JaiH's Blog : Following DiviMO in the Gold Sector

I spewed on Mage's bored that gold "might" actually git mo expensive as it gits cheaper! :o Keep trackin da HUI/POG ratio. Yestermaday mit the HUI gold pig index at 605 n the Price Ov Gold at 1900 the ratio stood purty much wherst it stands at da close taday. Ov course gold is only down a pittance compared to what I gots in store fer it *-) Ifn the gold stocks as measured by the HUI goldpig index holds up better than physimacal gold does....gold will actually git mo expensive as it gits cheaper...as measured by the ratio. *-) You played gold as poorly as I have EVER seen NE1 play it BTW...buying "protecktion" insted of makin bank? Absurd...but thaaas what the "clueless" do >>> wear a condom. :-) 3J

Looks like you are the only clueless person here. Look at DiviMO. how he is helping people pick up a good strategy. What are you doing, just farting around talking nonsense.

LOL GOOG, you had a bad day by the tone ov yer spew. Get used to it, goldbug. You'll be a GOOG lesson fer everyone. Trust me, you'll panic out ov yer goldpig stocks tamarrah heeeya in funnymoney. I toldja this funnymuny sheeeyit wuz haaaard. "Luckily" fer you all ya gotsta do is push a few buttons in funnymuny. In real $$$ trading you simply hold yer loses on yer $30000 purchases till you are down $20000...and then you buy anudder $40000 werth ov stock...jist "in case" the play is going bankrupt...like BLTI "almost" did LOL 3J

GooGoo GaaGaa? :-) Doan werry, GeeGee is jist tyyyyrd from last nite's festivities. The 3J army really wore her out. We partied like it twas 1999 on Dumm$$$'s cashola. She said he wuz hangin with sum geek who wuz tryin ta git in her pants, so she hadta git away fer a spell. Not sho who she wuz tawkin bout. :-) Git you sum McDoog's! I hear it payz a nice divvie! *-) 3J

Gold dropped 3.39% again, and my gold portfolio is down 1.13%, essentially 1/3 the volatity of Gold. My puts are getting close to being in the money, if Gold drops more, I should be net short on Gold. According to this months figures the ETF pays 24% dividend, so have to live with some volatilty to earn a decent rate of return.

GOOG werk, I see you are trying to prove to da Wiz that you really CAN dramatically unnerperform the SPX ifn ya jist put yer mind to it. And fer the fokes without minds >>> Jist buy EXTREME tops like Mr Bs did wit da gold seckter *-) Noooow, Les sscheck our "ratios" >>> HUI/POG. The HUI goldpig index closed at 571...well off the 561 low but thaaas >>> "OK"...that low goes bye bye tamarrah *-) Physimacal gold now trading at 1747 in AH...but Les use the closing numba >>> 1749. Sooo, the ratio stands at 32.65%?!! :o Why...why thaaas higher than it twas yestermaday! Gold n goldpig stocks actually got a tad mo expensive taday! Shouldn you be >>> Buying the pullback? :-) 3J

Made over 0.80% today, so recovered yesterdays losses. I think I am optimally positioned for tomorrow, whether gold moves up or down. The portfolio does not make a big up move with all these options hanging around to reduce volatility and generate income.

Black Fri fer gold n gold playz tamarrah. :-) 3J

Do I look worried I got 15 puts of GLD.

That "might" cover da losses you will incur on da gold stocks ya bot. I "almost" wish ya hadn't told me you wuz still holding the GLD putskis. :-) BTW, ya need ta buy McDoog's >>> MCD ...cuz o'the divvie *-) 3J

Listen idiot, just get lost. You don't have a clue about investing. All you doing is gambling. Mo is teaching you how to invest, why don't you pay some attention.

Easy, Tonto, ifn yer "nice" I "might" even give you a chance to "rethink" yer NOK call. DizziMo is simply pointing out what everybody "knows" >>> Divvie playz are GOOG! Which ov course means they suck. :-) I jist "hope" sumbody doan "fat fanger" NeLY....unless thur wearin a condom *-) 3J

BTW, so fer I "only" banked a $280 dollah gain on one o'me gold trades. ...a sale ov the lowest priced 300 shares ov DZZ I bot....but I didn "expect" em to raise margerine requirements until taday :-) I "promise" to keep you updated at this very bored with the entire windup as you watch my "golden" fury unfold befo yer very eyez...and deep into the heart ov yer "ever shrinking" real $$$ portfolio *-) 3J

You had GLD 162 puts, which ended up worthless. That is what will happen to your 165 puts, unless you get lucky. Luck only works once a while. 75% of options end up worthless. So you will never make money at the end of the year. You are just wasting your time. Stocks go up, they go down, you have to learn to manage your risk while making a profit.

Werthless fer AUG expiry, you can't win em all >>> :-( This time I got smart, unlike wit my CROX o'sheeyit trade. I rolled em ova into Sept expiry 'before" I took the loss. Therefore, I git to write off da loss AND da chachingo. You "might" wanna file this spew away fer future reference so that whenst you crapitulate on yer gold trades you doan buy back within 30 daze. By my 'guesstimation" you are gonna lose a minimum ov 30% ov yer bankroll. Ifn you buy back as I am selling out of my positions....you will need a 30% gain jist to git even on yer trade. Oh yeah, thaaas right, yer werkin out ova retirement acount. I'd be keerful ifn I wuz you cuz you are gonna find that fokes heeeya in the U.S. won't be able to rely on da govmint fer thur retirement. Whenst you are broke at age 65....I wouldn wanna see the same thang happen to you up thur in Canada, Canuck. :-) 3J

I jist got back from Kitco.bomb. I like the fellah that came on afta da Nadler guy. He wuz intermaviewd on Aug 22 and altho he wuz at least "acknowledging" the possibility ova correction in gold, he figgers fokes will be >>> "buyin da pulback" so it ainn gonna be so steep. Thaaas why I'ze glad yer heeeya. I can't WAIT fo the day whenst you say >>> "buy the pullback" LOL BTW, all these ex-spurts (gold permabulls) were getting Mighty Mo cautious as gold crossed $1900 dollahs. Even Deniis Gartman sed he "wished" he had sold 150% ov his gold position insted of only 30%. Gartman got his followers absotootimussly deeeestroyed as badly as Peter Schiff did in 2008. Basically you had the permabulls telling you that even they weren't gonna be thur to support yer buying habits...yet you STILL stepped up. Do you see why I say you trade like an idiot? :-) 3J

My Gold portfolio has a net gain of 1149 dollars so far, even though I bought at the top. I am always hedged so price does not matter. All I am interested is in collecting option premiums, get it.

LOL Uhhhhmmm, eeeyeah....oooooh kaaaay. Oh yeah, thaaas right...I did mention to Bullski that you bot GeeGee on Mon at $45 dollahs...a fool $9 dollahs below the "actual" trading price. "Must be" nice! BTW, again, you "might" wanna ssscheck "previous" spews ov yers "befo" ya spew mo BS. Ifn you were down 1.5% on Tue only becuz yer hedge chort helped you out...it means you are "predominantly" long gold plays anna yer hedge position couldn't prevent yer losses, even tho yer hedge position is a leveredged one >> a putski opshun on GLD. Otherwise you woulda bin up on the day. Wed wuzn't much butter...anna to be honest witcha I am quite sooprised you didn crapitulate on the open taday. Like I sed ba ba bafo...the ONLY time you seem to hold a trade is whenst you made a $40000 inbestment and it becomes werth $15000 in 2 weeks or less cuz it "looks like" bankruptcy is imminent. Then you quadruple down! LOL You were outta BLTI like sheeeyit thru a goose whenst you decided to buy the recent rallies...that failed. It's actually purty hilarious that you still sssthink you kin BS everybody...even tho I prooved without any doubt you are FOS whenst you wuz trading BLTI...nice try tho. Like you told "that other game participant" >>> It's "OK" to get yerass kicked n be wrong...thur ARE lemmings in the market too. Not everybody is a winner and bagholders (like yerself n da MoBro's) serve thur poipose *-) BTW, I watched a few mo video clips ova at Kitco cuz I enjoy lissenin to what complete idiots are saying. The fellah you remind me ov most is Jim Wycoff :-) Anyhoo, the GOOG news is that I will be tracking you very keerfully ann you will have every opportunity to sssplain yerself as I completely crush you. I certainly "hope" you doan hide from the trooth like evrybudy else around heeeya. *-) 3J

How much have you lost on GLD puts so far, come clean.

I'm actually ahed on my late Sept 165's...I also gots Sept 17's at the 150 strike which I paid .63 centavos fer...10 ovem *-) Currently I am up appx $500 dollahs overall on GLD putskis that are open....but I lost $500+ dollahs whenst my Aug GLD's went out. I actually have mo inbested in NGD putskis fer the Sept expiry at the $11 n $12 dollah strike than I do in GLD. NGD will see a minimum ov 9.30 in 5 trading daze..."probly" 2 trading daze actually ifn tamarrah is Black Fri fer da goldbugs. *-) 3J

Oh, in fool disclosure, here are my remaining buy points in DZZ basides. I started increasing the number ov shares I bot to 300 whenst it hit 5.61 and lower. My lowest buy wuz 3.88 anna I sold it yestermaday at 4.85. So I have these left >>> 4.33, 4.67, 5.18, 5.61....plus I also have buys at 6.44, 6.74, n 7.04. I will be taking DZZ thru 7.04 on this purrtickler move *-) 3J

Yeah right, cut your losses instead of doubling down. Or better still follow DiviMo and learn some risk management.

Big diffrunce betwixt me n you clowns. I "know" the trooth...yuns guyz are only "guessin" *-) I'll even tell you right cheeya right now that chances are better than GOOG that DZZ trades to foist majer ray-ziss-tance at 8.06 befo I'm thru. The numbas rule....you saw what happend to the MoBros whenst they tried to figger out DNDN based on funnymentals. They wuz wrong...the market wuzz wrong....the market is wrong 90% o'the time ...butt! "the" market ALWAYS knows the trooth. I AM >>> The trooth! ...ann I'm abouts ta proove it to ya, goldbug. Whenst I'm done...you lemme know ifn ya want a "highly collectible" >>>"I tussled with 3J ann got my azz kicked...again!" T-shirt...ya hear? *-) 3J

Well, the goldpig stocks are droppin but physical gold is hangin in thur. You "had better" start rooting against yerself :-) 3J

Made about 0.40% today. The gold stocks did not perform as well as Gold. Sold 5 puts and kept 10, so I am net long now. Sold some gold to buy energy stocks, just a little bit. Sold some Gold covered calls. It was not a bright idea, may have to roll them.

1) You bot additional putskis too errrly...I posted the GLD n DZZ targuts ann wuz spot ded on.

2) You compounded yer Miss Take by selling yer muny maker

3) You further compounded yer Miss Take cuz you will be forced to buy mo gold at what I am sho will be too high ova price

Now you jist git pounded :-) 3J

I sold some covered calls, that is the same as shorting GLD. So I don't need as many puts. Puts you pay for them, Covered calls they pay you for shorting, that is better. I got my costs for puts back, now I am shorting for free.

Otay, gotcha...but yer limited to the income you made insted ov the chachingo ya "coulda" made...no? You DO realize that GLD is going to $150 dollahs...I "hope" :o 3J

3J wrote but yer limited to the income you made insted ov the chachingo ya "coulda" made...no?

Yes you are right. I got 10 puts if there is a deep correction. There is some additional risks, but I am trying to make a few dollars. These DiviMo's ideas you gotta work hard to make dinner.

Didn't make much money today, the shorts covered the losses. Bought 20 GDX puts now that we have a sell signal on GLD. Paid too much for them so did not make any profit.

Made 0.52% gain on the gold portfolio today. The gains are low because of substantial losses on the short positions. Sold 7 GLD 169 puts and bought 10 GLD 160 puts. Bought 5 more GDX puts. Bought some XLE puts to protect the energy portfolio, even though XLE is showing a confirmed buy. Covered the GLD covered call for a loss. I don't want to sell my gold.