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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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Zero Hedge

Auto Loan Bubble Bursting, And Lenders Know Where Your Car Is At All Times

Courtesy of ZeroHedge. View original post here.

The story of the Car Loan subprime lending epidemic is nothing new (one of many, student loans etc). Zerohedge has been writing about it for years, with the financial MSM catching on not too long ago. Even John Oliver had a segment about it on his popular show, Last Week Tonight. The new subprime lending epidemic, in the $1.1 Trillion market, which the experts tell us is contianed and won't have the same effect as in the previous crisis, is where all it takes to buy a car at a dealership is the ability to fog a mirror. Cracks have been rearing their heads over the last few month...



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Beware These Dangerous Words

By The Sovereign Investor. Originally published at ValueWalk.

In late 2005, I found myself sitting in a ballroom at Las Vegas’ Bellagio for an extraordinary press conference.

Executives from MGM Resorts were pulling the wraps off Las Vegas’ CityCenter. It was to be a huge project, they said, with three hotels, a casino and 1,000 condos on 66 acres just off the Las Vegas Strip.

I was on the edge of my chair. As someone who studies market history, I knew that every boom has its moment of hubris and overconfidence.

geralt / PixabayAmerica

That...



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French Elections: Another "Unthinkable" Result Coming Up?

Courtesy of Mish.

Recent PresiTrack Polls for French national elections show eurosceptic Marine le Pen is not only in the lead for round one, but she has significantly closed the gap in round two as well.

Round One French Presidential Election

Round One Five Key Points

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Round Two Macron vs. Le Pen

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News You Can Use From Phil's Stock World

 

Financial Markets and Economy

U.S. Stocks Rise With Dollar as Commodities Climb: Markets Wrap (Bloomberg)

U.S. stocks rose to records as commodities from copper to crude surged and retailer results topped estimates. The dollar resumed its advance amid fresh signs global growth has started to accelerate.

Dollar rises after Fed comments; euro weakens (Market Watch)

The dollar gained against its rival currencies Tuesday, as comments from a Federal Reserve official drove up U.S. Treasury yields in Asia, along with demand for the U.S. currency.

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Wal-Mart; Bull Flag Breakout In Play?

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Retail stocks don’t have much to brag about over the past couple of years. Is this trend about to change, at least for Wal-Mart (WMT)?

Below looks at a chart of WMT over the past decade. As you can see, since the highs in early 2015, WMT has created a series of lower highs.

CLICK ON CHART TO ENLARGE

WMT has struggled to make upside headway inside of the falling channel highlighted above...



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RTT browsing latest..

Courtesy of Read the Ticker.

Please review a collection of WWW browsing results.



Date Found: Wednesday, 13 July 2016, 03:17:09 PM

Click for popup. Clear your browser cache if image is not showing.
Comment: .."But, investors truly wonder if the moves are sustainable. As we have stressed, the valuation on Utilities looks stretched..."... RTT: No kidding!!



Date Found: Monday, 18 July 2016, 03:28:53 AM

Click for popup. Clear your browser cache if image is not showing.
Comment: Catherine Austin Fitts-The Debt Game Is Over youtu.be/feW-iDhkoiA



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OpTrader

Swing trading portfolio - week of February 20th, 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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How to Use, Trade, Store and Invest in Bitcoin Digital Assets - Step by Step, Part 1

By Reggie Middleton

(Originally published on Zero Hedge)

I will teach novices and experts alike how to fit Bitcoin into an investment portfolio safely and with the optimum risk-adjusted potential - along with step-by-step guides, instructions and tutorials.

This first part of the series starts with the basics, obtaining and managing your bitcoin.

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First off, we need to know what Bitcoin is since most media pundits and even experienced financial types truly do not know. Bitcoin (capital "B") is a protocol driven network (very similar to that other popular protocol-based network, the Internet). This network is a blank tapestry upon which smart and creative actors can paint a cornucopia of applications (just like applicat...



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Save Your Relationship?

Courtesy of Nattering Naybob.

Once again it's "in the Toilet Thursday" or "Thursday's in the Loo".

Our last episode How to Poop At Work? answered the question, what to do when your at a big fancy pants meeting, when out of nowhere, you need to download a brown load?

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NSA May Be Withholding Intel from President Trump

By Jean Luc

These GOP guys were so worried about Hillary's email server and now we find out that we had something close to a Russian mole in the White House. In the meantime, Trump keeps on using his unsecured phone, had high level conversation in his resort in front of dinner guests! It's getting so bad that rumors are now circulating that the NSA is not sharing information with the WH:

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Promotions

Phil's Stock World's Las Vegas Conference!

Learn option strategies and how to be the house and not the gambler. That's especially apropos since we'll be in Vegas....

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:  9:30 to 10:00 am Sunday morning

Location: Caesars Palace in Las Vegas

Notes

Caesars has offered us rooms for $189 on Saturday night and $129 for Sunday night but rooms are limited at that price.

So, if you are planning on being in Vegas (Highly Recommended!), please sign up as soon as possible by sending...



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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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All About Trends

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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