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  1. Phil

    Here's a couple from the vaults:

     

    GLD is the gold ETF and ABX is my favorite miner but they are way up from where I picked them.  To me the play on Gold is to look for $1,500 to $2,000, which is $150 to $200 on GLD so the 2010 $105s for $10.40 just to put away for safe-keeping or the 2010 $80s for $19.40, where you can sell the Nov $100s for $2.20 without worrying about the caller hurting you.  10 sales like that and you’ve got free calls…

     

     

    ABX/TC – I doubt it would get put to you at $20 and, if so, then say "Thank you sir may I have another."

     

     

    ABX is getting cheap again, investors are betting deflation, which may happen if the governement does nothing but Bernanke just said yesterday he will do whatever it takes and we know that Ben thinks what it takes is a deluge of dollars dropped on the market.

     

    ABX Nov $25 puts for $2.60 are a SELLSELLSELL as you end up with ABX at $22.50, which is 2005 lows when gold was $400 an ounce and oil was $60.  Their production costs at $100 oil was about $320 an ounce so they make more money per ounce now than the entire ounce of gold sold for in 2005!

     

     

    Gold – Don’t forget that owning ABX and GLD is a form of portfolio disaster protection and inflation protection.   ABX is very nice as you can sell against it while you wait but GLD 2010 $80s at $13.60 can go to $120 if gold goes to $2,000 and, if it doesn’t, you can sell the Nov $93 calls for $1.40 so it’s not a bad place to park 5% of your portfolio as massive meltdown protection.  You set a stop at a net loss of $7 and you are risking 2.5% against something that can be a 10 bagger when everything else in the world falls apart…

     

     

     

    GLD crazy cheap again at $76.61 – this is BS unwinding accompanied by China’s move to curb speculation but gold is still gold and now, in addition to the leaps, the Nov $77s at $5 are a nice gamble.  ABX is also great at $24, either to just own or to grab the Nov $25s at $2.88.

     

     

    ABX is so good down here at $24.40!   You can sell Dec $22.50s for $4.20 so in for net $20.20 with an 11% gain in 2 months if called away.  You can also just sell the current $22.50s for $1.65 as you can always roll them to Dec (the Jan $20 puts are already $1.82 so you’re looking at not getting it put to you until about $18).

     

     

    ABX at $20 is still a great deal.

     

     

    ABX at $18.25!  Gold back at $715.  This is one crazy mofo market.

     

     

    RYAAY under $20 is nice, CAL crazy low at $15.50, ABX is still a great way to by tons of gold and get a mining company for free at $18, GOOG held 5%, AAPL still at $92 and you can sell $85 puts for $5, that’s in at $80, VLO $15 puts are $2 but, frankly, you should be mad if you DON’T get to buy them at $15.  You may see these prices go lower on Monday or you may never see these prices again in your lifetime…

     

    Not everything went straight up (we had the 2nd crash in March, 2009) but those who had conviction with their positions did very well in the long-run, as do most people who buy and hold most stocks tend to do.  You can't make value plays with a day-traders' mentality – you're never going to be satisfied, or happy…



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ValueWalk

This Emerging Global Trend Just Hit The World's #2 Lithium Producer

By PiercePoints. Originally published at ValueWalk.

The “value added” craze has been sweeping the mining world. With governments from Zimbabwe to Indonesia calling for miners to upgrade copper, nickel, aluminum and platinum in-country — rather than exporting lower-value mineral concentrates.

And this week, the world’s second-largest lithium nation jumped on the bandwagon. Calling for increased processing of lithium in the country, and offering financial incentives for those who help.

By Dnn87 (Self-photographed) [GFDL or CC BY 3.0], ...

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"Trump Is Going To Fail" - Soros Speaks Live In Davos

Courtesy of ZeroHedge. View original post here.

In an breakout session, George Soros is again speaking in Davos, discussing items such as the fate of Europe, markets, regulation and of course, Trump, saying that he is convinced "Trump is going to fail" Here are the highlights so far:

  • SOROS: CONVINCED TRUMP WITH FAIL BECAUSE IDEAS CONTRADICTORY
  • SOROS: SAYS HAS CALLED TRUMP A CON MAN AND WOULD-BE DICTATOR
  • SOROS: TRUMP WILL DIVIDE AMERICA, HE OPPOSES THOSE WHO DISAGREE
  • SOROS: TRUMP IS GEARING UP FOR A TRADE WAR
  • SOROS: CAN'T PREDICT HOW TRUMP WILL ACT, TRUMP DOESN'T KNOW...


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Investment Bank Analysts Are Clueless and Incompetent (Video)

Courtesy of EconMatters

We discuss why Investment Bank Analysts should never be listened to regarding any stock recommendations from the buy or sell side perspective, they join the long list of incompetency that is anybody still working at an I-Bank these days. The XOM Stock Downgrade is just a little late, about a month behind the market!

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Oil, Snow and Saudi Billions: Secret Davos Gets Down to Business (Bloomberg)

Nothing sharpens the mind of Davos delegates more than the prospect of striking big deals -- and after a day of debating globalization and its discontents it was time to go for the biggest one of all.

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Oil recovered after the biggest drop in more than a week as industry data showed U.S. crude stockpiles declined, while OPEC and other producing nations trim output to ease a ...



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Will it be different this time for stocks and bonds?

Courtesy of Chris Kimble.

My mentor Sir John Templeton (founder of the Templeton Funds) used to share that the four most dangerous words in investing are; “It’s Different This Time!” 

Below looks at long term charts on the S&P 500 and the yield on the 10-year note (inverted to look like bond prices).

CLICK ON CHART TO ENLARGE

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NFL 2016 Playoffs Championship Sunday

Courtesy of Nattering Naybob.

Following up on our Divisional Playoff projections, all match up stats in Yards Per Attempt, provided by Pro Football Reference.  All times Eastern.

From our Wildcard Weekend projections...
As they are both hotter than a squirrel putting suntan oil on his nuts, keep your eyes on these dark horses...In the NFC, watch the GB Sausage Packers, the potential of facing Mr. Rodgers and his O-line has the DAL Pokes (aka Jerry's Kids) defensive coordinator sweatin like a priest at a preschool.In the AFC, watch the Three Ri...

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In the end, it was Theresa May and not Trump which saw the Russell 2000 cut through support and confirm the earlier 'bull trap'.  This change coincided with a 'sell' trigger in +DI/-DI. Only stochastics are hanging on to its 'buy' signal.


The S&P experienced heavier volume distribution, but there wasn't a big percentage loss, nor was there a break from the consolidation range

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Swing trading portfolio - week of January 16th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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China's Bitcoin Exchanges Suspend Margin Trading

Courtesy of Zero Hedge

China's bitcoin traders who use the most popular bitcoin exchange not only in China, but also the entire world, BTCChina, were met with an unexpected warning on Friday:

Starting from January 12th, 2017, BTCChina has suspended margin loan service. If you have any questions, please contact Customer Service: support@btcc.com.

BTCChina, which commands over 37% of global bitcoin trading...

... wasn't alone.

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Mapping The Market

If we try it enough, it will work.

Via Jean-Luc

Brownback wants Trump to emulate what he did in Kansas because it worked so well:

Sam Brownback Calls on Donald Trump to Mimic His Kansas Tax Plan

By RICHARD RUBIN and  WILL CONNORS

Sam Brownback, the Kansas governor whose tax cuts brought him political turmoil, recurring budget holes and sparse evidence of economic success, has a message for President-elect Donald Trump: Do what I did.

In 2013, Mr. Brownback set out to create a lean, business-friendly government in his state that other Republicans could replicate. He now faces a $350 million deficit when the Kansas legislature convenes in January and projections of a larger one in 2018. The state’s economy is flat and his party is fractured...

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I'm seeing huge insider buying in the biotech company The Medicines Company (MDCO). The price has already moved up around 7%, but these buys are significant, in the millions of dollars range. ~ Ilene

 

 

 

Insider transaction table and buying vs. selling graphic above from insidercow.com.

Chart below from Yahoo.com

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Promotions

Phil's Stock World's Las Vegas Conference!

 

Come join us for the Phil's Stock World's Conference in Las Vegas!

Date:  Sunday, Feb 12, 2017 and Monday Feb 13, 2017.            

Beginning Time:  8:00 am Sunday morning

Location: Caesar's Palace in Las Vegas

Notes

Caesar's has tentatively offered us rooms for $189 on Saturday night and $129 for Sunday night. However, we have to sign the contract ASAP. We need at least 10 people to pay me via Paypal or we may lose the best rate for the rooms. (Once we are guaranteed ten attendees, I will put up instructions to call the hotel for individual rooms.)

The more people who sign up,...



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Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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