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
April 28: Trump Now A Captive Of The Deep State By Paul Craig Roberts at LewRockwell.com, read here.
“I spent a quarter century in Washington. The evil that is in control there at the present time is unprecedented. I have never seen anything like it.
Can the world survive the evil that is concentrated in Washington, evil that has the support of the governments of the Western world?”
April 27: Markets Are Priced for Perfection by James Rickards at The Daily Reckoning, read here.
“markets will collapse once they realize the growth is not coming. By “collapse,” I mean a violent stock market correction, a falling dollar and major rallies in bonds and gold. I expect the latter.”
“For now, investors should not stand in front of a moving train. Keep cash ready and be prepared to move into gold, bonds and the euro. In fact, it’s not too soon to leg into those positions now.”
April 27: The Iron Jaws of the Police State: Trump’s America Is a Constitution-Free Zone By John W. Whitehead at The Rutherford Institute, read here.
“Policing is broken… It has evolved as a paramilitary, bureaucratic, organizational arrangement that distances police officers from the communities they’ve been sworn to protect and serve. When we have shooting after shooting after shooting that most people would define as at least questionable, it’s time to look, not just at a few bad apples, but the barrel. And I’m convinced that it is the barrel that is rotted.”— Norm Stamper, former Seattle police chief
April 27: Epiphany Time I Used To Be Blissfully Naïve Until I discovered Austrian economics, Richard Daughty The Mogambu Guru at LewRockwell.com, read here.
“I felt a great disturbance in the Force” Obi Wan Kenobi.
April 26: Tax Lessons for the Donald By David Stockman at The Daily Reckoning, read here.
April 26: Gerald Celente Just Released Fourth Major Trend Forecast For 2017! At King World News, read here.
April 25: The Future Of Money, And Wealth Storage by Andrew Hoffman at The Daily Coin, read here.
April 24: It’s All Illusions And Lies: The Supernova Debt Bubble Is About To Trigger The Death Knell Of The Global Financial System by Egon von Greyerz at KWN, read here. “with risk at unprecedented levels, wealth preservation must be a priority. There is no better financial protection than physical gold and silver, safely stored.”
April 24: The Honeymoon of the Generals
Or Why Trump’s Wars Should Seem So Familiar by Tom Engelhardt at Antiwar.com, read here.
April 23: Here Is Why Moves In The Gold & Oil Markets Are Going To Shock The World by Stephen Leeb at KWN, read here.
“A Once In A Lifetime Buying Opportunity
In 2001 the world reached one critical point of inflection when China entered the WTO, and that led gold to a nearly eightfold advance. Despite gold’s correction over the past several years, it still has been the 21st century’s best performing asset. Its correction will end as oil rises, which will represent the next inflection point. And this one will lead to a move in gold that will easily exceed the aftermath of the first. Any further weakness in the mighty metal is a gift that you should greedily take advantage of as offering a great entry point into a once-in-a-lifetime opportunity.”
April 22: Gerald Celente: Founder & Director of the Trends Research Institute. Audio podcast at KWN. “Celente – You Won’t Believe The Incredible Desperation I Saw On My Travels In The U.S.” Listen here.
April 22: Sagging economy, rising gold by Pat Heller at Numismatic News, read here.
April 21: A Legend Connected In China At The Highest Levels Just Predicted A Massive Short Squeeze In The Gold Market By John Ing, Maison Placements at KWN, read here. “There was a time when gold was money. In today’s uncertain world, we believe that gold is back in fashion. Gold simply, is a better store of value when everything else seems risky. As such we continue to expect gold to reach $2,200 an ounce within 18 months.”
April 21: It’s Time to Stop Pretending North Korea Is a Threat to the United States by James Holbrooks at Anti Media, read here.
April 21: The Spy State Unleashed
And you’re next, by Justin Raimondo at Antiwar.com, read here.
April 21: President Trump’s Disappearance By Paul Craig Roberts at LewRockwell.com, read here.
April 20: Get Ready for the Biggest Gold Move in Years by Justin Spittler at The Daily Coin, read here.
April 20: 17 Reasons Why You Should Own Gold by Gary Christenson at The Deviant Investor, read here.
pril 19: Who Really Started the Korean War?
Forget the Trumanite mythology by Justin Raimondo at Antiwar.com, read here.
April 19: Run for Your Life: The American Police State Is Coming to Get You By John W. Whitehead at The Rutherford Institute, read here.
April 19: Get Ready for Inflation! Lumber Logs a 12-Year High by Frank Holmes at Market Slant, read here.
April 18: John Embry – $3 Billion Paper Gold Selling Scam Backfires As U.S. Economic Collapse Picks Up Steam at King World News, read here.
April 18: The Anything President And The Everything Bubble by David Stockman at The Daily Reckoning, read here.
April 18: A Bullish Breakout for Silver Prices more Probable than Rally Reversal at Commodity Trade Mantra, read here.
April 18: Market Worries Due To Decadence And Complacency at Market Slant, read here.
April 18: Trump Has Killed Beautiful Babies in Four Countries by Chris Ernesto at Antiwar.com, read here.
April 18: Why The Donald Should Cool It On N. Korea—-The Fat Boy Can’t Even Deliver His “Little Boy” By David Stockman at LewRockwell.com, read here. David Stockman hits the nail squarely on the head once again; spot on David! NTM
April 17: Stockman: We’re Borrowing Our Way to Economic Disaster by Craig Wilson at The Daily Reckoning, read here.
April 17: Silver Has Finally Done It by Nikhil Gupta Seeking Alpha, read here.
April 17: With Respect To Gold, Silver And The Dollar… By Peter Bockvar at KWN, read here. ” I’m upgrading my view point on gold and silver from buy to pound the table buy. Both are now above their 50, 100 and 200 day moving averages and at 5 month highs.”
April 17: Is Our Political Class Mentally Ill?
Sadistic commentators hail death and destruction by Justin Raimondo at Antiwar.com, read here.
April 17: Neocons Point Housebroken Trump at Iran By Jonathan Marshall at Consortium News, read here.
April 17: Piece of Cake: New Normal of Trump’s Foreign Policy By Pepe Escobar at LewRockwell.com, read here.
April 17: The “Hero” Problem by Eric Peters, read here.
April 17: Preparing For Financial Armageddon by Egon von Greyerz at KWN, read here.
“A true wealth preservation asset has many important characteristics:
It must be recognized as money anywhere in the world
It must be portable
It must be physical
It must be liquid
It must be indestructible
It must have a high value to weight
It must be divisible
It must be scarce
It must represent stable purchasing power
It must have a long tradition of being real money
And this brings us to gold and silver. No other wealth preservation asset has these characteristics. Certainly not bitcoin and not even diamonds.”
“A Truly Remarkable Opportunity
In conclusion, it is extremely important that people understand that investors still have a unique opportunity to acquire physical gold and silver at prices which will not be seen for a very, very long time, if ever.”
April 16: Gold: Trump’s Transformation Complete – War, Inflation Next By Soren K.Group, read here. “Trump is Full of It. Always has been. He just wants desperately to not get kicked out of the club he has fought so hard to get back into. And that means Neo-cons, globalists, and Wall Street have to be appeased. Swamp drainer my ass.”
April 16: The Trump Reflation Fantasy Ends on Day 100 by David Stockman at The Daily Reckoning, read here. “It’s the economy stupid” to quote Bill Clinton on one of those rare occasions when he actually told the truth.
April 16: Is That Armageddon Over The Horizon? By Paul Craig Roberts at LewRockwell.com, read here.