Now I see this clearly. My whole life is pointed in one direction. There never has been a choice for me.
-Travis Bickle
Taxi Driver

I’d like to make a couple things clear about my plans for this evening.

1) The rumors that are spreading that I am going to be in San Francisco this evening may or may not be true. If I am there, I’ll be talking the markets, of course. It could be likely that I would wear a Tinker Factory T shirt. If you do see me in that shirt, it is the exact shirt I wore in the 1996 reunion tour of my Glam Band, Volaterra.

If you’d like to interact, please make yourself known by wearing one of my familiar logos.

2) If I am in San Francisco, the first thing I’ll do is hitch a ride out to Alcatraz for a swim back. Sometimes I swim Alcatraz. Just because.

Peace

Jack LaLanne Swims from Alcatraz Island to Fisherman's Wharf, handcuffed, shackled and towing a 1,000-pound boat

In my time, which is now, I sometimes ponder

Of all the trades that I have done, Which one is the best?

Without a doubt, I know, that my best trade

Is my next trade

Peace

Deep Thoughts With Mister Volatility…

Tomorrow the market will do one of two things…
If it doesn’t do one, it will probably do the other

Peace

We hope, however, to obtain a real understanding of the problem of exchange by
studying it from an altogether different angle; this is, from the perspective of a
“game of strategy.”
-John von Neumann and Oskar Morgenstern
Theory of Games and Economic Behavior

The theory of games is a theory of decision making. It considers how one should make decisions and, to a lesser extent, how one does make them. You make a number of decisions every day. Some involve deep thought while others are almost automatic.
-Morton D. Davis

I recently flagged the short entry. Discussing this decision with my collaborators at
The Tinker Factory, our conversation veered off to Game Theory. Stay tuned for more announcements regarding Game theory and all of it’s implications.

Peace

The complexity of a decision is minimized if you view things visually, that is, if you Trade the Picture.
-Mr. Volatility

The Reflection

While still in the thick of one of the wildest volatility moves on record, I am seeing some macro dynamics that I’d like to communicate. I am on to the next wildest massive move we may ever witness. It is the oldest trick in the book.

There is a massive shortage in the physical gold market. My lead time for Maple Leafs is out about 5 weeks. But I am locking in my price today. I am accumulating the yellow metal in all forms. This is going to be one massive massive trade. If I am able to pull off what I think is possible, this will be a trade of the proportion that George Soros pulled off when he shorted the British Pound. Gold went wild in the 1970’s. Gold is going to go even wilder now. You think that Gold has already made it’s move? Not even close. Factor in inflation….and commodity prices…and so on and so on. Gold is just getting started. And the bubble in gold won’t be a bubble at all. It’ll be a return to normalcy. The confetti paper got out of hand. Now we have to clean up the party.

Peace

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