RM's occasional market calls...
- Thread starter Rearden Metal
- Start date
Gold spot= $1363.60.
I'm now 100% out of all metals positions. Thanks a ton to everyone for all the encouragement, and I will talk later because I still have to decide how and if I play the metals long for a bounce at some point....
I'm now 100% out of all metals positions. Thanks a ton to everyone for all the encouragement, and I will talk later because I still have to decide how and if I play the metals long for a bounce at some point....
Quote from Rearden Metal:
Satchel, I look at it differently.
IMO, when the fed starts slowing down the printing presses, that will mean we are just one step away from rate hikes (=more attractive bond yields), instead of two.
Another thing is that I'm focused exclusively on bullion prices, not the stock price of bullion producers as displayed in your chart. The patterns are similar but different.
Will I finally get noticed by the right people (high level, Chicago area, cool office environment), and get the invitation I've been waiting for ever since Schonfeld Chicago shut down ten years ago?
Grand Slam Home Run.
I didn't see where RM mentioned how many contracts he had, but after seeing him post here over the years I bet it was a stunning dollar amount too...at least it would be stunning to pikers like me!Quote from budcampbell:
Grand Slam Home Run.
Never did get big in this one. Just exited at $2.97 and $3.01. Consider the other month $VIX spreads to be closed out too. There are no longer any open positions from this journal.
That's the one flaw with these public market calls: Once I'm already up a good amount on a position, I have every incentive to just book the win, whether I'm truly ready to exit or not.
One more thing: The support of everyone here has been awesome, and you guys have just bought yourselves more of my strong-conviction market calls going forward. Had the reaction been negativity or silence, I might have been inclined to disappear from ET for a while again.
Yes, life can get pretty complicated when you're the <i>Oskar Schindler of junkies.</i>* There are seven people who comprise my 'inner circle' of relatives and friends. Every single one of those seven can tell you that what I have is truly a problematic solution, not a drug problem. How many bona fide junkies can claim as much? Time to plug my site again: www.ProhibitionKills.com
*Oskar Schindler (of 'Schindler's List' fame) was a card-carrying Nazi with thousands of slave-laborers working in his factory. But to read that book by it's cover alone and label him a 'Nazi slave owner' would be a cruel injustice, since history clearly recognizes him as a stand-up guy who did all he could to do the right thing, under very difficult circumstances.