorrow.

If this ends up being a full blown correction, I am looking for S&P500 to land on firm ground between 900 and 1000. In that range I will probably start buying hand over fist. No fancy science in that number. Just look at the long term trend established before the triple tops. It puts us...