I saw an interview of Harry Dent (an analyst who uses demographics) where he said the market was going down, this week. I respect Dent's opinion so I placed an order for some put options on the Russell 2000.
I already had options on the Russell but I was leaning towards the buy side per Jim Willie. He said that the "reset" will be delayed by a year so the Chinese can buy more gold.
They'll need that to back their new currency.
It was too late in the day for me to get my order filled so I'll have to wait until Monday. The best thing for me is to have the market go up which would simultaneously make my call options go up; while it would make it more likely for my put options to have the order filled at a good price.
On a different topic, I went to Sawyer's Bar yesterday. It's way up in the mountains.
It's so hard to get to and hard to find that I feel not many prospectors have been there.
It looks like a good place to dowse. There is a large, rocky, flatland. I feel that I should be able to find nuggets there since I talked with a person who found 2 large nuggets there in the sixties.
I may go there tomorrow: but I'll definitely take Chris there Monday.
I'll have to get my camera working because the scenery around Sawyer's Bar is gorgeous. Maybe I'll use the camera.
Later.
Saturday, October 10, 2015
Sunday, October 4, 2015
I'm "All In".
I spent Friday buying stock and ETF options. I guess that all I have are ETF options.
I have a major position in silver calls. That's betting that silver will go up. Not only are all of the "gloom and doomer" Youtube videos saying that they are running out of silver; but it's getting hard to buy silver on the internet (like Ebay).
I have some good positions on the Russell 2000 index (IWN). I'm betting both ways on that. I figure that there will be a big move but I'm not sure which way it will go. Either way it goes some of my options will be worthless but the others will multiply by 100's of percent.
I'm also long (meaning that I'm betting it goes up) on oil. I figure that they will have to save oil in order to drive up the stock market.
I only spent $1500. I've got a couple of orders in for more Russell 2000 options that might or might not fill tomorrow when I'm on the road to Redding.
The first day of trading could't have been better. I bought when the market was down and after I bought it went up. I couldn't have timed it better if I tried.
After my appointment at the Redding VA clinic I won't have anything keeping me here except panning for gold.
I might jump into my car or take a bus and go back to Decorah for snow shoveling.
I still need to find a place to live back there but I'm working on it.
That's all I have for now.
Later.
I have a major position in silver calls. That's betting that silver will go up. Not only are all of the "gloom and doomer" Youtube videos saying that they are running out of silver; but it's getting hard to buy silver on the internet (like Ebay).
I have some good positions on the Russell 2000 index (IWN). I'm betting both ways on that. I figure that there will be a big move but I'm not sure which way it will go. Either way it goes some of my options will be worthless but the others will multiply by 100's of percent.
I'm also long (meaning that I'm betting it goes up) on oil. I figure that they will have to save oil in order to drive up the stock market.
I only spent $1500. I've got a couple of orders in for more Russell 2000 options that might or might not fill tomorrow when I'm on the road to Redding.
The first day of trading could't have been better. I bought when the market was down and after I bought it went up. I couldn't have timed it better if I tried.
After my appointment at the Redding VA clinic I won't have anything keeping me here except panning for gold.
I might jump into my car or take a bus and go back to Decorah for snow shoveling.
I still need to find a place to live back there but I'm working on it.
That's all I have for now.
Later.
Thursday, October 1, 2015
Jim Willie says that the "reset" will be delayed by a year.
That changes everything as far as my investing is concerned.
I was thinking that the markets will collapse in a few weeks at the direction of the group commonly referred to as "the club".
Willie said that he heard that the Chinese don't have enough gold to make a new currency yet. Therefore they are delaying the reset.
I watched a CNBC video about oil prices. It seems to me that if they are delaying the reset they will have to prop up oil prices. Bankrupting oil companies will bring about the collapse quicker than anything else; so now might be the time to buy oil ETFs, particularly USO. When my money hits E-trade tomorrow that will be the first thing that I will buy.
After that I'll buy call options on IWN. That means I'll be betting that the Russell 2000 index will go up.
I'm going to leave my silver options alone since I still feel that they are running out of silver.
The big thing is that I'm not going to jump in with both feet since I don't know what is really happening.
In fact I might use my borrowed money to go back to Decorah. I just need to find a place to park the motor home.
Jim Willie is a very persuasive speaker; I hope he's right about the reset.
So many times, I base my financial decisions on what I heard from the last person I listened to on YouTube. They can be very persuasive.
Oh well, I'll invest small amount and have the rest for my move back to Iowa.
Well, tomorrow will be a big day for me.
Later,
I was thinking that the markets will collapse in a few weeks at the direction of the group commonly referred to as "the club".
Willie said that he heard that the Chinese don't have enough gold to make a new currency yet. Therefore they are delaying the reset.
I watched a CNBC video about oil prices. It seems to me that if they are delaying the reset they will have to prop up oil prices. Bankrupting oil companies will bring about the collapse quicker than anything else; so now might be the time to buy oil ETFs, particularly USO. When my money hits E-trade tomorrow that will be the first thing that I will buy.
After that I'll buy call options on IWN. That means I'll be betting that the Russell 2000 index will go up.
I'm going to leave my silver options alone since I still feel that they are running out of silver.
The big thing is that I'm not going to jump in with both feet since I don't know what is really happening.
In fact I might use my borrowed money to go back to Decorah. I just need to find a place to park the motor home.
Jim Willie is a very persuasive speaker; I hope he's right about the reset.
So many times, I base my financial decisions on what I heard from the last person I listened to on YouTube. They can be very persuasive.
Oh well, I'll invest small amount and have the rest for my move back to Iowa.
Well, tomorrow will be a big day for me.
Later,
Wednesday, September 30, 2015
I Did it.
I borrowed $3,875 at over 100% interest to gamble on stock options. I feel so sure that the market will collapse that I'm putting my money (which I didn't even have at the time) on "put" stock options. Puts are a way to bet that things are going down.
I have to wait until Friday or Monday for the money to be transferred to my e-Trade account. I just hope that the markets will keep going up until then so I can get good prices.
I did buy some put options on the Russell 2000 which is an index of 2000, American stocks.
Gregory Mannorino advised doing that a week or so ago on YouTube. I'm taking his advice. I think I'll start with put options on the various stock markets and if I'm successful I'll move more into buying silver and gold.
On a different topic, I got a haircut today. I was really getting shaggy. I went to Wal-Mart and it cost me over $15. I didn't tip at all; maybe I'll start doing that when my options go through the roof. I just don't feel rich enough to tip anyone. I'm half a step away from being homeless and if these options don't take off I very well might end up living in my motor home and parking it where I can for free.
That is one of the reasons that I got it; it will make homelessness much more palatable. I think they could eliminate most of the government programs to help the homeless and just get them old motor homes. Oh well.
I contacted Mary (the owner of Java Johns, in Decorah, Iowa) about getting my old, snow shoveling job back. She is all for it; but I have to find a place to live in Decorah this Winter. My motor home is still there so maybe I could park it in someone's driveway.
I called Jim and Sherry and Gary and I don't have any takers yet. I'll have to keep at it. I rather miss all of my old friends from Decorah. It would be good to get back for a while.
That's all I have for now.
Later
I have to wait until Friday or Monday for the money to be transferred to my e-Trade account. I just hope that the markets will keep going up until then so I can get good prices.
I did buy some put options on the Russell 2000 which is an index of 2000, American stocks.
Gregory Mannorino advised doing that a week or so ago on YouTube. I'm taking his advice. I think I'll start with put options on the various stock markets and if I'm successful I'll move more into buying silver and gold.
On a different topic, I got a haircut today. I was really getting shaggy. I went to Wal-Mart and it cost me over $15. I didn't tip at all; maybe I'll start doing that when my options go through the roof. I just don't feel rich enough to tip anyone. I'm half a step away from being homeless and if these options don't take off I very well might end up living in my motor home and parking it where I can for free.
That is one of the reasons that I got it; it will make homelessness much more palatable. I think they could eliminate most of the government programs to help the homeless and just get them old motor homes. Oh well.
I contacted Mary (the owner of Java Johns, in Decorah, Iowa) about getting my old, snow shoveling job back. She is all for it; but I have to find a place to live in Decorah this Winter. My motor home is still there so maybe I could park it in someone's driveway.
I called Jim and Sherry and Gary and I don't have any takers yet. I'll have to keep at it. I rather miss all of my old friends from Decorah. It would be good to get back for a while.
That's all I have for now.
Later
Sunday, September 27, 2015
I Delayed
I delayed borrowing money to buy silver options but I'm still going to do it.
I was fooled by the retail price going down a bit. It turned out that people are buying 1000 ounce bars and turning them into rounds and 1 ounce bars. This temporally drove the retail price down.
I was looking at silver on Ebay today and it's higher than it was last week. Everything is selling for at least twice the spot price. It looks to me like we are running out of silver for good.
Tomorrow, after coming back from prospecting, I'm going shopping for money. I hope that more than one place will lend me some.
On a different topic, a young man named Chris is going prospecting with me tomorrow. I'll teach him what I've learned so far; but I feel that I really limited myself by coming to Yreka instead of Happy Camp.
I'm rather isolated here, from the rest of the prospectors at the "New 49er's" mining club. I would be much farther along in my mining efforts if I were a member of a team. The club has mining events and potlucks where I could have learned a lot more about mining than I picked up watching Youtube videos and reading. My energy levels would be more easily maintained by associating with other miners. That's one of the things I'm going to teach Chris. There is no sense in going it alone if you don't have to.
I'll keep you posted on how prospecting and borrowing money goes, tomorrow.
Later.
I was fooled by the retail price going down a bit. It turned out that people are buying 1000 ounce bars and turning them into rounds and 1 ounce bars. This temporally drove the retail price down.
I was looking at silver on Ebay today and it's higher than it was last week. Everything is selling for at least twice the spot price. It looks to me like we are running out of silver for good.
Tomorrow, after coming back from prospecting, I'm going shopping for money. I hope that more than one place will lend me some.
On a different topic, a young man named Chris is going prospecting with me tomorrow. I'll teach him what I've learned so far; but I feel that I really limited myself by coming to Yreka instead of Happy Camp.
I'm rather isolated here, from the rest of the prospectors at the "New 49er's" mining club. I would be much farther along in my mining efforts if I were a member of a team. The club has mining events and potlucks where I could have learned a lot more about mining than I picked up watching Youtube videos and reading. My energy levels would be more easily maintained by associating with other miners. That's one of the things I'm going to teach Chris. There is no sense in going it alone if you don't have to.
I'll keep you posted on how prospecting and borrowing money goes, tomorrow.
Later.
Thursday, September 24, 2015
So, Should I go Deeply into Debt to Gamble on Gold and Silver?
The answer is "of course". Even though I'll have to pay absurd interest rates it looks like it's time to buy gold and silver options. I think I'll get GDX for gold miners and I might expand what I already have for the silver options.
I've got something like 4 pre-approved letters asking me to get loans at high interest rates. If I didn't think that gold and silver are beginning a major breakout I wouldn't bother.
Today, the stock market went down and the dollar went up. Either of those should have driven metals down; but they went up instead. That shows the strength of both metals. It's time to buy.
It will take some time for the money to show up on my E-Trade account so I'll probably miss a lot of the move. That just makes it more imperative to get the money "asap". I'll get spiffed up and go shopping for money tomorrow.
Fortunately I already have some silver options and a little "physical" gold and silver. Physical means the real stuff in my safe deposit box. I'm as ready as I can be.
On a different topic, I went prospecting this morning.
I found a place that I thought there was Limonite (a mineral containing gold). I was wrong. It didn't break up like Limonite would but I ran a sample pan of it anyway. I was disappointed to not find gold. Oh well; you have to try.
That's all I have for now.
Later,
I've got something like 4 pre-approved letters asking me to get loans at high interest rates. If I didn't think that gold and silver are beginning a major breakout I wouldn't bother.
Today, the stock market went down and the dollar went up. Either of those should have driven metals down; but they went up instead. That shows the strength of both metals. It's time to buy.
It will take some time for the money to show up on my E-Trade account so I'll probably miss a lot of the move. That just makes it more imperative to get the money "asap". I'll get spiffed up and go shopping for money tomorrow.
Fortunately I already have some silver options and a little "physical" gold and silver. Physical means the real stuff in my safe deposit box. I'm as ready as I can be.
On a different topic, I went prospecting this morning.
I found a place that I thought there was Limonite (a mineral containing gold). I was wrong. It didn't break up like Limonite would but I ran a sample pan of it anyway. I was disappointed to not find gold. Oh well; you have to try.
That's all I have for now.
Later,
Making Progress on Finding Gold
I am making good progress on my search for gold, lately.
There are two, new developments.
First I spotted what looks like a Limonite deposit on the side of a road. Limonite is a dark colored mineral that often contains gold. It crumbles easily so it shouldn't be hard to dig out.
I was driving back from one of the claims on Highway 96 and I noticed it. I'm going to dig out a bucket full and pan out the bucket. If there is gold there I'll go back for more. I might have legal problems since it is on the side of a road but first I'll find out if it contains gold.
The next thing is that I found a young, energetic man to help me search for gold. We are meeting next Monday morning and I'll take him out to the claim. By then I'll know if there is gold in the Limonite.
I also made some progress on figuring out what is happening with regard to my schizophrenia.
Something that triggered my hallucinatory thoughts is that a young woman in Decorah was obviously pregnant and she said that I was the father. Believing in time travel I thought that my future self might have fathered the child. She's a fox and it seemed like it would be a good idea to me.
While I was looking for her phone number I found that she is into improvisational theatre. Apparently she was playing a trick on me and it worked. I fell for it hook, line and sinker. I think it shows how people believe what they want to believe.
Anyway it shows me that my delusional beliefs are just that; and it's time to forget that stuff. It's really been messing me up.
So it's back to finding gold and arranging my trip back to Iowa to shovel snow and bring out the motor home.
On the topic of going back to Iowa; I was turned down for a place to stay in Iowa. I was hoping to stay at Jim and Sherry's so I could leave the van here. It looks like I'll have to stay at Gary's place if he'll take me in. I've got to call him today and find out. After that I'll have to arrange for my snow shoveling jobs. I think it will come together.
That's all for now.
Later,
There are two, new developments.
First I spotted what looks like a Limonite deposit on the side of a road. Limonite is a dark colored mineral that often contains gold. It crumbles easily so it shouldn't be hard to dig out.
I was driving back from one of the claims on Highway 96 and I noticed it. I'm going to dig out a bucket full and pan out the bucket. If there is gold there I'll go back for more. I might have legal problems since it is on the side of a road but first I'll find out if it contains gold.
The next thing is that I found a young, energetic man to help me search for gold. We are meeting next Monday morning and I'll take him out to the claim. By then I'll know if there is gold in the Limonite.
I also made some progress on figuring out what is happening with regard to my schizophrenia.
Something that triggered my hallucinatory thoughts is that a young woman in Decorah was obviously pregnant and she said that I was the father. Believing in time travel I thought that my future self might have fathered the child. She's a fox and it seemed like it would be a good idea to me.
While I was looking for her phone number I found that she is into improvisational theatre. Apparently she was playing a trick on me and it worked. I fell for it hook, line and sinker. I think it shows how people believe what they want to believe.
Anyway it shows me that my delusional beliefs are just that; and it's time to forget that stuff. It's really been messing me up.
So it's back to finding gold and arranging my trip back to Iowa to shovel snow and bring out the motor home.
On the topic of going back to Iowa; I was turned down for a place to stay in Iowa. I was hoping to stay at Jim and Sherry's so I could leave the van here. It looks like I'll have to stay at Gary's place if he'll take me in. I've got to call him today and find out. After that I'll have to arrange for my snow shoveling jobs. I think it will come together.
That's all for now.
Later,
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