This Says It All
Got this in an Email. Congrats to who put it together.
- America is Capitalist and Greedy.
- yet half the population is subsidized...
- Half the population is subsidized
- yet they think they are victims
- They Think they are victims
- yet their representatives run the government
- Their Representatives run the government
- yet the poor keep getting poorer
- The Poor keep getting poorer
- yet they have things people in other countries only dream of
- They have Things people in other countries only dream of
- yet they want America to be more like those other countries
All aboard the Hand Basket To Hell! The Hand Basket is leaving the station in 5 minutes.
ReplyDeleteWe're on an Express Elevator to Hell Sig, Goin down.
DeleteKid,
ReplyDeleteI tried to think of something to add but this post seems to be, completely, self-explanatory and sufficient.
JonBerg, my thought when I got it.
DeleteHey, Kid:
ReplyDeleteBought my DZZ (double short on gold) over a year ago. So far, gold is down around 5% from this point last year.
Am I rolling in dough? No, but now the pundits are all saying that gold is heading to $1500 per ounce.
I'm still holding my DZZ, call me crazy. Still, CD's and T-Bills have out performed gold over the last year. Hell, savings accounts have done better than gold. Does that make me more investment savvy than Glenn Beck? Maybe.....
Fredd, I Was wondering. You said you'd cash it in if ronmey was elected, but now that the imbecile of disaster is still in the white house...
DeleteI'll tell you this cause I watch it like a hawk and read some pretty smart guys: Gold has an inverse relationship to the S&P500. S&P up = gold and gold shares down. That's your tell until otherwise changes. I also short gold via the gold miners triple short ETF DUST.
Watch the action based on the S&P, not minute by minute but it's pretty close to the day and most definitely week. Gold has more downside but GLD may find support in the 148-150.00 range.
Good luck sir.
DUST, huh? Let me look at that one. Triple short, I already like the sounds of it.
DeleteAnd yes, I was hoping for a Romney win, and I assume you read the papers and it didn't happen. Gold would be around $1400 an ounce had that happened, but Obama doesn't yet control Wall Street. Close, but not yet....
I'm hanging onto my DZZ. DUST...I'll get back to you on that one. Glenn Beck is turning over in his grave. Doh! He's still alive (but not on Fox anymore).
Let me know Fredd, I'll keep you updated.
Delete2 things if I may be so bold.
- It is folly to hang on to shorts for too long.
- These ETF's degrade/decay over time. Case in point FAS and FAZ - one is triple long, the other triple short the banks. Check the two charts. They've both gone down over time rather than one going straight up while banks were tanking and the other going straight down.
There is a decay element there.
Kid: just bought $5K of DUST on your advice. Since you guarantee a return on my investment, I feel good about the purchase. Just kidding. I will watch my DUST like a hawk, probably cash both DZZ and DUST when gold hits $1500, although I read from some gold bears that $1200 is possible. I don't care, just as long as I am ahead on the deal.
DeleteThanks for the lead, I will not hold you responsible if DUST sucks eggs, this opinion is one that I share and have believed in for awhile now. And NO. You don't get a piece of the action when I cash in.
Of course you knew that...
Fredd, No finder's fee required. Good luck.
DeletePS - Gold 1200? Anything is possible. The S&P will have to do some serious rallying for that to happen. One of the guys with a good track record is calling for S&P 1700. Not in a straight line of course. That sounds more like Gold 1400. I'm having a hard time seeing 1200. Let's revisit in a couple months. I'll pass along what seems important in the meantime.
DeleteFredd, The "hot hand" pro says gold needs to make a new low before it can rally successfully. That low is probably low 1500's. Gold will rally at some point. If even a relief rally. I'm holding onto the Dust for now.
Deletebtw - NUGT is the triple Bullish bet.
Indeed, it does say it all. As if we didn't already know it.
ReplyDeleteIt seems so obvious doesn't it?
DeleteIf ONLY some Republican could speak to these things..Romney should have, but....
ReplyDeleteExcellent post, Kid..yes, this says it all.
Z, The repubs are more than wiling to try to appease the losers and morons (democrats) to try to remain in position or gain power.
DeleteI do my fair share of complaining - now. I never used to complain.
ReplyDeleteI still would rather live here in America than anywhere else on earth!
AOW, If these idiots would only live in Any other country for a while.
DeleteTIME TO TAKE OUR COUNTRY BACK!!!
ReplyDeleteGREAT OUTLINE ON THE "STUFF" GOING ON HERE!
CAROL-CS
Carol-CS. I wish. I don't see anyone on the horizon. The repubs don't have a chance and even if they did, No one has ever turned anything back.
ReplyDeleteSeems like the takers will dominate the world, but that sure leaves the makers in a mess at least until their stuff runs out. Socialism ones works until there is nothing left to redistribute----the old USSR found that out, but it sure took a long time.
ReplyDeleteRon, yea exactly. The eurozone, agenda 21, the climate change BS. All designed for the loser parasite countries to live a little longer feeding off of a new host, the USA.
DeleteKid,
ReplyDelete"loser parasite countries"
Yes and they are composed of LOSER PARASITE PEOPLE, AKA Liberals. Sadly, the "new host" has joined their ranks , therefore, the "feeding" time will be brought to an end even sooner. Liberals suck, B.O. sucks!!!!!
JonBerg, Did you see where Greece is maybe going to TAX Bank Deposits ! hahahaa
DeleteLove this post. I am needing to borrow this
ReplyDeleteLisa, It's all yours baby. As is anything I put out.
Delete