The bull market continues

The stock markets are on fire and gold is getting crushed $26 as I write this.

Thankfully I have my hedges in place.

Each row represents a position in my portfolio.  Enough said eh?

Let's see what happens in the upcoming months, it will be a *very* interesting year for certain.

Positions for May

Well well well it's nearing end of May!  The stock market is still close to an all time high.  And I've loaded up on Sept 2014, Dec 2015 and June 2016 calls.  By year end I'm anticipating SPY to be at 230.  Current level 1892.49. If that happens I'm probably going to disappear for a while and take a break from this madness. Or I might not.  I just thank God that the market looks like it's going to go up wild from here.  Gold and Silver, forget it for now, ain't gonna have any fast moves anytime soon.  But we'll see what happens, I'm just gonna take it slow for now, I've already loaded up and ready to go.  You know if you asked me in 2010 what would be the situation now I would have said the market's gone kaput.  But here we are in 2014 and still going strong.  Shows what I know.  Gold at $5000 wouldn't be good for anyone, nor Silver at $100.  Let's hope it never gets to that.  But I've learnt so much these few years, that is never get attached to anything if you want to get wealthy.  Let the newsletter writers preach to the blind.  Meanwhile, it's time to get wealthy and party on.  The Flying Phuc factor... the markets don't give a damn about what you think or I think, it will do what it wants.  Price action really is the only thing that matters.  Seriously, unless you want to lose everything.  I have been so wrong these past few years, but I could make it all up by the end of this year!

A day in May

So it's May!  Wow.  And I'm still here.  Well hopefully I'll be outta here by the end of the year, where ever that might be.  In the world of metals, silver and gold aren't looking too promising at the moment.  In a surprise turn of events I'm long the stock market, looking to make possibly quite a bit by year's end.  I know, this is not logical, but the stock market looks like it's going to go up, way up.  We'll see.  I sure ain't gonna sell my gold and silver, but probably hedge it instead in case of further drops.  Such is today's situation, where idealism doesn't work, instead I have to deal with reality, which is what the market is teaching me right now.  Gold and silver looks like they aren't going to make new highs anytime soon.  If I have to guess I would say 2016 or 2017?  Yeah, it's gonna take a while, so we'll see how long the gold bugs last.  Gosh hearing them is like a cult I've just realised.  Only took me a while to listen to reality.  Investing in idealism will lose you money, never forget that.