Monday, November 30, 2009

Mondays Trading November 30th

Today I purchased 150 shares of SLV at 17.97. Last night I shorted the S&P in the trading contest and I purchased 5 ozs of silver. SLV is up to 18.14, The S&P is down since I entered although I still am not using the software accuratly but hope to win money like I did two weeks ago. Im still waiting for that money too. I am also looking forward to my silver coming in the mail. Its an exciting week with alot to look forward to and alot of money to make.

Sunday, November 29, 2009

The Dollar Bubble

The Dollar Bubble starring Peter Schiff, Ron Paul, Marc Faber, Gerald Celente, Jim Rogers, and others. Prepare now for the U.S. dollar collapse.

Obama Promises To End The War

"I will promise you this, that if we have not gotten our troops out by the time I am president, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank. " - Barack Obama Campaign Promise - October 27, 2007

New York Water Bottle Tax

It was announced recently in New York their would be a new water bottle tax. The way it works is when you are purchasing a water bottle such as poland spring, at the point of sale, you will be charged an additional five cents. This new tax is suppose make buyers bring their empty water bottles to the store and redeem them for their nickle back. The water bottles will be reused and hopefully people will pollute less, protecting the environment. There's talk about adding this tax to all juice, soda, and beer bottles.

I know a nickle does not sound like much but I drink at least one water bottle a day. This ends up being $18.25 a year that I would rather spend elsewhere (assuming I can't lug my water bottles back to stop and shop). Stuff like this makes me feel like the governments job is to steal our hard earned money through inflation and tax and limit our rights through new laws. I'm for saving the environment but every time the government wants to do something it comes from new taxes or raising taxes. The better way to achieve this would be to raise the deposit fee. Screw the tax and give each recycler an additional nickle or dime. The additional nickle or dime will be spent helping the economy and will make people happier. Not everyone will have the chance to bring back every water bottle.

A wise man once said "you are guaranteed only two things in life, death and taxes."

Now you pay an addition 5 cents, then you have to bring your water bottles back and get your nickle back. If your like me, we have a yellow garbage can in front of our homes that is filled with recyclable items. Now we have to sort through our recyclable items and bring the water bottles back to stop and shop or other stores to get our nickle back. Extra work for us.

Correct me here if Im wrong but right now its my understanding that you are charged an extra nickle then when the bottle is returned you get your nickle back. We use to not get charged the nickle and get a nickle back for returning the water bottles. Water bottles were also cheaper at one point meaning that nickle brought you that much closer to a another water bottle. in fact at one point during the 1960's soda bottles were 7 cents and when you would return them you would get one cent back. every 7 you get one free. Now our only incentive to recycle is to cover the cost of the additional tax. It makes you feel like something is wrong.

Another thing I don't like about this new tax is most taxes go up over time. There is a good chance of this tax increasing over time. Every time you feel like your getting ahead there is new taxes or tax increase. Taxation destroys wealth hurts the economy, hurts the tax payer, and funds a bunch of useless government projects. Maybe the people should march to Washington and demand money and less taxes like the way aig, gm and a bunch of other companies did. We survived as nation with few laws and few or no taxes or decades, why not try this way of life. If we lasted this long with out this new tax why do we need it now. Just have Obama address the nation with the importance of recycling and maybe an incentive or higher incentive and I'm sure there will be an increase in recycled products. Obama haters will like the fact that hes doing something for the environment that wont hurt the tax payer.

Sunday, November 22, 2009

Nationwide End The Fed Rally

Sunday November 22, 2009 from 12:00pm - 3:00pm
Federal Reserve Bank Of New York

33 Liberty Street
New York, New York 10004 Get Directions
With the threat of a watered down version of HR 1207 & S604 looming, it is time to turn up the AUDIT THE FED pressure cooker! This END THE FED rally marks the one year anniversary of the End The Fed! Movement and it is vital that we continue raising awareness of the cause. With the experience of two prior rally's in NYC under our belt, we have learned a few things to make this protest a bit more productive.

We are taking our efforts to the streets in a more organic, grassroots way. No yelling at empty buildings (well, maybe a little) and no speakers preaching to the choir. Our mission is to educate. Our job is to take our passion and knowledge to the people of NYC in order to garner greater support for HR1207 & S604. Our focus is to drive as many people as possible to breathe down the necks of NY's Representatives and Senators so they can do the right thing "By the People." Our method is to speak with and to put as much literature regarding the Fed in the hands of the public en masse in order to create a new wave of citizens impassioned by the true underlying problem at hand. With your help, the congressfolks who have yet to co-sponsor either bill will be forced to feel the economic pain of the people as they make their voices heard to keep the Federal Reserve Transparency Act and the Federal Reserve Sunshine Act in tact, as written.

We will not settle for anything less and there is no compromise. A full, independent audit of the Federal Reserve is absolutely necessary and crucial for American citizen's to understand why their pockets have been looted; why their savings has been diminished as the dollars' value drops; why the incessant boom and bust cycles exist; why we can "afford' endless immoral wars; why the middle class is disappearing; why the same banks who have gotten rich by robbing us blind in the first place then, again, benefit in the form of bailouts at the taxpayers' expense; why the "lender of last resort" is accountable to NO ONE; And, the beat goes on......

This rally will be short, sweet and powerful. We have modified many AUDIT THE FED document files to include the NYCCFL MeetUp address and posted them here in the files section. The links to these files are provided below. Pick and choose which file(s) suits your fancy and print out as many as you can. No one should come empty handed.


12 noon - Meet at the Fed Bank of NY. Here we will spend an hour getting our selves pumped up while we hand out flyers to the passersby.
1pm - March to Union Square. Pass out as much AUDIT THE FED literature as possible along the way.
2pm - Engulf Union Square for an hour or so to pass out literature until your hands have been emptied.
3pm-ish - Part ways to your favorite means to watch football.

There it is. Three short, productive hours. Again, no one should come empty handed. Keeping the AUDIT THE FED bills in tact may be fruitless lest we continue raising awareness and then providing the newly awakened citizen's the necessary tools to accomplish the timely, pertinent goals put forth in HR 1207 & S604.

Your Patriots @ Arms,

PLEASE NOTE: Lots of literature can be downloaded from the NYC CFL meetup group [url=]here[/url]


No Trading

Sorry its been crazy and I haven't had much time for anything. Although this week I did manage to come in third place in a trading contest (yay) which wins me a few bucks for making 1688 points off the S&P. I attempted to sell on wedesday night but unfortunetly I am still new to the trading software and the sell failed. Maybe next week I'll figure out how to use the software. Aside from that I have not completed any trades this week but hope to in two weeks. the market should be closed for thanksgiving and black friday. Anything can happen those days causing the market to be gapped up or down. You can go in but iI wont. After the holidays i hope to make some successful trades.

Monday, November 16, 2009

Im out baby

Wow what happened? The dollar today weakened, causing commodities to increase in price. Silver made a new high today at 18.13 but closing the day at 18.02. There was a huge .40 point gap today, what happened there? I don't know but it took out my stop. I know Ben Bernanke mad an announcement, Ben ernanke is still not interested in raising interest rates, this might be the very reason for the decline of the dollar today. Obama is also in china trying to get the chinese to invest more money with us. It must be nice to show the chinese a chart of the dollars rapid decline.

We'll See what happens tomorrow

Saturday, November 14, 2009

SLV update

This is what my chart looks like, although I have my money invested in ZSL which is 2 times silver short. This is silver long. We had an interesting week, we kept on getting gapped up. The volume remains low. Anyway we if look at the chart, since we made our investment, it popped up to 17.41, made a double flat top, came down a little and make a lower high at 17.16. It may be slow, and we didnt get our money but the stars are aligning. Im going to hold my position.

Ps I had a good feeling earlier in the week and readjust my stop to 4.45. I didnt want all that gapping to stop me out.

Sunday, November 8, 2009

Investing in Silver

If you guys haven't figured it out yet, I really like silver. Years ago when I was four years of age my grandmother gave me my first real peice of silver back in the 1980's. It was a JFK half dollar from 1964. At the time it was coolest thing being I have ever seen a a half dollar prior. I liked the way it was bigger and heaver then quaters and Susan B Anthony coins. When i got my second JFK half dollar I realized the one from 1964 was heavier then the one from 1976. This started my hobby as a coin collecter.

Silver is awesome because its a good conductor or electricity, its used in computers, a ton of other items and you have to go digging in mines for it. Its a small peice of matter that has been through so much and can do so much. Silver was also been used for centuries with gold as a form of currency and in which our constituion states in article 1 section 10 basically conrgess has the right to coin silver and gold and distribute them as a currency. Years ago in 1971 Nixon took away our right to bring our hard earned dollars or silver certificates to the banks to be redeemed silver. One ounce of silver for ever silver certificate. today its about 17 dollars an ounce. Now we use Fed notes which is backed by nothing. But dont worry when the Fed notes fail completly we will go back to silver and gold, a currency that has been a world currency for thousands of years. Ironically the amero which is supose to replace the the dollar is made out of 999 silver.

Gold I would invest in but being that I am broke, silver is the best way to go for me. Ways to invest in silver would be to collect silver dollars, half dollars, dimes and quarters from before 1964. Buy Silver bars or bullion. Im collecting coins and investing my money in slv which is the silver etf, agq which is silver 2x long and zsl which is silver 2x short. If you think silver is going to go up invest in slv or agq if you think silver to going to go down invest in zsl or short the others. Personally I have been swing trading making money on both the way up and down. When silver declines which is predicted to be next week, thats why i invested in zsl it will be time to purchase more coins. Most coin dealers change their prices according to slv. If slv is low im buying silver!

This is what my char lookes like. The way slv leveled off, the highlighed section where it jumped up a point in a day, the fact it stopped making new highs and was gapped up to that high, makes me feel like the up trend is over for now and it will plummit at least a point, to test that 15.8 line out. Ill keep you guys posted through the week.

Below is a silver certificate, Compare it to the dollar. I like where it says "PAYABLE TO THE BEARER ON DEMAND"

Thursday, November 5, 2009

Trading Silver

Silver made a lower high this week and is struggling in its current position. The dollar also seems to have a lot of volume while silver wedges out. This might be a good turnaround time and a good time to short silver. ZSL is a ticker which is two times silver short. I made a limit order so if ZSL drops 6 cents then it will trigger my trade of 300 shares. This will definetly be a good bear trade. A friend suggests it should take a week to make 300 bucks which will be one point. Ill be happy with 100 bucks. Either way we will see what happens.

Monday, November 2, 2009

Shorting the S&P

I called up and entered a trading contest today, the rules are you get 5 contracts and with the 5 contracts you can do what ever you want to the S&P. The three traders with the most earnings will win cash while the others don't. Why not I have nothing to loose. The last contest I came in 5th place out of 17, not bad for my first trading contest.

This week, I was really unsure of what to do after looking at the charts so I shorted the S&P. I strongly believe the S&P will make a turn for the worse in the near future, im just unsure of how soon it will turn. I feel like it can happen any day or it might have one last thrust upwards kissing 1100 again then failing to make new highs and eventually going down hill. I predict this last thrust will be in will take about a month to achieve

Problems With College Tuition