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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

1 In 4 Millennials Rely On Their Parents To Pay Some Bills - Even While Working Full Time

Courtesy of ZeroHedge. View original post here.

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"The House Always Wins": These Funds Made A Killing As Bitcoin Plunged

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Volatility, neutral exposure and market making can still pay - at least for crypto hedge funds.

Despite the fact that cryptos have collapsed across the board so far in 2018, one investing axiom still holds true to this day: the house always wins. Those who have been making a market, keeping neutral net exposure and benefiting from exotic methods of trading cryptocurrencies have continued to have a positive year this year despite the fact that a lot of the underlying cryptocurrency assets have had a terrible year.

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#DeleteFacebook is still feeding the beast - but there are ways to overcome surveillance capitalism

 

#DeleteFacebook is still feeding the beast – but there are ways to overcome surveillance capitalism

Not creepy at all. antb / Shutterstock.com

Courtesy of Yuwei Lin, University of Stirling

In the wake of the Cambridge Analytica scandal, many people are questioning whether or not to delete their Facebook accounts. It’s not the first time this has happened. I can’t recall how many times I have seen calls to boycott Facebook – on Facebook – ever since I started using the social media platform.

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The S&P tagged channel resistance and while today's reversal off resistance didn't amount to a big percentage loss it did register as a distribution day. There wasn't any significant technical change so if this short does evolve it will do so with risk measured on a move above 2,717.


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Bear with me as I share a bit of my history that helped me create SkyVu and the Battle Bears games. The University of Nebraska gave me my first job after college. I mostly pushed TV carts around, edited videos for professors or the occasional speaker event. One day, Warren Buffet came to campus to speak to the College of Business. I didn’t think much of this speech at the time but I saved it for some reason. 15 years later, as a founder of my own company, I watch and listen to this particular speech every year to remind myself of the fundamentals and values Mr. Buffett looks for. He’s addressing business students at his alma mater, so I think his style here is a bit more ‘close to home’ than in his other speeches. Hopefully many of you find great value in this video like I have. Sorry for the VHS...



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The Stock Bull Market Stops Here!

 

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The definition of a bull market or bull trends widely vary. One of the more common criteria for bull markets is determined by the asset being above or below its 200 day moving average.

In my humble opinion, each index above remains in a bull trend, as triple support (200-day moving averages, 2-year rising support lines, and February lows) are still in play ...



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Cambridge Analytica and the 2016 Election: What you need to know (updated)

 

"If you want to fundamentally reshape society, you first have to break it." ~ Christopher Wylie

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The tricks propagandists use to beat science

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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. 

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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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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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