I no longer have faith in the VIX index... there is another volatility derived index I have seen but can't remember right now, I'll try to find the name.
i have not "invested" in silver and gold...i have chose the metals side...metals are not an investment, it is declared war against the paper pushers...we will lose many battles, but the war will be ours...
Adam...VIX options don't track the VIX too well. It moves to track the probabilities of where the VIX will be on its expiration Wednesday. Trading as far out as October won't do much for you if the market falls out of bed and the VIX spikes to 30 in July. If you go to the CBOE website you might be able to find some useful bits there about how to trade it. I saw something from Dan Sheridan there the other day.
Here's my experience from Money Magazines worst city in America, Rockford, Illinois... went on my once-a-month buy at the city's only coin shop, asked the lady the same thing I always ask, "Are people buying or selling." She said buying and pulled out the selection. One Eagle. One. That's the selection. So i had her get out the junk can with the fifty cent pieces in it and bought some of them. I don't have a huge statement, that's just my experience here, for what it's worth.
SGS: I have been lurking for a couple months and really enjoy reading your blog.
I had an interesting drunken conversation with a JPMorgan "Financial Advisor" the other night. She had no idea what I was talking about when I asked her about their naked silver position, but promised to look into it for me. To my surprise she actually did call me to say she spoke with her Senior JPM Analyst who claimed that Max Keiser's info is completely not true and they do not have such a position on their books... Is there any way to verify this info either way?? Keep up the good work :)
Marzipan: I can assure you any top level advisor has been told to shut his fucking mouth. In fact, I bet only a hand full of people know about the cluster fuck they are in. Its hush hush.
You didnt seriously think they would call back saying, " Ya we are fucked, we are 300 billion ounces short, the comex is currently in defacto default, and we are putting the entire financial system at risk" did u?
Lol... I didn't even expect her to look into it or call me back but was curious what their response would be. Even if they don't have this position I still believe in the fundamental reasons for owning physical. I was just asking if there was any way to verify the info ;)
Is anyone going long the VIX? I'm thinking of buying some October calls. Thoughts?
ReplyDeleteAnd by the way...FIRST!
I no longer have faith in the VIX index... there is another volatility derived index I have seen but can't remember right now, I'll try to find the name.
ReplyDeletei have not "invested" in silver and gold...i have chose the metals side...metals are not an investment, it is declared war against the paper pushers...we will lose many battles, but the war will be ours...
ReplyDeleteAdam...VIX options don't track the VIX too well. It moves to track the probabilities of where the VIX will be on its expiration Wednesday. Trading as far out as October won't do much for you if the market falls out of bed and the VIX spikes to 30 in July. If you go to the CBOE website you might be able to find some useful bits there about how to trade it. I saw something from Dan Sheridan there the other day.
ReplyDelete@Jeff and @whatever
ReplyDeleteThanks for the comments on the VIX.
Here's my experience from Money Magazines worst city in America, Rockford, Illinois... went on my once-a-month buy at the city's only coin shop, asked the lady the same thing I always ask, "Are people buying or selling." She said buying and pulled out the selection. One Eagle. One. That's the selection. So i had her get out the junk can with the fifty cent pieces in it and bought some of them. I don't have a huge statement, that's just my experience here, for what it's worth.
ReplyDeleteSGS: I have been lurking for a couple months and really enjoy reading your blog.
ReplyDeleteI had an interesting drunken conversation with a JPMorgan "Financial Advisor" the other night. She had no idea what I was talking about when I asked her about their naked silver position, but promised to look into it for me. To my surprise she actually did call me to say she spoke with her Senior JPM Analyst who claimed that Max Keiser's info is completely not true and they do not have such a position on their books... Is there any way to verify this info either way?? Keep up the good work :)
Marzipan: I can assure you any top level advisor has been told to shut his fucking mouth. In fact, I bet only a hand full of people know about the cluster fuck they are in. Its hush hush.
ReplyDeleteYou didnt seriously think they would call back saying, " Ya we are fucked, we are 300 billion ounces short, the comex is currently in defacto default, and we are putting the entire financial system at risk" did u?
Lol... I didn't even expect her to look into it or call me back but was curious what their response would be. Even if they don't have this position I still believe in the fundamental reasons for owning physical. I was just asking if there was any way to verify the info ;)
ReplyDelete