it's been a long time since I've moved anything aside from buying physical silver in small and big chunks

August 2nd, debt ceiling madness.

Just waiting for investors to get pissed at the U.S. dollar. I'm all-in on this hand, might be time to start looking to liquidate some 95% of all the physical silver.

Need to clear the slate mentally and emotionally and get out of commodities. As sexy and profitable as it's been, it's made me negligent and foolish. Sure you never go broke taking a profit, but buying at 15 and selling at 50 doesn't take brains either when you're riding a wave.

At the end of the day, it's not helping the economy. To squat on a resource is the opposite, it kills the economy. It's not quite adding to the goods and services. Maybe a tiny bit in the mining sector and the middlemen who push the precious metals. But still, it's not being an entrepreneur, it's not investing in a fashion to grows jobs and businesses.

To get really personal, it's not monthly cashflow. You can't eat gold, silver or platinum. Definitely can't eat copper. Actually I have eaten gold...

So yea, it's been a long time coming, it's time to cash out and build monthly cashflow.

*sigh

I sell my hundreds of ounces with the resolute determination to earn the money back to buy a 1000 oz brick.

It really is hard to metaphorically, "empty your cup."

Still, when you gotta clear the slate, you gotta do it.

"The good life is the enemy of a great life." -N. Dornan

~ ~ ~ ~

p.s.

after doing my taxes for the first time with a portfolio, wow, a schedule D looks pretty sexy I must say, it's kinda shocking how much goes to taxes, especially options over equities. To clear commission costs, high inflation and taxes, you have to return 40% margins otherwise you're swimming backwards.

Gosh, I barely did that in 2010. =/

I don't know how traders do it consistently. Most don't succeed long-term.