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Here don't say I never gave you anything....!Originally Posted by Neuro
http://gold-silver.us/forum/attachme...tid=7805&stc=1
You can thank me someday...
Here don't say I never gave you anything....!
http://gold-silver.us/forum/attachme...tid=7805&stc=1
You can thank me someday...
"My reading no matter how transient is a dagger in the heart of ignorance."
Do we panic or laugh?
-204.91 as of 4:30pm
Both is apropriate! The plunge is on!
Probably tomorrow, we'll see one of the biggest up days! Expect anything!
https://www.youtube.com/watch?v=waZSvFbIOGk
Grin !
"My reading no matter how transient is a dagger in the heart of ignorance."
Closed at 15,666.44
By way of decoction, thou shalt do wort.
What does this mean?
That the microscopically thin thread holding the 40 ton very sharp knife over your head/body has not broke yet !
"My reading no matter how transient is a dagger in the heart of ignorance."
The Goose Drank Wine
ZH linkBetting On "The End Of The World" Just Returned 2400% In One Day
On Friday afternoon, while the VIX was jumping as stocks were sliding, and well ahead of Monday's brief but systemic ETF failure which led to a VIX explosion, marketwide halts and a 1000 point Dow Jones collapse, we pointed out a disturbing event: someone was aggressively buying insurance against a market catastrophe by loading up on all the VIX September 50 calls they could get their hands on. In fact as of lunch time, some 625 calls had been purchased at a price of about a dime.
This is what we said last Friday:
"what would be far scarier is if whoever is suddenly offering a nickel for the VIX Sept 50 calls actually knows something. Because if he "does", that would suggest a market move 'Straight out of Lehmam""
Fast forward to Monday, when we had a market move that was, drumroll, Straight out of Lehman indeed, and shockingly, the VIX 50 calls, which were bought when the VIX was trading at half that value, were briefly in the money!
http://www.zerohedge.com/sites/defau...824_vix1_0.jpg
And, as the chart below shows, in this case betting on the end of the world was perhaps the most profitable trade of the year: purchased on the offer at 10 cents, the calls traded as high as $2.50 one trading day later, a 2,400% return in one day. We tried to do an XIRR analysis what that return would look like annualized but Excel simply Reffed out.
Great minds discuss Ideas, Average minds discuss Events, Small minds discuss People. E.R.
Anytime I'm in doubt I go outside and give it a little shake.
Liberty Tree.
Horn (26th August 2015)
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