Gold For Sale

So check this out---

I talk about guns and GOLD all the time, but something my wife passed on to me last night really shocked my senses. A JAP (Jewish American Princess) is having a "Sell Your Gold" party. Here is a copy of the email that my wife received. All that is changed is the sender and recipient information and the sender's home address and name have been removed:

Collect all your BROKEN, OUTDATED, UNWANTED jewelry and bring it over for CASH on the spot!!!

The jeweler is a reputable jeweler from the area who pays top dollar for your unwanted jewelry!!!

This party is fully catered by the jeweler and cocktails will will served!!


Go through your drawers and collect all your old jewelry and walk out with CASH!!!


Tell your friends!!!

Please rsvp if you are coming!!
A big JAP
888-555-1212
call with any questions!!

Tuesday June 2nd
6:00-8:00 pm


1212 Mocking Bird Lane

Somewhere NJ

Friggin scary, right? I mean...I know these Prima Donna's and for them to be selling their gold jewelry....even if it is broken or they do not wear it....it means even they are feeling it. Now I suspect these "princesses" are going to take their hard earned cash and spend it on new shoes and bags but the fact remains: they are selling their jewelry for cash. That is a horrible sign. Simply horrible.

Build your cash and gold positions my friends.....

--The Angry Trader

Facts Don't Lie

Mortgage foreclosure is so passe. I mean really. REALLY!!?????

Is it? Is it so last year to worry about mortgages? Try telling that to the new wave of foreclosure candidates...those with prime mortgages. These are the poor folks who have lost their jobs for no reason other than 1. their company f'd up pretty badly, or 2. their company is directly affected by reason #1.

I stole this quote from the New York Times today..., “We’re about to have a big problem,” said Morris A. Davis, a real estate expert at the University of Wisconsin. “Foreclosures were bad last year? It’s going to get worse.” REALLY..?.?.?!

I found all of this in the NYT as well:

"From November to February, the number of prime mortgages that were delinquent at least 90 days, were in foreclosure or had deteriorated to the point that the lender took possession of the home increased more than 473,000, exceeding 1.5 million, according to a New York Times analysis of data provided by First American CoreLogic, a real estate research group. Those loans totaled more than $224 billion. REALLY??!!!!!

During the same period, sub prime mortgages in those three categories increased by fewer than 14,000, reaching 1.65 million. The number of similarly troubled Alt-A loans — those given to people with slightly tainted credit — rose 159,000, to 836,000. Over all, more than four million loans worth $717 billion were in the three distressed categories in February. This was a rise of more than 60 percent (in dollar terms) compared with the prior year. Really...

In February of this year the Obama Administration announced a Federal program, where the government is to spend $75 billion on incentives for mortgage servicing companies that reduce payments for troubled homeowners. The Treasury Department says the program will spare as many as four million homeowners from foreclosure. However, three months after the program was announced, a Treasury spokeswoman, Jenni Engebretsen, estimated the number of loans that have been modified at “more than 10,000 but fewer than 55,000." REALLY?!?!?!?!

In the first two months of the year alone, another 313,000 mortgages landed in foreclosure or became delinquent at least 90 days, according to First American CoreLogic.

They poke fun now, but I am all about guns and gold. Preparations for the new bunker are under way.

---The Angry Trader.

What is "Normal"?

The market has been ripping. So why are Wall Street professionals unhappy? Why is the misery factor as high as it was last November and this March? Irrationality. The market has NOT been behaving properly and this has killed another round of professionals just in Q109.

Without getting into specifics, winners last year--are losing BIG this year. Fundamentals are only slowing at a slower pace....not getting better. Shorts who know this have been taken out on stretchers because as fundamentals continue to weaken, stocks have ripped higher. This is the second derivative call and play that many spoke about early in January. There is however, a major flaw to this in terms of a longer market rally.....what if what we have see is it...or things only get marginally better....and what if they get marginally better for a long time?

So as every market is up big from March, the next question must be....what is the new normal? During Q1 earnings season, we heard the same general messages:

Profits better than expected on weaker revenue lines but strong cost controls have driven bottom line numbers higher than exceptionally depressed expectations. Moreover, companies have trimmed head count and utilization rates in such dramatic ways that any uptick in a restocking will send many back to work, and turn on silent production lines. The question is...is this sustainable?

My suspicion is no, unfortunately. Consumers are still strapped and given where they are now...they still are in no mood to spend. Will seeing their 401k's go up in Q1 help them feel better? Absolutely. However the rate of spending that is needed to drive the economy higher is a friggin pipe dream.

Housing prices have still not bottomed. What we see being sold are mostly homes in foreclosure. Not real sales. Real sales are happening but at a slow pace. Moreover, when they do occur, bids are well below asking prices. Bids are being hit...or a period of negotiation occurs that favors the buyers--due to the significant amount of inventory on the market.

This drives the ask down across the neighborhood and community. As these prices continue to come down...they weigh on pricing of homes across the community. A $1,000,000 home that sells for $875,000 or $925,ooo will force the homes in the $9ook and $800k price ranges to fall...

This will continue to occur and it will happen across the country for several years to come. As it does, consumers will again have LESS and will be forced to spend less and save more. This combination will not permit global economies to levels we saw in 2007 for several more years.

You see...we will NOT return to normalized numbers...not sales or earnings and this will keep a lid on the equity markets for a LONG ASS TIME.

Feel better? Don't shoot the messenger.

--The Angry Trader

Line in the sand--Lock them up and throw away the key!

I am no Dick Cheney fan....but he nailed it this week in his remarks about Guantanamo Bay detainees. The simple reality, according to this author, is that if these prisoners are EVER released, they will simply go home and begin plotting harm against America, the West and America's allies around the world.

Take a look at Israel. Our ONLY ally in the Middle East. Did I mention Israel is America's ONLY ally in the Mid-East? OH, right....sorry...cause it is pretty important.

Israel says they do not torture their prisoners. Having said that, Israel also comments on a daily basis that they will do anything and everything they can to continue to provide the highest level of security, and peace within Israel proper. You know what that means?

It means when they get a really bad guy in captivity--they torture the shit out of him. They do unthinkable things to him. Why? Because they NEED to know what the bad guys are up to. Without that information, obtained via torture there would be no more Israel. If they stopped using extreme tactics to obtain information, it would be only weeks before Israel was attacked in ways the world has never seen. The use of torture, and other unthinkable measures keeps Israel one step ahead of their enemies. Without it, they would be fighting blind, against a raging mob and the party would surely be over. Of course, they can just use or sodium pentathol at times, but torture also sends a powerful psychological message to your enemies.

Here is a clip of both Cheney and Obama speaking out on this issue during the week. Let me say again, I HATE Dick Cheney. So yes, he has that evil smirk on his face when speaking, but look at how Obama also has a particular "look" during his remarks. His smirk says, " I won, I am right, and I will continue to highlight this." It is a look of patronage and one of mockery.




The problem with this of course, is that if we release these captives, they will return home and begin their own Jihads. NO--THEY WILL NOT RETURN TO THEIR HOMES AND LIVE NORMAL LIVES. They simply will not. This may be one of those times our Country must pay for a long time for crimes committed against human beings....but we cannot release these men back into the global population. These guys are on the same page as serial killers. We all know we would never believe a serial killer has been rehabilitated and would welcome him/her back into the general population. The same holds for these America hating Jihadists hell bent on destroying all of us.

My last point is one Cheney makes as well----the release of these prisoners will leave our country vulnerable to attack. How? Simple--these men upon returning home will not be hero's. They will be received as Gods. They will bring their already massive amounts of hatred towards the West back to their homes, and turn hundreds if not thousands more minds into jelly and then teach them that ALL if their problems, the whole world's problems are the fault of America, Israel and the rest of the West.

Lock them up, throw away the key, and let us all continue to be safe.

--The Angry Trader.

Iran and N.Korea--Time to Say Goodbye to Both!

What a week! Aside from dealing with a MAJOR life issue, one the size I have not grappled with since becoming a man (that's a joke, you assholes) for the past 3, we all received notice of not only Iran launching a test missile with a 1200 mile range, the dirty North Koreans "successfully" completed their second nuclear test, which just raises the stakes in their effort to ramp their program of mass destruction.

What the F is wrong with these goof balls? Both countries? Clearly war, death and destruction is the answer. I am proposing we impart all of that on both countries, without warning, during the dark hours of the night. Nothing says go F yourself, like a strategic nuclear strike at say....2am?

Now I only jest a bit....We NEED to take both programs down, down hard, and down RIGHT NOW. This world is waaay messed up already, to have to worry about some guys, named Ahmadinejad and Jong-il. I mean, what the F people??? How is it possible that a guy whose last name is IMPOSSIBLE to pronounce gets not only in power, but is in control of an unstable country like Iran? We need a new, full on, international law that says if the majority of the world cannot pronounce your name (or any part of it), you should not be permitted to rule, regardless of the type of leader you are.

As for Jong-il, why don't you just go and die old man? I mean seriously. You have ruled with an iron fist for a long ass time. Not only that, just look at this picture. What frigging world leader wears a hooded rain jacket (i think it is Members Only) to a nuclear test site? Moreover, Look at his face and how he holds his hands. My GAYDAR is going crazy.....yes.....HE'S A FAG!!!!!!!

Obama should send him a telegram asking how the D (short for dick) was that he took down this weekend.

South Korea, in the meantime is totally screwed. Below, S. Korea's nuclear envoy, Wi Sung-lac shows the chances of S.Korea surviving another year with this pedophile running the country to the north.

Do you see how close his fingers are? He really is not showing reporters how small his manhood is(you know those stereotypes are true!!) but in reality highlighting how little time he and his South Korean pals have left on the planet.

I do hate to be so belligerent, especially with considering moving the whole shit bang to hippie county where there is a higher level of tolerance, but man...these two winners need to be taken down, put to sleep permanently and then we all can dance on their graves.

Oh, one more thing.....if you saw this guy on the street, how bad do you think he would smell?

He would smell like a dead Iranian rat if I found him on the street....

---The Angry Trader.