The stock market has often been compared to a casino and stock trading to gambling. There is even a book called Trade Like A Bookie, by David Caplan. The big difference between trading and gambling is that a stock trader has much better control of risk than does a gambler. In the game of Black Jack or 21 you pretty much have to play every hand. You can’t stand to one side, count cards, and when the count is in your favor step in and play, the casino would soon ask you to leave. But that is exactly what I do with my trading system. I stand to one side, count cards-that is observe the market action, and when the count or market is in my favor I step up and make a trade. From back testing my trading strategy, the probability of a profit is 80-90%. In actual trading this trading strategy has been very consistent with 74% profitable trades. Hence the name of my trading manual The 74% Solution. By waiting until the market gives me an 80-90% probability of a profitable trade my risk is reduced considerably. Gambling this is not.
Most of the time I am out of the market, watching and waiting for the right opportunity. Originally I used this system as a stand alone trading strategy. Being out of the market most of the time, I soon realized I could maximize the use of my capital by using a part of my capital to invest in dividend paying value stocks. This gave me three streams of potential income; first, capital appreciation from the stocks I owned, second, dividend income from the stocks I owned and thirdly, trading income from the 74% solution system. To learn more go here.
NEWS and VEWS: At Rio Verde Trading
June 27: White House Appears to Be Planning Attack on Assad
Press Statement Lays Groundwork for US Attack by Jason Ditz at Antiwar.com, read here. I wonder if this is Trump’s response to Seymour Hersh’s recent article, Trumps Red Line, see link below; which makes Trump look like a damn fool, which he is of course. This is classic Trump tactic when attacked, counter attack with full force, intimate and marginalize the enemy. The big danger from all this is that Trump has painted himself into a corner; another false flag saran attack by Isis will force Trump’s hand. Isis would like nothing better than for the United States to take out Assad for them. To quote David Stockman “that jackass in the White House”.
June 27: Crude, Blood, Turmoil: Story of US First ‘Successful’ Overseas Regime Change By Sputnik News at LewRockwell.com, read here. For some reason American Presidents and Congress have declared the right to determine who and what government will rule over any country they wish. Some how I missed that part of the Constitution authorizing such authority. Never the less we have decided we must change the governments of Iran, Syria, North Korea, Cuba; we have already done a number on Iran, Libya, Ukraine, Iraq, Afghanistan, this is not a complete list.
June 26: ALERT: BIS And Mike Tyson Warnings Worrisome Here is what Peter Boockvar noted as the world awaits the next round of monetary madness: at KWN, read here.
June 26: Why the Fed Will Fail Once Again By James Rickards at The Daily Reckoning, read here. “It’s time to load up on Treasury notes, gold and cash and lighten up on stocks. The Fed may be the last to learn about deflation, but when they do, the policy response could be instantaneous and markets could suffer whiplash.
That’s what happens when zombies are on the loose.”
June 26: What New “Metals Are Money” Law Means for You From Birch Gold Group, read here.
June 26: Hersh: Intel Said No Sarin, Trump Attacked Anyway
Trump‘s Red Line by Seymour M. Hersh read here. “I guess it didn’t matter whether we elected Clinton or Trump.”
June 26: Who Tried to Kill Putin – Five Times?
Oliver Stone’s ‘The Putin Interviews’ (Part I) by Justin Raimondo at Antiwar.com, read here.
June 25: Silver And The Biggest Asset Inflation In History by John Embry at KWN, read here. “The poor price action is driving away many investors, but when this inevitably reverses, the price explosion in gold and silver will exceed the expectations of virtually everyone. So all I can say is be patient because reality always returns, and when it does you better be positioned in the right assets.”
June 24: Harry Markopolos audio interview at KWN, listen here. Madoff Whistleblower Harry Markopolos Warns A Wild Card Will Hurtle The World Into The 2nd Great Depression
June 23: This Dip in Silver Was Completely Predictable—and Is About to End by Jeff Clark at GoldSilver.com, read here.
June 23: How Much Gold Do Americans Really Own? By James Ledbetter at Market Slant, read here. To complicate the issue, I strongly suspect most Americans will not admit how much gold and silver they own. I know I wouldn’t, and I would only buy gold or silver in small quantities for cash, using a fictitious name to avoid a paper trail. It is no one’s damn business, especially the government’s, how much gold and silver I may or may not own. In addition a lot of Americans are storing their gold and silver out side the country and outside the banking system and therefore unreportable; the smart ones are anyway.
June 23: How To Fight For Peace By Ron Paul at LewRockwell.com, read here. “until we make government smaller, we’re not going to have peace.” What if we had a war and nobody came?
June 23: The Everything Bubble Is About To Create Skyrocketing Gold Prices By Ronald-Peter Stoeferle, Incrementum AG Liechtenstein at KWN, read here.
June 22: Buying Gold is the Important First Step to “Freedom Insurance” by Nick Giambruno at Commodity Trade Mantra, read here.
June 21: Silver seems to be Coiling Back now for a Big Leap-Up soon at Commodity Trade Mantra, read here.
June 21: Don’t Worry, Gold Prices Will Soar – These 7 Worrisome Signs Will Ensure It by Stephen McBride at Commodity Trade Mantra, read here.
“Since late 2015, the yellow metal has outperformed the S&P 500 by 30%.
Placing 5%–10% of your assets in bullion adds a crisis-nullifier to your portfolio… and the current setup certainly lends itself to it.”
June 21: Our Rush to War in Syria
It’s a disaster in the making, by Justin Raimondo at Antiwar.com, read here. “Here is yet another crisis that has been caused and ratcheted up by our alleged “allies,” who have succeeded in getting the US to front for their interests. As for American interests, they don’t come into the equation. So much for “America first.”
June 21: Another Step Toward Devastating War By Paul Craig Roberts at LeweRockwell.com, read here.
June 20: How To Think About Vladimir Putin by Christopher Caldwell at Imprimis, read here.
June 20: After the ISIS War, a US-Russia Collision? by Patrick J. Buchanan at Antiwar.com, read here.
June 20: Trump Turns Back the Clock With Cold War Cuba U-Turn by Ron Paul, read here.
June 19: Hodgkinson’s Disease: Politics and Paranoia in the Age of Trump
A would-be assassin was incited and validated by the media and the Democratic leadership by Justin Raimondo at Antiwar.com, read here.
June 19: The Little Putsch That Could….Beget a Great Big Coup By David Stockman at LewRockwell.com, read here. I hate to say this but I told you so; this is a quote from my blog of November 5, 2016. “The military industrial complex, also known as the deep state, have such complete control that any potential reformers are bought off, marginalized or eliminated, they shot Kennedy didn’t they?” NTM
June 19: Violence Abroad Leads to Violence at Home by Jacob G. Hornberger at The Future of Freedom Foundation, read here.
June 18: Greyerz – Western Governments Moving To Enslave People And Steal Assets Ahead Of Global Collapse And Skyrocketing Gold by Egon von Greyerz at KWN, read here. “The manipulation of gold has made it possible for many investors to buy gold at extremely favorable prices just as the Chinese and the Indians are doing continuously. But when the next upleg starts, there will be no physical gold available anywhere near current prices. Gold will go “NO OFFER,” which means that sellers of gold will not be offering it at any price. So for anyone who is not fully protected, now is the moment to acquire wealth protection insurance in the form of gold.”
June 17: My Hometown Is Gone. By loretta the prole, read here. A look at post Christian America; the muslims are coming, as refuges.
June 17: RED ALERT Amerigeddon Economic Collapse Will be on July 1, 2017 – MARC FABER Warning! Video podcast at LewRockwell.com, watch here.
June 17: John Embry: Chief Investment Strategist for Sprott Gold & Precious Minerals Fund audio interview at KWN listen here.
June 17: A Long History of Leftist Hatred By Patrick J. Buchanan at LewRockwell.com, read here. Buchanan makes an excellent point, however he does not mention the history of state sponsored hatred and mayhem; where do I start, well in my life time there is Korea, Vietnam, Panama, most of central America, Iraq, Afghanistan, Ukraine, Libya, Syria, Yemen… NTM
June 16: Orange Is the New Black (Swan) by David Stockman at The Daily Reckoning, read here. Be afraid, be very afraid!
June 16: There Will Be Blood: the Alexandria Shooting and Civil War in America by Kurt Nimmo at Another Day In The Empire, read here.
June 16: Barbarians at the Gate By Mike Holmes at LewRockwell.com, read here. What goes around, comes around. What’s good for the goose is good for the gander.
June 16: Qatar – The Mouse That Roared By Eric Margolis at LewRockwell.com, read here.
June 16: Derangement and Danger on the Potomac by David Stockman at Antiwar.com, read here.
June 16: Forget the Russian ‘Threat’: Mexico Is Our Real Problem
The cartels control our southern neighbor by Justin Raimondo at Antiwar.com, read here.
June 16: Celente – This Trigger For A Global Stock Market Crash Will Devastate The World by Gerald Celente at KWN, read here.
“In times of geopolitical and economic instability, gold remains the ultimate safe haven commodity. In the event of war and/or sever equity market instability, we maintain our forecast that when gold prices strongly break above $1,400 per ounce, it will rapidly spike to $2,000.”
June 14: Buy Gold? The ‘US Bows Out on Globalism’ By Soren K.Group at Market Slant, read here.
“America is retreating from the world stage. Its credibility is fading fast. Resentment among other nations is growing. Our rivals are emboldened. And things are only going to get worse from here.
So buy gold.
I don’t care what the dollar does in the short term. I don’t care what the Fed says about rates.
Buy gold and keep buying it.”
June 14: The Next Leg of the Great Gold Rally by Byron King at The Daily Reckoning, read here.
June 14: The Saudi War Against Qatar
Who was behind the hacking of Qatar’s News Agency? By Justin Raimondo at Antiwar.com, read here.
June 14: General Lee Speaks: Had It Figured Out by Fred Reed at The Unz Review, read here.
June 13: Is The Global Gold Price Really Headed To A Jaw-Dropping $20,000 – $150,000? By Ronald-Peter Stoeferle, Incrementum AG Liechtenstein at KWN, read here.
“Some readers might express disbelief at the prospect of a gold price of $20,000 on any relevant time-frame. I would advise these readers rather to express their disbelief at how the Federal Reserve has grown the money supply by such a colossal amount since president Nixon closed the gold window in 1971. All that we have done here is to run the numbers as they are.
The alternative to revaluing gold to the levels discussed here is to force an outright contraction of the US broad or possibly even narrow money supply, which would wreak havoc with the banking system and economy, exactly the opposite of what is needed to restore a degree of monetary stability not only to the US but also to the global economy.”
June 13: Yusko – “I’m telling you right now. We are going to have a crash and it is going to be terrific.” By Mark Yusko of Morgan Creek Management at KWN, read here.
June 13: Are We Nearing Civil War? By Patrick J. Buchanan at LewRockwell.com, read here.
June 13: So, Your Daughter Joined the Military By Laurence M. Vance at LewRockwell.com, read here. I was drafrted into the Army in 1967 and can attest that everything the author says is absolutely true! NTM
June 13: James Comey shows Americans that law does not apply to the elite by Michael Scheuer at Non-Intervention.com, read here. Excellent article; recently I have thought about why those in power continually get away with their obvious crimes, my conclusion, they are all doing it, they can’t go after others or the others will go after them. The government is rotten to the core! Good example, Trump is in office less than six months, he has already committed at least two war crimes, attacking Syria and Yemen. Therefore he can’t go after Obama and little George Bush for war crimes without exposing himself to the same charges. The author names names, however he left of three really big important names, Ben Bernanke, Janet Yellen and Alan Greenspan. Personally I do not think Trump is the man for the job, for all his bluff and bluster he is in way over his head. He is playing with the big boys now, they play for keeps and they have guns, lots of guns. Trump is nor morally, intellectually or ethically prepared for the job of cleaning house. Just look at all the people he has gathered around him as advisors, scares the bejeses out of me. NTM
June 12: Let’s All Calm Down About Russia by Sheldon Richman at Antiwar.com, read here. “The comparison of today’s Russia to yesterday’s U.S.S.R. is baseless. I know rthis, and rage inwardly at my inability to convey my understanding to others….”
June 12: Dr. Stephen Leeb: Chairman & Chief Investment Officer of Leeb Capital Management audio interview at KWN. listen here. “Everyone In The World Should Watch For This Historic Signal To Go “All-In” On Gold” listen to the interview.
June 11: Greyerz – The World Is Set To Plunge Into Chaos Over The Next 6 Months by Egon von Greyerz at KWN, rread here.
” For anyone who lives in a hyperinflationary economy like Venezuela or Argentina, gold is an absolute lifesaver and thus a necessity for the ones who have surplus funds. But you don’t need to be wealthy to own gold. For $40 anyone can buy one gram of gold per month. Over time that could become an important sum as gold rises and the crisis comes.”
June 10: Andrew Maguire: Whistleblower, Independent London Metals Trader & Analyst audio interview at KWN, listen here. If you have any interest in gold and silver, this is a must listen audio interview. As frustrating as these criminal price smashes, by the powers that be, in gold and silver are, they must be looked at as excellent buying opportunities to acquire more gold and silver at discount prices. Never forget if you own physical gold and silver you will win in the end, guaranteed!
June 10: Paul Craig Roberts – This Will Complete The Economic Destruction Of America And The World another must read article by the great Dr. Paul Craig Roberts at KWN, read here.
“If we don’t re-enact Glass-Steagall, the risks taken by financial greed will complete the economic destruction of America.”
June 10: In Washington, Is the Glass(-Steagall) Half Empty or Half Full? By Nomi Prins at The Daily Reckoning, read here.
June 9: Trump’s Iran Obsession and the Tehran Attacks By Daniel Larison at The American Conservative, read here. Iran s not our enemy, Israel is not our friend; remember the USS Liberty, see link below.
June 8: J.Edgar Comey’s Big Fat Nothingburger by David Stockman at The Daily Reckoning, read here.
June 8: BLACK SWAN WARNING: Crack-Up Boom And The Most Important Catalyst For The Price Of Gold By Ronald-Peter Stoeferle, Incrementum AG Liechtenstein at KWN, read here.
“If our expectation is confirmed, a monetary policy response in the form of rapid rate cuts and a renewed round of quantitative easing should be expected. In such a scenario gold should post significant price gains.”