Option Wizard®
Tuesday, February 23, 2021
Building a Bitcoin Prison – Catherine Austin Fitts | Greg Hunter’s USAWatchdog
Thursday, January 28, 2021
Old Money
Wednesday, January 20, 2021
Fed Will Drive Gold to New All-Time Highs in 2021 – Craig Hemke | Greg Hunter’s USAWatchdog
Hemke says yield curve control by the Fed will cap interest rates, but the money printing and inflation will have to rise dramatically. This is why Hemke is predicting, “By the end of 2021, gold will be $2,300 per ounce and silver will be around $45 per ounce.”
Monday, January 11, 2021
The Jesse Livermore "System" -- apparently not a system at all
Tuesday, December 29, 2020
When systems die: The Rise and Fall Richard Dennis
Salient notes:When his experiment ended five years later, his Turtles reportedly had earned an aggregate profit of $175 million.[6] The exact system taught to the Turtles by Dennis has been published in at least two books and can be back-tested to check its performance in recent years. The result of such back-test shows a drastic drop in performance after 1986, and even a flat performance from 1996 to 2009.[7] However, a number of turtles (e.g., Jerry Parker of Chesapeake Capital, Liz Cheval of EMC, Paul Rabar of Rabar Market Research, Tom Shanks of Hawksbill Capital Management, Howard Seidler of Saxon Investment Corporation, Jim DiMaria of JPD Enterprises, Inc.) began and continued careers as successful commodity trading managers, using techniques similar, but not identical, to the Turtle System.
Dennis managed pools of capital for others in the markets for a while, but withdrew from such management in the spring of 1988 after his clients suffered heavy losses. In the Black Monday stock market crash of 1987, he reportedly lost $10 million,[8] with a total of $50 million reportedly lost in 1987–1988.[2] In 1990 his firm settled investor complaints of his failure to follow his own rules, for over $2.5 million, without admitting or denying any wrongdoing.[9] He also managed funds for some time in the mid and late 1990s, closing these operations after losses in the summer of 2000.
The trader conundrum: your system can go stone cold dead, and/or you can stop following your own system, for a number of reasons.
Tuesday, December 1, 2020
Saturday, November 14, 2020
Here’s Where VIX is Going - Option Pit
I think we could see a 18-19 VIX by Thanksgiving.
There is potential, that if things calm down and we get more clarity in covid we could have a sub 15 VIX before December expiration.
This is the most bearish volatility the VIX has been in 9 months