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Wrapping Up A Profitable Week
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Wrapping Up A Profitable Week

by The MoleDecember 9, 2016

Call it what you want, the Trump Election Ramp or the Farewell Obama Rally – it’s been a great ride for us and we’ll be wrapping up another profitable week. And boy do we deserve it after fighting off rattlesnakes, blood leeches, and sharks with laser beams for most of the year. But that’s how it goes really as a trader. You work your butt off every single day but the most profitable earning periods often come down to just a few weeks. Of course if we knew which ones in advance then being a trader would be a lot easier. Absent a crystal ball your default mindset should be that every single week may be the one. Okay, granted -maybe except for a few mid summer holiday weeks, they almost always suck 

2016-12-09_silver

I am already long silver and if you’re a sub chances are you are as well. For the rest of you guys, you are in luck, here’s an entry you may consider today or on Monday. FWIW, this one is really testing out patience, which either means it’s going to disappoint or it’ll bust higher in a big way. The more they try to shake you off the bigger the reward. It’s not a guarantee but if you’re a seasoned trader I have an inkling you’d be agreeing with me.

2016-12-09_soybeans

Soybeans is yet another one that has kept us in suspense and as you can see it actually dropped below my break/even spot but has not stopped me out yet. The daily panel is actually starting to look even better and if I wasn’t in already then I certainly would strike the iron now. If you must follow us in the abyss then I suggest you place your stop below 1020 or lower.

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gluehwein

It’s Friday and instead of my regular Hefeweizen treat I’ll be following tradition and switch to a nice glass of Glühwein. If you’ve never had it then boy are you in a for a treat – here’s the recipe. Please don’t waste a perfectly good 1986 Saint Emilion on this, any cheap bottle of Six Buck Chuck will do just fine.

Enjoy!


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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  • ridingwaves

    I agree with Mole…
    editors note-and I’m not a seasoned trader, more a bland lightly salted trader

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    lightly salted ha ha ha.

    http://i.imgur.com/FkVUrcD.jpg

  • ridingwaves

    nice photo edit….
    a snowboard on that salt would be tasty….

  • ridingwaves

    gold is getting trumpwhacked today….interesting part is its happening before the fed meeting….

  • AcoBrasil

    Hey Mole,

    Gluhwein sounds a lot like Brazilian Quentao. Probably comes from the German descents in the south. Cheers!

    Ingredients:

    34 fl. ounces (1 liter) red wine such as Merlot or Cabernet Sauvignon (or grape juice if desired)
    17 fl. ouces (1/2 liter) of water
    1 orange, sliced
    2 slices of fresh ginger, peeled
    6 cloves
    3 cinnamon sticks
    1 cup sugar (or more, if desired

    http://www.easyanddelish.com/quentao-de-vinho-brazilian-mulled-wine/

  • AcoBrasil
  • AcoBrasil

    PMs are evil…

  • ridingwaves

    I’m heading to Peru in May, I might have to setup a trip here…

  • kudra

    Your TZA call starting to look good. Where’d you get in?

  • AcoBrasil

    $18.75. We’ll see how it goes. Should be good for a run until $20 or so.

    Take a look at GFA if you want a possible zinger. They are scheduled to launch an IPO in mid-late December that could cause a fast move up. $1.15-1.20 is a very good entry if you can get it. That’s where I plan on adding soon.

  • AcoBrasil

    Let me know if you want any help scheduling. I have been in almost every region and city in the country. Wonderful place.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • AcoBrasil

    Way to rub salt in the wounds 🙂

  • ridingwaves

    Any airlines I should avoid?

  • ridingwaves

    Trump likes his gold….of course he has one lying next to him at night too….

  • https://evilspeculator.com Sir Mole III

    Sounds delicious – got to give that one a spin.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ..stops the bleeding, you’ll thank me later.
    😉

    https://i.ytimg.com/vi/QA6Uyon7xQo/hqdefault.jpg

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • AcoBrasil

    LATAM is better than American (at least for Brazil). COPA is very reliable but they use domestic jets (as does AA). That’s coming out of Miami, though.

  • ridingwaves

    very glad to hear that….I’m doing Incan trail, Cuzco and the up to Equador for trip out to dive Galapagos for a week

  • ridingwaves

    if we get a massive push down on bullish vix instruments at end of the day. I’m in

  • Mark Shinnick

    Yeah…interesting.

  • ridingwaves

    all this bullishness and vix instruments both inverse and reverse just sitting and thinking

  • AcoBrasil

    You’re shortchanging yourself on both ends. Better to break into two separate trips – one for Southern Peru – a second for Ecuador.

    You need 10 days to do Galapagos justice 4-7 on a boat and 2-3 scuba diving and Isabela. Use Happy Gringo in Quito and Scuba Iguana in Galapagos for booking. Quito is one day. The nice stuff is outside of town – Banos, Vilcabamba, Cuenca.

    Cuzco: Sacsayhuaman and three other ruins nearby (Tambomachay walking down – 4 hours. Ollytatambo, Pisac, and Salinas. You need at least one day to do the city justice also.

    If you decide to extend Peru: Lake Titicaca, Arequipa and Colca Canyon, Nazca, Pisco (and Ballestras Isles), and Ica (city and dunes you saw earlier). Lima is also very underrated IMO.

    https://www.tripadvisor.com/Attractions-g294314-Activities-Cusco_Cusco_Region.html

  • AcoBrasil

    I think Brazil inherited that recipe from you Germans.

  • AcoBrasil

    Ouch….

  • ridingwaves

    what is your email? I have a couple other questions based on your answer above. I do have 4 days in Cuzco before the hike into MP….
    I have 8 days in GPS, you think the boat cruise is better than staying on main island in rental?

  • AcoBrasil

    Tough call. Let me give you an answer on the CBD yahoo message board so we dont continue to clutter here and I don’t want to post it on a public site – can we use disqus to PM? Also, please remind me Monday. Gotta run for the weekend!

  • http://greenlander1.blogspot.com/ Greenlander

    Talking my own book as I bought yesterday and added on open, but sentiment is so bad. Without trying saw several articles talking about gold is a dead trade.

    I added Jan 5 GLD 115 calls at .5, shouldve waited a bit!

  • http://greenlander1.blogspot.com/ Greenlander

    Rate increase is priced in so only bit of good news for GLD longs

  • http://greenlander1.blogspot.com/ Greenlander

    https://uploads.disquscdn.com/images/5fc345c14bdc0901fa6acdbe8461feaa81b8b44708774c497cf5a01e2acf4551.png

    There are more instances if you go back in time but very strong divergence now. They will need to match up at some pt whether GLD crashing or bouncing.

  • Ronebadger

    Sunday night…oil up 5.5% !!!

  • Billabong

    $3+ … Any thoughts on what was responsible for the price surge shortly after the open?

  • Tomcat

    Non-opec agreement on output

  • Billabong

    Ok … we’re not talking big numbers here (beats head against wall in attempt to forget anything rational). This is almost as bad as YM up 2391 (14%) since election eve lows.

  • Tomcat

    1.8-1.9m barrels cut, is very significant IMO. At this point, is hard to argue against the bulls, oil is going to $60-65

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Billabong

    Thanks for the info. It will happen but not today…

  • Billabong

    New high USD/JPY – 115.609. DX green and long bond / note negative.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    $60 would suck, that could mean another .50 at the pump.

    http://stockcharts.com/h-sc/ui?s=%24GASO&p=W&yr=2&mn=0&dy=0&id=p28882913444

  • ridingwaves

    damn, you are running behind….
    ridingwaves Sir Mole III 25 days ago
    I like crude here…..42CL might be low for rest of year…
    https://s13.postimg.org/705swpu9j/WTIC_Now_or_Never.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    always a Master, and a Student there is.
    😉

  • https://evilspeculator.com Sir Mole III