[stockstradr]

Armageddon is when the rest of the world feels that the US tax payer cant afford to pay for this mess.

You’re close. I agree with the slant of your comment.

Armageddon is when foreign powers conclude the US will devalue the dollar to inflate our way out of massive debt (which we owe mostly to foreign nations). Then those nations will dump the dollar as the de facto reserve currency.

I believe that particular form of Armageddon is now INEVITABLE for the US dollar. It is merely a matter of time. The EURO, the RMB, and gold will likely benefit.

[stockstradr]

Armageddon is when the rest of the world feels that the US tax payer cant afford to pay for this mess.

You’re close. I agree with the slant of your comment.

Armageddon is when foreign powers conclude the US will devalue the dollar to inflate our way out of massive debt (which we owe mostly to foreign nations). Then those nations will dump the dollar as the de facto reserve currency.

I believe that particular form of Armageddon is now INEVITABLE for the US dollar. It is merely a matter of time. The EURO, the RMB, and gold will likely benefit.

[stockstradr]

Armageddon is when the rest of the world feels that the US tax payer cant afford to pay for this mess.

You’re close. I agree with the slant of your comment.

Armageddon is when foreign powers conclude the US will devalue the dollar to inflate our way out of massive debt (which we owe mostly to foreign nations). Then those nations will dump the dollar as the de facto reserve currency.

I believe that particular form of Armageddon is now INEVITABLE for the US dollar. It is merely a matter of time. The EURO, the RMB, and gold will likely benefit.

[stockstradr]

I am also buying MORE gold, even though my overall gold position is down about 10% because I hung on as gold fell off its $1,000/ounce highs.

The reason I’m strongly bullish gold is that we have market chaos which drives investors to “secure” havens like gold, but more importantly the United States is looking more and more INSOLVENT each day, with the only recourse appearing to be our government conspiring to devalue the dollar. Foreign governments are getting very nervous and are already starting to dump dollars as reserve currency. The Big Question is what will they trade into. I think maybe EUROS and Gold. So I’m gambling that as the dollar gets unseated as Worlds Reserve Currency of choice, then gold prices will rocket up.

[stockstradr]

I am also buying MORE gold, even though my overall gold position is down about 10% because I hung on as gold fell off its $1,000/ounce highs.

The reason I’m strongly bullish gold is that we have market chaos which drives investors to “secure” havens like gold, but more importantly the United States is looking more and more INSOLVENT each day, with the only recourse appearing to be our government conspiring to devalue the dollar. Foreign governments are getting very nervous and are already starting to dump dollars as reserve currency. The Big Question is what will they trade into. I think maybe EUROS and Gold. So I’m gambling that as the dollar gets unseated as Worlds Reserve Currency of choice, then gold prices will rocket up.

[stockstradr]

I am also buying MORE gold, even though my overall gold position is down about 10% because I hung on as gold fell off its $1,000/ounce highs.

The reason I’m strongly bullish gold is that we have market chaos which drives investors to “secure” havens like gold, but more importantly the United States is looking more and more INSOLVENT each day, with the only recourse appearing to be our government conspiring to devalue the dollar. Foreign governments are getting very nervous and are already starting to dump dollars as reserve currency. The Big Question is what will they trade into. I think maybe EUROS and Gold. So I’m gambling that as the dollar gets unseated as Worlds Reserve Currency of choice, then gold prices will rocket up.

[stockstradr]

I am also buying MORE gold, even though my overall gold position is down about 10% because I hung on as gold fell off its $1,000/ounce highs.

The reason I’m strongly bullish gold is that we have market chaos which drives investors to “secure” havens like gold, but more importantly the United States is looking more and more INSOLVENT each day, with the only recourse appearing to be our government conspiring to devalue the dollar. Foreign governments are getting very nervous and are already starting to dump dollars as reserve currency. The Big Question is what will they trade into. I think maybe EUROS and Gold. So I’m gambling that as the dollar gets unseated as Worlds Reserve Currency of choice, then gold prices will rocket up.

[stockstradr]

I am also buying MORE gold, even though my overall gold position is down about 10% because I hung on as gold fell off its $1,000/ounce highs.

The reason I’m strongly bullish gold is that we have market chaos which drives investors to “secure” havens like gold, but more importantly the United States is looking more and more INSOLVENT each day, with the only recourse appearing to be our government conspiring to devalue the dollar. Foreign governments are getting very nervous and are already starting to dump dollars as reserve currency. The Big Question is what will they trade into. I think maybe EUROS and Gold. So I’m gambling that as the dollar gets unseated as Worlds Reserve Currency of choice, then gold prices will rocket up.

[stockstradr]

Today I’m playing safe and taking profits. This morning I dumped my S&P500 puts (exp Jan ’09) which were up 90%, but were “only” 7% of my portfolio. I dumped my large “DUG” position (short DOW oil and gas index) today as I was able to take a 5% net overall profit. You’ll recall I established that position when oil was $85/bbl so I feel lucky to walk away from that act of stupidity with some spare change.

I’m wavering on dumping my SDS (2X inverse on the S&P500). I have a lot of SDS, but I have a feeling the market will hit 1150 (S&P500) in the next few weeks and that will become the new support level. So far this morning I’m wrong on that as the S&P500 saw support at 1170-1180, and now the bargain hunters appear to be moving in.

My only mistake over this last year was not selling gold when it was around $1,000/ounce. However, this week with gold at $760 I decided to double-down my gold position. That’s a risky move I hope I don’t regret. I think my portfolio would be about 10% higher were it not for my substantial gold positions.

However, overall net, looks like my portfolio is up over 30% since Oct 2007; however, the risk level I accepted was very high in order to reach those gains. So the risk vs. gain ratio on my portfolio is not really something to brag about, and not recommended for others.

Basically, I’m now moving into a cash position because for the first time in 24 months, I’m now thinking about picking over the bodies to look for good buys long the market. I’m particularly interested in buying energy stocks as the oil prices bottom. What will oil bottom at? I have no idea! We are already lower on oil prices than I expected we would be at this date.

[stockstradr]

Today I’m playing safe and taking profits. This morning I dumped my S&P500 puts (exp Jan ’09) which were up 90%, but were “only” 7% of my portfolio. I dumped my large “DUG” position (short DOW oil and gas index) today as I was able to take a 5% net overall profit. You’ll recall I established that position when oil was $85/bbl so I feel lucky to walk away from that act of stupidity with some spare change.

I’m wavering on dumping my SDS (2X inverse on the S&P500). I have a lot of SDS, but I have a feeling the market will hit 1150 (S&P500) in the next few weeks and that will become the new support level. So far this morning I’m wrong on that as the S&P500 saw support at 1170-1180, and now the bargain hunters appear to be moving in.

My only mistake over this last year was not selling gold when it was around $1,000/ounce. However, this week with gold at $760 I decided to double-down my gold position. That’s a risky move I hope I don’t regret. I think my portfolio would be about 10% higher were it not for my substantial gold positions.

However, overall net, looks like my portfolio is up over 30% since Oct 2007; however, the risk level I accepted was very high in order to reach those gains. So the risk vs. gain ratio on my portfolio is not really something to brag about, and not recommended for others.

Basically, I’m now moving into a cash position because for the first time in 24 months, I’m now thinking about picking over the bodies to look for good buys long the market. I’m particularly interested in buying energy stocks as the oil prices bottom. What will oil bottom at? I have no idea! We are already lower on oil prices than I expected we would be at this date.

[stockstradr]

Today I’m playing safe and taking profits. This morning I dumped my S&P500 puts (exp Jan ’09) which were up 90%, but were “only” 7% of my portfolio. I dumped my large “DUG” position (short DOW oil and gas index) today as I was able to take a 5% net overall profit. You’ll recall I established that position when oil was $85/bbl so I feel lucky to walk away from that act of stupidity with some spare change.

I’m wavering on dumping my SDS (2X inverse on the S&P500). I have a lot of SDS, but I have a feeling the market will hit 1150 (S&P500) in the next few weeks and that will become the new support level. So far this morning I’m wrong on that as the S&P500 saw support at 1170-1180, and now the bargain hunters appear to be moving in.

My only mistake over this last year was not selling gold when it was around $1,000/ounce. However, this week with gold at $760 I decided to double-down my gold position. That’s a risky move I hope I don’t regret. I think my portfolio would be about 10% higher were it not for my substantial gold positions.

However, overall net, looks like my portfolio is up over 30% since Oct 2007; however, the risk level I accepted was very high in order to reach those gains. So the risk vs. gain ratio on my portfolio is not really something to brag about, and not recommended for others.

Basically, I’m now moving into a cash position because for the first time in 24 months, I’m now thinking about picking over the bodies to look for good buys long the market. I’m particularly interested in buying energy stocks as the oil prices bottom. What will oil bottom at? I have no idea! We are already lower on oil prices than I expected we would be at this date.

[stockstradr]

Today I’m playing safe and taking profits. This morning I dumped my S&P500 puts (exp Jan ’09) which were up 90%, but were “only” 7% of my portfolio. I dumped my large “DUG” position (short DOW oil and gas index) today as I was able to take a 5% net overall profit. You’ll recall I established that position when oil was $85/bbl so I feel lucky to walk away from that act of stupidity with some spare change.

I’m wavering on dumping my SDS (2X inverse on the S&P500). I have a lot of SDS, but I have a feeling the market will hit 1150 (S&P500) in the next few weeks and that will become the new support level. So far this morning I’m wrong on that as the S&P500 saw support at 1170-1180, and now the bargain hunters appear to be moving in.

My only mistake over this last year was not selling gold when it was around $1,000/ounce. However, this week with gold at $760 I decided to double-down my gold position. That’s a risky move I hope I don’t regret. I think my portfolio would be about 10% higher were it not for my substantial gold positions.

However, overall net, looks like my portfolio is up over 30% since Oct 2007; however, the risk level I accepted was very high in order to reach those gains. So the risk vs. gain ratio on my portfolio is not really something to brag about, and not recommended for others.

Basically, I’m now moving into a cash position because for the first time in 24 months, I’m now thinking about picking over the bodies to look for good buys long the market. I’m particularly interested in buying energy stocks as the oil prices bottom. What will oil bottom at? I have no idea! We are already lower on oil prices than I expected we would be at this date.

[stockstradr]

Today I’m playing safe and taking profits. This morning I dumped my S&P500 puts (exp Jan ’09) which were up 90%, but were “only” 7% of my portfolio. I dumped my large “DUG” position (short DOW oil and gas index) today as I was able to take a 5% net overall profit. You’ll recall I established that position when oil was $85/bbl so I feel lucky to walk away from that act of stupidity with some spare change.

I’m wavering on dumping my SDS (2X inverse on the S&P500). I have a lot of SDS, but I have a feeling the market will hit 1150 (S&P500) in the next few weeks and that will become the new support level. So far this morning I’m wrong on that as the S&P500 saw support at 1170-1180, and now the bargain hunters appear to be moving in.

My only mistake over this last year was not selling gold when it was around $1,000/ounce. However, this week with gold at $760 I decided to double-down my gold position. That’s a risky move I hope I don’t regret. I think my portfolio would be about 10% higher were it not for my substantial gold positions.

However, overall net, looks like my portfolio is up over 30% since Oct 2007; however, the risk level I accepted was very high in order to reach those gains. So the risk vs. gain ratio on my portfolio is not really something to brag about, and not recommended for others.

Basically, I’m now moving into a cash position because for the first time in 24 months, I’m now thinking about picking over the bodies to look for good buys long the market. I’m particularly interested in buying energy stocks as the oil prices bottom. What will oil bottom at? I have no idea! We are already lower on oil prices than I expected we would be at this date.

[stockstradr]

Regards Asian markets, take note that the Shanghai index is now about 2,000. Take note because the last bottom was about 1,000, back in mid-2005. Then it ran itself up to about 6,500 before walking off the cliff.

If you have access to trade the Shanghai index, that index is starting to look inexpensive. When it gets to 1,500 it is going to give me a hard on and I’m going to start spending some money on Chinese stocks.

Do note that the exchange was closed today I believe due to holiday.

[stockstradr]

Regards Asian markets, take note that the Shanghai index is now about 2,000. Take note because the last bottom was about 1,000, back in mid-2005. Then it ran itself up to about 6,500 before walking off the cliff.

If you have access to trade the Shanghai index, that index is starting to look inexpensive. When it gets to 1,500 it is going to give me a hard on and I’m going to start spending some money on Chinese stocks.

Do note that the exchange was closed today I believe due to holiday.

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