Friday, August 29, 2014

Drums of War

PM Cameron on the telly a few minutes ago.
Britain is getting on the war wagon.

Here is a recent op-ed on the recent drumbeat, particularly on Faux news.

It is starting again.

Bought some gold today and SSRI yesterday.

Heavy on the PBT for a few days.

Oil is strong and UNG holding up well

A bull market takes awhile to turn. Putting money in stocks is an automatic thing for many. And that will take some time to change.
Long bonds are at lower yields than could reasonably be expected for the "strength" or coming strength in the world economy.


Monday, August 25, 2014

Fedex Busy

This is not a recommendation for a stock. This post is an observation only.

I ordered a couple of big speakers for my yard a few days ago because I wanted some loud music out there. The speakers arrived today by FedEx. The FedEx van was a rental from Budget, with a FedEx magnetic strip on the door. I asked the driver why the rental. He replied that his usual truck was in the shop and he had this truck today. He went on to exclaim that he was glad he had this rental today because of all the bulky packages he had to deliver. The back of this panel truck was piled high with boxes as big as the speakers I had ordered. This is in a rural area, and the delivery area for this driver is this rural area. It is usually delivered in a van.

But someone, myself included, decided to buy some stuff in these dog days of summer.....

That FedEx driver was busy.

Just an observation on the state of this local depressed economy.


Tuesday, August 19, 2014

Time Out!

I'm making this too complicated. And it is costing me money.

I am sitting on the sidelines for awhile to watch.

We'll see how long this lasts.


Friday, August 15, 2014

Poop Hitting Fan

The latest new from Ukraine is of part of a Russian military column being destroyed by Ukraine forces. There is talk of NATO involvement. Unknown what "involvement" means.

Stocks down sharply as WWIII gets under way......

Oh, that won't happen! 


WWIII here!

US Treasuries much stronger lately than any reasonable person could expect with the anticipation of an end to Fed purchases and a rate hike next year.
It hasn't mattered what stocks have done lately, treasuries go up.

This matters.

Control risk,

P.S., The talking voice on TV/CNBC says this is a "buying opportunity". Right, the S&P is down 5 points. I suppose he is buying. Finally.


And I've given up on CRK and UNG. For now.


Sunday, August 10, 2014

Comstock Resources and UNG

I started some trades in CRK and UNG last week on technical indications.

CRK seemed to be strong at last weeks level by the buying volume that came in. See Chart.
And a rounded bottom in UNG that I noticed a few days ago. Not a strong chart, but one that just struck me when I looked at the dailies a couple days ago. The best trades for me are often those that just jump out at me. I can't always rationalize the reasons.

But started a couple trades. I'll add to them if they seem to be turning into trends.....

Control your risk,

Friday, August 8, 2014

My Yearly Horse Ride

O'kay. This is nothing to do with trading. The week before last I went with my wife on a yearly adventure on the Pacific Crest Trail. We ride out of a small horsecamp  at Windigo Pass in the headwaters of the North Umpqua drainage. Spent some long days in the saddle, and there was even a few minutes when I thought "this is fun".....

But the scenery is unbelievable.

Gotta do that again.

Still long silver and gold and that molycorp thing.


Tuesday, August 5, 2014

Stocks Drop

Midday, stocks drop and gold and silver see some buying as the prospect of a Russian intervention in Ukraine rises.
Russia troop increase at Ukraine border raises concerns

The only stocks I own are related to gold or silver or molybdenum.(hint) (smirk)
And they have all been losers so far, but.....


Todays ISM

Here is the Institute for Supply Management report for the month:

July 2014 Manufacturing ISM® Report On Business®

Numbers were stronger than expected according to the talking Santelli.

Now the question must be: "Will the Fed keep up with the economy?"

And I got my volume in SLV today. :(
And we filled that gap.....


Monday, August 4, 2014


Here are a couple  of charts that illustrate the economic weakness in the U.S. economy.

The talk is beginning to shift to inflation, as a real phenomenon. And what the Fed will do about it.

The Fed will not be in a hurry to slow things down. Particularly if there is political world events that may impact trade.

Position accordingly.

On a related note SLV hit an intraday and multi-week low on low volume today. The selling wasn't there.......


Friday, August 1, 2014

DECK Divergence

Curiously, my indicator of the future of the stock averages has diverged from the DOW.

Deckers remains strong despite the weakness in the major averages.

I hate to call a bottom......