Precipice

11
10.5
10 ..........................................few months
9.5 ...................................next................. if
9 ...................y ha.en..the......................... thi
8.5................a... pp. in................................. ngs...pen
8 ..This......m.................................................... hap...as
7.5......is...at...................................................................I...in
7 ..........wh...................................................................... th. k
6.5.......................................................................................... it
6 ...............................................................................................wi
5.5 ...............................................................................................ll
5


However the other likely scenarios are: 1) we don't have big rally I expect after falling from where we at 2) we hold this level for the long term and go sideways in a wide range for some time



Once again, I hope I'm wrong, but things are still getting worse despite the governments best (worst?) efforts. We are definitely hanging on by a thread. The greed and lying of our political and financial leaders have led us to this point, and more than likely they will lead America and the world over the precipice like a bunch of lemmings.

FTOPS Over and Done

Another FTOPS is finished, and once again I have had a poor monetary series (which is all that matters). I didn't play the full slate of tournies this time due to other commitments, but I did manage 17 of the 25 events. I had 3 cashes (18%), and once again I got teased with a big finish only to come up short. I had a 26th in PLO, and a 40th in PLO8. Neither paid too much, and this has become a reoccuring theme for me in the FTOPS. I actually went back to look at all my FTOPS results because I am ranked 50th or so in their all-time rankings, but I feel like I have done very poorly in them.

I have 24 cashes; 16 of which qualify for their point system (top 72). However, my top 4 finishes are a 7th, a 17th, and two 26ths. THAT IS PATHETIC! Either I am doing something fundamentally wrong late in tournies, or I am just running like $%#$% at the wrong times.

This weekend I did have two final tables and another 15th in some $200 Pokerstars tournies. Unfortunately, they were small fields. I got the 15th in O8; I had a 6th in PLO8, and a 4th in Razz. These three finishes got me to about breakeven for the weekend in tournies.

Oh, and BTW please read the blog below on gold. I truly believe this is VERY important for anyone with a decent amount of assets.

Piece of Advice

Buy some gold.....................

If I'm wrong about what possibly lies ahead, this will be a small mistake. If I'm right, then it will rise substantially. Gold stocks are an idea too, although they will be far more volatile than physical gold (at least 4 times more volatile currently). This is great if gold increases. FWIW, I am becoming more and more invested in some form of gold at about a 2:1 ratio of stocks vs. physical.

If you want to discuss any ideas, I will be more than pleased to talk with you.

Difficult Day

Yesterday, we had to put our family dog, Abby, to sleep. She had been in our family for about 13 years, first with my parents, then with my brother, and finally with us the last year or two. This was hard in itself, but it was really difficult explaining it to my daughter. She's definitely old enough to know what's going on. To say the least, all of us shed many tears. Ellie is extremely caring and empathetic, and these are great traits for someone so young. Her major concern with all of this made us smile and cry all at the same time. She was worried when we go to heaven that we would never be able to find Abby because someone else would have already taken her from the pet store. Also, as kids often do, she drew many pictures to help deal with the loss. It's probably why kids are so resilient. They do not hold anything back.

Actually writing this has been difficult. So I'll make it short. As my dad said when he said his good-byes, "Abby you were a good dog." Thank you.