My little investment world (sneak preview)

[morganman]

I continually bitch about the lousy price
action of the silver mkt, only because i own
several mil dollars worth and pissed its so cheap LOL

But here's the positive= As a astuit investor i have
learned over my 40+ yrs investing to protect
myself financially. That said i learned to use
protective stop loss orders and to Hedge my
positions/bets whether invested in physical
bullion, paper assets like commodities.stocks,
etc.

Today gold hits a 7 month low with silver losing
2.5 % to around $21.50 oz. Dollar strength and Feds
interest rate increase talk provise pressure on
bullion prices globally.

I have in place, commodity positions, shorting
futures & options, to cover my Long physical
metals positions in Gold, Silver, Platinum.
So as i lose equity in physical metals mkts i
gain equally in liquid paper assets /futures/options
which i intend to sell for cash profits when mkt
sends signals of grossly oversold. Take cash & run.

Great way to make cash money and at same time
use profits to buy more bullion on cheap and from
new found profits, (free money)Thats the way i
operate and its been a real winner, withot hanging
my ass out to dry LOL

I started very small & slow upon this approach
and grew more confident with each success, of
little risks compared to just doing one side of mkt
Its been so fun to profit from both sides of a mkt
I cant imagine doing investing any other way.
Learn from this grasshoppers LOL

[Longstrider]

I shall attempt to snatch the pebble from your hand.

[morganman]

A very fast follow up of my mkt actions !
Tonight silver dwn another 30 cents/oz making
about $1.30 lower since Fri. Talking with night
broker who says unusually quiet with lack of
many additional sellers, i've decided to take money
in profits off table and run. So i bailed out of my
short futures positions this pm & will look to sell
my options tomorrow if warrented.

Made a nice pile on futures short tonight and will
pile money into Platinum bullion tue am which
shows tonight around $885 oz, cheapest in months,
so plays into my buying plan beautifully. Making
big bucks, smiling, lends to plowing those free
bucks into physical platinum bullion, with a hold
mentality, expecting a run to $1400 or so, within
a yr or so. Fingers crossed

[morganman]

After selling silver contracts for huge profit
i decided to go long on gold Dec futures, buying
long from 1828.50 oz, a multi month low
A shit pot full of contracts & will put on trailing stop
loss orders in morning when mkt opens.
Seems like mkt has slowed/exhausted selling, so
we have chance to get short covering this over sold
condition. Placing stops fairly close so i wont lose
to bad if im wrong and stopped out. Designed as
a short time trade, so stops will dictate my actions

[morganman]

Overnight Gold trade update:
Exciting overnight- Woke up 5:am to find
im making 85k so far on my
newly placed Dec gold futures
positions
Usually a great sign when a trade goes green
so fast. Will put stops on all when mkt opens &
let her ride (profit stops) protection

Kinda like finding expensive vams in wild & cheap
LOL- Lock and loaded!!

[keilg1]

I'd love to head to Oregon again as it's been way too long since enjoying the mountains, rivers, trees and coast... oh, and to grab a chace to have a nice long coffee (or other beverage) and shoot the shit with ya...

Thanks, again, for sharing your insight and stories.

[morganman]

Wed night trade update: Sold my silver put options
today and couldnt find platinum bullion priced
decent enough to buy so bought futures long
at $881.50 which is around a one (1) yr low.
My dec gold futures went from making $125k
at their high to losing 10k at low to settle making
about 40k at close. Mkt jumping in forex night
trade, so back up showing just over 100k paper
profits, so i will hang on for the roller coaster.
My stops are placed, so no worrying there.

trading 100 dec 23 silver futures is quite a shit full
and for a seasoned well funded trader only!
The volatility is unreal from +125k to -10k & back
up to 100+ k tonight. Horrific up & downs, that
most small traders couldnt handle. guess that
sets me apart from the crowd and makes me a
hardened investor/risk on trader

Will update as we go along with this stuff

[morganman]

Bailed out of gold long positions with $95 k profit & reversed
same positions to short as mkt trending very weak on attempted rally's. Done this in night trade at $1939
This am= Thurs my short positions are making $115k so
i sold out - took money and ran. Over 200 k profit so platinum
dropped to $870 Found 100k of physical so got it at $895

What a wicked trading scenerio with no decent direction,
of which required nerves of steel and constant supervision
Im super happy to be out with lrge profits and will be on
sidelines until next time LOL

[morganman]

End week Fri Oct 6 th
Patience pays big dividends as my platinum
positions are gaining equity after hitting lows
several days, with Dec futures dropping below $900
to around $870, now hovering just below $900

Dec gold bottomed around $ 1826 & now is $1844
with silver bottoming under $21 & now up to $21.75

I think i may take the profits at close today on
my platinum, which will make a stellar trading week