Monday, June 25, 2012


 Baruch is the sharpy on the front right
Gotta love the gamblers. These are some some of players from years ago and they were playing the same game you are now. Sure it was rigged too. These guys had some inside draws but they knew they weren't the only sharks in the water. Just be aware, contrary to what the hyperbole says, this game has always been for the house.

Bernard Baruch was born in Camden, South Carolina to Simon and Belle Baruch. He was the second of four sons. His father Simon Baruch (1840–1921) was a German immigrant of Ashkenazi Jewishethnicity who came with his family to the United States in 1855. He studied medicine, became a doctor, and served as a surgeon on the staff of Confederate general Robert E. Lee during the American Civil War. He was a pioneer in physical therapy.[1] His mother's Sephardic Jewish ancestors (likely from Amsterdam or London) came to New York as early as the 1690s, where they became part of the shipping business.
In 1881 the family moved from Camden to New York City, where Bernard and his brothers attended local schools. He studied at and graduated from the City College of New York.


Baruch became a broker and then a partner in A.A. Housman & Company. With his earnings and commissions, he bought a seat on the New York Stock Exchange for $18,000 ($434,000 in today's dollars). There he amassed a fortune before the age of 30 via speculation in the sugar market. By 1903 Baruch had his own brokerage firm and gained the reputation of "The Lone Wolf of Wall Street" because of his refusal to join any financial house. By 1910, he had become one of Wall Street's best-known financiers.
In 1925 he endowed the United Daughters of the Confederacy (UDC) Mrs. Simon Baruch University Award in memory of his mother, to support scholars who have written unpublished monographs for full-length books on Confederate history. His mother had been an early member of the organization and supported their activities.{ from wikipedia}.

Don't try to buy at the bottom and sell at the top. It can't be done except by liars.
Bernard Baruch

If you think you've got it bad right now just remember that these guys are long gone but they went through the same ups and downs and believe me they played for keeps. It was a long time ago but in the scheme of things the same power structure existed then that reigns supreme now. You're all playing in the historic Supercycle Wave collapse. Embrace it and don't be afraid. This is history and you're right in the middle of it. No matter what happens you will never have a chance to relive any moment so savor every second right now. Someday you'll be only pictures like these men. gl luck on your trades.


  1. "Someday" is getting a little close for comfort for me. You are so right!!! Whatever will be, will be. Trying to travel and enjoy friends/family (including you guys). Don't forget Wed. is opex for the metals.

  2. Miners are taking yet again another beating today. I feel like I have missed other opportunities with my funds being tied up with the miners. Maybe that's a sign to hold on!! Good luck everyone.

  3. Did Nat-west get fixed? Do not think it did.

    Silver in general has the same decending triangle as gpl. Support here at $26....

  4. Something I don't understand: while nations are net buyers, aren't the banks having to sell their gold to cover? I'm thinking that is the real reason for the drops in the PMs. But tomorrow is opex for them, that is usually a low. Got some gll & zsl thank goodness. Just not at all sure how long to hold them.

  5. Sis, you are in good company.

  6. Primero Mining Corp. (PPP) 2.43 Down 0.03(1.22%) 11:30AM EDT - Nasdaq Real Time Price

    Great Panther Silver Ltd (GPL) 1.74 Down 0.02(1.14%) 11:33AM EDT - Nasdaq Real Time Price

    Silver Standard Resources Inc. (SSRI) 11.38 Down 0.41(3.48%) 11:33AM EDT - Nasdaq Real

    Great Basin Gold Ltd. (GBG) 0.68 Down 0.03(4.92%) 11:29AM EDT - Nasdaq Real Time Price

    AMEX GOLD BUGS INDEX (^HUI) 420.13 Down 11.68(2.71%) 11:22AM EDT

  7. Gold

  8. Another interesting silver article regarding silver short sellers.

  9. It's so quiet in here today. Is everyone at the driving range?

  10. afternoon.....sorry to be out but duty called.....hehehhehe.....good day to miss trading......but i didn't lose a dime......nothing sold here...letum smash it ......

  11. in logan utah in meetings all day and ARNA is really getting layed out here...maybe they will not approve it...seems mm's know or are holding it down to get specs to sell...options priced in the 20's are being sold...which to me seems crazy unless your confident or in the know....

  12. Yeah today blows, AUQ and ARNA both down. My ARNA bet is small though, of course don't want it to go down but not the end of the world if it doesn't get approved. My main worry is it getting approved but not popping much. Holding strong on AUQ though!

  13. I made a small play on some XOM put options this afternoon...

    As I was putting in my limit buy order, the stock jumped. So my put option plummeted. My limit order ended up being higher than the sell price :( I'm sure some flash computer flipped that one for a quick profit.

    Lesson learned. I think for now on, I'm going to go quite a bit below bid price, then I'll "modify" the order as needed. We aren't talking about big bucks here. But just a few extra seconds of my time can save a lot of nickles and dimes.

  14. I couldn't think of anything to write this morning.

    I wrote about FTR about a month ago as a possible turnaround play. I bought some at 3.34 and it has had a nice run & plus I captured the dividend. Now it has been selling off and is now sitting near its 20 & 50 day ema's. Cramer apparently advised selling FTR yesterday, so maybe that is why it fell so much today. If it holds support here, I am going to buy some more. You just never know with Cramer,...what his motives are.

  15. Anyone else holding RIC, it was hammered today -6.5%. That's what happened to JAG...I thought ric was a good co. with lots of cash ($2/share). They report on 8/2. Not sure if there are real problems or just shenanigans.

    1. why, yes i am fact a nice chunk.....they're just flushing you out nearing support soon on the weekly


  17. Thanks kli. I hate when they do that...

  18. Logan, UT...definitely old time america...the main street is something you would see in a Redford flick...beautiful town....

    Anybody noticing that DCTH, GALE are warming up...ANTH is also still in play...I was stopped out but now thinking of getting back in...Keep GENE on your radar..

    ARNA-either the mm's want in or something else is happening that I don't understand...the way they are pushing it down before decision tomorrow has me thinking its approved...